GOWRIPATNAM PRIMARY AGRICULTURAL COOPERATIVE CREDIT SOCIETY LIMITED,GOWRIPATNAM vs. ITO, WARD-1, TADEPALLIGUDEM

reassessment proceedings,\nand the claim was new and not previouslydeclared, and but in\npresent case ie.., gowripatnam primary agricultural cooperative\ncredit society limited, the return was filed in response to a valid\nPage. No 4\nI.T.A.Nos.432, 433 & 434/VIZ/2025\nGowripatnam Primary Agricultural Cooperative\nCredit Society Limited --\nnoticeu/s 148, which reopens the assessment and allows a\nreassessment of total incomeincluding

DEPUTY COMMISSIONER OF INCOME TAX (IT), VISAKHAPATNAM vs. SHRI APPARAO MUKKAMALA, USA

In the result, the appeal filed by the revenue is dismissed, while for the cross-objection filed by the assessee is allowed

Bench: SHRI RAVISH SOOD, HON’BLE (Judicial Member), SHRI BALAKRISHNAN. S, HON’BLE (Accountant Member)

1) or where the return was furnished but no notice under Section 143(2) was served and the limitation had expired or where the assessment or reassessment was made. 19. As per Sub-section (3) the Section 153C shall not apply to the search or requisition made on or after 01.04.2021. 20. Section 153D provides that no order of assessment

VENKATA PRASAD PULIPATI,AMARAVATHI vs. INCOME-TAX OFFICER, WARD-2(1), GUNTUR

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.612/Viz/2025 (िनधा"रण वष"/Assessment Year: 2016-17) Venkata Prasad Pulipati, Vs. Income Tax Officer, Amaravathi. Ward-2(1), Pan: Asapp8796L Guntur. (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Shri I. Kama Sastry, Ca राज" व "ारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई की तारीख/Date Of 03/12/2025 Hearing: घोषणा की तारीख/Date Of 19/12/2025 Pronouncement: आदेश / Order

43,830/-. 4 Venkata Prasad Pulipati vs. ITO 4. Aggrieved, the assessee carried the matter in appeal before the CIT(A) but without success. 5. The assessee aggrieved with the order of the CIT(A) has carried the matter in appeal before us. 6. We have heard the Learned Authorised Representatives of both parties, perused the orders of the lower

SHAIK SAIDA,NUZVID vs. INCOME TAX OFFICER, WARD-3(1), VIJAYAWADA

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

Bench: the Tribunal and the assessee has filed an affidavit explaining the reasons, similar to the three appeals, which are extracted herein below:

reassessment proceedings initiated for AY 2015-16 are without jurisdiction, and hence the notice issued under section 148 and subsequent proceedings are Shaik Saida vs. ITO quashed. Accordingly, the assessment completed under section 147 of the Act is liable to quashed. Thus the ground raised by the assessee is allowed.” 14. Further, the Hon’ble Supreme Court in the case

SHAIK SAIDA,NUZVID vs. INCOME TAX OFFICER, WARD-3(1), VIJAYAWADA

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

Bench: the Tribunal and the assessee has filed an affidavit explaining the reasons, similar to the three appeals, which are extracted herein below:

reassessment proceedings initiated for AY 2015-16 are without jurisdiction, and hence the notice issued under section 148 and subsequent proceedings are Shaik Saida vs. ITO quashed. Accordingly, the assessment completed under section 147 of the Act is liable to quashed. Thus the ground raised by the assessee is allowed.” 14. Further, the Hon’ble Supreme Court in the case

AGRI GOLD FOODS AND FARM PRODUCTS LIMITED,VIJAYAWADA vs. ASST.COMMISSIONER OF INCOME TAX, CIRCLE-2(1), VIJAYAWADA

Bench: Us:

43(6) Explanation-2 and Sec.43(1), Explanation-6 were not followed during the impugned transfer of land to its subsidiary company. 5.4.5 Mere claim of market value as per revaluation by experts at Rs.23,61,95,760/- will not suffice when the actual cost of impugned land in the books of appellant was Rs 1

SHAIK SAIDA,NUZVID vs. INCOME TAX OFFICER, WARD-3(1), VIJAYAWADA

reassessment proceedings\ninitiated for AY 2015-16 are without jurisdiction, and hence the\nnotice issued under section 148 and subsequent proceedings are\n\n12\nITA No. 336, 337 and 338/Viz/2025\nShaik Saida vs. ITO\nquashed. Accordingly, the assessment completed under section\n147 of the Act is liable to quashed. Thus the ground raised by the\nassessee is allowed.\n14. Further

NAVYA HASINI AND HARSHITHA CONSTRUCTIONS AND DEVELOPERS,BHIMAVARAM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, RAJAHMUNDRY

In the result, appeal of the assessee is allowed

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

43 that the assessee has received Rs. 42 lakhs for the sale of one flat admeasuring 1051 sq feet. Further, the Ld. AR contended before the Ld. CIT(A) that the Ld. AO arrived sale rate of Rs. 4000/- per sq ft based on the loose sheet material and found that the assessee has sold 1051 sq. ft and thereby

NAVYA HASINI AND HARSHITHA CONSTRUCTIONS AND DEVELOPERS, ,BHIMAVARAM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, RAJAHMUNDRY

In the result, appeal of the assessee is allowed

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

43 that the assessee has received Rs. 42 lakhs for the sale of one flat admeasuring 1051 sq feet. Further, the Ld. AR contended before the Ld. CIT(A) that the Ld. AO arrived sale rate of Rs. 4000/- per sq ft based on the loose sheet material and found that the assessee has sold 1051 sq. ft and thereby

NAVYA HASINI AND HARSHITHA CONSTRUCTIONS AND DEVELOPERS,BHIMAVARAM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, RAJAHMUNDRY

In the result, appeal of the assessee is allowed

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

43 that the assessee has received Rs. 42 lakhs for the sale of one flat admeasuring 1051 sq feet. Further, the Ld. AR contended before the Ld. CIT(A) that the Ld. AO arrived sale rate of Rs. 4000/- per sq ft based on the loose sheet material and found that the assessee has sold 1051 sq. ft and thereby

MAA MAHAMAYA INDUSTRIES LIMITED,CHHATTISGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

43,788 Dolomite / limestone 3.820 1,400 5,348 Total 1,83,46,348 Deficit Stock: Produce Name Difference (MT) Rate per MT Amount in Rs. Sponge Iron 98.550 20,000 19,71,000 TMT Bars 35.882 36,000 12,91,752 Scrap 41.986 23,000 9,65,678 Pig Iron 3.467 23,000 79,741 Low Grade Sponge

MAA MAHAMAYA INDUSTRIES LIMITED,CHHATTISGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

43,788 Dolomite / limestone 3.820 1,400 5,348 Total 1,83,46,348 Deficit Stock: Produce Name Difference (MT) Rate per MT Amount in Rs. Sponge Iron 98.550 20,000 19,71,000 TMT Bars 35.882 36,000 12,91,752 Scrap 41.986 23,000 9,65,678 Pig Iron 3.467 23,000 79,741 Low Grade Sponge

MAA MAHAMAYA INDUSTRIES LIMITED,CHHATTISGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

43,788 Dolomite / limestone 3.820 1,400 5,348 Total 1,83,46,348 Deficit Stock: Produce Name Difference (MT) Rate per MT Amount in Rs. Sponge Iron 98.550 20,000 19,71,000 TMT Bars 35.882 36,000 12,91,752 Scrap 41.986 23,000 9,65,678 Pig Iron 3.467 23,000 79,741 Low Grade Sponge

MAA MAHAMAYA INDUSTRIES LIMITED,CHHATTISGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

43,788 Dolomite / limestone 3.820 1,400 5,348 Total 1,83,46,348 Deficit Stock: Produce Name Difference (MT) Rate per MT Amount in Rs. Sponge Iron 98.550 20,000 19,71,000 TMT Bars 35.882 36,000 12,91,752 Scrap 41.986 23,000 9,65,678 Pig Iron 3.467 23,000 79,741 Low Grade Sponge

MAA MAHAMAYA INDUSTRIES LIMITED,CHHATTISGARH vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Ble & Shri S Balakrishnan, Hon’Ble

43,788 Dolomite / limestone 3.820 1,400 5,348 Total 1,83,46,348 Deficit Stock: Produce Name Difference (MT) Rate per MT Amount in Rs. Sponge Iron 98.550 20,000 19,71,000 TMT Bars 35.882 36,000 12,91,752 Scrap 41.986 23,000 9,65,678 Pig Iron 3.467 23,000 79,741 Low Grade Sponge

ANANDA AQUA EXPORTS,GANAPAVARAM vs. INCOME TAX OFFICER, WARD-1, BHIMAVARM

In the result, appeal of the assessee is partly allowed for statistical\npurposes

43,000/- were made by the assessee firm\nPage. No 5\nduring the demonetization period and debit transactions to the tune of\nRs.30,87,40,537 / - were made by the assessee firm.\nThe above information suggests that income chargeable to tax in\nthis case for theAY 2017-18 has escaped assessment as per the provisions\nof the Act, for which

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), VIJAYAWADA, VIJAYAWADA vs. VEDMUTHA ELECTRICALS INDIA PRIVATE LIMITED, VIJAYAWADA

In the result, all the captioned appeals filed by the Revenue are allowed for statistical purposes

Bench: Us:

reassessment proceedings initiated vide notice u/s 148 of the Act, dated 29.06.2021, had culminated into the assessment order passed by the A.O under Section 147 of the Act, dated 23.03.2023, therefore, it is the order passed by the Vedumutha Electricals India Private Limited. CIT(A), dated 29.11.2024 in Appeal No. CIT(A)-48, Mumbai /10553/2016-17 which alone for the subject

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), VIJAYAWADA, VIJAYAWADA vs. VEDMUTHA ELECTRICALS INDIA PRIVATE LIMITED, VIJAYAWADA

In the result, all the captioned appeals filed by the Revenue are allowed for statistical purposes

Bench: Us:

reassessment proceedings initiated vide notice u/s 148 of the Act, dated 29.06.2021, had culminated into the assessment order passed by the A.O under Section 147 of the Act, dated 23.03.2023, therefore, it is the order passed by the Vedumutha Electricals India Private Limited. CIT(A), dated 29.11.2024 in Appeal No. CIT(A)-48, Mumbai /10553/2016-17 which alone for the subject