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9 results for “section 68”+ Section 183clear

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Key Topics

Section 153A24Section 143(3)10Section 143(2)9Addition to Income9Section 1327Search & Seizure7Section 686Section 139(1)5Section 142(1)

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, KAKINADA vs. SRI JIYYANA VENKATARAYUDU (HUF), KAKINADA

In the result, appeal of the Revenue is dismissed

ITA 173/VIZ/2024[2017-18]Status: DisposedITAT Visakhapatnam09 Oct 2024AY 2017-18

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No. 173/Viz/2024 (िनधा"रण वष" / Assessment Year: 2017-18) Asst. Commissioner Of Income Vs. Sri Jiyyana Venkatarayudu Tax, Circle-1, (Huf), Thimmapuram Village, Kakinada. Kakinada. Pan: Aahhj3600A (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Appellant By : Sri Gvn Hari, Ar ""याथ" क" ओर से / Respondent By : Dr. Aparna Villuri, Sr. Ar सुनवाई क" तारीख / Date Of Hearing : 25/09/2024 घोषणा क" तारीख/Date Of : 09/10/2024 Pronouncement O R D E R

For Appellant: Sri GVN Hari, ARFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 139(1)Section 144Section 183Section 184Section 185Section 187Section 187(3)
5
Section 1444
Section 197
Section 271
Section 271F

183 but no tax, surcharge and penalty referred to in section 184 and section 185 has been paid within the time specified under section 187, the undisclosed income shall be chargeable to tax under the income tax Act in the previous year in which such declaration is made. The Ld. DR further submitted that if the declaration

THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, VISAKHAPATNAM vs. ATR WAREHOUSING PRIVATE LIMITED, VISAKHAPATNAM

In the result, appeal of the Revenue is dismissed

ITA 103/VIZ/2020[2012-13]Status: DisposedITAT Visakhapatnam21 Dec 2022AY 2012-13

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

For Respondent: Sri MN Murthy Naik, CIT-DR
Section 132Section 143(3)Section 153A

68,449/- disallowing the interest paid to bank by holding that the advances taken by the assessee are not related to the business activity carried out by the assessee and therefore interest paid to 8 bank relatable to such interest free advances is not allowable U/s. 36(1)(iii) of the Act. 9. Accordingly, the Ld. AO completed the assessment

THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, VISAKHAPATNAM vs. ATR WAREHOUSING PRIVATE LIMITED, VISAKHAPATNAM

In the result, appeal of the Revenue is dismissed

ITA 102/VIZ/2020[2011-12]Status: DisposedITAT Visakhapatnam21 Dec 2022AY 2011-12

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

For Respondent: Sri MN Murthy Naik, CIT-DR
Section 132Section 143(3)Section 153A

68,449/- disallowing the interest paid to bank by holding that the advances taken by the assessee are not related to the business activity carried out by the assessee and therefore interest paid to 8 bank relatable to such interest free advances is not allowable U/s. 36(1)(iii) of the Act. 9. Accordingly, the Ld. AO completed the assessment

THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, , VISAKHAPATNAM vs. ANUMOLU TIRUPATI RAYUDU(HUF),, VISAKHAPATNAM

In the result, appeal of the Revenue is dismissed

ITA 100/VIZ/2020[2014-15]Status: DisposedITAT Visakhapatnam21 Dec 2022AY 2014-15

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

For Respondent: Sri MN Murthy Naik, CIT-DR
Section 132Section 143(3)Section 153A

68,449/- disallowing the interest paid to bank by holding that the advances taken by the assessee are not related to the business activity carried out by the assessee and therefore interest paid to 8 bank relatable to such interest free advances is not allowable U/s. 36(1)(iii) of the Act. 9. Accordingly, the Ld. AO completed the assessment

BANNAVATU TULASI ,KANCHIKACHERLA vs. INCOME TAX OFFICER, WARD-1(1), VIJAYAWADA

In the result, appeal of the assessee is allowed

ITA 451/VIZ/2024[2015-16]Status: DisposedITAT Visakhapatnam07 Mar 2025AY 2015-16

Bench: Shri K Narasimha Chary, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. 451/Viz/2024 (ननधधारण वर्ा / Assessment Year : 2015-16) Baanavatu Tulasi, Vs. Income Tax Officer, M.P.P. School, Kopthapet, Ward-1(1), Kanchikacherla, Vijayawada. Krishna-521180. Pan: Afcpt1634C (अपीलधथी/ Appellant) (प्रत्यथी/ Respondent) अपीलधथी की ओर से/ Assessee By : Sri Mv Prasad, Ar प्रत्यधथी की ओर से / Revenue By : Dr. Aparna Villuri, Sr. Ar

For Appellant: Sri MV Prasad, ARFor Respondent: Dr. Aparna Villuri, Sr. AR
Section 139Section 142(1)Section 143(2)Section 147Section 148Section 24Section 69

section 69 of the Act. 6. Any other legal and factual ground that may be urged at the time of hearing of the appeal.” 3. Grounds No. 1 and 6 are general in nature and need no adjudication. 4. Grounds No. 2, 3 & 4 relate to the issuance of notice U/s.143(2) of the Act wherein the assessment

ANUMOLU AVNASH,VISAKHAPATNAM vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, , VISAKHAPATNAM

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

ITA 92/VIZ/2020[2010-11]Status: DisposedITAT Visakhapatnam21 Dec 2022AY 2010-11

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

For Appellant: Sri G.V.N. Hari, AdvocateFor Respondent: Sri MN Murthy Naik, CIT-DR
Section 132Section 139(1)Section 142(1)Section 143(2)Section 143(3)Section 153ASection 68

183, 184 & 185/2017-18/CIT(A)-3/VSP/2019-20, dated 31/10/2019 arising out of the order passed U/s. 143(3) r.w.s 153A of the Income Tax 2 Act, 1961 [the Act]. Since the issues raised in all these appeals are identical, for the sake of convenience, these appeals are clubbed, heard together and disposed off in this consolidated order. Considering the identical issues

ANUMOLU AVNASH,VISAKHAPATNAM vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2,, VISAKHAPATNAM

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

ITA 95/VIZ/2020[2014-15]Status: DisposedITAT Visakhapatnam21 Dec 2022AY 2014-15

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

For Appellant: Sri G.V.N. Hari, AdvocateFor Respondent: Sri MN Murthy Naik, CIT-DR
Section 132Section 139(1)Section 142(1)Section 143(2)Section 143(3)Section 153ASection 68

183, 184 & 185/2017-18/CIT(A)-3/VSP/2019-20, dated 31/10/2019 arising out of the order passed U/s. 143(3) r.w.s 153A of the Income Tax 2 Act, 1961 [the Act]. Since the issues raised in all these appeals are identical, for the sake of convenience, these appeals are clubbed, heard together and disposed off in this consolidated order. Considering the identical issues

ANUMOLU AVNASH,VISAKHAPATNAM vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2,, VISAKHAPATNAM

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

ITA 93/VIZ/2020[2012-13]Status: DisposedITAT Visakhapatnam21 Dec 2022AY 2012-13

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

For Appellant: Sri G.V.N. Hari, AdvocateFor Respondent: Sri MN Murthy Naik, CIT-DR
Section 132Section 139(1)Section 142(1)Section 143(2)Section 143(3)Section 153ASection 68

183, 184 & 185/2017-18/CIT(A)-3/VSP/2019-20, dated 31/10/2019 arising out of the order passed U/s. 143(3) r.w.s 153A of the Income Tax 2 Act, 1961 [the Act]. Since the issues raised in all these appeals are identical, for the sake of convenience, these appeals are clubbed, heard together and disposed off in this consolidated order. Considering the identical issues

ANUMOLU AVNASH,VISAKHAPATNAM vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2,, VISAKHAPATNAM

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

ITA 94/VIZ/2020[2013-14]Status: DisposedITAT Visakhapatnam21 Dec 2022AY 2013-14

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

For Appellant: Sri G.V.N. Hari, AdvocateFor Respondent: Sri MN Murthy Naik, CIT-DR
Section 132Section 139(1)Section 142(1)Section 143(2)Section 143(3)Section 153ASection 68

183, 184 & 185/2017-18/CIT(A)-3/VSP/2019-20, dated 31/10/2019 arising out of the order passed U/s. 143(3) r.w.s 153A of the Income Tax 2 Act, 1961 [the Act]. Since the issues raised in all these appeals are identical, for the sake of convenience, these appeals are clubbed, heard together and disposed off in this consolidated order. Considering the identical issues