SRINIVASA RAO BAMMIDI,VISAKHAPATNAM vs. INCOME TAX OFFICER, WARD-2(1), VISAKHAPATNAM
In the result, appeal of the assessee is allowed
ITA 330/VIZ/2024[2014-15]Status: DisposedITAT Visakhapatnam24 Oct 2024AY 2014-15
Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.330/Viz/2024 (िनधा"रण वष" / Assessment Year: 2014-15) Srinivasa Rao Bammidi, Vs. Income Tax Officer, 53-27-3/2, Krm Colony, Ward-2(1), Seethammadhara, Visakhapatnam. Visakhapatnam-530013, Visakhapatnam District, Andhra Pradesh-530013. Pan:Akwpb1983F (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Appellant By : Sri C. Sanjeevarao, Ar ""याथ" क" ओर से / Respondent By : Dr. Aparna Villuri, Sr. Ar सुनवाई क" तारीख / Date Of Hearing : 08/10/2024 घोषणा क" तारीख/Date Of : 24/10/2024 Pronouncement O R D E R
For Appellant: Sri C. Sanjeevarao, ARFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 143(2)Section 143(3)Section 234ASection 271(1)(c)Section 274
loss in share trading of Rs. 4,13,857/- as detailed in the AO’s order and a show case letter was issued to the assessee as to why the amount of Rs. 4,13,857/- should not be brought to tax as unexplained investment. In response to the show cause notice, the assessee furnished the details of sources