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8 results for “reassessment u/s 147”+ Section 113clear

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Key Topics

Section 153C27Section 14719Section 143(2)16Section 14814Section 143(3)13Section 1329Section 143(1)8Addition to Income8Depreciation

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

ITA 354/VIZ/2025[2016-17]Status: DisposedITAT Visakhapatnam30 Sept 2025AY 2016-17

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

Section 144C(3)Section 147Section 148Section 153CSection 69A

u/s 69A of the Act. The Ld. AR had further drawn our attention to a host of judicial pronouncements that were pressed into service by him to drive home his aforesaid respective contentions. 14. We have considered the rival submissions and perused the record. Admittedly, it is a matter of fact borne from record that the impugned reassessment proceedings

ARIHANT CONSTRUCTIONS, ,VISAKHAPATNAM vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1), , VISAKHAPATNAM

4
Reassessment4
Reopening of Assessment4

In the result, appeals of the assessee for the A

ITA 321/VIZ/2019[2011-12]Status: DisposedITAT Visakhapatnam23 Aug 2019AY 2011-12

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.321-325/Viz/2019 (ननधधारण वर्ा/Assessment Year : 2011-12 To 2015-16) M/S Arihant Constructions Vs. Asst.Commissioner Of Income Tax M/S B.V.Rao & Co Llp Circle-4(1) Chartered Accountants Visakhapatnam Ff-1, Satya Lakshmi Vinayaka Towers, Madhuranagar Visakhapatnam [Pan : Aarfa0600P] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri B.V.Rao, Ar प्रत्यधथी की ओर से / Respondent By : Shri D.V.Subba Rao, Dr सुनवधई की तधरीख / Date Of Hearing : 05.08.2019 घोर्णध की तधरीख/Date Of Pronouncement : 23 .08.2019

For Appellant: Shri B.V.Rao, ARFor Respondent: Shri D.V.Subba Rao, DR
Section 143(1)Section 143(2)Section 143(3)Section 147Section 148

reassessment proceedings u/s. 147 of the Act on the basis of information received from Investigation Wing that the assessee had received certain amount as a loan from a company, working as Entry Operator and earning bogus funds to provide advances to various persons, was justified. While doing so, it is observed by the Hon'ble High Court that

ARIHANT CONSTRUCTIONS, ,VISAKHAPATNAM vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1),, VISAKHAPATNAM

In the result, appeals of the assessee for the A

ITA 322/VIZ/2019[2012-13]Status: DisposedITAT Visakhapatnam23 Aug 2019AY 2012-13

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.321-325/Viz/2019 (ननधधारण वर्ा/Assessment Year : 2011-12 To 2015-16) M/S Arihant Constructions Vs. Asst.Commissioner Of Income Tax M/S B.V.Rao & Co Llp Circle-4(1) Chartered Accountants Visakhapatnam Ff-1, Satya Lakshmi Vinayaka Towers, Madhuranagar Visakhapatnam [Pan : Aarfa0600P] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri B.V.Rao, Ar प्रत्यधथी की ओर से / Respondent By : Shri D.V.Subba Rao, Dr सुनवधई की तधरीख / Date Of Hearing : 05.08.2019 घोर्णध की तधरीख/Date Of Pronouncement : 23 .08.2019

For Appellant: Shri B.V.Rao, ARFor Respondent: Shri D.V.Subba Rao, DR
Section 143(1)Section 143(2)Section 143(3)Section 147Section 148

reassessment proceedings u/s. 147 of the Act on the basis of information received from Investigation Wing that the assessee had received certain amount as a loan from a company, working as Entry Operator and earning bogus funds to provide advances to various persons, was justified. While doing so, it is observed by the Hon'ble High Court that

ARIHANT CONSTRUCTIONS, ,VISAKHAPATNAM vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1), , VISAKHAPATNAM

In the result, appeals of the assessee for the A

ITA 324/VIZ/2019[2014-15]Status: DisposedITAT Visakhapatnam23 Aug 2019AY 2014-15

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.321-325/Viz/2019 (ननधधारण वर्ा/Assessment Year : 2011-12 To 2015-16) M/S Arihant Constructions Vs. Asst.Commissioner Of Income Tax M/S B.V.Rao & Co Llp Circle-4(1) Chartered Accountants Visakhapatnam Ff-1, Satya Lakshmi Vinayaka Towers, Madhuranagar Visakhapatnam [Pan : Aarfa0600P] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri B.V.Rao, Ar प्रत्यधथी की ओर से / Respondent By : Shri D.V.Subba Rao, Dr सुनवधई की तधरीख / Date Of Hearing : 05.08.2019 घोर्णध की तधरीख/Date Of Pronouncement : 23 .08.2019

For Appellant: Shri B.V.Rao, ARFor Respondent: Shri D.V.Subba Rao, DR
Section 143(1)Section 143(2)Section 143(3)Section 147Section 148

reassessment proceedings u/s. 147 of the Act on the basis of information received from Investigation Wing that the assessee had received certain amount as a loan from a company, working as Entry Operator and earning bogus funds to provide advances to various persons, was justified. While doing so, it is observed by the Hon'ble High Court that

ARIHANT CONSTRUCTIONS, ,VISAKHAPATNAM vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1),, VISAKHAPATNAM

In the result, appeals of the assessee for the A

ITA 323/VIZ/2019[2013-14]Status: DisposedITAT Visakhapatnam23 Aug 2019AY 2013-14

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.321-325/Viz/2019 (ननधधारण वर्ा/Assessment Year : 2011-12 To 2015-16) M/S Arihant Constructions Vs. Asst.Commissioner Of Income Tax M/S B.V.Rao & Co Llp Circle-4(1) Chartered Accountants Visakhapatnam Ff-1, Satya Lakshmi Vinayaka Towers, Madhuranagar Visakhapatnam [Pan : Aarfa0600P] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri B.V.Rao, Ar प्रत्यधथी की ओर से / Respondent By : Shri D.V.Subba Rao, Dr सुनवधई की तधरीख / Date Of Hearing : 05.08.2019 घोर्णध की तधरीख/Date Of Pronouncement : 23 .08.2019

For Appellant: Shri B.V.Rao, ARFor Respondent: Shri D.V.Subba Rao, DR
Section 143(1)Section 143(2)Section 143(3)Section 147Section 148

reassessment proceedings u/s. 147 of the Act on the basis of information received from Investigation Wing that the assessee had received certain amount as a loan from a company, working as Entry Operator and earning bogus funds to provide advances to various persons, was justified. While doing so, it is observed by the Hon'ble High Court that

KAMALA DEVI,,KAKINADA vs. THE ACIT,, RAJAHMUNDRY

In the result, all the appeals filed by the assessee are allowed

ITA 115/VIZ/2017[2007-2008]Status: DisposedITAT Visakhapatnam03 Aug 2018AY 2007-2008

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble

For Appellant: ShriP. Prabhakara Murthy –AdvFor Respondent: ShriDeba Kumar Sonawal, CIT DR
Section 132Section 143(2)Section 143(3)Section 153C

113 to 115/VIZ/2017 (Asst. Year: 2005-06 to 2007-08) Smt. Kamala Devi, vs. ACIT, Central Circle, W/o Sri Mahendra Kumar Jain, Rajahmundry. D.No. 37-2-19, Market Street, Kakinada (E.G. District). PAN No. AHDPK 3736 F (Appellant) (Respondent) Assessee by : ShriP. Prabhakara Murthy –Adv. Department By : ShriDeba Kumar Sonawal, CIT DR Date of hearing : 25/07/2018. Date of pronouncement : 03/08/2018

KAMALA DEVI,,KAKINADA vs. THE ACIT,, RAJAHMUNDRY

In the result, all the appeals filed by the assessee are allowed

ITA 114/VIZ/2017[2006-2007]Status: DisposedITAT Visakhapatnam03 Aug 2018AY 2006-2007

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble

For Appellant: ShriP. Prabhakara Murthy –AdvFor Respondent: ShriDeba Kumar Sonawal, CIT DR
Section 132Section 143(2)Section 143(3)Section 153C

113 to 115/VIZ/2017 (Asst. Year: 2005-06 to 2007-08) Smt. Kamala Devi, vs. ACIT, Central Circle, W/o Sri Mahendra Kumar Jain, Rajahmundry. D.No. 37-2-19, Market Street, Kakinada (E.G. District). PAN No. AHDPK 3736 F (Appellant) (Respondent) Assessee by : ShriP. Prabhakara Murthy –Adv. Department By : ShriDeba Kumar Sonawal, CIT DR Date of hearing : 25/07/2018. Date of pronouncement : 03/08/2018

KAMALA DEVI,,KAKINADA vs. THE ACIT,, RAJAHMUNDRY

In the result, all the appeals filed by the assessee are allowed

ITA 113/VIZ/2017[2005-2006]Status: DisposedITAT Visakhapatnam03 Aug 2018AY 2005-2006

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble

For Appellant: ShriP. Prabhakara Murthy –AdvFor Respondent: ShriDeba Kumar Sonawal, CIT DR
Section 132Section 143(2)Section 143(3)Section 153C

113 to 115/VIZ/2017 (Asst. Year: 2005-06 to 2007-08) Smt. Kamala Devi, vs. ACIT, Central Circle, W/o Sri Mahendra Kumar Jain, Rajahmundry. D.No. 37-2-19, Market Street, Kakinada (E.G. District). PAN No. AHDPK 3736 F (Appellant) (Respondent) Assessee by : ShriP. Prabhakara Murthy –Adv. Department By : ShriDeba Kumar Sonawal, CIT DR Date of hearing : 25/07/2018. Date of pronouncement : 03/08/2018