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2 results for “reassessment”+ Section 207clear

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Key Topics

Section 271(1)(c)6Section 1486Section 1473Reassessment2Addition to Income2

GAIRUBOINA SUBBAIAH L/R OF LATE GAIRUBOINA SAMBASIVA RAO,GUNTUR vs. INCOME TAX OFFICER, WARD-2(1), GUNTUR

In the result, appeal of the assessee is allowed for statistical purposes

ITA 270/VIZ/2025[2015-16]Status: DisposedITAT Visakhapatnam18 Jun 2025AY 2015-16
Section 144Section 147Section 148Section 69A

section 144 of the Act and determined the\nincome of the assessee at Rs.39,62,242/- by making addition of Rs. 29,61,207/-\ntowards income from other sources and Rs.10,0101,035/- towards income from\ncapital gains.\n3. On being aggrieved, assessee preferred an appeal before Ld. CIT(A) but\nthe assessee even after receipt of the hearing notices

RAGHURAM HUME PIPES PRIVATE LIMITED,GUNTUR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), GUNTUR

In the result, appeal filed by the assessee is allowed

ITA 233/VIZ/2024[2016-17]Status: Disposed
ITAT Visakhapatnam
07 Mar 2025
AY 2016-17

Bench: Shrik Narasimha Chary, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./ I.T.A.233/Viz/2024 (ननधधारण वर्ा/ Assessment Year:2016-17) Raghuram Hume Pipes Private Limited, Vs. Assistant Commissioner Of Guntur-522002. Income Tax, Pan: Aaccr6125N Circle-2(1), Guntur. (अपीलधथी/ Appellant) (प्रत्यथी/ Respondent) अपीलधथी की ओर से/ Assessee By : Sri C. Subrahmanyam, Ca प्रत्यधथी की ओर से/ Revenue By : Dr. Aparna Villuri, Sr. Ar

For Appellant: Sri C. Subrahmanyam, CAFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 133ASection 139(1)Section 143(2)Section 143(3)Section 147Section 148Section 250Section 271(1)(c)Section 274(2)

reassessment notice, and there was no deliberate act of concealment of furnishing of inaccurate particulars of income. 5. The Ld. CIT(A) failed to consider the submissions and explanations provided by the assessee, instead, the appeal was dismissed in summary and casual manner, which cannot sustain the test of legal scrutiny. 6. For these and other reasons that