HERMON EDUCATIONAL SOCIETY,VISAKHAPATNAM vs. INCOME TAX OFFICER (EXEMPTION WARD), VISAKHAPATNAM

In the result, appeal of the assessee is partly allowed

Bench: Shri G. Manjunatha & Shri K. Narasimha Chary

Section 68 does not need any introduction. To summarise, it taxes any credit appearing in the books of an assessee, where the assessee is not able to or not satisfactorily able to explain the nature and source of 10 ITA.No.347/VIZ./2024 such credit. It is a deeming fiction, which taxes a credit as income on unsatisfactory explanation about

SANTOSH AGRAWAL,CHATTISGARH vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRLCE-1, VISAKHAPATNAM

section 68\nof the Act.\n8. Further, it was also observed by the Ld. AO that the assessee and its\nfamily members had invested in M/s. Maa Mahamaya Industries Limited and\nM/s. GVA Industries Pvt. Ltd. Ld. AO found that initially huge share capital\nwas invested by several companies based at Kolkata and Delhi. The shares\nwere allotted

ASSISTANT COMMISSIONER OF INCOME TAX, GUNTUR vs. DONKALA CHENCHU NARASIMHA RAO, NELLORE

17 18 19 20 21\n22 23 24 25 26 27 26\n19. mahAbuddhir mahAyiryo mahAshaktir mahAdhyuthill\nanirdeshyavapub slarimAn amey AtmA mahAdbri dhRk\nPage. No 6\nI.T.A.No.408/VIZ/2025\nI.T.A.No.460/VIZ/2025\nDonakala Chenchu Narasimha Rao --\n9. The contention of the Ld.AR is that these cash payments was made for\nthe purpose of business and not for payment of on-money

SRI RAJANI GOLD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), VIJAYAWADA

In the result, appeal of the assessee is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./I.T.A.No.162/Viz/2023 (निर्धारण वर्ा/ Assessment Year: 2017-18) Sri Rajani Gold V. Asst. Cit – Circle – 1(1) D.No. 11-49-336B Central Revenue Building Sivalayam Street, I Town Mg Road – 520001 Vijayawada – 520001 Vijayawada, Andhra Pradesh Andhra Pradesh [Pan: Aacfs6675E] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

17. In our considered view, the provisions of section 68 of the Act cannot be invoked by the Revenue

RANAR AGROCHEM LIMITED,PARAWADA vs. DEPUTY COMMISSIONER OF INCOME TAX, VISAKHAPATNAM

Bench: Shri Manjunatha G. & Shri Ravish Soodआ.अपी.सं /Ita No.288/Viz/2024 (िनधा"रण वष"/Assessment Year:2014-15) Ranar Agrochem Limited, Vs. Deputy Commissioner Visakhapatnam. Of Income Tax, Visakhapatnam. Pan: Aaccp0372M (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri M. Madhusudan, Ca (Hybrid) राज" व "ारा/Revenue By: Sri Jenardhanan V, Cit-Dr सुनवाई की तारीख/Date Of Hearing: 14/10/2025 घोषणा की तारीख/Date Of 31/10/2025 Pronouncement: आदेश / Order Per. Ravish Sood, J.M: The Present Appeal Filed By The Assessee Company Is Directed Against The Order Passed By The Commissioner Of Income-Tax (Appeals), National Faceless Appeal Center (Nfac), Delhi, Dated 15/05/2024, Which In Turn Arises From The Order Passed By The Assessing Officer (For Short, “A.O.”) Under Section 143(3) Of The Income Tax Act, 1961 (For Short “The Act”) Dated 30/12/2016 For A.Y.

section 68 of the Act. The Grounds of appeal No. 4 and 5 are dismissed. 17. The Grounds of appeal

ASHOK KUMAR AGRAWAL,VISAKHAPATNAM vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

section 68\nof the Act.\n\n8. Further, it was also observed by the Ld. AO that the assessee and its\nfamily members had invested in M/s. Maa Mahamaya Industries Limited and\nM/s. GVA Industries Pvt. Ltd. Ld. AO found that initially huge share capital\nwas invested by several companies based at Kolkata and Delhi. The shares\nwere allotted

LINTON PROJECTS PRIVATE LIMITED,VIZIANAGARAM vs. THE INCOME TAX OFFICER, WARD-1, , VIZIANAGARAM

In the result, appeal of the revenue is dismissed in limine and Cross objection filed is assessee is dismissed as infructuous

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

17 I.T.A. No. 227/VIZ/2020 I.T.A. No. 117/VIZ/2021& C.O. No. 13/VIZ/2023 M/s. Linton Projects Private Limited& Smt. Poosarla Satyavathi admitting a total income of Rs. 2,56,940/-. A search and seizure operation under section 132 of the Act was conducted on 15-09-2017 by the Deputy Director of Income tax (Inv.), Unit-III (1), Visakhapatnam at the premises

THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, , VISAKHAPATNAM vs. POOSARLA SATYAVATHI, VIZIANAGARAM

In the result, appeal of the revenue is dismissed in limine and Cross objection filed is assessee is dismissed as infructuous

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

17 I.T.A. No. 227/VIZ/2020 I.T.A. No. 117/VIZ/2021& C.O. No. 13/VIZ/2023 M/s. Linton Projects Private Limited& Smt. Poosarla Satyavathi admitting a total income of Rs. 2,56,940/-. A search and seizure operation under section 132 of the Act was conducted on 15-09-2017 by the Deputy Director of Income tax (Inv.), Unit-III (1), Visakhapatnam at the premises

ARAVIND REDDY DEVAGIRI,GUNTUR vs. INCOME TAX OFFICE, WARD-2(2), GUNTUR

In the result, appeal filed by the assessee is partly allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.No.267/Viz/2024 (निर्धारण वर्ा/ Assessment Year: 2017-18) Aravind Reddy Devagiri V. Income Tax Officer – Ward 2(2) 14-19-35, 1St Lane Vijayapuri Guntur Andhra Pradesh Jkc College Road, Guntur 522006 Andhra Pradesh [Pan: Auepd7820R] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

section 68 of the Act. The Ld.AR submitted that assessee has introduced capital by way of cash for Rs. 20,000/- and has paid insurance amount for Rs.1,20,000/- which was credited at the capital account of the assessee. Ld.AR submitted that considering the quantum of cash of Rs. 20,000/- introduced by the assessee as capital which

DONKALA CHENCHU NARASIMHA RAO,NELLORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR

17 18 19 20 21\n22 23 24 25 26 27 26\n19. mahAbuddhir mahAyiryo mahAshaktir mahAdhyuthill\nanirdeshyavapub slarimAn amey AtmA mahAdbri dhRk\nPage. No 6\nI.T.A.No.408/VIZ/2025\nI.T.A.No.460/VIZ/2025\nDonakala Chenchu Narasimha Rao --\n9.\nThe contention of the Ld.AR is that these cash payments was made for\nthe purpose of business and not for payment of on-money

VALLABHAI PATEL KOTTAPALLI,KRISHNA DIST vs. INCOME TAX OFFICER, WARD-2(4), VIJAYAWADA

68,100/- on 17-12-2016 & Rs.4,34,850/-\non 11-01-2017 by the A P Civil Supplies Department. 'However, in his letter,\nthe assessee stated that the net income received from paddy sales was\nRs.11,00,220/-. On a perusal of the same, it is clear that the entire paddy\nPage No. 6\nwas sold to AP Civil

DEPUTY COMMISSIONER OF INCOME TAX, GUNTUR vs. VENKATRAMA POULTRIES PVT. LTD, GUNTUR

17,39,094/- and by giving credit to the admission made\nwhile filing the return of income under section 148 of the Act amounting to\nRs.5,56,52,166/- made addition of Rs.21,60,86,928/-.\n9. Further, Ld. AO also made addition on unaccounted excess sales found in\nERP data in comparing with return of income amounting

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), , VISAKHAPATNAM vs. ALFA ELECTRONIC SERVICES(INDIA) PRIVATE LIMITED,, VISAKHAPATNAM

In the result, appeal filed by the revenue is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.Nos. 50, 51 & 53/Viz/2021 (निर्धारण वर्ा/ Assessment Years: 2013-14, 2014-15 & 2015-16) Acit – Circle – 1(1) V. M/S. Alfa Electronic Services (India) Prathyakshakar Bhavan, Sector – 8 Private Limited Mvp Double Road, 49-22-5, Sri Sai Mansions Visakhapatnam – 530017 Lalitha Nagar, Visakhapatnam – 530016 Andhra Pradesh Andhra Pradesh [Pan: Aahca3583E] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

17. Brief facts of the case are that, assessee is engaged in the activity of Design and Development of various Electronic Systems belonging to Missiles, War Ships and War Air crafts etc., of Ministry of Defence. The case was selected for scrutiny under CASS and notice under section 148 of the Act was issued on 16.04.2016. In response

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1),, VISAKHAPATNAM vs. ALFA ELECTRONIC SERVICES(INDIA) PRIVATE LIMITED, VISAKHAPTNAM

In the result, appeal filed by the revenue is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.Nos. 50, 51 & 53/Viz/2021 (निर्धारण वर्ा/ Assessment Years: 2013-14, 2014-15 & 2015-16) Acit – Circle – 1(1) V. M/S. Alfa Electronic Services (India) Prathyakshakar Bhavan, Sector – 8 Private Limited Mvp Double Road, 49-22-5, Sri Sai Mansions Visakhapatnam – 530017 Lalitha Nagar, Visakhapatnam – 530016 Andhra Pradesh Andhra Pradesh [Pan: Aahca3583E] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

17. Brief facts of the case are that, assessee is engaged in the activity of Design and Development of various Electronic Systems belonging to Missiles, War Ships and War Air crafts etc., of Ministry of Defence. The case was selected for scrutiny under CASS and notice under section 148 of the Act was issued on 16.04.2016. In response

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1),, VISAKHAPATNAM vs. ALFA ELECTRONIC SERVICES(INDIA) PRIVATE LIMITED, VISAKHAPTNAM

In the result, appeal filed by the revenue is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.Nos. 50, 51 & 53/Viz/2021 (निर्धारण वर्ा/ Assessment Years: 2013-14, 2014-15 & 2015-16) Acit – Circle – 1(1) V. M/S. Alfa Electronic Services (India) Prathyakshakar Bhavan, Sector – 8 Private Limited Mvp Double Road, 49-22-5, Sri Sai Mansions Visakhapatnam – 530017 Lalitha Nagar, Visakhapatnam – 530016 Andhra Pradesh Andhra Pradesh [Pan: Aahca3583E] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

17. Brief facts of the case are that, assessee is engaged in the activity of Design and Development of various Electronic Systems belonging to Missiles, War Ships and War Air crafts etc., of Ministry of Defence. The case was selected for scrutiny under CASS and notice under section 148 of the Act was issued on 16.04.2016. In response

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:

Section 68 of the Act. 17. Ostensibly, the CIT(A) had merely gone by the submissions filed by the assessee

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:

Section 68 of the Act. 17. Ostensibly, the CIT(A) had merely gone by the submissions filed by the assessee

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:

Section 68 of the Act. 17. Ostensibly, the CIT(A) had merely gone by the submissions filed by the assessee

ACIT, CIRCLE-1(1),, 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:

Section 68 of the Act. 17. Ostensibly, the CIT(A) had merely gone by the submissions filed by the assessee