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

In the result, appeals of the assessee are allowed

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 142(1) of the Act dated 12.06.2019 was issued calling for certain information from the assessee. As there was no compliance from the assessee, Ld. AO issued a show-cause notice dated 24.09.2019 requesting the assessee to show cause why the rent received cannot be charged to tax as “Income from House Property”. The assessee responded belatedly

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

In the result, appeals of the assessee are allowed

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 142(1) of the Act dated 12.06.2019 was issued calling for certain information from the assessee. As there was no compliance from the assessee, Ld. AO issued a show-cause notice dated 24.09.2019 requesting the assessee to show cause why the rent received cannot be charged to tax as “Income from House Property”. The assessee responded belatedly

SITA RAMA RAJU SAGI,BHIMAVARAM vs. ITO WARD 1 BHIMAVARAM, BHIMAVARAM

In the result, appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.154/Viz/2025 (धनिाारण िर्ा / Assessment Year : 2020-21) Sita Rama Raju Sagi, Vs. Income Tax Officer, Bhimavaram – 534202. Ward-1, Pan: Egapa3925J Bhimavaram. (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलार्थी की ओर से/ Assessee By : Mrs. Hema Latha K, Ca प्रत्यार्थी की ओर से / Revenue By : Dr. Satyasai Rath, Cit-Dr सुनिाई की तारीख / Date Of Hearing : 30/04/2025 घोर्णा की तारीख/Date Of : 20/05/2025 Pronouncement O R D E R

section 263 of the Act. 5. The contention of the Ld. PCIT while passing the subject order U/s. 263 of the Act that Ld. AO allowed the house property loss to be carried forward without making any enquiry or examination on the issue from his side is erroneous and factually misplaced since Ld. AO made enquiries called for the details

ARABOLU VENKATA NAGA DEEPATHI REPRESENTED BY POWER OF ATTORNEY HOLDER, N. SATYARAMANUJAMM ,VISAKHAPATNAM vs. INCOME TAX OFFICER(INTERNATIONAL TAXATION), VISAKHAPATNAM

In the result, the appeal fails and the same is hereby dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.178/Viz/2018 (ननधधारण वर्ा/ Assessment Year : 2010-11) Smt.Arabolu Venkata Naga Deepthi Vs. Income Tax Officer Rep. By Power Of Attorney Holder (International Taxation) Smt. N.Satyaramanujam Visakhapatnam Flat No.403, Dhanna Apartments Seethammadhara Visakhapatnam [Pan : Atcpa6413A] (अपीलाथी/ Appellant) (प्रत्यथी/ Respondent)

66[two years] after the date on which the transfer took place purchased, or has within a period of three years after that date constructed, a residential house (hereafter in this section referred to as the new asset), the capital gain shall be dealt with in accordance with the following provisions of this section, that

NATTA SURYA RAO,TANUKU vs. THE INCOME TAX OFFICER, WARD-1, TANUKU

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.404/Viz/2019 (ननधधारण वर्ा/Assessment Year : 2009-10) Natta Suryarao Vs. Income Tax Officer S/O Late Manganna Ward-1 D.No.2-20-5 Tanuku Ambati Vari Street Old Town, Tanuku [Pan :Ahrpn 9648M] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri.Y.Ratnakar, Ar प्रत्यधथी की ओर से / Respondent By : Smt.Suman Malik, Dr सुनवधई की तधरीख / Date Of Hearing : 05.09.2019 घोर्णध की तधरीख/Date Of Pronouncement : 04 .10.2019 आदेश /O R D E R

properties in nine documents for a consideration of Rs.36,26,500/-, with a market value of Rs.40,01,000/- and claimed the deduction u/s 54F of the Act. The AO issued show cause notice asking the assessee, as to why the sale consideration should not be treated as income under the head ‘business ’ as per provisions of section

SMT. T.V. PADMAVATHI,,VIJAYAWADA vs. THE ITO,, VIJAYAWADA

In the result, the appeal of the assessee is dismissed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.351/Viz/2016 (धििाारण िर्ा/ Assessment Year: 2012-2013) Smt.T.V.Padmavathi Vs. Income Tax Officer 40-15-11, Flat No.3 Ward-2(2) Sudha Apartments Vijayawada Greenland Hotel Road Vijayawada – 520 010 [Pan : Acxpt4644C] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

house property of Rs.1,26,000/-and the income from capital gains on sale of property of Rs.72,44,190/- and claimed the set off of business loss relating to the interest charged on debit balances by M/s ABC Engineering Works amounting to Rs.82,94,468/- and arrived at the Nil income. The issue involved in this appeal

THE ACIT, CIRCLE-1(1),, VISAKHAPATNAM vs. A.VENKATA MONISH SAMARENDRA ROW, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No. 684/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Smt.Ankitham Jagga Row Indrani Vs. Income Tax Officer C/O M/S A.V.Bhanoji Row Ward-1(1) G.P.Ramayya & Co., Port Area Visakhapatnam Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No. 685/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Sri A.Venkata Monish Samarendra Vs. Asst.Commissioner Of Row Income Tax D.No.10-28-4/31, Flat No.P-2 Circle-1(1) Deepanjali, Waltair Uplands Visakhapatnam Siripuram, Visakhapatnam [Pan :Acvpa 4899A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.692/Viz/2013) (निर्धारण वर्ा/Assessment Year : 2010-11) Income Tax Officer Vs. Smt. Ankitham Jagga Row Ward-1(1) Indrani Visakhapatnam D.No.10-28-4/31P-2 Deepanjali Waltair Uplands, Siripuram Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

66,667/- (4.79,00,000 x 1/3) Less Cost of Acquisition : 8210 Rs.1,03,77,440/- 4 I.T.A. No. 684 & 685/Viz/2013, 692/Viz/2013 and 693/Viz/2013, A.Y.2010-11 Smt.Ankitham Indrani Jagga Rao and Shri A.Venkata Monish Samarendra Row, Visakhapatnam sq.yards @200 = 16,42,000 (Market value taken @200 per square yard as on 1.4.1981. Therefore indexed cost of acquisition

THE ITO, WARD-1(1),, VISAKHAPATNAM vs. SMT. ANKITHAM INDRANI JAGGA ROW,, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No. 684/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Smt.Ankitham Jagga Row Indrani Vs. Income Tax Officer C/O M/S A.V.Bhanoji Row Ward-1(1) G.P.Ramayya & Co., Port Area Visakhapatnam Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No. 685/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Sri A.Venkata Monish Samarendra Vs. Asst.Commissioner Of Row Income Tax D.No.10-28-4/31, Flat No.P-2 Circle-1(1) Deepanjali, Waltair Uplands Visakhapatnam Siripuram, Visakhapatnam [Pan :Acvpa 4899A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.692/Viz/2013) (निर्धारण वर्ा/Assessment Year : 2010-11) Income Tax Officer Vs. Smt. Ankitham Jagga Row Ward-1(1) Indrani Visakhapatnam D.No.10-28-4/31P-2 Deepanjali Waltair Uplands, Siripuram Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

66,667/- (4.79,00,000 x 1/3) Less Cost of Acquisition : 8210 Rs.1,03,77,440/- 4 I.T.A. No. 684 & 685/Viz/2013, 692/Viz/2013 and 693/Viz/2013, A.Y.2010-11 Smt.Ankitham Indrani Jagga Rao and Shri A.Venkata Monish Samarendra Row, Visakhapatnam sq.yards @200 = 16,42,000 (Market value taken @200 per square yard as on 1.4.1981. Therefore indexed cost of acquisition

ANKITHAM VENKATA MONISH SAMARENDRA ROW,VISAKHAPATNAM vs. THE ACIT, CIRCLE-1(1),, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No. 684/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Smt.Ankitham Jagga Row Indrani Vs. Income Tax Officer C/O M/S A.V.Bhanoji Row Ward-1(1) G.P.Ramayya & Co., Port Area Visakhapatnam Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No. 685/Viz/2013 (निर्धारण वर्ा/Assessment Year : 2010-11) Sri A.Venkata Monish Samarendra Vs. Asst.Commissioner Of Row Income Tax D.No.10-28-4/31, Flat No.P-2 Circle-1(1) Deepanjali, Waltair Uplands Visakhapatnam Siripuram, Visakhapatnam [Pan :Acvpa 4899A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.692/Viz/2013) (निर्धारण वर्ा/Assessment Year : 2010-11) Income Tax Officer Vs. Smt. Ankitham Jagga Row Ward-1(1) Indrani Visakhapatnam D.No.10-28-4/31P-2 Deepanjali Waltair Uplands, Siripuram Visakhapatnam [Pan :Afvpa3791G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

66,667/- (4.79,00,000 x 1/3) Less Cost of Acquisition : 8210 Rs.1,03,77,440/- 4 I.T.A. No. 684 & 685/Viz/2013, 692/Viz/2013 and 693/Viz/2013, A.Y.2010-11 Smt.Ankitham Indrani Jagga Rao and Shri A.Venkata Monish Samarendra Row, Visakhapatnam sq.yards @200 = 16,42,000 (Market value taken @200 per square yard as on 1.4.1981. Therefore indexed cost of acquisition

THE SRI GOWRI COOPERATIVE SOCIETY,VISAKHAPATNAM vs. PRINCIPAL COMMISSIONER OF INCOME TAX-1,, VISAKHAPATNAM

In the result, appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Blem/S. The Sri Gowri Vs. Pr.Cit-1, Co-Operative Society, Visakhapatnam. D.No.49-34-32/1, Konathala Complex, Akkayyapalem Main Road, Visakhapatnam. Pan No. Aaaat 8140 M (Appellant) (Respondent)

66 (I) ITCL 343 (Kar. HC)] and also by following the decision of the Hon'ble Andhra Pradesh High Court in the case of CIT Vs. Andhra Pradesh State Co-op Bank Ltd., (2011) 336 ITR 516 (AP) has held that interest earned on deposits by the assessee– cooperative society providing credit facilities to its members would qualify for deduction

SRI UMA KAMANDALESWARA CO - OPERATIVE RURAL BANK LTD.,ATHREYAPURAM vs. THE ADDL. CIT,, KAKINADA

In the result, appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Blesri Uma Kamandaleswara Vs. Addl.Cit, Kakinada Co-Op Rural Bank Ltd., Ryali, Range, Kakinada. Athreyapuram Mandalm, East Godavari District. Pan No. Aadas 4663 B (Appellant) (Respondent)

66 (I) ITCL 343 (Kar. HC)] and also by following the decision of the Hon'ble Andhra Pradesh High Court in the case of CIT Vs. Andhra Pradesh State Co-op Bank Ltd., (2011) 336 ITR 516 (AP) has held that interest earned on deposits by the assessee–cooperative society providing credit facilities to its members would qualify for deduction

NV VASANTHA RAO,,VISAKHAPATNAM vs. THE ITO,, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.72-76/Viz/2015 (धनधाारण िर्ा/Assessment Year:2007-08 To 2011-12 Respectively) N.V.Vasantha Rao Vs. Income Tax Officer D.No.30-6-19/A Ward-3(1) Opp: 2 Town P.S. Visakhapatnam Dabagardens Visakhapatnam [Pan :Aahpv0349Q] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलाथी की ओरसे/ Appellant By : Shri, I Kama Sastry, Ar प्रत्याथी की ओर से/ Respondent By : Shri, T.Satyanandham, Dr सुनिाई की तारीख / Date Of Hearing : 29.05.2018 06.06.2018 घोषणा की तारीख/Date Of Pronouncement :

house property at Dabagardens, 6. The 'earned Commissioner of Income Tax (Appeals) is not justified in confirming the addition of Rs8,012 made by the assessing officer towards dividend on chits. 7. The learned Commissioner of Income Tax (Appeals) is not justified in upholding the disallowance of depreciation amounting to Rs.33,975 made by the assessing officer

NV VASANTHA RAO,,VISAKHAPATNAM vs. THE ITO,, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.72-76/Viz/2015 (धनधाारण िर्ा/Assessment Year:2007-08 To 2011-12 Respectively) N.V.Vasantha Rao Vs. Income Tax Officer D.No.30-6-19/A Ward-3(1) Opp: 2 Town P.S. Visakhapatnam Dabagardens Visakhapatnam [Pan :Aahpv0349Q] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलाथी की ओरसे/ Appellant By : Shri, I Kama Sastry, Ar प्रत्याथी की ओर से/ Respondent By : Shri, T.Satyanandham, Dr सुनिाई की तारीख / Date Of Hearing : 29.05.2018 06.06.2018 घोषणा की तारीख/Date Of Pronouncement :

house property at Dabagardens, 6. The 'earned Commissioner of Income Tax (Appeals) is not justified in confirming the addition of Rs8,012 made by the assessing officer towards dividend on chits. 7. The learned Commissioner of Income Tax (Appeals) is not justified in upholding the disallowance of depreciation amounting to Rs.33,975 made by the assessing officer

NV VASANTHA RAO,,VISAKHAPATNAM vs. THE ITO,, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.72-76/Viz/2015 (धनधाारण िर्ा/Assessment Year:2007-08 To 2011-12 Respectively) N.V.Vasantha Rao Vs. Income Tax Officer D.No.30-6-19/A Ward-3(1) Opp: 2 Town P.S. Visakhapatnam Dabagardens Visakhapatnam [Pan :Aahpv0349Q] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलाथी की ओरसे/ Appellant By : Shri, I Kama Sastry, Ar प्रत्याथी की ओर से/ Respondent By : Shri, T.Satyanandham, Dr सुनिाई की तारीख / Date Of Hearing : 29.05.2018 06.06.2018 घोषणा की तारीख/Date Of Pronouncement :

house property at Dabagardens, 6. The 'earned Commissioner of Income Tax (Appeals) is not justified in confirming the addition of Rs8,012 made by the assessing officer towards dividend on chits. 7. The learned Commissioner of Income Tax (Appeals) is not justified in upholding the disallowance of depreciation amounting to Rs.33,975 made by the assessing officer

NV VASANTHA RAO,,VISAKHAPATNAM vs. THE ITO,, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.72-76/Viz/2015 (धनधाारण िर्ा/Assessment Year:2007-08 To 2011-12 Respectively) N.V.Vasantha Rao Vs. Income Tax Officer D.No.30-6-19/A Ward-3(1) Opp: 2 Town P.S. Visakhapatnam Dabagardens Visakhapatnam [Pan :Aahpv0349Q] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलाथी की ओरसे/ Appellant By : Shri, I Kama Sastry, Ar प्रत्याथी की ओर से/ Respondent By : Shri, T.Satyanandham, Dr सुनिाई की तारीख / Date Of Hearing : 29.05.2018 06.06.2018 घोषणा की तारीख/Date Of Pronouncement :

house property at Dabagardens, 6. The 'earned Commissioner of Income Tax (Appeals) is not justified in confirming the addition of Rs8,012 made by the assessing officer towards dividend on chits. 7. The learned Commissioner of Income Tax (Appeals) is not justified in upholding the disallowance of depreciation amounting to Rs.33,975 made by the assessing officer

NV VASANTHA RAO,,VISAKHAPATNAM vs. THE ITO,, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.72-76/Viz/2015 (धनधाारण िर्ा/Assessment Year:2007-08 To 2011-12 Respectively) N.V.Vasantha Rao Vs. Income Tax Officer D.No.30-6-19/A Ward-3(1) Opp: 2 Town P.S. Visakhapatnam Dabagardens Visakhapatnam [Pan :Aahpv0349Q] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलाथी की ओरसे/ Appellant By : Shri, I Kama Sastry, Ar प्रत्याथी की ओर से/ Respondent By : Shri, T.Satyanandham, Dr सुनिाई की तारीख / Date Of Hearing : 29.05.2018 06.06.2018 घोषणा की तारीख/Date Of Pronouncement :

house property at Dabagardens, 6. The 'earned Commissioner of Income Tax (Appeals) is not justified in confirming the addition of Rs8,012 made by the assessing officer towards dividend on chits. 7. The learned Commissioner of Income Tax (Appeals) is not justified in upholding the disallowance of depreciation amounting to Rs.33,975 made by the assessing officer

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-3(1), VIJAYAWADA vs. SRI JASTI SRIDHAR BABU, KESARAPALLI

In the result, appeal filed by the Revenue Department stands dismissed

Bench: Shri N.K. Choudhry, Hon’Ble & Shri D.S. Sunder Singh, Hon'Ble

property i.e. one residential flat of Rs. 30,00,000/-, which includes additional work i.e. power connection charges, power deposit, woodwork, interior works, electrical fittings, corpus fund and internal painting etc. The AO ultimately considered the sale amount received by the Assessee to the tune of Rs. 3,70,22,969/- and while subtracting the indexed cost

G. VENKATA KRISHNA,,VIJAYAWADA vs. THE ITO,, VIJAYAWADA

In the result, appeals of the assessees for the Assessment Years 2010-

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.31& 33/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12) G.Venkata Krishna Vs. Income Tax Officer Prop.Ghantasala Manikyala Rao Cards Ward-1 11-25-167, Main Road, One Town Vijayawada Vijayawada [Pan :Acppg1246F] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.32/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11) G.Venkata Raman Income Tax Officer Partner.Sri Dhanalakshmi Ward-1(1) Stationery Mart Vijayawada 11-54-225, Jai Hind Market Main Road, One Town, Vijayawada [Pan :Acppg1245G] आयकर अपील सं./I.T.A.Nos.34 & 35/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12) M/S Sri Vijayalakshmi Stationery & Income Tax Officer Fancy Mart, D.No.11-25-167 Ward-1(1) Main Road, Vijayawada Vijayawada [Pan :Aaifs1693M] निर्धाऩिती की ओि से/ Assessee By : Shri C.Subramanyam, Ar िधजस्व की ओि से/ Revenue By : Shri Deba Kumar Sonowal, Dr सुिवधई की तधिीख / Date Of Hearing : 25.07.2018 घोषणध की तधिीख/Date Of Pronouncement : 10.08.2018

property in Gudivadavari Street, Vijayawada. According to the Ld.Pr.CIT, the registration took place on 15.12.2006 and the loan was granted by Tamilnadu Mercantile Bank on 04.01.2007. The payment was preceded by the bank loan, therefore, the Ld.Pr.CIT was of the view that the sources for acquiring the house remained unexplained. This issue also related to the assessment year