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52 results for “reassessment”+ Revision u/s 263clear

Sorted by relevance

Mumbai637Delhi434Chennai260Kolkata254Bangalore180Jaipur169Ahmedabad108Chandigarh92Pune88Hyderabad73Indore61Raipur58Visakhapatnam52Rajkot39Cochin39Cuttack37Amritsar27Nagpur25Agra21Allahabad21Patna21Surat15Lucknow14Jodhpur12Karnataka10Dehradun7Jabalpur7Guwahati5Ranchi4Calcutta3Varanasi3SC2Himachal Pradesh2Kerala1Panaji1Rajasthan1Telangana1Uttarakhand1

Key Topics

Section 143(3)117Section 26378Section 153A43Addition to Income28Revision u/s 26327Section 13226Section 14825Section 4021Disallowance18Section 153C

M/S. SRI VIJAYALAKSHMI STATIONERY & FANCY MART,,VIJAYAWADA vs. THE ITO,, VIJAYAWADA

In the result, appeals of the assessees for the Assessment Years 2010-

ITA 34/VIZ/2017[2010-2011]Status: DisposedITAT Visakhapatnam10 Aug 2018AY 2010-2011

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.31& 33/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12) G.Venkata Krishna Vs. Income Tax Officer Prop.Ghantasala Manikyala Rao Cards Ward-1 11-25-167, Main Road, One Town Vijayawada Vijayawada [Pan :Acppg1246F] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.32/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11) G.Venkata Raman Income Tax Officer Partner.Sri Dhanalakshmi Ward-1(1) Stationery Mart Vijayawada 11-54-225, Jai Hind Market Main Road, One Town, Vijayawada [Pan :Acppg1245G] आयकर अपील सं./I.T.A.Nos.34 & 35/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12) M/S Sri Vijayalakshmi Stationery & Income Tax Officer Fancy Mart, D.No.11-25-167 Ward-1(1) Main Road, Vijayawada Vijayawada [Pan :Aaifs1693M] निर्धाऩिती की ओि से/ Assessee By : Shri C.Subramanyam, Ar िधजस्व की ओि से/ Revenue By : Shri Deba Kumar Sonowal, Dr सुिवधई की तधिीख / Date Of Hearing : 25.07.2018 घोषणध की तधिीख/Date Of Pronouncement : 10.08.2018

For Appellant: Shri C.Subramanyam, ARFor Respondent: Shri Deba Kumar Sonowal, DR
Section 133ASection 143(3)Section 148

reassessment proceedings and after complete satisfaction regarding the sources for repayment, the assessment was completed. Hence, there is no error in the assessment order framed by the AO. Thus, there is no case for revision u/s 263

Showing 1–20 of 52 · Page 1 of 3

14
Reassessment14
Section 143(2)13

G. VENKATA KRISHNA,,VIJAYAWADA vs. THE ITO,, VIJAYAWADA

In the result, appeals of the assessees for the Assessment Years 2010-

ITA 33/VIZ/2017[2010-2011]Status: DisposedITAT Visakhapatnam10 Aug 2018AY 2010-2011

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.31& 33/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12) G.Venkata Krishna Vs. Income Tax Officer Prop.Ghantasala Manikyala Rao Cards Ward-1 11-25-167, Main Road, One Town Vijayawada Vijayawada [Pan :Acppg1246F] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.32/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11) G.Venkata Raman Income Tax Officer Partner.Sri Dhanalakshmi Ward-1(1) Stationery Mart Vijayawada 11-54-225, Jai Hind Market Main Road, One Town, Vijayawada [Pan :Acppg1245G] आयकर अपील सं./I.T.A.Nos.34 & 35/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12) M/S Sri Vijayalakshmi Stationery & Income Tax Officer Fancy Mart, D.No.11-25-167 Ward-1(1) Main Road, Vijayawada Vijayawada [Pan :Aaifs1693M] निर्धाऩिती की ओि से/ Assessee By : Shri C.Subramanyam, Ar िधजस्व की ओि से/ Revenue By : Shri Deba Kumar Sonowal, Dr सुिवधई की तधिीख / Date Of Hearing : 25.07.2018 घोषणध की तधिीख/Date Of Pronouncement : 10.08.2018

For Appellant: Shri C.Subramanyam, ARFor Respondent: Shri Deba Kumar Sonowal, DR
Section 133ASection 143(3)Section 148

reassessment proceedings and after complete satisfaction regarding the sources for repayment, the assessment was completed. Hence, there is no error in the assessment order framed by the AO. Thus, there is no case for revision u/s 263

G. VENKATA KRISHNA,,VIJAYAWADA vs. THE ITO,, VIJAYAWADA

In the result, appeals of the assessees for the Assessment Years 2010-

ITA 32/VIZ/2017[2010-2011]Status: DisposedITAT Visakhapatnam10 Aug 2018AY 2010-2011

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.31& 33/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12) G.Venkata Krishna Vs. Income Tax Officer Prop.Ghantasala Manikyala Rao Cards Ward-1 11-25-167, Main Road, One Town Vijayawada Vijayawada [Pan :Acppg1246F] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.32/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11) G.Venkata Raman Income Tax Officer Partner.Sri Dhanalakshmi Ward-1(1) Stationery Mart Vijayawada 11-54-225, Jai Hind Market Main Road, One Town, Vijayawada [Pan :Acppg1245G] आयकर अपील सं./I.T.A.Nos.34 & 35/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12) M/S Sri Vijayalakshmi Stationery & Income Tax Officer Fancy Mart, D.No.11-25-167 Ward-1(1) Main Road, Vijayawada Vijayawada [Pan :Aaifs1693M] निर्धाऩिती की ओि से/ Assessee By : Shri C.Subramanyam, Ar िधजस्व की ओि से/ Revenue By : Shri Deba Kumar Sonowal, Dr सुिवधई की तधिीख / Date Of Hearing : 25.07.2018 घोषणध की तधिीख/Date Of Pronouncement : 10.08.2018

For Appellant: Shri C.Subramanyam, ARFor Respondent: Shri Deba Kumar Sonowal, DR
Section 133ASection 143(3)Section 148

reassessment proceedings and after complete satisfaction regarding the sources for repayment, the assessment was completed. Hence, there is no error in the assessment order framed by the AO. Thus, there is no case for revision u/s 263

G. VENKATA KRISHNA,,VIJAYAWADA vs. THE ITO,, VIJAYAWADA

In the result, appeals of the assessees for the Assessment Years 2010-

ITA 31/VIZ/2017[2010-2011]Status: DisposedITAT Visakhapatnam10 Aug 2018AY 2010-2011

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.31& 33/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12) G.Venkata Krishna Vs. Income Tax Officer Prop.Ghantasala Manikyala Rao Cards Ward-1 11-25-167, Main Road, One Town Vijayawada Vijayawada [Pan :Acppg1246F] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.32/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11) G.Venkata Raman Income Tax Officer Partner.Sri Dhanalakshmi Ward-1(1) Stationery Mart Vijayawada 11-54-225, Jai Hind Market Main Road, One Town, Vijayawada [Pan :Acppg1245G] आयकर अपील सं./I.T.A.Nos.34 & 35/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12) M/S Sri Vijayalakshmi Stationery & Income Tax Officer Fancy Mart, D.No.11-25-167 Ward-1(1) Main Road, Vijayawada Vijayawada [Pan :Aaifs1693M] निर्धाऩिती की ओि से/ Assessee By : Shri C.Subramanyam, Ar िधजस्व की ओि से/ Revenue By : Shri Deba Kumar Sonowal, Dr सुिवधई की तधिीख / Date Of Hearing : 25.07.2018 घोषणध की तधिीख/Date Of Pronouncement : 10.08.2018

For Appellant: Shri C.Subramanyam, ARFor Respondent: Shri Deba Kumar Sonowal, DR
Section 133ASection 143(3)Section 148

reassessment proceedings and after complete satisfaction regarding the sources for repayment, the assessment was completed. Hence, there is no error in the assessment order framed by the AO. Thus, there is no case for revision u/s 263

M/S. SRI VIJAYALAKSHMI STATIONERY & FANCY MART,,VIJAYAWADA vs. THE ITO,, VIJAYAWADA

In the result, appeals of the assessees for the Assessment Years 2010-

ITA 35/VIZ/2017[2011-2012]Status: DisposedITAT Visakhapatnam10 Aug 2018AY 2011-2012

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.31& 33/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12) G.Venkata Krishna Vs. Income Tax Officer Prop.Ghantasala Manikyala Rao Cards Ward-1 11-25-167, Main Road, One Town Vijayawada Vijayawada [Pan :Acppg1246F] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.32/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11) G.Venkata Raman Income Tax Officer Partner.Sri Dhanalakshmi Ward-1(1) Stationery Mart Vijayawada 11-54-225, Jai Hind Market Main Road, One Town, Vijayawada [Pan :Acppg1245G] आयकर अपील सं./I.T.A.Nos.34 & 35/Viz/2017 (धििाारण िर्ा/Assessment Year:2010-11 & 2011-12) M/S Sri Vijayalakshmi Stationery & Income Tax Officer Fancy Mart, D.No.11-25-167 Ward-1(1) Main Road, Vijayawada Vijayawada [Pan :Aaifs1693M] निर्धाऩिती की ओि से/ Assessee By : Shri C.Subramanyam, Ar िधजस्व की ओि से/ Revenue By : Shri Deba Kumar Sonowal, Dr सुिवधई की तधिीख / Date Of Hearing : 25.07.2018 घोषणध की तधिीख/Date Of Pronouncement : 10.08.2018

For Appellant: Shri C.Subramanyam, ARFor Respondent: Shri Deba Kumar Sonowal, DR
Section 133ASection 143(3)Section 148

reassessment proceedings and after complete satisfaction regarding the sources for repayment, the assessment was completed. Hence, there is no error in the assessment order framed by the AO. Thus, there is no case for revision u/s 263

ANDHRA PRADESH POWER GENERATION CORPORATION LIMITED,,VIJAYAWADA vs. THE ACIT, CIRCLE-3(1), , VIJAYAWADA

In the result, appeal of the assessee is allowed

ITA 167/VIZ/2020[20102-13]Status: DisposedITAT Visakhapatnam25 Jun 2021

Bench: Shri N.K.Choudhry, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bleआयकर अपील सं./I.T.A.No.167/Viz/2020 (निर्धारण वर्ा/Assessment Year:2012-13) Andhra Pradesh Power Generation Vs. Asst.Commissioner Of Corporation Ltd. Income Tax Vijayawada Circle-3(1) [Pan : Aacca2734J] Vijayawada (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

For Appellant: Shri M.ChandramouleswaraFor Respondent: Shri D.K.Sonowal, CIT(DR)
Section 143(3)Section 147Section 263Section 80I

revised u/s 263 of the Act. In response to the show cause notice issued u/s 263, the assessee filed explanation stating that the original assessment was completed u/s 143(3) by an order dated 31.03.2015 and subsequently, the assessment was taken up for reassessment

KUMAR PAPPU SINGH,TANUKU vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, , ELURU

In the result, appeal of the assessee is allowed

ITA 270/VIZ/2018[2013-14]Status: DisposedITAT Visakhapatnam07 Dec 2018AY 2013-14

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.270/Viz/2018 (धििाारण िर्ा/Assessment Year:2013-2014) Sri Kumar Pappu Singh Vs. Dy.Commissioner Of D.No.23-3-26, Sundaram Nagar Income Tax, Sajjapuram Circle-1, Kks Towers, Tanuku Rr Pet, Eluru [Pan : Aeepp2496P] Andhra Pradesh (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

For Appellant: Shri K.C.Devdas, ARFor Respondent: Shri D.K.Sonowal, CIT DR
Section 143(3)Section 263Section 56(2)(vii)

u/s 263. The Ld.Pr.CIT did not dispute the fact that the revision was taken on audit objection he has emphatically stated that there is substance in the audit objection. With regard to taking up the case for revision on the basis of audit objection, the assessee relied on the decision of Jaswinder Singh Vs. CIT (Chandigarh Bench), [2013] 31 taxmann.com

LATE DEVERASETTY VENKATA SUBBARAO LR D.RAVI KUMAR, ,GUNTUR vs. THE INCOME TAX OFFICER, WARD-1(3), , GUNTUR

In the result, appeal of the assessee is allowed

ITA 339/VIZ/2019[2008-09]Status: DisposedITAT Visakhapatnam11 Mar 2020AY 2008-09

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.339/Viz/2019 (ननधधारण वर्ा/Assessment Year:2008-09) Late Deverasetty Venkata Subba Rao Vs Income Tax Officer Lr D.Ravikumar Ward 1(3) 18-1-41, Sattenapalli Guntur Guntur [Pan : Asbpd9432C] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar प्रत्यधथी की ओर से / Respondent By : Smt.Suman Malik, Dr सुनवधई की तधरीख / Date Of Hearing : 11.03.2020 घोर्णध की तधरीख/Date Of Pronouncement : 12.03.2020 आदेश /O R D E R

For Appellant: Shri G.V.N.Hari, ARFor Respondent: Smt.Suman Malik, DR
Section 143(2)Section 143(3)Section 148Section 263Section 292B

revision u/s 263 and passed order u/s 263 in the name of dead person. Hence, the order passed u/s 263 is invalid. Knowing fully well that 4 I.T.A. No.339/Viz/2019, A.Y.2008-09 Late Deverasetty Venkata Subba Rao, LR D.Ravi Kumar, Guntur the assessee had expired, the AO issued notice u/s 143(2) on a dead person and framed the assessment

BADETI VENKATESWARA RAO,ATTILI vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX, , RAJAHMUNDRY

In the result, appeal of the assessee is allowed

ITA 356/VIZ/2019[2014-15]Status: DisposedITAT Visakhapatnam26 Mar 2021AY 2014-15

Bench: Shri N.K.Choudhry, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bleआयकर अपील सं./I.T.A.No.356/Viz/2019 (निर्धारण वर्ा/Assessment Year: 2014-15) Badeti Venkateswara Rao Vs. Income Tax Officer D.No.17-44, Poleramma Temple St., Ward-1 Attili, West Godavari Dist. Tanuku [Pan : Azzpb8511H]

For Appellant: Shri M.Madhusudhan, ARFor Respondent: Shri D.K.Sonowal, CIT, DR
Section 143(3)Section 263

revision u/s 263..On going through the Annexure A, there was sufficient cash balances available as per the regular books of accounts and there was no negative cash balance. It is a fact that the AO has conducted the survey u/s 133A and recorded the statements during the course of survey and found the discrepancies at the time of survey

NAVEENA RICE INDUSTRIES vs. THE PR.CIT,, VIJAYAWADA

In the result, appeal of the assessee is allowed

ITA 311/VIZ/2017[2012-2013]Status: DisposedITAT Visakhapatnam31 Jul 2018AY 2012-2013

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.311/Viz/2017 (धििाारण िर्ा/Assessment Year:2012-13) M/S Naveena Rice Industries Vs. Pr.Commissioner Of R.S.No.59/2A Income Tax Tarakaturu Village Vijayawada Krishna District [Pan : Aajfn6020C] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलार्थी की ओर से/ Appellant By : Shri D.L.Narasimha Rao, Ar प्रत्यार्थी की ओर से/ Respondent By : Shri Deba Kumar Sonowal, Dr सुनवाई की तारीख / Date Of Hearing : 19.07.2018 31.07.2018 घोषणा की तारीख/Date Of Pronouncement :

For Appellant: Shri D.L.Narasimha Rao, ARFor Respondent: Shri Deba Kumar Sonowal, DR
Section 133ASection 143(3)Section 148Section 263

revision u/s 263.. On going through the Annexure A, there was sufficient cash balances available as per the regular books of accounts and there was no negative cash balance. It is a fact that the AO has conducted the survey u/s 133A and recorded the statements during the course of survey and found the discrepancies at the time

GRANDHI SUBBARAO,,GUNTUR vs. THE ADDL. CIT,, GUNTUR

In the result, the appeal filed by the assessee is allowed and the

ITA 223/VIZ/2015[2011-12]Status: DisposedITAT Visakhapatnam16 Mar 2018AY 2011-12

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

For Appellant: Shri G.V.N. Hari, ARFor Respondent: Shri P.S. Murthy, DR
Section 143(1)Section 143(3)Section 263Section 41(1)

revision u/s 263 of the Act and directed the A.O. to assess the receipt of ` 32,06,00,767/- for the assessment year 2011-12 and to pass the consequential order. Accordingly, the A.O. passed the consequential order dated 22.6.2015 on total income of ` 41,22,31,357/-. In the reassessment

THE ASST. CIT,, GUNTUR vs. SRI GRANDHI SUBBA RAO,, GUNTUR

In the result, the appeal filed by the assessee is allowed and the

ITA 239/VIZ/2017[2011-2012]Status: DisposedITAT Visakhapatnam16 Mar 2018AY 2011-2012

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

For Appellant: Shri G.V.N. Hari, ARFor Respondent: Shri P.S. Murthy, DR
Section 143(1)Section 143(3)Section 263Section 41(1)

revision u/s 263 of the Act and directed the A.O. to assess the receipt of ` 32,06,00,767/- for the assessment year 2011-12 and to pass the consequential order. Accordingly, the A.O. passed the consequential order dated 22.6.2015 on total income of ` 41,22,31,357/-. In the reassessment

GHANSHYAM SHARMA,,RAJASTHAN vs. PRINCIPAL COMMISSIONER OF INCOME TAX - 1, , VISAKHAPATNAM

In the result, appeal of the assessee is dismissed

ITA 461/VIZ/2017[2008-2009]Status: DisposedITAT Visakhapatnam18 Apr 2018AY 2008-2009

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अऩीऱ सं./I.T.A.No.461/Viz/2017 (ननधधारण वषा/Assessment Year:2008-09) Ghanshyam Sharma Vs. The Principal Commissioner Jakhal Vill & Post Of Income Tax-1 Jhunjhunu District Visakhapatnam Rajasthan – 333 305 [Pan :Abups5701R] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अऩीऱधथी की ओर से/ Appellant By : Shri R.Venkat Raman, Ar प्रत्यथी की ओर से / Respondent By : Shri T.S.N.Murthy, Dr सुनवधई की तधरीख / Date Of Hearing : 12.04.2018 घोषणा की तारीख/Date Of Pronouncement : 18.04.2018

For Appellant: Shri R.Venkat Raman, ARFor Respondent: Shri T.S.N.Murthy, DR
Section 143(3)Section 147Section 148Section 194Section 194CSection 194C(3)(i)Section 263Section 3Section 40

reassessment u/s 143(3) r.w.s. 147 on 23.03.2015 by making the addition of Rs.1,44,139/-. The Ld. Pr.CIT has taken up the assessment order passed u/s 143(3) r.w.s.147 dated 23.03.2015 for revision u/s 263

THE ARYAPURAM CO-OPERATIVE URBAN BANK LTD.,RAJAHMUNDRY vs. THE ACIT,, RAJAHMUNDRY

In the result, appeals filed by the assessee in ITA

ITA 172/VIZ/2015[2007-08]Status: DisposedITAT Visakhapatnam18 May 2018AY 2007-08

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

For Appellant: Shri G.V.N. Hari, ARFor Respondent: Shri Deba Kumar Sonowal
Section 143(1)Section 143(3)Section 147Section 148Section 263

revise the order. In this case, the A.O. has reopened the assessment for the escapement of income and the same is offered for taxation and assessment is completed. We find that the order passed by the A.O. u/s 143(3) r.w.s. The Aryapuram Co-Op. Urban Bank Ltd., RJY 147 of the Act dated 31.12.2010 is neither erroneous nor prejudicial

THE ARYAPURAM CO-OPERATIVE URBAN BANK LTD.,,RAJAHMUNDRY vs. THE CIT,, RAJAHMUNDRY

In the result, appeals filed by the assessee in ITA

ITA 260/VIZ/2013[2007-08]Status: DisposedITAT Visakhapatnam18 May 2018AY 2007-08

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

For Appellant: Shri G.V.N. Hari, ARFor Respondent: Shri Deba Kumar Sonowal
Section 143(1)Section 143(3)Section 147Section 148Section 263

revise the order. In this case, the A.O. has reopened the assessment for the escapement of income and the same is offered for taxation and assessment is completed. We find that the order passed by the A.O. u/s 143(3) r.w.s. The Aryapuram Co-Op. Urban Bank Ltd., RJY 147 of the Act dated 31.12.2010 is neither erroneous nor prejudicial

SRI MAHESH ANUMALISETTY,,VISAKHAPATNAM vs. THE PR. CIT,, VISAKHAPATNAM

In the result, the appeals filed by the assessees are allowed

ITA 273/VIZ/2017[2007-2008]Status: DisposedITAT Visakhapatnam09 Mar 2018AY 2007-2008

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

For Appellant: Shri G.V.N. Hari, ARFor Respondent: Shri Deba Kumar Sonowal
Section 132Section 143(3)Section 2(22)(e)Section 263

Reassessment u/s 153A is possible in unabated assessments only with the incriminating material found during the course of search. If no new material is unearthed during the course of search revision u/s 263

SRI NAGESH ANUMALISETTY,,VISAKHAPATNAM vs. THE PR. CIT,, VISAKHAPATNAM

In the result, the appeals filed by the assessees are allowed

ITA 274/VIZ/2017[2007-2008]Status: DisposedITAT Visakhapatnam09 Mar 2018AY 2007-2008

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

For Appellant: Shri G.V.N. Hari, ARFor Respondent: Shri Deba Kumar Sonowal
Section 132Section 143(3)Section 2(22)(e)Section 263

Reassessment u/s 153A is possible in unabated assessments only with the incriminating material found during the course of search. If no new material is unearthed during the course of search revision u/s 263

M/S. vs. R INFOTECH ,,VISAKHAPATNAMVS.THE ITO ,, VISAKHAPATNAM

In the result, the appeals filed by the assessee are allowed

ITA 373/VIZ/2016[2008-2009]Status: DisposedITAT Visakhapatnam28 Feb 2018AY 2008-2009

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

For Appellant: Shri G.V.N. Hari, AR
Section 143(3)Section 263

revision order u/s 263 of the Act on 19.7.2016, then only he came to know that the assessee has not preferred the appeal against order u/s 263 of the Act. After coming to know that the appeal was not filed, the assessee filed the appeal with a request to condonation of delay. The assessee has enclosed a copy

M/S. vs. R INFOTECH ,,VISAKHAPATNAMVS.THE ITO ,, VISAKHAPATNAM

In the result, the appeals filed by the assessee are allowed

ITA 374/VIZ/2016[2010-2011]Status: DisposedITAT Visakhapatnam28 Feb 2018AY 2010-2011

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

For Appellant: Shri G.V.N. Hari, AR
Section 143(3)Section 263

revision order u/s 263 of the Act on 19.7.2016, then only he came to know that the assessee has not preferred the appeal against order u/s 263 of the Act. After coming to know that the appeal was not filed, the assessee filed the appeal with a request to condonation of delay. The assessee has enclosed a copy

NADIMPALLY VENKATA SANKAR RAMA KRISHNAM RAJU,,VISAKHAPATNAM vs. THE ITO,, VISAKHAPATNAM

In the result, the appeal filed by the assessee is allowed

ITA 322/VIZ/2017[2008-2009]Status: DisposedITAT Visakhapatnam04 Apr 2018AY 2008-2009

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

For Appellant: Shri G.V.N. Hari, ARFor Respondent: Shri Deba Kumar Sonowal
Section 143(3)Section 148Section 194HSection 263Section 40

reassessment u/s.143(3) r.w.s. 147 of the Income-tax Act 1961 was completed on 31.03.2015 by determining the total income at Rs.6,82,016/-. The Ld.PCIT has taken up the case for revision u/s 263