ACIT, EXEMPTIONS,, VIJAYAWADA vs. SRI PRAKASHA EDUCATIONAL SOCIETY,, TUNII

In the result, all the appeals filed by the revenue for the

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

reassessment proceedings were not valid and were liable to be quashed." This Bench of the Tribunal in the case of Arya Vysya Abhyudaya Sangham (supra) for asst. year 1998-99, in its order dated 25-6-2002 to which one of us was a party, was inclined to uphold the view of the Commissioner (Appeals) in that case by holding

ACIT, (EXEMPTIONS), EXEMPTIONS CIRCLE,, VIJAYAWADA vs. SRI PRAKASH EDUCATIONAL SOCIETY,, TUNI,

In the result, all the appeals filed by the revenue for the

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

reassessment proceedings were not valid and were liable to be quashed." This Bench of the Tribunal in the case of Arya Vysya Abhyudaya Sangham (supra) for asst. year 1998-99, in its order dated 25-6-2002 to which one of us was a party, was inclined to uphold the view of the Commissioner (Appeals) in that case by holding

ACIT,, VIJAYAWADA vs. SRI PRAKASH EDUCATIONAL SOCIETY, TUNI

In the result, all the appeals filed by the revenue for the

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

reassessment proceedings were not valid and were liable to be quashed." This Bench of the Tribunal in the case of Arya Vysya Abhyudaya Sangham (supra) for asst. year 1998-99, in its order dated 25-6-2002 to which one of us was a party, was inclined to uphold the view of the Commissioner (Appeals) in that case by holding

ARIMILLI RAMA KRISHNA,WEST GODAVARI DIST vs. ACIT, CIRCLE-1, RAJAHMUNDRY

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

reassessment proceedings are liable to be quashed. 4. The learned Commissioner of Income Tax (Appeals) is not justified in not quashing the assessment order passed by the assessing officer on the ground that the notice u/s 143(2) of the Act was not issued within the time stipulated under the Act. 5. Without prejudice to Ground no.2

BATHINA KUMARA SWAMY REDDY,NELLORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR

In the result, appeal of the assessee is allowed

Bench: Shri Veeravalli Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./I.T.A.Nos.287, 288 & 289/Viz/2025 (निर्धारणवर्ा/ Assessment Years: 2017-18, 2018-19 & 2019-20) Bathina Kumara Swamy Reddy V. Dcit – Central Circle -1 C.R. Building, Kannavari Thota Plot No. 7, Santhi Nagar Guntur – 522001, Andhra Pradesh Nellore - 524003 [Pan: Abxpb1094K] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

40(a)(ia) of the Act. 5. On the facts and circumstance of the case, the Learned CIT(Appeals) is not justified in confirming the disallowance of the Page No. 3 I.T.A.Nos.287, 288 & 289/VIZ/2025 Bathina Kumara Swamy Reddy short term capital loss incurred of Rs. 2,15,58,733/- on sale of listed equity shares. 6. On the facts

BTHINA KUMARA SWAMY REDDY,NELLORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR

In the result, appeal of the assessee is allowed

Bench: Shri Veeravalli Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./I.T.A.Nos.287, 288 & 289/Viz/2025 (निर्धारणवर्ा/ Assessment Years: 2017-18, 2018-19 & 2019-20) Bathina Kumara Swamy Reddy V. Dcit – Central Circle -1 C.R. Building, Kannavari Thota Plot No. 7, Santhi Nagar Guntur – 522001, Andhra Pradesh Nellore - 524003 [Pan: Abxpb1094K] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

40(a)(ia) of the Act. 5. On the facts and circumstance of the case, the Learned CIT(Appeals) is not justified in confirming the disallowance of the Page No. 3 I.T.A.Nos.287, 288 & 289/VIZ/2025 Bathina Kumara Swamy Reddy short term capital loss incurred of Rs. 2,15,58,733/- on sale of listed equity shares. 6. On the facts

BATHINA KUMARA SWAMY REDDY,NELLORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR

In the result, appeal of the assessee is allowed

Bench: Shri Veeravalli Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./I.T.A.Nos.287, 288 & 289/Viz/2025 (निर्धारणवर्ा/ Assessment Years: 2017-18, 2018-19 & 2019-20) Bathina Kumara Swamy Reddy V. Dcit – Central Circle -1 C.R. Building, Kannavari Thota Plot No. 7, Santhi Nagar Guntur – 522001, Andhra Pradesh Nellore - 524003 [Pan: Abxpb1094K] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

40(a)(ia) of the Act. 5. On the facts and circumstance of the case, the Learned CIT(Appeals) is not justified in confirming the disallowance of the Page No. 3 I.T.A.Nos.287, 288 & 289/VIZ/2025 Bathina Kumara Swamy Reddy short term capital loss incurred of Rs. 2,15,58,733/- on sale of listed equity shares. 6. On the facts

SRI DHARIPALLI SAMPATH,, ,WRANGAL vs. ACIT, CENTRAL CIRCLE-2, , VISAKHAPATNAM

In the result, the appeals of the assessee for the A

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

40,000 Total 26,76,000 Financial Year 2011-12 relevant to A.Y. 2012-13 D. Sampath Axis Bank, Narasaraopet 193010100133074 50,000 D. Sampath HDFC Bank, Dwarakanagar, 00501000158277 28,000 Visakhapatnam Total 78,000 Total Deposits for the F.Ys. 2005-06 to 2011-12 relevant to A.Ys. 2006-07 1,31,97,730 to 2012-13 The AO called

SRI DHARIPALLI SAMPATH,,WRANGAL vs. ACIT, CENTRAL CIRCLE-2,, VISAKHAPATNAM

In the result, the appeals of the assessee for the A

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

40,000 Total 26,76,000 Financial Year 2011-12 relevant to A.Y. 2012-13 D. Sampath Axis Bank, Narasaraopet 193010100133074 50,000 D. Sampath HDFC Bank, Dwarakanagar, 00501000158277 28,000 Visakhapatnam Total 78,000 Total Deposits for the F.Ys. 2005-06 to 2011-12 relevant to A.Ys. 2006-07 1,31,97,730 to 2012-13 The AO called

SRI DHARIPALLI SAMPATH,,WRANGAL vs. ACIT,CENTRAL CIRCLE-2,, VISAKHAPATNAM

In the result, the appeals of the assessee for the A

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

40,000 Total 26,76,000 Financial Year 2011-12 relevant to A.Y. 2012-13 D. Sampath Axis Bank, Narasaraopet 193010100133074 50,000 D. Sampath HDFC Bank, Dwarakanagar, 00501000158277 28,000 Visakhapatnam Total 78,000 Total Deposits for the F.Ys. 2005-06 to 2011-12 relevant to A.Ys. 2006-07 1,31,97,730 to 2012-13 The AO called

SRI DHARIPALLI SAMPATH,,,WRANGAL vs. ACIT, CENTRAL CIRCLE-2,, VISAKHAPATNAM

In the result, the appeals of the assessee for the A

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

40,000 Total 26,76,000 Financial Year 2011-12 relevant to A.Y. 2012-13 D. Sampath Axis Bank, Narasaraopet 193010100133074 50,000 D. Sampath HDFC Bank, Dwarakanagar, 00501000158277 28,000 Visakhapatnam Total 78,000 Total Deposits for the F.Ys. 2005-06 to 2011-12 relevant to A.Ys. 2006-07 1,31,97,730 to 2012-13 The AO called

SRI DHARIPALLI SAMPATH,, WRANGAL,WRANGAL vs. ACIT, CENTRAL CIRCLE-2,, VISAKHAPATNAM

In the result, the appeals of the assessee for the A

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

40,000 Total 26,76,000 Financial Year 2011-12 relevant to A.Y. 2012-13 D. Sampath Axis Bank, Narasaraopet 193010100133074 50,000 D. Sampath HDFC Bank, Dwarakanagar, 00501000158277 28,000 Visakhapatnam Total 78,000 Total Deposits for the F.Ys. 2005-06 to 2011-12 relevant to A.Ys. 2006-07 1,31,97,730 to 2012-13 The AO called

SRI DHARIPALLI SAMPATH,,WARANGAL vs. ACIT, CENTRAL CIRCLE-2,, VISAKHAPATNAM

In the result, the appeals of the assessee for the A

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

40,000 Total 26,76,000 Financial Year 2011-12 relevant to A.Y. 2012-13 D. Sampath Axis Bank, Narasaraopet 193010100133074 50,000 D. Sampath HDFC Bank, Dwarakanagar, 00501000158277 28,000 Visakhapatnam Total 78,000 Total Deposits for the F.Ys. 2005-06 to 2011-12 relevant to A.Ys. 2006-07 1,31,97,730 to 2012-13 The AO called

SRI DHARIPALLI SAMPATH,,WRANGAL vs. ACIT, CENTRAL CIRCLE-2,, VISAKHAPATNAM

In the result, the appeals of the assessee for the A

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

40,000 Total 26,76,000 Financial Year 2011-12 relevant to A.Y. 2012-13 D. Sampath Axis Bank, Narasaraopet 193010100133074 50,000 D. Sampath HDFC Bank, Dwarakanagar, 00501000158277 28,000 Visakhapatnam Total 78,000 Total Deposits for the F.Ys. 2005-06 to 2011-12 relevant to A.Ys. 2006-07 1,31,97,730 to 2012-13 The AO called

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

In the result, appeal of the assessee is dismissed

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

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 and observed that the assessee made the contract payments/credited amounts in excess of Rs.50000/- in aggregate to a single party / single lorry and attract

SATYANARAYANA KODURU,KRISHNA DIST vs. INCOME TAX OFFICER, WARD-1, GUDIWADA

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.491/Viz/2025 (िनधा"रण वष"/Assessment Year: 2016-17) Satyanarayana Koduru, Vs. Income Tax Officer, Krishna District. Ward-1, Pan:Altpk1048C Gudiwada. (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Shri C. Subrahmanyam, Ca राज" व "ारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई की तारीख/Date Of 02/12/2025 Hearing: घोषणा की तारीख/Date Of 05/12/2025 Pronouncement: आदेश / Order Per. Ravish Sood, Jm :

Section 147 r.w.s 144 r.w.s 144B of the Income-tax Act, 1961 (for short, “Act”), dated 10/01/2024, for the Assessment Year 2016-17. The assessee has 2 Satyanarayana Koduru vs. ITO assailed the impugned order of the CIT(Appeals) on the following grounds of appeal before us. “1) That on the facts and circumstances of the case

EMESCO BOOKS,,VIJAYAWADA vs. ITO, WARD-3(1), , VIJAYAWADA

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Blem/S. Emesco Books, Vs. Ito, Ward-3(1), D.No. 28-7-1, Nvkr Building, Vijayawada. Sk. Mohiddin Street, Governorpet, Vijayawada. Pan No. Aabfe 9960 G (Appellant) (Respondent)

reassessment order under section 147 of the Act on 30/10/2014. The Assessing Officer had made various additions on account of disallowance under section 40

DY CIT, CENTRAL CIRCLE,, VIJAYAWADA vs. CONZUG LOGISTICS PVT. LTD.,, VISAKHAPATNAM

In the result, the appeal filed by the revenue is dismissed and

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

reassessment as per the direction of the order passed under section 263 of the act and given effect to the revision order by passing assessment order dt.26.03.2015 u/s. 143(3) r.w.s. 263 of the Act. Thus the total income was assessed at Rs.74,50,790/- by making an addition of Rs.27,00,000/- towards unexplained cash credit and addition