POLISETTY SOMASUNDARAM,GUNTUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR

In the result, appeal of the assessee for the AY 2020-21 is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.172 To 180/Viz/2023 ("नधा"रणवष"/ Assessment Year : 2012-13 To 2020-21) M/S. Polisetty Somasundaram, Vs. The Deputy Commissioner Of D.No. 8-24-31, Main Road, Income Tax, Mangalagiri Road, Central Circle-1, Guntur – 522001. Guntur. Pan: Aacfp 7251 J (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ"क"ओरसे/ Appellant By : Sri M.V. Prasad, Ar ""याथ"क"ओरसे/ Respondent By : Sri Mn Murthy Naik, Cit-Dr

195 Taxman 277 (Delhi) in para 6 of its order by relying on the decision of the Division Bench of Delhi High Court in the case of CIT vs. S.K. Katyal [2009] 308 ITR 168 which is as follows: 26 “5. In CIT v. S.K. Katyal[2009] 308 ITR 168 a Division Bench of this Court observed as under

POLISETTY SOMASUNDARAM,GUNTUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR

In the result, appeal of the assessee for the AY 2020-21 is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.172 To 180/Viz/2023 ("नधा"रणवष"/ Assessment Year : 2012-13 To 2020-21) M/S. Polisetty Somasundaram, Vs. The Deputy Commissioner Of D.No. 8-24-31, Main Road, Income Tax, Mangalagiri Road, Central Circle-1, Guntur – 522001. Guntur. Pan: Aacfp 7251 J (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ"क"ओरसे/ Appellant By : Sri M.V. Prasad, Ar ""याथ"क"ओरसे/ Respondent By : Sri Mn Murthy Naik, Cit-Dr

195 Taxman 277 (Delhi) in para 6 of its order by relying on the decision of the Division Bench of Delhi High Court in the case of CIT vs. S.K. Katyal [2009] 308 ITR 168 which is as follows: 26 “5. In CIT v. S.K. Katyal[2009] 308 ITR 168 a Division Bench of this Court observed as under

POLISETTY SOMASUNDARAM,GUNTUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR

In the result, appeal of the assessee for the AY 2020-21 is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.172 To 180/Viz/2023 ("नधा"रणवष"/ Assessment Year : 2012-13 To 2020-21) M/S. Polisetty Somasundaram, Vs. The Deputy Commissioner Of D.No. 8-24-31, Main Road, Income Tax, Mangalagiri Road, Central Circle-1, Guntur – 522001. Guntur. Pan: Aacfp 7251 J (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ"क"ओरसे/ Appellant By : Sri M.V. Prasad, Ar ""याथ"क"ओरसे/ Respondent By : Sri Mn Murthy Naik, Cit-Dr

195 Taxman 277 (Delhi) in para 6 of its order by relying on the decision of the Division Bench of Delhi High Court in the case of CIT vs. S.K. Katyal [2009] 308 ITR 168 which is as follows: 26 “5. In CIT v. S.K. Katyal[2009] 308 ITR 168 a Division Bench of this Court observed as under

POLISETTY SOMASUNDARAM,GUNTUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR

In the result, appeal of the assessee for the AY 2020-21 is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.172 To 180/Viz/2023 ("नधा"रणवष"/ Assessment Year : 2012-13 To 2020-21) M/S. Polisetty Somasundaram, Vs. The Deputy Commissioner Of D.No. 8-24-31, Main Road, Income Tax, Mangalagiri Road, Central Circle-1, Guntur – 522001. Guntur. Pan: Aacfp 7251 J (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ"क"ओरसे/ Appellant By : Sri M.V. Prasad, Ar ""याथ"क"ओरसे/ Respondent By : Sri Mn Murthy Naik, Cit-Dr

195 Taxman 277 (Delhi) in para 6 of its order by relying on the decision of the Division Bench of Delhi High Court in the case of CIT vs. S.K. Katyal [2009] 308 ITR 168 which is as follows: 26 “5. In CIT v. S.K. Katyal[2009] 308 ITR 168 a Division Bench of this Court observed as under

POLISETTY SOMASUNDARAM,GUNTUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR

In the result, appeal of the assessee for the AY 2020-21 is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.172 To 180/Viz/2023 ("नधा"रणवष"/ Assessment Year : 2012-13 To 2020-21) M/S. Polisetty Somasundaram, Vs. The Deputy Commissioner Of D.No. 8-24-31, Main Road, Income Tax, Mangalagiri Road, Central Circle-1, Guntur – 522001. Guntur. Pan: Aacfp 7251 J (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ"क"ओरसे/ Appellant By : Sri M.V. Prasad, Ar ""याथ"क"ओरसे/ Respondent By : Sri Mn Murthy Naik, Cit-Dr

195 Taxman 277 (Delhi) in para 6 of its order by relying on the decision of the Division Bench of Delhi High Court in the case of CIT vs. S.K. Katyal [2009] 308 ITR 168 which is as follows: 26 “5. In CIT v. S.K. Katyal[2009] 308 ITR 168 a Division Bench of this Court observed as under

POLISETTY SOMASUNDARAM,GUNTUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR

In the result, appeal of the assessee for the AY 2020-21 is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.172 To 180/Viz/2023 ("नधा"रणवष"/ Assessment Year : 2012-13 To 2020-21) M/S. Polisetty Somasundaram, Vs. The Deputy Commissioner Of D.No. 8-24-31, Main Road, Income Tax, Mangalagiri Road, Central Circle-1, Guntur – 522001. Guntur. Pan: Aacfp 7251 J (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ"क"ओरसे/ Appellant By : Sri M.V. Prasad, Ar ""याथ"क"ओरसे/ Respondent By : Sri Mn Murthy Naik, Cit-Dr

195 Taxman 277 (Delhi) in para 6 of its order by relying on the decision of the Division Bench of Delhi High Court in the case of CIT vs. S.K. Katyal [2009] 308 ITR 168 which is as follows: 26 “5. In CIT v. S.K. Katyal[2009] 308 ITR 168 a Division Bench of this Court observed as under

POLISETTY SOMASUNDARAM,GUNTUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR

In the result, appeal of the assessee for the AY 2020-21 is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.172 To 180/Viz/2023 ("नधा"रणवष"/ Assessment Year : 2012-13 To 2020-21) M/S. Polisetty Somasundaram, Vs. The Deputy Commissioner Of D.No. 8-24-31, Main Road, Income Tax, Mangalagiri Road, Central Circle-1, Guntur – 522001. Guntur. Pan: Aacfp 7251 J (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ"क"ओरसे/ Appellant By : Sri M.V. Prasad, Ar ""याथ"क"ओरसे/ Respondent By : Sri Mn Murthy Naik, Cit-Dr

195 Taxman 277 (Delhi) in para 6 of its order by relying on the decision of the Division Bench of Delhi High Court in the case of CIT vs. S.K. Katyal [2009] 308 ITR 168 which is as follows: 26 “5. In CIT v. S.K. Katyal[2009] 308 ITR 168 a Division Bench of this Court observed as under

POLISETTY SOMASUNDARAM,GUNTUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR

In the result, appeal of the assessee for the AY 2020-21 is allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.172 To 180/Viz/2023 ("नधा"रणवष"/ Assessment Year : 2012-13 To 2020-21) M/S. Polisetty Somasundaram, Vs. The Deputy Commissioner Of D.No. 8-24-31, Main Road, Income Tax, Mangalagiri Road, Central Circle-1, Guntur – 522001. Guntur. Pan: Aacfp 7251 J (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ"क"ओरसे/ Appellant By : Sri M.V. Prasad, Ar ""याथ"क"ओरसे/ Respondent By : Sri Mn Murthy Naik, Cit-Dr

195 Taxman 277 (Delhi) in para 6 of its order by relying on the decision of the Division Bench of Delhi High Court in the case of CIT vs. S.K. Katyal [2009] 308 ITR 168 which is as follows: 26 “5. In CIT v. S.K. Katyal[2009] 308 ITR 168 a Division Bench of this Court observed as under

DCIT, CENTRAL CIRCLE-1, VISAKHAPATNAM vs. GVA INDUSTRIES PVT. LTD., DHAMTARI

195 (SC) N.Κ.\nProteins Ltd. (earlier N.K.Industries Ltd) Vs Dy.CIT vide SLP (C) No.769 of\n2017. The Hon'ble High Court held that "The Tribunal in the case of Vijay\nProteins Ltd (Supra) has observed that it would be just and proper to direct the\nAO to restrict the addition in respect of the undisclosed income relating

GVA INDUSTRIES PRIVATE LIMITED,CHHATTISGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

195 (SC) N.Κ.\nProteins Ltd. (earlier N.K.Industries Ltd) Vs Dy.CIT vide SLP (C) No.769 of\n2017. The Hon'ble High Court held that "The Tribunal in the case of Vijay\nProteins Ltd (Supra) has observed that it would be just and proper to direct the\nAO to restrict the addition in respect of the undisclosed income relating

DCIT, CENTRAL CIRCLE-1, VISAKHAPATNAM vs. GVA INDUSTRIES PVT. LTD., DHAMTARI

195 (SC) N.Κ.\nProteins Ltd. (earlier N.K.Industries Ltd) Vs Dy.CIT vide SLP (C) No.769 of\n2017. The Hon'ble High Court held that "The Tribunal in the case of Vijay\nProteins Ltd (Supra) has observed that it would be just and proper to direct the\nAO to restrict the addition in respect of the undisclosed income relating

GVA INDUSTRIES PRIVATE LIMITED,CHHATTISGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

195 (SC) N.Κ.\nProteins Ltd. (earlier N.K.Industries Ltd) Vs Dy.CIT vide SLP (C) No.769 of\n2017. The Hon'ble High Court held that "The Tribunal in the case of Vijay\nProteins Ltd (Supra) has observed that it would be just and proper to direct the\nAO to restrict the addition in respect of the undisclosed income relating

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

INCOMETAX OFFICER, WARD-3(1), VISAKHAPATNAM vs. SURENDRA NATH GUBBALA, VISAKHAPATNAM

Bench: Us:

195 (Del). xi) B.N. Pinto Vs. CIT (1974) 96 ITR 306 (Kar). xii) CIT Vs. C.V. Soundararajan (1984) 150 ITR 80 (Mad). xiii) CIT Vs. Abrar Ali (2001) 247 ITR 312 (Bom). xiv) Mala Kumar Vs. Asst. CIT (2020) Tax Pub (DT) 2107 (Delhi-Trib.) xv) CIT Vs. Eagle Theaters (2021) 205 Taxmann 449 (Del). xvi) Devendra Kumar Shroff, Kolkata

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

195 (SC) N.K.Proteins Ltd\n(earlier N.K.lndustries Ltd) Vs Dy.CIT vide SLP (C) No. 769 of 2017. The\nHon'ble High Court held that 'The Tribunal in the case Of Vijay Proteins\nLtd (Supra) has observed that it would be just and proper to direct the AO\nto restrict the addition in respect of the undisclosed income relating

DCIT, CENTRAL CIRCLE-1, VISAKHAPATNAM vs. GVA INDUSTRIES PVT. LTD., DHAMTARI

195 (SC) N.Κ.\nProteins Ltd. (earlier N.K.Industries Ltd) Vs Dy.CIT vide SLP (C) No.769 of\n2017. The Hon'ble High Court held that "The Tribunal in the case of Vijay\nProteins Ltd (Supra) has observed that it would be just and proper to direct the\nAO to restrict the addition in respect of the undisclosed income relating

GVA INDUSTRIES PRIVATE LIMITED,CHHATTISGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

195 (SC) N.K.\nProteins Ltd. (earlier N.K.Industries Ltd) Vs Dy.CIT vide SLP (C) No.769 of\n2017. The Hon'ble High Court held that "The Tribunal in the case of Vijay\nProteins Ltd (Supra) has observed that it would be just and proper to direct the\nAO to restrict the addition in respect of the undisclosed income relating to the\npurchases

M/S GROB-WERKE GMBH & CO. KG,GERMANY vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, INTL TXN CIRCLE, VIZAG, VISAKHAPATNAM

In the result, appeal of the assessee is partly allowed

Bench: Shri Ravish Sood, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.No.176/Viz/2025 (निर्धारण वर्ा/ Assessment Year:2022-23) Vs. M/S. Grob – Werke Gmbh & Co. Kg Acit Industriestrasse 4, 87719 Mindelheim International Taxation Circle Income Tax Office Germany, Pincode - 87719 Infinity Towers Sankaramatam Road [Pan:Aaifg4270G] Visakhapatnam - 530016 करदाता का प्रतततितित्व/ Assessee Represented By : Shri Nikhil Ajit Mutha, Ca : Shri Badicala Yadagiri, Cit(Dr) राजस्व का प्रतततितित्व/ Department Represented By सुिवाई समाप्त होिे की ततति/ Date Of Conclusion Of Hearing : 07.08.2025 घोर्णध की तधरीख/Date Of Pronouncement : 04.09.2025

195 of the Act. The Ld. AO observed that the firm is a pass-through entity with M/s. GROB Verwaltungs GmbH as one of the partners being an Austrian resident as disclosed from the details of the ITR filed by the assessee. It was also submitted before the Ld. AO that Mr. Florian Grob a German resident partner holds

THE ARYAPURAM CO-OPERATIVE URBAN BANK LTD.,,RAJAHMUNDRY vs. THE ACIT, CIRCLE - 1, RAJAHMUNDRY

In the result, all the appeals filed by the assessee are partly allowed for statistical purposes; and the appeal filed by the Revenue is dismissed

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

195) We extract below the observations made by the Hon’ble Supreme Court in this regard: “The Tribunal also referred to the decision of the Supreme Court in Poona Electric Supply Co. Ltd.’s case (supra) in support of their view. In that case, the Electricity Act provided for creating a reserve for the customers, in case the profit