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Section 271(1)(c)5 Section 693 Section 143(3)2

MALLA APPALARAJU,VISAKHAPATNAM vs. INCOME TAX OFFICER, WARD-5(1), VISAKHAPATNAM

In the result, appeal of the assessee is allowed

ITA 253/VIZ/2023[2011-12]Status: DisposedITAT Visakhapatnam28 May 2024AY 2011-12

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

For Appellant: Sri GVN Hari, ARFor Respondent: Dr. Aparna Villuri, Sr. AR

Section 143(3)Section 27(1)(c)Section 271(1)(c)Section 274Section 69

199/-. Thereafter, the case was selected for scrutiny manually with the approval of the competent Authority and accordingly, the Ld. AO completed the assessment U/s. 143(3) on 28/03/2014 wherein the Ld. AO (i) estimated the income from IMFL business at Rs. 11,45,268/- and (ii) made addition of Rs. 39,58,613/- U/s. 69 of the Act under