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

150\ntaxmann.com 18 (Karnataka), wherein it was held that "the assesseefailed to\nsubstantiate loss with no credible evidences before lower authorities thereby\nfailing to discharge primary onus lies on him to do so in respect of expenditure\nclaimed by him in the return of income, order of Tribunal deserved to be set\naside.\"\n17. The Ld. CIT(A) ought

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

150\ntaxmann.com 18 (Karnataka), wherein it was held that "the assesseefailed to\nsubstantiate loss with no credible evidences before lower authorities thereby\nfailing to discharge primary onus lies on him to do so in respect of expenditure\nclaimed by him in the return of income, order of Tribunal deserved to be set\naside.\"\n17. The Ld. CIT(A) ought

INCOME TAX OFFICER, WARD-2(3), VIJAYAWADA vs. SREELAKSHMI MUSUNURU, PENAMALURU

Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.278/Viz/2024 (िनधा"रण वष"/Assessment Year: 2013-14) Income Tax Officer, Vs. Sreelakshmi Musunuru, Ward-2(3), Penamaluru. Vijayawada. Pan: Aojpm4884K (Appellant) (Respondent)

150/- vide Document No. 2683/2013, initiated proceedings under Section 147 of the Act. Notice under Section 148 of the Act, dated 31/03/2021 was issued to the assessee. CO. No. 08/Viz/2024 ITO vs. Sreelakshmi Musunuru 5. During the course of the assessment proceedings, the AO called upon the assessee to furnish the source of the investment made towards the purchase

DEVI SEA FOODS LIMITED,VISAKHAPATNAM vs. PRINCIPAL COMMISSIONER OF INCOME TAX, VISAKHAPATNAM

Appeal of the assessee is partly allowed for statistical\npurposes

150/-. The Ld. AO made an addition of\nRs.48,56,000/- under section 14A of the Act.\n3. Ld.Pr.CIT under powers vested in him as per provisions of section 263 of\nthe Act examined the assessment records and noticed that assessee has debited\nan amount of Rs.15,17,22,510/- towards “Fair value loss on derivative\ninstruments\" which

KODALI SURESH BABU,LABBIPET vs. INCOME TAX OFFICER WARD (INTERNATIONAL TAXATION), VIJAYAWADA

In the result, appeal of the assessee is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T. (It). A. No.231/Viz/2022 (निर्धारण वर्ा/ Assessment Year : 2016-17) Kodali Suresh Babu, Vs. Income Tax Officer, Labbipet. Ward (International Taxation), Pan: Atwpk 8835 C Vijayawada. (अपीलधर्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधर्थीकीओरसे/ Assessee By : Sri Gvn Hari, Ar प्रत्यधर्थीकीओरसे/ Revenue By : Dr. Aparna Villuri, Sr. Ar सुिवधईकीतधरीख/ Date Of Hearing : 26/03/2024 घोर्णधकीतधरीख/Date Of : 18/04/2024 Pronouncement O R D E R Per S. Balakrishnan:

150/- made by the Assessing Officer U/s. 69 of the Act towards alleged unexplained investment in purchases of property. 4. The Ld. CIT(A) is not justified in not accepting the amount of Rs. 95,00,000/- paid by the father of the appellant as a source for the investment in purchase of property. Any other grounds may be urged