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51 results for “house property”+ Cash Depositclear

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Key Topics

Section 143(3)55Addition to Income36Cash Deposit31Section 14729Section 143(2)24Section 12A24Section 69A23Section 271(1)(c)21Section 13220

THE ASSISTANT COMMISSIONER OF INCOME TAX(INTERNATIONAL TAXATION),, VISAKHAPATNAM vs. VITTALAM NATARAJ PRASAD, TIRUPATI

In the result, Cross Objection raised by the assessee is dismissed

ITA 247/VIZ/2020[2014-15]Status: DisposedITAT Visakhapatnam16 Mar 2023AY 2014-15

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

For Appellant: Sri Pawan Chakrapani, CAFor Respondent: Sri MN Murthy Naik, CIT-DR
Section 142(1)Section 143(2)Section 143(3)

housing loan, interest on Secured Overdraft (SOD) and confirmation letter from Smt. Nallamilli Sri Devi towards loan given by the assessee. Further, the Ld. AO also requested the assessee to furnish the sources for increase in capital, properties purchased, investments, loans and advances during the FY 2013-14 and also asked to furnish the sources towards cash deposits

Showing 1–20 of 51 · Page 1 of 3

Section 14818
House Property12
Survey u/s 133A12

THE ASSISTANT COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION),, VISAKHAPATNAM vs. NALLAMILLI SRIDEVI,, TIRUPATI

In the result, Cross Objection raised by the assessee is dismissed

ITA 3/VIZ/2021[2015-16]Status: DisposedITAT Visakhapatnam16 Mar 2023AY 2015-16

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

For Appellant: Sri Pawan Chakrapani, CAFor Respondent: Sri MN Murthy Naik, CIT-DR
Section 142(1)Section 143(2)Section 143(3)

housing loan, interest on Secured Overdraft (SOD) and confirmation letter from Smt. Nallamilli Sri Devi towards loan given by the assessee. Further, the Ld. AO also requested the assessee to furnish the sources for increase in capital, properties purchased, investments, loans and advances during the FY 2013-14 and also asked to furnish the sources towards cash deposits

THE ASSISTANT COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION),, VISAKHAPATNAM vs. NALLAMILLI SRIDEVI,, TIRUPATI

In the result, Cross Objection raised by the assessee is dismissed

ITA 2/VIZ/2021[2014-15]Status: DisposedITAT Visakhapatnam16 Mar 2023AY 2014-15

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

For Appellant: Sri Pawan Chakrapani, CAFor Respondent: Sri MN Murthy Naik, CIT-DR
Section 142(1)Section 143(2)Section 143(3)

housing loan, interest on Secured Overdraft (SOD) and confirmation letter from Smt. Nallamilli Sri Devi towards loan given by the assessee. Further, the Ld. AO also requested the assessee to furnish the sources for increase in capital, properties purchased, investments, loans and advances during the FY 2013-14 and also asked to furnish the sources towards cash deposits

THE ASSISTANT COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION),, VISAKHAPATNAM vs. VITTALAM NATARAJ PRASAD, TIRUPATI

In the result, Cross Objection raised by the assessee is dismissed

ITA 1/VIZ/2021[2015-16]Status: DisposedITAT Visakhapatnam16 Mar 2023AY 2015-16

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

For Appellant: Sri Pawan Chakrapani, CAFor Respondent: Sri MN Murthy Naik, CIT-DR
Section 142(1)Section 143(2)Section 143(3)

housing loan, interest on Secured Overdraft (SOD) and confirmation letter from Smt. Nallamilli Sri Devi towards loan given by the assessee. Further, the Ld. AO also requested the assessee to furnish the sources for increase in capital, properties purchased, investments, loans and advances during the FY 2013-14 and also asked to furnish the sources towards cash deposits

THE INCOME TAX OFFICER, INTERNATIONALTAXATION, , VIJAYAWADA vs. KRISHNA MOHAN MALEMPATI, WELLINGTON MANOR

In the result, appeal of the Revenue is dismissed

ITA 121/VIZ/2021[2017-18]Status: DisposedITAT Visakhapatnam15 Jun 2023AY 2017-18

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

For Appellant: Sri GVN Hari, ARFor Respondent: Sri ON Hari Prasada Rao
Section 143(2)Section 143(3)Section 50C

house property. The contention of the Ld. AO could not be accepted as it is prerogative of the assessee to withdraw cash as per his requirements and the Department cannot dictate the manner in which the assessee should withdraw the cash. Further, we find that the Ld. AO has not questioned the source of deposits

KANCHAN LALWANI,VIZIANAGARAM vs. INCOME TAX OFFICER, WARD-1, VIZIANAGARAM

In the result, the appeal filed by the assessee is allowed

ITA 484/VIZ/2025[2021-22]Status: DisposedITAT Visakhapatnam31 Oct 2025AY 2021-22

Bench: SHRI G. MANJUNATHA, HON’BLE (Accountant Member), SHRI RAVISH SOOD, HON’BLE (Judicial Member)

Section 142(1)Section 143(2)Section 143(3)Section 234ASection 56(2)(x)Section 68

deposited into bank account cannot be treated as unexplained cash credit in the books of account of the assessee which can be considered as addition u/s.68 of the Act. The bank pass book supplied by the bank to the assessee cannot be regarded as the books of account of the assessee. We find that the assessee is an individual

VENKATA RAMANA VOONNA,SRIKAKULAM vs. INCOME-TAX OFFICER, WARD-1, SRIKAKULAM

In the result, appeal of the assessee is dismissed

ITA 251/VIZ/2024[2017-18]Status: DisposedITAT Visakhapatnam25 Sept 2024AY 2017-18

Bench: Shri Duvvuru Rl Reddy, Hon’Bleआयकर अपील सं./ I.T.A. No.251/Viz/2024 (िनधा"रण वष" / Assessment Year : 2017-18) Venkata Ramana Voonna, Vs. Income Tax Officer, Srikakulam. Ward-1, Pan: Abipv2254N Srikakulam. (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Appellant By : Sri I. Kama Sastry, Ar ""याथ" क" ओर से / Respondent By : Dr. Aparna Villuri, Sr. Ar सुनवाई क" तारीख / Date Of Hearing : 04/09/2024 घोषणा क" तारीख/Date Of : 25/09/2024 Pronouncement O R D E R

For Appellant: Sri I. Kama Sastry, ARFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 115BSection 133(6)Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 250Section 271ASection 69A

property was transferred to 2-person. The sale deed dated 27/05/2011 reveals that out of 2 persons, one is employee and other person is doing business. Besides assessee, both persons will have bank accounts and can insist for payment other than mode of cash. (ii) Further the submission of the assessee that amount received in FY 2014-15 was kept

MANGAMMA CHIRUMAMILLA,GUNTUR vs. INCOME TAX OFFICER, WARD 2(1), GUNTUR

In the result, appeal of the assessee is dismissed

ITA 151/VIZ/2025[2018-19]Status: DisposedITAT Visakhapatnam18 Dec 2025AY 2018-19

Bench: SHRI SANDEEP SINGH KARHAIL, HON’BLE (Judicial Member), SHRI OMKARESHWAR CHIDARA, HON’BLE (Accountant Member)

Section 142(1)Section 144Section 147Section 148Section 148A

property was purchased and the same was sold during the F.Y.2017-18. From the sale proceeds of the house, it was mentioned that the same was 4 Mangamma Chirumamilla invested in fixed deposit and she is having some interest income. As far as the source of cash

MANJU VANI CHIGURUPATI,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), VIJAYAWADA

In the result, appeal of the assessee is partly allowed

ITA 363/VIZ/2024[2017-18]Status: DisposedITAT Visakhapatnam07 Mar 2025AY 2017-18

Bench: Shri K. Narasimha Chary, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.No.363/Viz/2024 (निर्धारणवर्ा/ Assessment Year: 2017-18) V. Manju Vani Chigurupati Acit – Circle -2(1) C.R. Building, 1St Floor Annex #16, K.C.P. Colony Kanuru, Vijayawada-520007 M.G. Road, Vijayawada – 520002 Andhra Pradesh Andhra Pradesh [Pan: Aazpc9498B] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

Section 115BSection 143(2)Section 143(3)Section 250Section 69A

House property and income other sources. The case was selected for limited scrutiny and accordingly notices under section 143(2) and 142(1) of the Act were issued and served on the assessee calling for details. In response, assessee submitted her reply on 16.12.2019 explaining the sources of cash deposits

AMBATI VENKATA SATYA NAGA MALLESWARA RAO,NUZVIDU vs. THE INCOME TAX OFFICER, WARD-3(4), VIJAYAWADA

In the result, appeal of the assessee is dismissed

ITA 558/VIZ/2019[2016-17]Status: DisposedITAT Visakhapatnam08 Jul 2022AY 2016-17

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अऩीऱ सं./ I.T.A. No.558/Viz/2019 (ननधधारण वषा / Assessment Year : 2016-17) Ambati Venkata Satya Naga Vs. Income Tax Officer, Malleswara Rao, Ward-3(4), Nuzvid, Krishna District, Vijayawada. Andhra Pradesh. Pan: Avcpa 9606 K (अऩीऱधथी/ Appellant) (प्रत्यथी/ Respondent) अऩीऱधथी की ओर से/ Appellant By : Sri Gvn Hari, Advocate : Sri Spg Mudaliar, Sr. Ar प्रत्यधथी की ओर से / Respondent By सुनवधई की तधरीख / Date Of Hearing : 02/06/2022 घोषणध की तधरीख/Date Of : 08/07/2022 Pronouncement O R D E R Per S. Balakrishnan:

For Appellant: Sri GVN Hari, Advocate
Section 143(2)Section 143(3)Section 69A

house property and Rs. 2 lakhs business income as commission agent. The case was selected for limited scrutiny under CASS for examination of (i) cash deposit

BANDARU PADMAJA,VISAKHAPATNAM vs. INCOME TAX OFFICER, WARD-5(1), VISAKHAPATNAM

In the result, appeal of the assessee is dismissed

ITA 468/VIZ/2024[2013-14]Status: DisposedITAT Visakhapatnam24 Sept 2025AY 2013-14

Bench: The Tribunal. In Respect Of The Belated Filing Of The Appeal, The Assessee Filed A Petition For Condonation Of Delay Along With An Affidavit & The Relevant Contents Are Scanned & Pasted Herein Below:

Section 143(1)Section 143(2)Section 143(3)

house property and interest income on fixed deposits, filed her return of income on 08/07/2013 admitting a total income of Rs. 3,34,500/-. The case was summarily processed U/s. 143(1) of the Act. Subsequently, the case was selected for scrutiny under CASS. Thereafter, notices U/s. 143(2) and 142(1) of the Act were issued to the assessee

SEETHAMRAJU SATYA SURYA VENKATA UMA RANI,VISAKHAPATNAM vs. INCOME TAX OFFICER, WARD-5(4), VISAKHAPATNAM

In the result, appeal filed by the assessee is allowed

ITA 512/VIZ/2024[2016-17]Status: DisposedITAT Visakhapatnam20 Feb 2025AY 2016-17

Bench: Shri K Narasimha Chary, Hon’Ble & Shri S Balakrishnan, Hon’Ble(Hybrid Hearing) आयकर अपील सं./ I.T.A. 512/Viz/2024 (निर्धारण वर्ा / Assessment Year :2016-17) Seethamraju Satya Surya Venkata Vs. Income Tax Officer, Uma Rani, Ward-5(4), Visakhapatnam. Visakhapatnam. Pan: Areps1245A (अपीलधर्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधर्थी की ओर से/ Assessee By : Sri Gvn Hari, Ar प्रत्यधर्थी की ओर से / Revenue By : Dr. Aparna Villuri, Sr. Ar

For Appellant: Sri GVN Hari, ARFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 143(2)Section 143(3)Section 154Section 69A

property. In response to the said notices, the assessee submitted information through e-portal. On examining the bank statements held by the assessee with Lakshmi Vilas Bank, Dwaraka Nagar Branch, Visakhapatnam, the Ld. AO observed that the assessee was made a cash deposit of Rs. 13 lakhs during FY 2015-16 and the assessee was required to explain the sources

ANURADHA VASIREDDY,VIJAYAWADA vs. INCOME TAX OFFICER, WARD-2(2), VIJAYAWADA

In the result, appeal filed by the assessee is allowed for statistical purposes as indicated hereinabove

ITA 113/VIZ/2024[2017-18]Status: HeardITAT Visakhapatnam25 Jul 2024AY 2017-18

Bench: Shri Duvvuru Rl Reddy, Hon’Bleआयकर अपील सं./ I.T.A. No.113/Viz/2024 (िनधा"रण वष" / Assessment Year : 2017-18) Anuradha Vasireddy, Vs. Income Tax Officer, 29-26-129, Jadagam Vari Street, Ward-2(2), Suryaraopet, Vijayawada-520002, Vijayawada. Andhra Pradesh. Pan: Acjpv6946M (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Appellant By : Sri C. Subrahmanyam, Ar ""याथ" क" ओर से / Respondent By : Dr. Aparna Villuri, Sr. Ar सुनवाई क" तारीख / Date Of Hearing : 22/07/2024 घोषणा क" तारीख/Date Of : 25/07/2024 Pronouncement O R D E R

For Appellant: Sri C. Subrahmanyam, ARFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 133(6)Section 142(1)Section 143(2)Section 143(3)Section 144Section 44ASection 69A

House Property of Rs. 74,222/-, business income U/s. 44AD of Rs. 5,05,107/- and income other sources of Rs. 2,71,800/-. The return was initially processed by the CPC on 24/12/2017. Thereafter, the case was selected for scrutiny through CASSS under the category of ‘limited scrutiny’ on the reason ‘high value cash deposits

PURNACHANDRA RAO MANDAVA,ELURU vs. INCOME TAX OFFICER, WARD-2, ELURU

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

ITA 52/VIZ/2024[2017-18]Status: DisposedITAT Visakhapatnam31 May 2024AY 2017-18

Bench: Shri Duvvuru Rl Reddy, Hon’Bleआयकर अपील सं./I.T.A.No.52/Viz/2024 (ननधधारण वर्ा / Assessment Year : 2017-18) Purnachandra Rao Mandava Vs. Income Tax Officer Ambica Street, Powerpet Ward-2 Eluru Eluru [Pan : Aizpm5102C] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

For Appellant: Shri G.V.N.Hari, ARFor Respondent: Dr.Aparna Villuri, DR
Section 115BSection 143(2)Section 143(3)Section 69A

house property and other sources filed his return of income 2 I.T.A. No.52/Viz/2024, A.Y.2017-18 Purnachandra Rao Mandava, Eluru for the A.Y.2017-18 on 27.03.2018 by admitting total income of Rs.4,07,470/-. Subsequently, the case was selected for limited scrutiny under CASS to examine cash deposits

VENKATA SURYANARAYANA VISWANADHAM,VIZIANAGARAM vs. INCOME TAX OFFICER,WARD-1, VIZIANAGARAM

In the result, the appeal of the assessee is partly allowed

ITA 353/VIZ/2024[2015-16]Status: DisposedITAT Visakhapatnam22 Jan 2025AY 2015-16

Bench: Shri Laliet Kumar & Shri Balakrishnan. Sassessment Year: 2015-16 Venkata Suryanarayana Vs. The Income Tax Officer, Ward – 1, Viswanadham, Vizayanagaram. Vizianagaram. Pan : Adnpv5136A (Appellant) (Respondent) Assessee By: Shri T. Chaitanya Kumar (Hybrid) Revenue By: Ms. K. Sandhya Rani, Sr.Dr. Date Of Hearing: 20.01.2025 Date Of Pronouncement: 22.01.2025

For Appellant: Shri T. Chaitanya Kumar (HYBRID)For Respondent: Ms. K. Sandhya Rani, Sr.DR
Section 115BSection 139Section 143(3)Section 144BSection 147Section 148Section 148ASection 149(1)(b)Section 250oSection 69A

cash deposits of Rs.17,50,000/- were from the accumulated savings of the assessee and also from the amounts received from his daughters and sons-in-law over time. The ld.AR further submitted that initially the assessee intended to use these funds to purchase a house but later has not found a suitable property

INDIRA VOONA,VISAKHAPATNAM vs. INCOME TAX OFFICER, WARD-3(1), VISAKHAPATNAM

In the result, appeal of the assessee is allowed

ITA 244/VIZ/2023[2017-18]Status: DisposedITAT Visakhapatnam25 Sept 2024AY 2017-18

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A. No. 244/Viz/2023 (निर्धारण वर्ा/ Assessment Year: 2017-18) Indira Voona V. Income Tax Officer – Ward 3(1) Visakhapatnam Plot No. 24, Sector 12 Mvp Colony, Visakhapatnam – 530017 Andhra Pradesh [Pan: Aewpv1518E] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A. No. 268/Viz/2023 (निर्धारण वर्ा/ Assessment Year: 2015-16) Income Tax Officer – Tds Ward -1 Indira Voona V. Visakhapatnam Plot No. 24, Sector 12 Mvp Colony, Visakhapatnam – 530017 Andhra Pradesh [Pan: Aewpv1518E] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

Section 143(2)Section 143(3)Section 250Section 69A

deposits arising out of the rental income or any other past savings in the absence of any documentary evidences provided for the same, even before us. Further we also notice from the Income Tax Returns submitted by the assessee, rental income is being adjusted against the interest payment on the housing loans. We are therefore of the considered view that

INDIRA VOONA,VISAKHAPATNAM vs. THE INCOME TAX OFFICER, TDS WARD 1, , VISAKHAPATNAM

In the result, appeal of the assessee is allowed

ITA 268/VIZ/2023[2015-16]Status: DisposedITAT Visakhapatnam25 Sept 2024AY 2015-16

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A. No. 244/Viz/2023 (निर्धारण वर्ा/ Assessment Year: 2017-18) Indira Voona V. Income Tax Officer – Ward 3(1) Visakhapatnam Plot No. 24, Sector 12 Mvp Colony, Visakhapatnam – 530017 Andhra Pradesh [Pan: Aewpv1518E] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A. No. 268/Viz/2023 (निर्धारण वर्ा/ Assessment Year: 2015-16) Income Tax Officer – Tds Ward -1 Indira Voona V. Visakhapatnam Plot No. 24, Sector 12 Mvp Colony, Visakhapatnam – 530017 Andhra Pradesh [Pan: Aewpv1518E] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

Section 143(2)Section 143(3)Section 250Section 69A

deposits arising out of the rental income or any other past savings in the absence of any documentary evidences provided for the same, even before us. Further we also notice from the Income Tax Returns submitted by the assessee, rental income is being adjusted against the interest payment on the housing loans. We are therefore of the considered view that

SHRI BHANU PRABHAKAR SRIRAMANENI,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), VIJAYAWADA

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

ITA 418/VIZ/2024[2014-15]Status: DisposedITAT Visakhapatnam15 May 2025AY 2014-15

Bench: Shri Ravish Sood, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.No.418/Viz/2024 (निर्धारण वर्ा/ Assessment Year: 2014-15) Bhanu Prabhakar Sriramaneni V. Acit – Circle – 2(1) 29-14-53A Cr Building, 1St Floor Prakasam Road M.G. Road, Vijayawada Andhra Pradesh Suryaraopet, Vijayawada – 520002 Andhra Pradesh [Pan:Abppb1613C] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) करदाता का प्रतत तितित्व/ Assessee Represented By : Shri C. Subrahmanyam, Ca राजस्व का प्रतततितित्व/ Department Represented By : Dr. Aparna Villuri, Sr. Ar

Section 142(1)Section 144Section 144BSection 147Section 148Section 250Section 68

Housing Finance of Rs. 1,00,00,000/- and unsecured loans from 17 persons of Rs.1,90,00,000/-. The case was subsequently, reopened under section 147 of the Act for the reason for verifying the source of unsecured loans and thereafter notice under section 148 of the Act was issued on 31.03.2021 and served on the assessee. Since assessee

HARESH KUMAR LALWANI,VIZIANAGARAM vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX-1, VISHAKHAPATNAM

In the result, appeal of the assessee is allowed

ITA 264/VIZ/2025[2021-22]Status: DisposedITAT Visakhapatnam17 Jun 2025AY 2021-22

Bench: Shri V. Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A. No.264/Viz/2025 (निर्धारण वर्ा/ Assessment Year: 2021-22) Haresh Kumar Lalwani V. Pr.Cit -1 22-1-22, Ambati Satram Junction Aayakar Bhavan, Daba Gardens Vizianagaram – 535002 Visakhapatnam – 530020 Andhra Pradesh Andhra Pradesh [Pan: Aaqpt9248P] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

Section 143(3)Section 263Section 56(2)(x)Section 69A

house property of Rs. 3,26,665/-. Subsequently, the case of the assessee was selected for scrutiny in respect of cash deposits

K V RAMARAO,UNDI vs. THE ACIT, CENTERAL CIRCLE-2, RAJAHMUNDRY

In the result, appeals of the assessee are allowed for statistical purpose

ITA 112/VIZ/2022[2012-2013]Status: DisposedITAT Visakhapatnam23 Aug 2022AY 2012-2013

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.112/Viz/2022 To 117/Viz/2022 (ननधधारण वर्ा / Assessment Year : 2012-13 To 2017-18) K.V.Rama Rao Vs. Asst.Commissioner Of D.No.13-26, Kondrothupeta, Undi Income Tax West Godavari Dist. Central Circle-2 [Pan : Annpk7628N] Rajahmundry (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

For Appellant: Shri G.V.N.HariFor Respondent: Shri M.N.Murthy Naik, CIT(DR)
Section 132Section 133ASection 143(1)Section 143(3)Section 153ASection 69

cash and investment in purchase of land remained undisclosed and unexplained. It is also observed that the deposits in the bank account and investments in immovable property are much more than the income returned by the assessee. The Ld.CIT(A) further observed that there is no co-relation between the investments made and income declared in the returns. The income