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

56,720/- 7. The assessee firm, being aggrieved with the order of the CIT(A), has carried the matter in appeal before us. 8. We have heard the Learned Authorized Representatives of both parties, perused the orders of the lower authorities and the material available on record, as well as considered the judicial pronouncements that have been pressed into service

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

56 of the Act and not eligible for\ndeduction under section 80P of the Act.\n6. On being aggrieved, assessee filed an appeal before Ld. CIT(A).\nLd.CIT(A) sustained the order of the Ld. AO.\n7. On being aggrieved by the order of the Ld. CIT(A), assessee is in appeal\nbefore us by raising following grounds of appeal

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

56 of the Act and not eligible for\ndeduction under section 80P of the Act.\n6. On being aggrieved, assessee filed an appeal before Ld. CIT(A).\nLd.CIT(A) sustained the order of the Ld. AO.\n7. On being aggrieved by the order of the Ld. CIT(A), assessee is in appeal\nbefore us by raising following grounds of appeal

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

56 of the Act and not eligible for\ndeduction under section 80P of the Act.\n6.\nOn being aggrieved, assessee filed an appeal before Ld. CIT(A).\nLd.CIT(A) sustained the order of the Ld. AO.\n7.\nOn being aggrieved by the order of the Ld. CIT(A), assessee is in appeal\nbefore us by raising following grounds of appeal

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

section 149(1)(b) are not applicable. Judicially following the principles laid down by the Hon’ble Karnataka High Court in the case of Novo Nordisk India (P.) Ltd vs. DCIT (surpa), we are of the considered opinion that the reassessment notice issued by the Ld. AO is not in conformity with the provisions of the Act and hence

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

section 149(1)(b) are not applicable. Judicially following the principles laid down by the Hon’ble Karnataka High Court in the case of Novo Nordisk India (P.) Ltd vs. DCIT (surpa), we are of the considered opinion that the reassessment notice issued by the Ld. AO is not in conformity with the provisions of the Act and hence

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

section 149(1)(b) are not applicable. Judicially following the principles laid down by the Hon’ble Karnataka High Court in the case of Novo Nordisk India (P.) Ltd vs. DCIT (surpa), we are of the considered opinion that the reassessment notice issued by the Ld. AO is not in conformity with the provisions of the Act and hence

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

section 149(1)(b) are not applicable. Judicially following the principles laid down by the Hon’ble Karnataka High Court in the case of Novo Nordisk India (P.) Ltd vs. DCIT (surpa), we are of the considered opinion that the reassessment notice issued by the Ld. AO is not in conformity with the provisions of the Act and hence

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

Bench: Us:

56,79,202 Balance of land value as on 31.03.2007 Rs.4,86,58,293 …………….x……………x………….. 5.4 1. As per explanation of appellant, the cost of land transferred to M/s. Harithasadhana Projects Pvt. Ltd. was Rs.1,59,53,391/- out of the total deletion of fixed assets (land block) of Rs 2.56,79,202/- during the relevant Assessment Year

GUNTUPALLI NAGESWARA RAO,IBRAHIMPATNAM vs. INCOME TAX OFFICER, WARD 1(1), VIJAYAWADA

In the result, both the appeals filed by the assessee are allowed for statistical purposes

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

reassessment notice is issued for less than Rs.50 lacks escaped income for the period beyond 3 years. 3. The Ld. CIT(A) NFAC erred both on facts and in law in upholding the disallowance of deductions under Chapter VIA of Rs.3,84,267/- made vide assessment order passed u/s.147 without appreciating the facts and the evidences. 4. Any other ground/grounds

GUNTUPALLI NAGESWARA RAO,IBRAHIMPATNAM vs. INCOME TAX OFFICER, WARD 1(1), VIJAYAWADA

In the result, both the appeals filed by the assessee are allowed for statistical purposes

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

reassessment notice is issued for less than Rs.50 lacks escaped income for the period beyond 3 years. 3. The Ld. CIT(A) NFAC erred both on facts and in law in upholding the disallowance of deductions under Chapter VIA of Rs.3,84,267/- made vide assessment order passed u/s.147 without appreciating the facts and the evidences. 4. Any other ground/grounds

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

Appeal of the assessee is partly allowed for statistical\npurposes

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 is not an eligible expenditure. Further, Ld.Pr.CIT also\nnoticed that

DWARAMPUDI KRSS SUBBIREDDY L/R OF DWARAMPUDI RAMAKRISHNA REDDY,EAST GODAVARI DIST vs. INCOME TAX OFFICER, WARD-2, KAKINADA

In the result, the appeal is allowed for statistical purposes in terms of our aforesaid observations

Bench: Us:

56,309/- but the said explanation did not find favour with the A.O. Accordingly, the A.O. determined the income vide his order passed u/s 144 of the Act, dated 21.12.2019 at Rs. 15,04,580/-. 4 Dwarampudi K R S S Subbireddy, L/R of Dwarampudi Ramakrishna Reddy, 4. Aggrieved, an appeal was filed against the order passed

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 3(1), VISAKHAPATNAM vs. SSNR PROJECTS PRIVATE LIMITED, VISAKHAPATNAM

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Duvvuru Rl Reddy & Shri S Balakrishnanआयकरअपीलसं./ I.T.A. No.461/Viz/2024 (िनधा"रणवष"/ Assessment Year : 2020-21) Deputy Commissioner Of Income Vs. M/S. Ssnr Projects Private Tax, Circle-3(1), Limited, Visakhapatnam. Visakhapatnam. Pan: Aarcs 2464 C (अपीलाथ"/ Appellant) (""थ"/ Respondent) अपीलाथ"कीओरसे/ Assessee By : Sri Samuel Nagadesi ""ाथ"कीओरसे/ Revenue By : Dr. Aparna Villuri, Sr. Ar सुनवाईकीतारीख/ Date Of Hearing : 17/12/2024 घोषणाकीतारीख/Date Of : 31/01/2025 Pronouncement O R D E R

56,58,265/- U/s. 36(1)(va) of the Act on account of late deposit of employees’ contribution towards PF/ESI. Thus, the Ld. AO determined the assessed income of the assessee at Rs. 23,80,94,684/- against the returned income of Rs. 20,13,04,190/-. Aggrieved by the order of the Ld.AO, the assessee filed an appeal before

NANDYALA NAGA VENKATA RAJU,WEST GODAVARI DIST vs. INCOME TAX OFFICER, WARD-1, TANAKU

56,41,000/- [including cash deposits] in the assessee's bank account\nwith ICICI Bank bearing account NO. 044005001458 but he had not filed his return of\nincome for the subject year, initiated proceedings under section 147 of the Act. Notice\nunder section 148 of the Act dated 23.03.2021 was issued by the A.O. However, the\nassessee did not file

ACIT, 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 INCOME TAX OFFICER, 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

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