DEPUTY COMMISSIONER OF INCOME TAX, GUNTUR vs. VENKATRAMA POULTRIES PVT. LTD, GUNTUR

House\nMain Road, Lakshmipuram\nGuntur - 522007\nAndhra Pradesh\n[PAN:AAACV7767L]\n(अपीलार्थी/ Appellant)\nDCIT - CENTRAL CIRCLE – 1\nIncome Tax Office\nCentral Revenue Buildings\nNear Collector Office\nMahathma Gandhi Road\nVijayawada - 522002\nAndhra Pradesh\n(प्रत्यर्थी/ Respondent)\nकरदाता का प्रतिनिधित्व/ Assessee Represented by\n: Shri GVN Hari, Advocate\nराजस्व का प्रतिनिधित्व/ Department Represented by\n: Shri Badicala Yadagiri

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR vs. VENKATRAMA POULTRIES PVT LTD, GUNTUR

House Income Tax Office\nMain Road, Lakshmipuram Central Revenue Buildings\nGuntur - 522007 Near Collector Office\nAndhra Pradesh Mahathma Gandhi Road\n[PAN:AAACV7767L] Vijayawada - 522002\nAndhra Pradesh\n(अपीलार्थी/ Appellant)\n(प्रत्यर्थी/ Respondent)\nकरदाता का प्रतिनिधित्व/ Assessee Represented by : Shri GVN Hari, Advocate\nराजस्व का प्रतिनिधित्व/ Department Represented by : Shri Badicala Yadagiri, CIT(DR)\nसुनवाई समाप्त होने की तिथि/ Date

MUTHAVARAPU SRINIVASA BABU,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), VIJAYAWADA

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

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआईटीए. नं. / Ita No. 465/Viz/2024 (A.Y. 2012-13) Muthavarapu Srinivasa Babu V. Asst. Cit – Circle – 2(1) C/O. Ca M.V. Prasad Cr Buildings, 1St Floor Annex D.No. 60-7-13, Ground Floor M.G. Road, Vijayawada – 520002 Siddhartha Nagar, 4Th Lane Andhra Pradesh Vijaywada-520010 Andhra Pradesh [Pan:Abwpm3798A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) करदाता का प्रतततितित्व/ Assessee Represented By : Shri Mv Prasad, Ca राजस्व का प्रतततितित्व/ Department Represented By : Dr. Aparna Villuri, Sr.Ar

House property, Partnership income, income from Swarna Gardens (Kalyanamandapam) filed his return of income for the A.Y. 2012-13 declaring total income of Rs.7,10,226/- and agricultural income of Rs.7,20,000/-. The, Assessment proceedings were completed on 31.03.2015 under section 143(3) of the Act assessing the total income at Rs.14,00,250/-. Subsequently, Pr.CIT, Vijayawada vide

LOKANADHA RAO BATHINA,VISAKHAPATNAM vs. INCOME-TAX OFFICER, WARD-3(2), VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.283/Viz/2023 (निर्धारण वर्ा/ Assessment Year: 2016-17) Lokanadha Rao Bathina Vs. Income Tax Officer D.No.54-11-33/3/1, Aditya Nagar Ward-3(2) Isukathota-530013 Infinity Towers, Andhra Pradesh Shankaramattam Road [Pan :Apqpb9831H] Visakhapatnam - 530016 (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

Housing Corporation and the assessment proceedings are also pending in their case. The AO completed the assessment by adding an amount of Rs.84,40,976/- for which confirmation letters were filed. Further, the assessee has failed to 4 I.T.A. No.283/Viz/2023, A.Y.2016-17 Lokanadha Rao Bathina, Visakhapatnam furnish the confirmation letters from the other parties amounting to Rs.32

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

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

properties purchased, investments, loans and advances during the FY 2013-14 and also asked to furnish the sources towards cash deposits in bank accounts. In response the Assessee’s Representative furnished the copies of the housing loan maintained at Andhra Bank, Tirupati. The Ld. AR submitted that the loans were claimed as expenditure as the loan is utilized for personal

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

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

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

properties purchased, investments, loans and advances during the FY 2013-14 and also asked to furnish the sources towards cash deposits in bank accounts. In response the Assessee’s Representative furnished the copies of the housing loan maintained at Andhra Bank, Tirupati. The Ld. AR submitted that the loans were claimed as expenditure as the loan is utilized for personal

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

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

properties purchased, investments, loans and advances during the FY 2013-14 and also asked to furnish the sources towards cash deposits in bank accounts. In response the Assessee’s Representative furnished the copies of the housing loan maintained at Andhra Bank, Tirupati. The Ld. AR submitted that the loans were claimed as expenditure as the loan is utilized for personal

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

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

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

properties purchased, investments, loans and advances during the FY 2013-14 and also asked to furnish the sources towards cash deposits in bank accounts. In response the Assessee’s Representative furnished the copies of the housing loan maintained at Andhra Bank, Tirupati. The Ld. AR submitted that the loans were claimed as expenditure as the loan is utilized for personal

TIRUMALA SURYA KUMARI ,SRIKAKULAM vs. INCOME TAX OFFICER, WARD-1, SRIKAKULAM

In the result, appeal filed by the assessee is partly allowed for statistical purposes as indicated herein above

Bench: Shri Duvvuru Rl Reddy, Hon’Bleआयकर अपील सं./ I.T.A. No.215/Viz/2023 (िनधा"रण वष" / Assessment Year : 2012-13) Tirumala Surya Kumari, Vs. Income Tax Officer, Srikakulam. Ward-1, Pan: Aezpt7686L Srikakulam. (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 : 08/08/2024 Pronouncement O R D E R

house property, income from business being income from wines and partnership firm besides income from other sources. The assessee e-filed her return of income for the AY 2012-13 on 31/10/2013 declaring an income of Rs. 76,050/- and agricultural income of Rs. 1,17,040/-. The return was processed by the CPC and later the return was selected

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

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

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

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR vs. VENKATRAMA POULTRIES PVT. LTD., GUNTUR

House\nMain Road, Lakshmipuram\nGuntur - 522007\nAndhra Pradesh\n[PAN:AAACV7767L]\n(अपीलार्थी/ Appellant)\nDCIT - CENTRAL CIRCLE – 1\nIncome Tax Office\nCentral Revenue Buildings\nNear Collector Office\nMahathma Gandhi Road\nVijayawada - 522002\nAndhra Pradesh\n(प्रत्यर्थी/ Respondent)\nकरदाता का प्रतिनिधित्व/ Assessee Represented by\n: Shri GVN Hari, Advocate\nराजस्व का प्रतिनिधित्व/ Department Represented by\n: Shri Badicala Yadagiri

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR vs. VENKATRAMA POULTRIES PVT. LTD., GUNTUR

House\nMain Road, Lakshmipuram\nGuntur - 522007\nAndhra Pradesh\n[PAN:AAACV7767L]\n(अपीलार्थी/ Appellant)\nDCIT - CENTRAL CIRCLE – 1\nIncome Tax Office\nCentral Revenue Buildings\nNear Collector Office\nMahathma Gandhi Road\nVijayawada - 522002\nAndhra Pradesh\n(प्रत्यर्थी/ Respondent)\nकरदाता का प्रतिनिधित्व/ Assessee Represented by\nराजस्व का प्रतिनिधित्व/ Department Represented by\nसुनवाई समाप्त होने की तिथि/ Date of Conclusion of Hearing\nघोषणा

SRI GOKUL PROFITS,RAJAHMUNDRY vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, RAJAHMUNDRY

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

Bench: Shri Duvvuru Rl Reddy, Hon’Bleआयकर अपील सं./I.T.A. No. 297/Viz/2024 (निर्धारण वर्ा/ Assessment Year: 2012-13) Sri Gokul Profits V. Asst. Cit – Circle – 2 D.No. 14-193/1, Sri Krishna Nilayam Income Tax Office, Aayakar Bhavan Veerabhadrapuram Rtc Complex Road, Rajahmundry – 533105 Andhra Pradesh Rajahmundry – 533105 Andhra Pradesh [Pan : Abrfs3990B] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

housing Projects owned by Sri Sagi Srinivasa Rao. Based on the statement given by Sri Sagi Srinivasa Rao, during the course of survey, the case of the assessee is reopened by issuing a notice under section 148 of the Act. In response to the notice, assessee filed revised return of income admitting the original return of income. Subsequently, statutory notices

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, , ELURU vs. THE ANDHRA SUGARS LIMITED, TANUKU

In the result, appeal of the Revenue is dismissed

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No. 380/Viz/2019 (धनिाारणिर्ा/ Assessment Year: 2012-13) Assistant Commissioner Of Vs. M/S. Andhra Sugars Ltd., Income Tax, Circle-1, Tanuku. Eluru. Pan: Aaact6357Q (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) सी.ओ सं. / C.O. No. 140/Viz/2019 [आयक अपील सं. से उत्पन्न / Arising Out Of I.T.A. No. 380/Viz/2019(A.Y. 2012-13)] M/S. Andhra Sugars Ltd., Vs. Assistant Commissioner Of Tanuku. Income Tax, Circle-1, Pan: Aaact6357Q Eluru. अपीलार्थीकीओरसे/ Assessee By : Shri C. Subrahmanyam, Ca प्रत्यार्थीकीओरसे/ Revenue By : Dr.Satyasai Rath, Cit-Dr

68,671 depreciation 3. Disallowance of stores written off 2,74,00,000 4. Disallowance of capital expenditure 8,05,92,163 5. Disallowance of 80IA deduction 3,62,29,004 6. Addition on account of carbon 45,05,374 credits 4. On being aggrieved by the additions made by the Ld. AO, the assessee filed an appeal before

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

In the result, appeal of the assessee is dismissed

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

68 of the Act as follows: (i) The bank account statements show that the assessee is well acquainted with the banking channels and the 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

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 2, VISAKHAPATNAM vs. ALAKRAM INTERNATIONAL TRADING COMPANY PRIVATE LIMITED, KOLKATA

In the result, appeal of the Revenue is dismissed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.118/Viz/2021 ("नधा"रण वष" / Assessment Year :2017-18) Deputy Commissioner Of Income Vs. M/S. Sri Bhagavan Niketan Tax , Central Circle-2, Limited, Visakhapatnam. D.No. V-122/A/1, Quality Haat, 1St Floor, Room No.4, S Aj Farooque Road, Metlabruz, Kolkata-32, Pin: 700018. Pan: Aadcs 7326 M (अपीलाथ"/ Appellant) (""यथ"/ Respondent)

houses at Marripalem, Visakhapatnam in the name and style of ‘Happy Homes’, did not file its return of income for the AY 2017-18. A search and seizure operation U/s. 132 of the Act was conducted on 15/09/2017 by the Deputy Director of Income Tax (Inv.), Unit- III(1), Visakhapatnam at the Registered Office premises of the 4 assessee-company

THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, VISAKHAPATNAM vs. DOLPHIN HIGHRISE PRIVATE LIMITED,, KILKATA

In the result, appeal of the Revenue is dismissed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.118/Viz/2021 ("नधा"रण वष" / Assessment Year :2017-18) Deputy Commissioner Of Income Vs. M/S. Sri Bhagavan Niketan Tax , Central Circle-2, Limited, Visakhapatnam. D.No. V-122/A/1, Quality Haat, 1St Floor, Room No.4, S Aj Farooque Road, Metlabruz, Kolkata-32, Pin: 700018. Pan: Aadcs 7326 M (अपीलाथ"/ Appellant) (""यथ"/ Respondent)

houses at Marripalem, Visakhapatnam in the name and style of ‘Happy Homes’, did not file its return of income for the AY 2017-18. A search and seizure operation U/s. 132 of the Act was conducted on 15/09/2017 by the Deputy Director of Income Tax (Inv.), Unit- III(1), Visakhapatnam at the Registered Office premises of the 4 assessee-company

THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, , VISAKHAPATNAM vs. SRI BHAGAVAN NIKETAN LIMITED, KOLLKATA

In the result, appeal of the Revenue is dismissed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.118/Viz/2021 ("नधा"रण वष" / Assessment Year :2017-18) Deputy Commissioner Of Income Vs. M/S. Sri Bhagavan Niketan Tax , Central Circle-2, Limited, Visakhapatnam. D.No. V-122/A/1, Quality Haat, 1St Floor, Room No.4, S Aj Farooque Road, Metlabruz, Kolkata-32, Pin: 700018. Pan: Aadcs 7326 M (अपीलाथ"/ Appellant) (""यथ"/ Respondent)

houses at Marripalem, Visakhapatnam in the name and style of ‘Happy Homes’, did not file its return of income for the AY 2017-18. A search and seizure operation U/s. 132 of the Act was conducted on 15/09/2017 by the Deputy Director of Income Tax (Inv.), Unit- III(1), Visakhapatnam at the Registered Office premises of the 4 assessee-company