GO IRON MARKETING,VISAKHAPATNAM vs. INCOME TAX OFFICER, WARD 3(3), VISHAKAPATNAM

In the result, the appeal filed by the assessee firm is allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.483/Viz/2025 (िनधा"रण वष"/Assessment Year:2018-19) Go Iron Marketing, Vs. Income Tax Officer, Visakhapatnam. Ward-3(3), Pan: Aanfg6474D Visakhapatnam. (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Mrs. K. Hemalatha, Ca (Hybrid Hearing) राज" व "ारा/Revenue By: Shri Badicala Yadagiri, Cit-Dr सुनवाई की तारीख/Date Of 03/11/2025 Hearing: घोषणा की तारीख/Date Of 05/12/2025 Pronouncement: आदेश / Order Per. Ravish Sood, Jm: The Present Appeal Filed By The Assessee Firm Is Directed Against The Order Passed By The Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, Dated 26/07/2025 Which In Turn Arises From The Order Passed By The Assessing Officer (For Short, “Ao”) Under Section 147 R.W.S 144 Of The Income-Tax Act, 1961 (For Short, “The Act”), Dated 01/02/2024 For The Assessment Year 2018-19. The 2 Go Iron Marketing Vs. Ito

133(6) of the Act to M/s National Enterprises. In response, M/s National Enterprises (supra) furnished the relevant documents, which revealed that the assessee firm had purchased “screened fines” for an amount of Rs. 3,25,67,200/-, from the aforementioned concern, on which tax was collected at source

SRINIVASA RAO SIRIVURI PROPRIETOR,VIZIANAGARAM vs. INCOME TAX OFFICER, VIZIANAGARAM

In the result, appeal filed by the assessee is allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood, Hon’Ble & Shri Omkareshwar Chidara, Hon’Ble

133(6) of the Act. The A.O on perusal of the copy of the bank account of the assessee as was made available to him, observed that he had during the subject year made cash deposits of Rs.89,57,554/-. As the assessee had failed to come forth with any explanation regarding the sources of the aforesaid cash deposits, therefore

VENKATA RAMANA GODA,VISAKHAPATNAM vs. ASSISSTANT COMMISSIONER OF INCOME TAX, CIRCLE-3(1), VISAKHAPATNAM

In the result, the appeal filed by the assessee is allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.489/Viz/2025 (िनधा"रण वष"/Assessment Year: 2020-21) Venkata Ramana Goda, Vs. Assistant Commissioner Visakhapatnam. Of Income Tax, Circle-3(1), Pan: Abzpg3216A Visakhapatnam. (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Mrs. K. Hemalatha, Ca राज" व "ारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई की तारीख/Date Of 17/11/2025 Hearing: घोषणा की तारीख/Date Of 05/12/2025 Pronouncement: आदेश / Order Per. Ravish Sood, Jm: The Present Appeal Filed By The Assessee Is Directed Against The Order Of The Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, Dated 06/08/2025, Which In Turn Arises From The Order Passed By The Assessing Officer Under Section 147 R.W.S 144B Of The Income Tax Act, 1961 (For Short, “The Act”), Dated 08/03/2025. The 2 Venkata Ramana Goda Vs. Acit

133(6) of the IT Act to obtain a clarity from LIC regarding the nature and details of the said 3 Venkata Ramana Goda vs. ACIT keyman insurance policy before assessing the same in assessee's hands. 7. The Learned CIT(A), while adjudicating the issue, erred in observing that the loan adjustments of M/s ARDEE BUSINESS SERVICES

DCIT, CENTRAL CIRCLE-1, VISAKHAPATNAM vs. GVA INDUSTRIES PVT. LTD., DHAMTARI

6\nI.T.A.Nos. 137, 138 & 139/VIZ/2025\nI.T.A.Nos.221, 222 & 223 /VIZ/2025\nM/s. GVA Industries Private Limited --\naccommodation entries is nothing but money laundering activity, which isa\npunishable offence under PMLA.\n11.\nThe Ld. CIT(A) is not correct in allowing relief to the assessee, keeping\nin view of the fact that the assessee company had reduced its taxable profits, by\navailing

GVA INDUSTRIES PRIVATE LIMITED,CHHATTISGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

6\nI.T.A.Nos.137, 138 & 139/VIZ/2025\nI.T.A.Nos.221, 222 & 223 /VIZ/2025\nM/s. GVA Industries Private Limited --\naccommodation entries is nothing but money laundering activity, which isa\npunishable offence under PMLA.\n11.\nThe Ld. CIT(A) is not correct in allowing relief to the assessee, keeping\nin view of the fact that the assessee company had reduced its taxable profits, by\navailing

NANNEBOYINA KALYAN CHAKRAVARTHY,VISAKHAPATNAM vs. INCOME TAX OFFICER, (WARD IT), VIJAYAWADA

In the result, appeal of the assessee is allowed

Bench: Shri Veeravalli Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.No.104/Viz/2025 (निर्धारण वर्ा/ Assessment Year: 2016-17) Nanneboyina Kalyan Chakravarthy V. Income Tax Officer C/O. C.R. Hemanthkumar Ward International Taxation Cr Building, 1St Floor Annex. H.No 9-14-4/7, Flat No. 7 M.G. Road, Vijayawada Sowbhagyaapartments Andhra Pradesh – 520002 Cbm Compound, Vip Road Andhra Pradesh - 530003 [Pan: Cuepk3530P] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

133(6) of the Act. During the course of assessment proceedings Page No. 2 I.T.A.No.104/VIZ/2025 Nanneboyina Kalyan Chakravarthy Ld. AO noticed that the assessee has deposited cash of Rs.28,45,000/- into his ICICI Bank Limited bearing Account No. 630701078420 during the Financial year 2015-16. Assessee was asked to furnish the source for cash deposits. In response, assessee

TADISETTI MURALI MOHAN,GUNTUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), GUNTUR

In the result, appeal of the assessee is allowed

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

133(6) of the Act but has failed to do so. The Ld. AR further submitted that the assessee being a salaried employee, the provisions of section 69B of the Act are not applicable to the assessee. In response, the Ld. 14 DR submitted that the assessee has not submitted the balance sheet as he is a salaried individual

TADISETTI MURALI MOHAN,GUNTUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), GUNTUR

In the result, appeal of the assessee is allowed

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

133(6) of the Act but has failed to do so. The Ld. AR further submitted that the assessee being a salaried employee, the provisions of section 69B of the Act are not applicable to the assessee. In response, the Ld. 14 DR submitted that the assessee has not submitted the balance sheet as he is a salaried individual

TADISETTI MURALI MOHAN,GUNTUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), GUNTUR

In the result, appeal of the assessee is allowed

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

133(6) of the Act but has failed to do so. The Ld. AR further submitted that the assessee being a salaried employee, the provisions of section 69B of the Act are not applicable to the assessee. In response, the Ld. 14 DR submitted that the assessee has not submitted the balance sheet as he is a salaried individual

TADISETTI MURALI MOHAN,GUNTUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), GUNTUR

In the result, appeal of the assessee is allowed

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

133(6) of the Act but has failed to do so. The Ld. AR further submitted that the assessee being a salaried employee, the provisions of section 69B of the Act are not applicable to the assessee. In response, the Ld. 14 DR submitted that the assessee has not submitted the balance sheet as he is a salaried individual

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, RAJAHMUNDRY vs. L V BEACH CITY PROPERTY PROMOTERS, VIJAYAWADA

In the result, appeal of the revenue is dismissed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A. No. 254/Viz/2024 (निर्धारण वर्ा/ Assessment Year: 2018-19) Asst. Cit – Central Circle – 2 V. L.V. Beach City Property Promoters 40-25-19/A, Balaji Towers 5Th Floor, Shiva Towers Kogantivari Street, Patamatalanka Danavaipeta, Rajahmundry-533103 Vijayawada – 520010 Andhra Pradesh Andhra Pradesh [Pan: Aacfl5214D] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) सी.ओ सं. / C.O. No. 3/Viz/2024 [आयकअपीलसं. से उत्पन्न / Arising Out Of I.T.A. No.254/Viz/2024 (निर्धारण वर्ा/ Assessment Year: 2018-19)] L.V. Beach City Property Promoters V. Asst. Cit – Central Circle – 2 40-25-19/A, Balaji Towers 5Th Floor, Shiva Towers Kogantivari Street, Patamatalanka Danavaipeta, Rajahmundry-533103 Vijayawada – 520010 Andhra Pradesh Andhra Pradesh [Pan: Aacfl5214D] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) करदाता का प्रतततितित्व / Assessee Represented By : Shri M.V. Prasad, Ar राजस्व का प्रतततितित्व / Department Represented By : Dr. Satyasai Rath, Cit(Dr)

133 taxmann.com 288 (Delhi)] relied on by the Ld. CIT(A) while granting the relief to the assessee. He therefore pleaded that the order of the Assessing Officer be upheld. Page No. 6 I.T.A. No. 254/VIZ/2024 & C.O. No. 3/VIZ/2024 L.V. Beach City Property Promoters 9. Per contra, Ld. Authorised Representative [hereinafter “Ld.AR”] countering the arguments of the Ld. DR, Ld.AR

CHODISETTY HEMASHANKAR,TUNI vs. INCOME TAX OFFICER, WARD-1, TUNI

In the result, appeal of the assessee is allowed for statistical purposes as indicated herein above

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.74/Viz/2024 (निर्धारण वर्ा / Assessment Year : 2015-16) Chodisetty Hemashankar, Vs. The Income Tax Officer, Tuni. Ward-1, Pan: Akupc 0617 K Tuni. (अपीलधर्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधर्थी की ओर से/ Appellant By : Sri Gvn Hari, Ar प्रत्यधर्थी की ओर से / Respondent By : Dr. Aparna Villuri, Sr. Ar सुिवधई की तधरीख / Date Of Hearing : 01/04/2024 घोर्णध की तधरीख/Date Of : 19/04/2024 Pronouncement O R D E R Per Duvvuru Rl Reddy:

133(6) of the Act, wherein the assessee maintains his bank accounts which involved in the alleged cash deposits. Thus, the Ld. AO completed the assessment U/s. 144 of the Act and brought to tax the total cash deposits of Rs. 83,90,900/- as 3 unexplained money of the assessee U/s. 69A of the Act. Accordingly, the assessed income

SMT. L SUDHA BALA, L/R OF LATE SRI L.NARSA REDDY,GUNTUR vs. THE DCIT, SPECIAL RANGE GUNTUR, GUNTUR

In the result, the appeals of the assessee are dismissed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.260 & 261/Viz/2012 (धििाारण िर्ा/ Assessment Years :1984-85 & 1985-86 Respectively) L.Sudha Bala Vs. Dy.Commissioner Of L/R Of Late Sri L Narasa Reddy Income Tax Prop.Sri Venkateswara Agro Chemicals Special Range Industries Guntur 2-14-101, Syamala Nagar 2Nd Lane, Guntur [Pan : Acgpl2351P] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

6 I.T.A. Nos260 & 261./Viz/2012 L Sudha Bala, L/R of Late Sri L Narasa Reddy, Guntur same could not stand judicial scrutiny, as the Apex Court in a catena of cases held that if the AO was in possession of the information that income has escaped assessment he gets jurisdiction for reassessment and acting upon such information may be postponed

SMT. L SUDHA BALA, L/R OF LATE SRI L.NARSA REDDY,GUNTUR vs. THE DCIT, SPECIAL RANGE GUNTUR, GUNTUR

In the result, the appeals of the assessee are dismissed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.260 & 261/Viz/2012 (धििाारण िर्ा/ Assessment Years :1984-85 & 1985-86 Respectively) L.Sudha Bala Vs. Dy.Commissioner Of L/R Of Late Sri L Narasa Reddy Income Tax Prop.Sri Venkateswara Agro Chemicals Special Range Industries Guntur 2-14-101, Syamala Nagar 2Nd Lane, Guntur [Pan : Acgpl2351P] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

6 I.T.A. Nos260 & 261./Viz/2012 L Sudha Bala, L/R of Late Sri L Narasa Reddy, Guntur same could not stand judicial scrutiny, as the Apex Court in a catena of cases held that if the AO was in possession of the information that income has escaped assessment he gets jurisdiction for reassessment and acting upon such information may be postponed

NIMMANA NARASIMHARAO,ELURU vs. INCOME TAX OFFICER, WARD-2, ELURU

Bench: Us:

133(6) of the Act called for the copies of the bank account statements of the assessee from the banks. Also, the AO sought for directions of the Addl. CIT, Eluru Range, Eluru vide his letter dated 16.09.2019. 5. As is discernible from the record, the assessee finally in response to notices issued earlier, had filed a letter dated

KILARI VENKATA ROSAIAH,GUNTUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1),, GUNTUR

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.608/Viz/2018 (ननधधारण वर्ा/Assessment Year:2011-12) Kilari Venkata Rosaiah Vs Asst. Commissioner Of D.No.25-16-180 Income Tax G.T.Road, Amc Yard Circle-1(1) Guntur Guntur [Pan : Adspk7598L] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar प्रत्यधथी की ओर से / Respondent By : Shri S.Ravi Shankar Narayan, Dr सुनवधई की तधरीख / Date Of Hearing : 16.03.2020 घोर्णध की तधरीख/Date Of Pronouncement : 05.06.2020

reassessment proceedings in the hands of the assessee. The Ld.AR further submitted that on receipt of reply from the assessee, the AO dropped the proposed addition, but made the addition relating to short admission of capital gains. The assessee submitted that since the AO did not make any addition for which the reasons were recorded, the AO is not permitted

SURYANARAYANA VANGAPALLI,HYDERABAD vs. THE DYCIT,, VISAKHAPATNAM

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

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

133 & 134/2015- 16/CIT(A)-3/VSP/2017-18 dated 19.4.2017 for the assessment years 2006-07 to 2009-10. Since, the facts are identical and issues are common, they are clubbed, heard together and disposed-off by way of this common order for the sake of convenience. 2. A search and seizure operation was conducted

GODDI KANNA RAO,HYDERABAD vs. THE DYCIT,, VISAKHAPATNAM

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

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

133 & 134/2015- 16/CIT(A)-3/VSP/2017-18 dated 19.4.2017 for the assessment years 2006-07 to 2009-10. Since, the facts are identical and issues are common, they are clubbed, heard together and disposed-off by way of this common order for the sake of convenience. 2. A search and seizure operation was conducted