NS HEALTHCARE SERVICES PRIVATE LIMITED,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, VIJAYAWADA

In the results, appeals filed by the revenue in ITA Nos

Bench: Shri Veeravalli Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

Section 40A(3) of the Act out of the expenditure incurred under patient refund account without bringing any corroborative evidences of such nature of payment. 4. The Learned CIT (Appeals) is not justified in directing the AO to estimate disallowance @ 25% out of the expenditure claimed under referral payments of Rs.34,84,567/- without any basis and any justifiable evidence

NS HEALTHCARE SERVICES PRIVATE LIMITED,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, VIJAYAWADA

In the results, appeals filed by the revenue in ITA Nos

Bench: Shri Veeravalli Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

Section 40A(3) of the Act out of the expenditure incurred under patient refund account without bringing any corroborative evidences of such nature of payment. 4. The Learned CIT (Appeals) is not justified in directing the AO to estimate disallowance @ 25% out of the expenditure claimed under referral payments of Rs.34,84,567/- without any basis and any justifiable evidence

NS HEALTHCARE SERVICES PRIVATE LIMITED,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, VIJAYAWADA

In the results, appeals filed by the revenue in ITA Nos

Bench: Shri Veeravalli Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

Section 40A(3) of the Act out of the expenditure incurred under patient refund account without bringing any corroborative evidences of such nature of payment. 4. The Learned CIT (Appeals) is not justified in directing the AO to estimate disallowance @ 25% out of the expenditure claimed under referral payments of Rs.34,84,567/- without any basis and any justifiable evidence

DEPUTY COMMISSIONER OF INCOME TAX, VIJAYAWADA vs. NS HEALTHCARE SERVICES PRIVATE LIMITED, VIJAYAWADA

In the results, appeals filed by the revenue in ITA Nos

Bench: Shri Veeravalli Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

Section 40A(3) of the Act out of the expenditure incurred under patient refund account without bringing any corroborative evidences of such nature of payment. 4. The Learned CIT (Appeals) is not justified in directing the AO to estimate disallowance @ 25% out of the expenditure claimed under referral payments of Rs.34,84,567/- without any basis and any justifiable evidence

NS HEALTHCARE SERVICES PRIVATE LIMITED,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VIJAYAWADA

In the results, appeals filed by the revenue in ITA Nos

Bench: Shri Veeravalli Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

Section 40A(3) of the Act out of the expenditure incurred under patient refund account without bringing any corroborative evidences of such nature of payment. 4. The Learned CIT (Appeals) is not justified in directing the AO to estimate disallowance @ 25% out of the expenditure claimed under referral payments of Rs.34,84,567/- without any basis and any justifiable evidence

DEPUTY COMMISSIONER OF INCOME TAX, VIJAYAWADA vs. NS HEALTHCARE SERVICES PRIVATE LIMITED, VIJAYAWADA

In the results, appeals filed by the revenue in ITA Nos

Bench: Shri Veeravalli Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

Section 40A(3) of the Act out of the expenditure incurred under patient refund account without bringing any corroborative evidences of such nature of payment. 4. The Learned CIT (Appeals) is not justified in directing the AO to estimate disallowance @ 25% out of the expenditure claimed under referral payments of Rs.34,84,567/- without any basis and any justifiable evidence

CHANUBANDA PRIMARY AGRICULTURAL COOPERATIVE CREDIT SOCIETY LTD,KRISHNA DIST vs. INCOME TAX OFFICER, WARD-3(5), VIJAYAWADA

In the result, appeal of the assessee is dismissed

Bench: Shri Duvvuru Rl Reddy, Hon’Bleआयकर अपील सं./ I.T.A. No.152/Viz/2023 (निर्धारण वर्ा / Assessment Year :2017-18) The Chanubanda Primary Vs. The Income Tax Officer, Agricultural Cooperative Credit Ward-3(5), Society Limited, Chanubanda Vijayawada. Village, Chatrai Mandal, Krishna District, Andhra Pradesh–521214. Pan: Aacat 7978 H (अपीलधर्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधर्थी की ओर से/ Appellant By : Sri Asrss Siva Prasad, Ar प्रत्यधर्थी की ओर से / Respondent By : Dr. Aparna Villuri, Sr. Ar

150/- during demonetization period in its bank account held with Krishna District Central Cooperative Bank, Chatrai, Krishna District. The assessee did not file its return of income before the due date as per the provisions of section 139(1) of the Act, and therefore a notice U/s. 142(1) of the Act was issued on 9/3/2018 wherein the assessee

DCIT, CENTRAL CIRCLE-1, VISAKHAPATNAM vs. GVA INDUSTRIES PVT. LTD., DHAMTARI

section 143(2) of the Act was issued on 22.11.2021. In the statement\nrecorded during the survey proceedings, the three suppliers have stated that they\nhave never supplied any material and have provided only accommodation\nentries. The assessee was requested to furnish information regarding alleged\npurchases vide notice U/s.142(1) of the Act dated 22.11.2021. In response, the\nassessee company

DCIT, CENTRAL CIRCLE-1, VISAKHAPATNAM vs. GVA INDUSTRIES PVT. LTD., DHAMTARI

section 143(2) of the Act was issued on 22.11.2021. In the statement\nrecorded during the survey proceedings, the three suppliers have stated that they\nhave never supplied any material and have provided only accommodation\nentries. The assessee was requested to furnish information regarding alleged\npurchases vide notice U/s.142(1) of the Act dated 22.11.2021. In response, the\nassessee company

INCOMETAX OFFICER, WARD-3(1), VISAKHAPATNAM vs. SURENDRA NATH GUBBALA, VISAKHAPATNAM

Bench: Us:

section 48 of the I.T. Act, 1961, the income chargeable under the head “Capital Gains” shall be computed by deducting from the full value of the consideration received or accruing as a result of the transfer of the capital asset, the following amounts, namely (i) Expenditure incurred wholly and exclusively in connection with such a transfer; (ii) The cost

SREE ANANTALAKSHMI TEXTILES PVT LTD,GUNTUR vs. INCOME TAX OFFICER, TDS WARD-1, ELURU

In the result, appeal of the assessee is allowed for statistical purposes

Bench: Shri Ravish Sood, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./I.T.A.No.402/Viz/2025 (निर्धारणवर्ा/ Assessment Year: 2020-21) Sree Anantalakshmi Textiles (P) Ltd., Vs. Income Tax Officer – Tds Ward-1 C/O. Nsl Textiles Limited Income Tax Office, Kks Towers Engee House, 3Rd Floor, 4Th Line R.R. Pet, Eluru – 534002 Chadramouli Nagar, Guntur – 522007 Andhra Pradesh Andhra Pradesh [Pan:Aadcs1442E] (अपीलधर्थी/Appellant) (प्रत्यर्थी/Respondent) करदाता का प्रतततितित्व/ Assessee Represented By : Shri Gvn Hari, Advocate : Dr. Aparna Villuri,Sr.Ar राजस्व का प्रतततितित्व/ Department Represented By सुिवाई समाप्त होिे की ततति/ Date Of Conclusion Of Hearing : 25.09.2025 घोर्णध की तधरीख/Date Of Pronouncement : 08.10.2025

disallowable under section 40(a)(ia) on account of non- compliance with the provisions of Chapter XVII-B in Part A Ol-Other Information schedule in the return of income filed on 21.10.2020. The payee Page. No 3 I.T.A.No.402/VIZ/2025 Sree Anantalakshmi Textiles (P) Ltd., being the Holding Company of the assessee has reported the interest income in the return

THE CHODAVARAM CO OPERATIVE SUGARS LIMITED,VISAKHAPATNAM vs. DCIT/ACIT, CIRCLE-3(1), VISAKHAPATNAM

In the result, appeal filed by the assessee is allowed

Bench: the Ld.AO. The Ld.AO after perusing the details furnished by the assessee observed that the assessee has paid bonus amount of Rs.1,27,03,496/- during the F.Y.2017-18 on various dates from April 2017 to September 2017. The Ld.AO observed that generally, bonus is declared during Diwali season and paid accordingly and therefore, concluded that the bonus amount of Rs.1,27,03,490 does not pertain to the impugned assessment year and therefore disallowed the same.

150/-. The assessee submitted that the bonus was paid to the staff and workers for the F.Y.2017-18, thereafter, the Ld.AO issued notice u/s 142(1) on 14.01.2021. The assessee in response vide e-mail dated 20.01.2021 submitted four ledger accounts before the Ld.AO. The Ld.AO after perusing the details furnished by the assessee observed that the assessee has paid bonus

DCIT, CENTRAL CIRCLE-1, VISAKHAPATNAM vs. GVA INDUSTRIES PVT. LTD., DHAMTARI

section 143(2) of the Act was issued on 22.11.2021. In the statement\nrecorded during the survey proceedings, the three suppliers have stated that they\nhave never supplied any material and have provided only accommodation\nentries. The assessee was requested to furnish information regarding alleged\npurchases vide notice U/s.142(1) of the Act dated 22.11.2021. In response, the\nassessee company

GVA INDUSTRIES PRIVATE LIMITED,CHHATTISGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

section 143(2) of the Act was issued on 22.11.2021. In the statement\nrecorded during the survey proceedings, the three suppliers have stated that they\nhave never supplied any material and have provided only accommodation\nentries. The assessee was requested to furnish information regarding alleged\npurchases vide notice U/s.142(1) of the Act dated 22.11.2021. In response, the\nassessee company

GVA INDUSTRIES PRIVATE LIMITED,CHHATTISGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

section 143(2) of the Act was issued on 22.11.2021. In the statement\nrecorded during the survey proceedings, the three suppliers have stated that they\nhave never supplied any material and have provided only accommodation\nentries. The assessee was requested to furnish information regarding alleged\npurchases vide notice U/s.142(1) of the Act dated 22.11.2021. In response, the\nassessee company

DEVI SEA FOODS LIMITED,VISAKHAPATNAM vs. PRINCIPAL COMMISSIONER OF INCOME TAX, VISAKHAPATNAM

Appeal of the assessee is partly allowed for statistical\npurposes

150/-. The Ld. AO made an addition of\nRs.48,56,000/- under section 14A of the Act.\n3. Ld.Pr.CIT under powers vested in him as per provisions of section 263 of\nthe Act examined the assessment records and noticed that assessee has debited\nan amount of Rs.15,17,22,510/- towards “Fair value loss on derivative\ninstruments\" which

GVA INDUSTRIES PRIVATE LIMITED,CHHATTISGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

section 143(2) of the Act was issued on 22.11.2021. In the statement\nrecorded during the survey proceedings, the three suppliers have stated that they\nhave never supplied any material and have provided only accommodation\nentries. The assessee was requested to furnish information regarding alleged\npurchases vide notice U/s.142(1) of the Act dated 22.11.2021. In response, the\nassessee company

ASSISTANT COMMISSIONER OF INCOME TAX,EXEMPTION CIR, VIJAYAWADA vs. SRI KOUNDINYA EDUCATIONAL SOCIETY, RAJAHMUNDRY

section 13(1)(c), 13(2)(a), 13(2)(g) & 13(2)(h) of the Act. On this\nissue, Ld. Departmental Representative [hereinafter in short “Ld.DR"] fully\nsupported the orders of the Ld. AO. Ld. DR also placed reliance on the\nfollowing case laws: -\ni.\nii.\niii.\nPrathyusha Educational Trust v. Pr.CIT (108 taxmann.com 385 [Madras])\nPr.CIT v. Maharaja Educational