ASHA SANGHAVI,RAJAHMUNDRY vs. INCOME TAX OFFICER, WARD-2, , RAJAHMUNDRY

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.33/Viz/2019 (ननधधारण वर्ा/Assessment Year : 2011-12) Smt.Asha Sanghavi Vs. Income Tax Officer D.No.7-22-12 Ward-2 Nandepu Heights Rajamahendravaram T.Nagar Rajamahendravaram [Pan : Awfps2816R] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar प्रत्यधथी की ओर से / Respondent By : Shri D.Manoj Kumar, Dr सुनवधई की तधरीख / Date Of Hearing : 06.11.2019 घोर्णध की तधरीख/Date Of Pronouncement : 15.11.2019 आदेश /O R D E R

250 gms gold ornaments received on 25.04.2010 from inheritance from Mrs Sumathi Sanghavi, Mother-in-Law of the assessee. a) Mrs Sumathi Sanghavi died on 09.03.2010 and as per her oral will, it got the possession of the gold ornaments on 24th April 2010. b) Mrs. Sumathi Sanghavi inherited the gold from her lineal ascendants. 3) I have sold away

KRISHNA PRABHAS AGRO OILS PRIVATE LIMITED,MAREDUBAKA vs. ASSISSTANT COMMISSIONER OF INCOME TAX, KAKINADA

In the result, we herein, in terms of our aforesaid observations, set aside the CIT(A) order and vacate the addition of Rs

Bench: Shri Manjunatha G. & Shri Ravish Soodआ.अपी.सं /Ita No.546/Viz/2025 ("नधा"रण वष"/Assessment Year: 2017-18) Krishna Prabhas Agro Oils Vs. Assistant Commissioner Private Limited, Of Income Tax, Maredubaka, Kakinada. Kakinada. Pan: Aaics2638B (Appellant) (Respondent) "नधा"रती "वारा/Assessee By: Mrs. Hema Latha. K, Ca (Hybrid Hearing) राज" व "वारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई क" तार"ख/Date Of 10/11/2025 Hearing: घोषणा क" तार"ख/Date Of 12/11/2025 Pronouncement: आदेश / Order Per. Ravish Sood, J.M:

250 of Income-tax Act, 1961 ('IT Act') dated 04-09-2025, confirming the order passed by Assessing Officer ('AO') under section . 147 r.w.s 144B of the IT Act dt.27-03-2022, is not in accordance with the fact and provisions of law. 2. The Ld. CIT(A) erred in not appreciating that the subject re-opening of subject assessment under

INCOME TAX OFFICER, VIZIANAGARAM vs. VIJAYANAGARAM WHEAT PRODUCTS PRIVATE LIMITED, KONDAKARAKAM

section 68 r.w.s. 115BBE of the Act.\n7. On being aggrieved by the order of the Ld. AO, assessee filed an\nappeal before the Ld. CIT(A). Before Ld. CIT(A), assessee filed petition\nunder Rule 46A of I.T. Rules r.w.s. 250

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

section 68 r.w.s.\n115BBE of the Act.\n13. On being aggrieved by the order of the Ld. AO, assessee preferred an\nappeal before the Ld. CIT(A). Ld. CIT(A) on verification of the submissions\nmade by the assessee deleted the addition made by the Ld. AO by allowing the\nappeal of the assessee.\n14. On being aggrieved

SRILAKSHMI DEVIREDDY,VIJAYAWADA vs. INCOME TAX OFFICER, WARD-3(5), VIJAYAWADA

68, section 69, section 69A, section 69B, section 69C or section 69D was\nenhanced from 30% to 60%, was applicable only to the transactions from 01.4.2017 and\ncould not be applied retrospectively. The Ld.AR submitted that the Tribunal in its\naforesaid orders had specifically observed that the higher rate of tax @60% under\nsection 115BBE

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)

250 of the IT act dt: 03/05/2024 is contrary to the facts of the case and provisions of law. 2. The CIT(A), NFAC erred in upholding the addition made u/s 68 of the Act of Rs. 1,94,99,178/-, relating to investment made in two partnership firms, ignoring the sources explained. In any case invoking sec. 68

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

section 68 r.w.s.\n115BBE of the Act.\n13.\nOn being aggrieved by the order of the Ld. AO, assessee preferred an\nappeal before the Ld. CIT(A). Ld. CIT(A) on verification of the submissions\nmade by the assessee deleted the addition made by the Ld. AO by allowing the\nappeal of the assessee.\n14.\nOn being aggrieved

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

250 of the IT Act be\nset aside.\"\n5.\nThe assessee has also raised the following additional ground of appeal: -\n6.\n“The Finance Act 2017 introduced an amendment to Section 115BBE of the\nIT Act, which set a higher tax rate of 60% through the Taxation (Second\nAmendment) Act, 2016. This amended rate is applicable only for\nassessments

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

250/-. Ld. AO also observed various investments made by the\nDirectors of the Company arising out of unaccounted cash generation. Further,\nit was also noticed by the Ld. AO, the assessee in response to notice under section\n142(1) dated 27.04.2023 has claimed 15% of discount on sale of suppressed eggs\nreferred in incriminating material in the form

ACE URBAN DEVELOPERS PRIVATE LIMITED,HYDERABAD vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), VIJAYAWADA

In the result, appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./I.T.A.Nos.79, 118 & 284/Viz/2024 (निर्धारणवर्ा/ Assessment Year: 2016-17, 2018-19 & 2016-17) Ace Urban Developers Private Limited V. The Asst. Cit- Circle-2(1) Module No. A1, A2,A3 Vijayawada – 520002 Quadrant No. 4, 4Thfloor Andhra Pradesh Cyber Tower, Hitech City Madhapur B.O. Sheikpet, Hyderabad-500081, Telangana [Pan: Aanca4001H] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) करदाता का प्रतततितित्व/ Assessee Represented By : Shri Sk Gupta,Ar राजस्व का प्रतततितित्व / Department Represented By : Dr. Satyasai Rath, Sr.Ar

68 of the Act while passing the order under section 143(3)r.w.s. 263 of the Act. 5. Being aggrieved by the said assessment order, assessee filed an appeal before the Ld.CIT(A). Before the Ld. CIT(A), assessee made written submissions contesting the addition of unsecured loans of Rs. 1,06,27,000/-. After examining the written submissions

ACE URBAN DEVELOPERS PRIVATE LIMITED,HYDERABAD vs. AO, NFAC

In the result, appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./I.T.A.Nos.79, 118 & 284/Viz/2024 (निर्धारणवर्ा/ Assessment Year: 2016-17, 2018-19 & 2016-17) Ace Urban Developers Private Limited V. The Asst. Cit- Circle-2(1) Module No. A1, A2,A3 Vijayawada – 520002 Quadrant No. 4, 4Thfloor Andhra Pradesh Cyber Tower, Hitech City Madhapur B.O. Sheikpet, Hyderabad-500081, Telangana [Pan: Aanca4001H] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) करदाता का प्रतततितित्व/ Assessee Represented By : Shri Sk Gupta,Ar राजस्व का प्रतततितित्व / Department Represented By : Dr. Satyasai Rath, Sr.Ar

68 of the Act while passing the order under section 143(3)r.w.s. 263 of the Act. 5. Being aggrieved by the said assessment order, assessee filed an appeal before the Ld.CIT(A). Before the Ld. CIT(A), assessee made written submissions contesting the addition of unsecured loans of Rs. 1,06,27,000/-. After examining the written submissions

ACE URBAN DEVELOPERS PRIVATE LIMITED,HYDERABAD vs. AO, VIJAYAWADA

In the result, appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./I.T.A.Nos.79, 118 & 284/Viz/2024 (निर्धारणवर्ा/ Assessment Year: 2016-17, 2018-19 & 2016-17) Ace Urban Developers Private Limited V. The Asst. Cit- Circle-2(1) Module No. A1, A2,A3 Vijayawada – 520002 Quadrant No. 4, 4Thfloor Andhra Pradesh Cyber Tower, Hitech City Madhapur B.O. Sheikpet, Hyderabad-500081, Telangana [Pan: Aanca4001H] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) करदाता का प्रतततितित्व/ Assessee Represented By : Shri Sk Gupta,Ar राजस्व का प्रतततितित्व / Department Represented By : Dr. Satyasai Rath, Sr.Ar

68 of the Act while passing the order under section 143(3)r.w.s. 263 of the Act. 5. Being aggrieved by the said assessment order, assessee filed an appeal before the Ld.CIT(A). Before the Ld. CIT(A), assessee made written submissions contesting the addition of unsecured loans of Rs. 1,06,27,000/-. After examining the written submissions

GANESH KUMAR PAIDI,VIJAYAWADA vs. INCOME TAX OFFICER, WARD-2(4), VIJAYAWADA

Appeal is allowed in terms of our aforesaid observations

Bench: Us:

250 of the Income Tax Act be set aside and the additions made by the Assessing Officer be deleted.” 2. Also, the assessee has raised an additional ground of appeal that reads as under: 3 Ganesh Kumar Paidi “The Finance Act 2017 introduced an amendment to Section 115BBE of the IT Act, which set a higher tax rate

ASSISTANT COMMISSIONER OF INCOMETAX, KAKINADA vs. SUDHA AGRO OIL AND CHEMICAL INDUSTRIES LIMITED, G.RAGAMPETA

sections": [ "250", "148", "143(2)", "142(1)", "133(6)", "68" ], "issues": "Whether the amount received by the assessee from

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, GUNTUR vs. VENKATRAMA POULTRIES PVT LTD, GUNTUR

250/-. Ld. AO also observed various investments made by the\nDirectors of the Company arising out of unaccounted cash generation. Further,\nit was also noticed by the Ld. AO, the assessee in response to notice under section\n142(1) dated 27.04.2023 has claimed 15% of discount on sale of suppressed eggs\nreferred in incriminating material in the form

KANISHKA F&B,VIJAYAWADA vs. INCOME TAX OFFICER, WARD-2(2), VIJAYAWADA

In the result, appeal filed by the assessee is allowed for statistical purposes as indicated hereinabove

Bench: the Tribunal. In respect of the belated filing of the appeal, the assessee filed a petition for condonation of delay along with an affidavit and the relevant paragraphs from the affidavit are extracted herein below:

section 250(6) of the Act which obligates the Ld. CIT(A) to dispose of the appeal on merits. 4. The Ld. CIT(A) erred in sustaining the addition of Rs. 3,86,95,750/- U/s. 68

MURALI KRISHNA KOMMINENI,SRIKAKULAM vs. INCOME TAX OFFICER, WARD-2, SRIKAKULAM

In the result, appeal of the assessee is allowed for statistical purpose

Bench: Shri Duvvuru Rl Reddy, Hon’Bleआयकर अपील सं./I.T.A.No.299/Viz/2023 (ननधधारण वर्ा / Assessment Year : 2017-18) Muralikrishna Kommineni Vs. Income Tax Officer 17, Sbi Colony Ward-2 Chinna Bondilipuram Srikakulam Srikakulam [Pan : Bcxpk3244G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

68 of the IT Act does not fall and shall not be liable for tax under section 115BBE of the IT Act rather it should be considered under normal provisions of IT Act. 6. The learned Commissioner of Income Tax while passing the order failed to dispose of assessee case on merits and this is in contravention

MUTHAVARAPU SRINIVASA BABU,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), VIJAYAWADA

In the result, appeal of the assessee is allowed for statistical purposes

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआईटीए. नं. / Ita No. 465/Viz/2024 (A.Y. 2012-13) Muthavarapu Srinivasa Babu V. Asst. Cit – Circle – 2(1) C/O. Ca M.V. Prasad Cr Buildings, 1St Floor Annex D.No. 60-7-13, Ground Floor M.G. Road, Vijayawada – 520002 Siddhartha Nagar, 4Th Lane Andhra Pradesh Vijaywada-520010 Andhra Pradesh [Pan:Abwpm3798A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) करदाता का प्रतततितित्व/ Assessee Represented By : Shri Mv Prasad, Ca राजस्व का प्रतततितित्व/ Department Represented By : Dr. Aparna Villuri, Sr.Ar

250/- by making addition of Rs.1,05,00,000/- being unexplained credits under section 68 of the Act. 5. On being

VATTIKUTI VEERA VENKATA PRASAD,RAMACHANDRAPURAM vs. INCOME TAX OFFICER, WARD-1, KAKINADA

In the result, appeal of the assessee is allowed for statistical purpose

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./I.T.A.No.280/Viz/2023 (ननधधारण वर्ा / Assessment Year : 2015-16) Vattikuti Veera Venkata Prasad Vs. Income Tax Officer Shop-03, Ramachandra Puram Ward-1 Ramachandrapuram Mandal Kakinada East Godavari [Pan : Akqpv2779M] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

68 of the Act and added to the total income of the assessee. 4 I.T.A. No.280/Viz/2023, A.Y.2015-16 Vattikuti Veera Venkata Prasad, Ramachandrapuram 4. Aggrieved by the order of the AO, the assessee preferred an appeal before the CIT(A) and the Ld.CIT(A) upheld the order of the AO and dismissed the appeal of the assessee. 5. Aggrieved