SIMHADRI NAIDU SAMANTHULA,PALAKONDA vs. INCOME TAX OFFICER - WARD-1, SRIKAKULAM
In the result, appeal filed by the assessee is allowed for statistical purposes as indicated hereinabove
ITA 410/VIZ/2024[2015-16]Status: DisposedITAT Visakhapatnam05 Nov 2024AY 2015-16
Bench: Shri Duvvuru Rl Reddy, Hon’Bleआयकर अपील सं./ I.T.A. No.410/Viz/2024 (िनधा"रण वष" / Assessment Year : 2015-16) Simhadri Naidu Samanthula, Vs. Income Tax Officer, Palakonda. Ward-1, Pan: Amsps2903C 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 : 04/11/2024 घोषणा क" तारीख/Date Of : 05/11/2024 Pronouncement O R D E R
For Appellant: Sri I. Kama Sastry, ARFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 142(1)Section 143(2)Section 147Section 148Section 148ASection 149(1)Section 149(1)(b)Section 271(1)(c)Section 69A
40,000/- in his SB account and also made time deposits in the form of FDs amounting to Rs.
27,45,524/- during the FY 2014-15. In the absence of return of income, the Ld. AO, after obtaining the approvals from the competent authority, issued a notice U/s. 148 of the Act on 5/4/2023 and in response, the assessee