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
unexplained investment. In response to the show cause notice, the assessee furnished the details of sources for investment in shares trading of futures, equities and speculations of shares amounting to Rs. 2,13,837/-. However, the assessee did not furnish any details with regard to the source of investment in
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shares transactions amounting to Rs. 2,00,000/-. Therefore