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71 results for “house property”+ Section 151clear

Sorted by relevance

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Key Topics

Section 148117Section 153C107Section 143(3)57Addition to Income40Section 143(2)34Section 14729Condonation of Delay27Section 13225Section 153A

GOWTHAM RESIDENTIAL JUNIOR COLLEGE,VIJAYAWADA vs. ACIT, CENTRAL CIRCLE, VIJAYAWADA

In the result, appeals of the assessee are allowed

ITA 25/VIZ/2022[2017-18]Status: DisposedITAT Visakhapatnam24 Jun 2025AY 2017-18

Bench: Shri Ravish Sood, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.Nos.25 & 26/Viz/2022 (निर्धारण वर्ा/ Assessment Years: 2017-18 & 2013-14) Gowtham Residential Junior College V. Asst. Cit-Central Circle Vijayawada 1-87, Gudavalli Village Gudavalli, Vijayawada – 521104 Andhra Pradesh [Pan: Aaefg4399L] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

Section 255(4)

section 28(i).0f the Income Tax Act, 1961- Income from house property-chargeable us (Business income v. Property Income) Assessment years 2004-05, 2005-06, 2007-08 and 2008-09 - High Court by impugned order held that where assessee was not engaged in any business activity, rental income earned from letting out commercial complex would be assessed as income

GOWTHAM RESIDENTIAL JUNIOR COLLEGE,VIJAYAWADA vs. ACIT, CENTRAL CIRCLE, VIJAYAWADA

In the result, appeals of the assessee are allowed

Showing 1–20 of 71 · Page 1 of 4

24
Disallowance16
House Property14
Undisclosed Income14
ITA 26/VIZ/2022[2013-14]Status: Disposed
ITAT Visakhapatnam
24 Jun 2025
AY 2013-14

Bench: Shri Ravish Sood, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.Nos.25 & 26/Viz/2022 (निर्धारण वर्ा/ Assessment Years: 2017-18 & 2013-14) Gowtham Residential Junior College V. Asst. Cit-Central Circle Vijayawada 1-87, Gudavalli Village Gudavalli, Vijayawada – 521104 Andhra Pradesh [Pan: Aaefg4399L] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

Section 255(4)

section 28(i).0f the Income Tax Act, 1961- Income from house property-chargeable us (Business income v. Property Income) Assessment years 2004-05, 2005-06, 2007-08 and 2008-09 - High Court by impugned order held that where assessee was not engaged in any business activity, rental income earned from letting out commercial complex would be assessed as income

VEERAREDDY GOGULA,GUNTUR vs. INCOME TAX OFFICER, WARD-2(1), GUNTUR

In the result, all the 4 appeals of the assessee are allowed

ITA 216/VIZ/2024[2016-17]Status: DisposedITAT Visakhapatnam13 May 2025AY 2016-17

Bench: Shri Vijay Pal Rao, Vice-A N D Shri S. Balakrishnanappeal No. Assessee Respondent A.Y 209/Viz/2024 Konda Srinivasa Income Tax Officer 2016-17 Reddy, Guntur, Ward 2(1) Pan:Aafhk9821E Guntur 216/Viz/2024 Veerareddy Gogula - Do - -Do- Guntur Pan:Byapg6481J - Do - 217/Viz/2024 Swarajyam -Do- Dontireddy Guntur Pan:Cmmpd3393K - Do - 218/Viz/2024 Vijaya Lakshmi -Do- Ravula, Guntur Pan:Baopr0163G

For Appellant: Shri C. Subrahmanyam, CAFor Respondent: : Shri Satyasai Rath, DR
Section 143(2)Section 143(3)Section 147Section 148Section 151Section 2(47)Section 263Section 53A

151 of the Act. Vide notice u/s 148 of the Act, dated 22/03/2021, the assessee was required to file his return of income for the year under consideration within 30 days from the receipt of the notice. The assessee filed income tax return in response to notice u/s 148 on 07/04/2021 however, the return was validated by the assessee only

SWARAJYAM DONTIREDDY,GUNTUR vs. INCOME TAX OFFICER, WARD-2(1), GUNTUR

In the result, all the 4 appeals of the assessee are allowed

ITA 217/VIZ/2024[2016-17]Status: DisposedITAT Visakhapatnam13 May 2025AY 2016-17

Bench: Shri Vijay Pal Rao, Vice-A N D Shri S. Balakrishnanappeal No. Assessee Respondent A.Y 209/Viz/2024 Konda Srinivasa Income Tax Officer 2016-17 Reddy, Guntur, Ward 2(1) Pan:Aafhk9821E Guntur 216/Viz/2024 Veerareddy Gogula - Do - -Do- Guntur Pan:Byapg6481J - Do - 217/Viz/2024 Swarajyam -Do- Dontireddy Guntur Pan:Cmmpd3393K - Do - 218/Viz/2024 Vijaya Lakshmi -Do- Ravula, Guntur Pan:Baopr0163G

For Appellant: Shri C. Subrahmanyam, CAFor Respondent: : Shri Satyasai Rath, DR
Section 143(2)Section 143(3)Section 147Section 148Section 151Section 2(47)Section 263Section 53A

151 of the Act. Vide notice u/s 148 of the Act, dated 22/03/2021, the assessee was required to file his return of income for the year under consideration within 30 days from the receipt of the notice. The assessee filed income tax return in response to notice u/s 148 on 07/04/2021 however, the return was validated by the assessee only

VIJAYA LAKSHMI RAVULA,GUNTUR vs. INCOME TAX OFFICER, WARD-2(1), GUNTUR

In the result, all the 4 appeals of the assessee are allowed

ITA 218/VIZ/2024[2016-17]Status: DisposedITAT Visakhapatnam13 May 2025AY 2016-17

Bench: Shri Vijay Pal Rao, Vice-A N D Shri S. Balakrishnanappeal No. Assessee Respondent A.Y 209/Viz/2024 Konda Srinivasa Income Tax Officer 2016-17 Reddy, Guntur, Ward 2(1) Pan:Aafhk9821E Guntur 216/Viz/2024 Veerareddy Gogula - Do - -Do- Guntur Pan:Byapg6481J - Do - 217/Viz/2024 Swarajyam -Do- Dontireddy Guntur Pan:Cmmpd3393K - Do - 218/Viz/2024 Vijaya Lakshmi -Do- Ravula, Guntur Pan:Baopr0163G

For Appellant: Shri C. Subrahmanyam, CAFor Respondent: : Shri Satyasai Rath, DR
Section 143(2)Section 143(3)Section 147Section 148Section 151Section 2(47)Section 263Section 53A

151 of the Act. Vide notice u/s 148 of the Act, dated 22/03/2021, the assessee was required to file his return of income for the year under consideration within 30 days from the receipt of the notice. The assessee filed income tax return in response to notice u/s 148 on 07/04/2021 however, the return was validated by the assessee only

KONDA SRINIVASA REDDY,GUNTUR vs. INCOME TAX OFFICER, WARD-2(1), GUNTUR

In the result, all the 4 appeals of the assessee are allowed

ITA 209/VIZ/2024[2016-17]Status: DisposedITAT Visakhapatnam13 May 2025AY 2016-17

Bench: Shri Vijay Pal Rao, Vice-A N D Shri S. Balakrishnanappeal No. Assessee Respondent A.Y 209/Viz/2024 Konda Srinivasa Income Tax Officer 2016-17 Reddy, Guntur, Ward 2(1) Pan:Aafhk9821E Guntur 216/Viz/2024 Veerareddy Gogula - Do - -Do- Guntur Pan:Byapg6481J - Do - 217/Viz/2024 Swarajyam -Do- Dontireddy Guntur Pan:Cmmpd3393K - Do - 218/Viz/2024 Vijaya Lakshmi -Do- Ravula, Guntur Pan:Baopr0163G

For Appellant: Shri C. Subrahmanyam, CAFor Respondent: : Shri Satyasai Rath, DR
Section 143(2)Section 143(3)Section 147Section 148Section 151Section 2(47)Section 263Section 53A

151 of the Act. Vide notice u/s 148 of the Act, dated 22/03/2021, the assessee was required to file his return of income for the year under consideration within 30 days from the receipt of the notice. The assessee filed income tax return in response to notice u/s 148 on 07/04/2021 however, the return was validated by the assessee only

PALLA SIMHACHALAM (HUF),VISAKHAPATNAM vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-5(1), VISAKHAPATNAM

In the result, all the appeals of the assessee are allowed

ITA 534/VIZ/2019[2012-13]Status: DisposedITAT Visakhapatnam16 Aug 2022AY 2012-13

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

For Appellant: Sri I. Kama Sastry, CAFor Respondent: Sri MN Murthy Naik, CIT-DR
Section 132Section 143(2)Section 153CSection 153D

house property. 3. All the above grounds of appeal are mutually exclusive and without prejudice to one another. 4. The appellant craves leave to add to, amend, alter, delete all or any of the above grounds of appeal.” 4. The Ld. Authorized Representative [Ld. AR] before us raised additional ground as below: “On the facts and in the circumstances

PALLA SIMHACHALAM (HUF),VISAKHAPATNAM vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-5(1), VISAKHAPATNAM

In the result, all the appeals of the assessee are allowed

ITA 532/VIZ/2019[2011-12]Status: DisposedITAT Visakhapatnam16 Aug 2022AY 2011-12

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

For Appellant: Sri I. Kama Sastry, CAFor Respondent: Sri MN Murthy Naik, CIT-DR
Section 132Section 143(2)Section 153CSection 153D

house property. 3. All the above grounds of appeal are mutually exclusive and without prejudice to one another. 4. The appellant craves leave to add to, amend, alter, delete all or any of the above grounds of appeal.” 4. The Ld. Authorized Representative [Ld. AR] before us raised additional ground as below: “On the facts and in the circumstances

PALLA SIMHACHALAM (HUF),VISAKHAPATNAM vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-5(1), VISAKHAPATNAM

In the result, all the appeals of the assessee are allowed

ITA 535/VIZ/2019[2013-14]Status: DisposedITAT Visakhapatnam16 Aug 2022AY 2013-14

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

For Appellant: Sri I. Kama Sastry, CAFor Respondent: Sri MN Murthy Naik, CIT-DR
Section 132Section 143(2)Section 153CSection 153D

house property. 3. All the above grounds of appeal are mutually exclusive and without prejudice to one another. 4. The appellant craves leave to add to, amend, alter, delete all or any of the above grounds of appeal.” 4. The Ld. Authorized Representative [Ld. AR] before us raised additional ground as below: “On the facts and in the circumstances

PALLA SIMHACHALAM (HUF),VISAKHAPATNAM vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-5(1), VISAKHAPATNAM

In the result, all the appeals of the assessee are allowed

ITA 533/VIZ/2019[2009-10]Status: DisposedITAT Visakhapatnam16 Aug 2022AY 2009-10

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

For Appellant: Sri I. Kama Sastry, CAFor Respondent: Sri MN Murthy Naik, CIT-DR
Section 132Section 143(2)Section 153CSection 153D

house property. 3. All the above grounds of appeal are mutually exclusive and without prejudice to one another. 4. The appellant craves leave to add to, amend, alter, delete all or any of the above grounds of appeal.” 4. The Ld. Authorized Representative [Ld. AR] before us raised additional ground as below: “On the facts and in the circumstances

BOMMANA RAJKUMAR,RAJAHMUNDRY vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, RAJAHMUNDRY

In the result, appeal of the assessee in (i)

ITA 546/VIZ/2018[2012-13]Status: DisposedITAT Visakhapatnam08 Nov 2019AY 2012-13

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.546-548/Viz/2018 (ननधधारण वर्ा/Assessment Year : 2012-13 To 2014-15) Bommana Rajkumar Vs. Asst.Commissioner Of Prop. M/S Bommana Rajkumar & Co Income Tax Main Road Central Circle Rajahmundry Rajahmundry [Pan : Abkpr3836J] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar प्रत्यधथी की ओर से / Respondent By : Shri D.K.Sonowal, Cit, Dr सुनवधई की तधरीख / Date Of Hearing : 31.10.2019 घोर्णध की तधरीख/Date Of Pronouncement : 08.11.2019 आदेश /O R D E R

For Appellant: Shri G.V.N.Hari, ARFor Respondent: Shri D.K.Sonowal, CIT, DR
Section 143(2)Section 153CSection 57

house property and textile cloth business. He filed the return of income admitting total income of Rs.15,46,013/- for the A.Y.2012-13 on 30.09.2012. Subsequently, search and seizure operations wee conducted in 3 I.T.A. No.546-548/Viz/2018, A.Y.2012-13 to 2014-15 Bommana Rajkumar, Rajahmundry the case of M/s G.S.L.Educational Society, Rajahmundry( ‘society’ in short) on 25.07.2013. During the course of search

BOMMANA RAJKUMAR,RAJAHMUNDRY vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, RAJAHMUNDRY

In the result, appeal of the assessee in (i)

ITA 547/VIZ/2018[2013-14]Status: DisposedITAT Visakhapatnam08 Nov 2019AY 2013-14

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.546-548/Viz/2018 (ननधधारण वर्ा/Assessment Year : 2012-13 To 2014-15) Bommana Rajkumar Vs. Asst.Commissioner Of Prop. M/S Bommana Rajkumar & Co Income Tax Main Road Central Circle Rajahmundry Rajahmundry [Pan : Abkpr3836J] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar प्रत्यधथी की ओर से / Respondent By : Shri D.K.Sonowal, Cit, Dr सुनवधई की तधरीख / Date Of Hearing : 31.10.2019 घोर्णध की तधरीख/Date Of Pronouncement : 08.11.2019 आदेश /O R D E R

For Appellant: Shri G.V.N.Hari, ARFor Respondent: Shri D.K.Sonowal, CIT, DR
Section 143(2)Section 153CSection 57

house property and textile cloth business. He filed the return of income admitting total income of Rs.15,46,013/- for the A.Y.2012-13 on 30.09.2012. Subsequently, search and seizure operations wee conducted in 3 I.T.A. No.546-548/Viz/2018, A.Y.2012-13 to 2014-15 Bommana Rajkumar, Rajahmundry the case of M/s G.S.L.Educational Society, Rajahmundry( ‘society’ in short) on 25.07.2013. During the course of search

BOMMANA RAJKUMAR,RAJAHMUNDRY vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, RAJAHMUNDRY

In the result, appeal of the assessee in (i)

ITA 548/VIZ/2018[2014-15]Status: DisposedITAT Visakhapatnam08 Nov 2019AY 2014-15

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.546-548/Viz/2018 (ननधधारण वर्ा/Assessment Year : 2012-13 To 2014-15) Bommana Rajkumar Vs. Asst.Commissioner Of Prop. M/S Bommana Rajkumar & Co Income Tax Main Road Central Circle Rajahmundry Rajahmundry [Pan : Abkpr3836J] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar प्रत्यधथी की ओर से / Respondent By : Shri D.K.Sonowal, Cit, Dr सुनवधई की तधरीख / Date Of Hearing : 31.10.2019 घोर्णध की तधरीख/Date Of Pronouncement : 08.11.2019 आदेश /O R D E R

For Appellant: Shri G.V.N.Hari, ARFor Respondent: Shri D.K.Sonowal, CIT, DR
Section 143(2)Section 153CSection 57

house property and textile cloth business. He filed the return of income admitting total income of Rs.15,46,013/- for the A.Y.2012-13 on 30.09.2012. Subsequently, search and seizure operations wee conducted in 3 I.T.A. No.546-548/Viz/2018, A.Y.2012-13 to 2014-15 Bommana Rajkumar, Rajahmundry the case of M/s G.S.L.Educational Society, Rajahmundry( ‘society’ in short) on 25.07.2013. During the course of search

INCOME TAX OFFICER, WARD-2(1), VIJAYAWADA vs. AHMED EJAZ, VIJAYAWADA

In the result, appeal filed by the Revenue is dismissed

ITA 462/VIZ/2024[2017-18]Status: DisposedITAT Visakhapatnam07 Mar 2025AY 2017-18

Bench: Shri K Narasimha Chary, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. 462/Viz/2024 (ननधधारण वर्ा / Assessment Year : 2017-18) Income Tax Officer, Vs. Ahmed Ejaz, Ward-2(1), Vijayawada. Vijayawada. Pan: Aakpe6675R (अपीलधथी/ Appellant) (प्रत्यथी/ Respondent) अपीलधथी की ओर से/ Assessee By : Sri Mv Prasad, Ar प्रत्यधथी की ओर से / Revenue By : Dr. Aparna Villuri, Sr. Ar

For Appellant: Sri MV Prasad, ARFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 143(3)Section 153C

property. 4. The Ld. CIT(A) erred in allowing additional legal grounds of appeal at later stage of appeal proceedings without considering the fact that the assessee never questioned the legality of non-issuance of notice U/s. 153C of the Act during the course of assessment proceedings. 5. The Ld. CIT(A) erred in allowing the appeal of the assessee

SATYANARAYANA KODURU,KRISHNA DIST vs. INCOME TAX OFFICER, WARD-1, GUDIWADA

In the result, the appeal filed by the assessee is allowed in terms of our aforesaid observations

ITA 491/VIZ/2025[2016-17]Status: DisposedITAT Visakhapatnam05 Dec 2025AY 2016-17

Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.491/Viz/2025 (िनधा"रण वष"/Assessment Year: 2016-17) Satyanarayana Koduru, Vs. Income Tax Officer, Krishna District. Ward-1, Pan:Altpk1048C Gudiwada. (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Shri C. Subrahmanyam, Ca राज" व "ारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई की तारीख/Date Of 02/12/2025 Hearing: घोषणा की तारीख/Date Of 05/12/2025 Pronouncement: आदेश / Order Per. Ravish Sood, Jm :

For Appellant: Shri C. Subrahmanyam, CAFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 144BSection 147Section 148Section 148ASection 250Section 69Section 69A

property of Rs.59,84,000/-; (ii) addition under section 69 of the Act in respect of the registration charges and stamp duty of Rs.4,48,700/-; (iii) addition under section 69A of the Act of unexplained cash deposits in bank account: Rs.32,30,000/-; (iv) addition of undisclosed salary received from NHAI: Rs.17,62,155/-; (v) 4 Satyanarayana Koduru

KAMALA DEVI,,KAKINADA vs. THE ACIT,, RAJAHMUNDRY

In the result, all the appeals filed by the assessee are allowed

ITA 114/VIZ/2017[2006-2007]Status: DisposedITAT Visakhapatnam03 Aug 2018AY 2006-2007

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble

For Appellant: ShriP. Prabhakara Murthy –AdvFor Respondent: ShriDeba Kumar Sonawal, CIT DR
Section 132Section 143(2)Section 143(3)Section 153C

property of the said 985 sq.yards where a building consisting of flats under the name Rajendra towers which is under construction. We have no right or title to the said 985 sq.yards. 11. Careful scrutiny of the letter dated 08/10/2006 shows that the letter is with regard to the purchase of house site on 05/02/2004 requesting the Municipal Commissioner

KAMALA DEVI,,KAKINADA vs. THE ACIT,, RAJAHMUNDRY

In the result, all the appeals filed by the assessee are allowed

ITA 113/VIZ/2017[2005-2006]Status: DisposedITAT Visakhapatnam03 Aug 2018AY 2005-2006

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble

For Appellant: ShriP. Prabhakara Murthy –AdvFor Respondent: ShriDeba Kumar Sonawal, CIT DR
Section 132Section 143(2)Section 143(3)Section 153C

property of the said 985 sq.yards where a building consisting of flats under the name Rajendra towers which is under construction. We have no right or title to the said 985 sq.yards. 11. Careful scrutiny of the letter dated 08/10/2006 shows that the letter is with regard to the purchase of house site on 05/02/2004 requesting the Municipal Commissioner

KAMALA DEVI,,KAKINADA vs. THE ACIT,, RAJAHMUNDRY

In the result, all the appeals filed by the assessee are allowed

ITA 115/VIZ/2017[2007-2008]Status: DisposedITAT Visakhapatnam03 Aug 2018AY 2007-2008

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble

For Appellant: ShriP. Prabhakara Murthy –AdvFor Respondent: ShriDeba Kumar Sonawal, CIT DR
Section 132Section 143(2)Section 143(3)Section 153C

property of the said 985 sq.yards where a building consisting of flats under the name Rajendra towers which is under construction. We have no right or title to the said 985 sq.yards. 11. Careful scrutiny of the letter dated 08/10/2006 shows that the letter is with regard to the purchase of house site on 05/02/2004 requesting the Municipal Commissioner

LALITHA DEVI,,KAKINADA vs. THE ACIT,, RAJAHMUNDRY

In the result, the appeals filed by the assessee in ITA

ITA 111/VIZ/2017[2007-2008]Status: DisposedITAT Visakhapatnam04 Apr 2018AY 2007-2008

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

For Appellant: Shri P. Prabhakara MurthyFor Respondent: Shri Deba Kumar Sonowal
Section 132Section 153CSection 54F

house. It is also seen that the appellant and other group members have contested in capital gains claim u/s.54F as well as loans obtained from various persons. These two items have direct bearing on the income of the appellant. In view of the facts discussed above, I consider that the Assessing Officer has correctly assumed jurisdiction u/s.153C. Further, the appellant

LALITHA DEVI,,KAKINADA vs. THE ACIT,, RAJAHMUNDRY

In the result, the appeals filed by the assessee in ITA

ITA 112/VIZ/2017[2008-2009]Status: DisposedITAT Visakhapatnam04 Apr 2018AY 2008-2009

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

For Appellant: Shri P. Prabhakara MurthyFor Respondent: Shri Deba Kumar Sonowal
Section 132Section 153CSection 54F

house. It is also seen that the appellant and other group members have contested in capital gains claim u/s.54F as well as loans obtained from various persons. These two items have direct bearing on the income of the appellant. In view of the facts discussed above, I consider that the Assessing Officer has correctly assumed jurisdiction u/s.153C. Further, the appellant