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10 results for “house property”+ Demonetizationclear

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Key Topics

Section 143(3)18Section 69A13Cash Deposit10Section 143(2)9Demonetization9Section 2507Addition to Income7House Property6Section 115B5

MANPREET SINGH LAMBA,VIJAYAWADA vs. INCOME TAX OFFICER, WARD-3(3), VIJAYAWADA

ITA 292/VIZ/2024[2017-18]Status: DisposedITAT Visakhapatnam06 Sept 2024AY 2017-18

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A. No. 292/Viz/2024 (निर्धारण वर्ा/ Assessment Year: 2017-18) Manpreet Singh Lamba V. Income Tax Officer – Ward-3(3) 54-20-212, Jawahar Auto Nagar Central Revenue Buildings Iind Cross Road Bandar Road Vijayawada – 520007 Vijayawada – 520002 Ntr District, Andhra Pradesh [Pan: Aampl1721D] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

Section 143(3)

house property, business or profession and other sources. Assessee filed his return of income for the A.Y. 2017-18 on 29.11.2017 declaring income of Rs 9,65,790/-. The case was selected for limited scrutiny through CASS with a reason to verify "Capital gains on sale of property and Cash deposit during demonetization

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 Visakhapatnam
Unexplained Money4
Section 142(1)3
Section 143(1)2
25 Jul 2024
AY 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

demonetization period, the Ld. AO observed 4 that he has left with no other option except to complete the assessment U/s. 144 of the Act ie., best judgment. Accordingly, the Ld. AO completed the assessment by determining the total income at Rs. 35,82,175/- which includes (i) income from house property

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 and since it did not materialize, subsequent to announcement of demonetization, the assessee deposited the cash into the bank account. The Ld. AO observed that the assessee while filing his return of income has accepted this fact of depositing Rs. 90 lakhs into the NRO account. However, 3 considering that assessee gave contradictory statements regarding withdrawal of amount from

MADDI SUDRASHAN RAO,CHILAKAURIPET vs. INCOME TAX OFFICER, WARD-1(2), GUNTUR

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

ITA 248/VIZ/2024[2017-18]Status: DisposedITAT Visakhapatnam05 Dec 2024AY 2017-18

Bench: Shri K.Narasimha Chary & Shri S. Balakrishnan

For Appellant: Shri GVN Hari, ARFor Respondent: Dr. AparnaVilluri, Sr. AR
Section 115BSection 143(2)Section 143(3)Section 250Section 69A

house property, income from salary and income from other sources. The assessee filed his return of income for the AY 2017-18 on 24/11/2017 declaring total taxable income of Rs. NIL. Subsequently, the case was selected for scrutiny under CASS to verify “cash deposits during demonetization

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 during demonetization

GUNISETTY SUDHARANI,VISAKHAPATNAM vs. INCOME TAX OFFICER, WARD-4(2), VISAKHAPATNAM

In the result, appeal filed by the assessee is allowed

ITA 187/VIZ/2024[2017-18]Status: HeardITAT Visakhapatnam14 Aug 2024AY 2017-18

Bench: Shri Duvvuru Rl Reddy, Hon’Bleआयकरअपीलसं./ I.T.A. No.187/Viz/2024 िनधा"रणवष"/ Assessment Year : 2017-18 Gunisetty Sudha Rani, Vs. Income Tax Officer, D.No. 5-156, Main Road, Ward-4(2), Gopalapatnam, Visakhapatnam, Visakhapatnam. Andhra Pradesh – 530027. Pan: Antpg7996D (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Appellant By : Sri Gvn Hari, Ar ""याथ" क" ओर से / Respondent By : Dr. Aparna Villuri, Sr. Ar सुनवाई क" तारीख / Date Of Hearing : 11/06/2024 घोषणा क" तारीख/Date Of : 14/08/2024 Pronouncement O R D E R

For Appellant: Sri GVN Hari, ARFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 69

demonetization period. Further, on perusal of the material available before him and also after going through the assessee’s submissions with respect to the various queries raised by the Ld. AO during the assessment proceedings, the Ld. AO completed the assessment and determined the total income as under: 3 Income from House property

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, but has failed to explain the continuous cash deposits

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

demonetization period. Later on, the amount was given as loan to Smt. Voonna Sasikala. The Ld. AR further submitted that in support of the assessee’s contention, the assessee has also furnished the sale deed – cum – GPA for Rs. 10,41,000/- on sale of 1041 sq yds Satyavaram Village. Further, the assessee has also submitted the affidavit from Shri

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

demonetization period aggregating to Rs. 17,86,000/- as unexplained money under section 69A of the Act. 6. On being aggrieved by the order of the Ld.AO, assessee filed an appeal before Ld. CIT(A). Before Ld. CIT(A), assessee made same submissions as was made before Ld.AO. Ld. CIT(A) dismissed the appeal of the assessee stating 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

demonetization period aggregating to Rs. 17,86,000/- as unexplained money under section 69A of the Act. 6. On being aggrieved by the order of the Ld.AO, assessee filed an appeal before Ld. CIT(A). Before Ld. CIT(A), assessee made same submissions as was made before Ld.AO. Ld. CIT(A) dismissed the appeal of the assessee stating that