THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, , RAJAHMUNDRY vs. NUTRIENT MARINE FOODS LIMITED, VISAKHAPATNAM

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

68 of the Act being the unexplained cash deposits made during the impugned assessment year and added it to the income returned by the assessee for the AY 2015-16. Accordingly, the assessed income was determined at Rs.4,50,00,000/- against the NIL income returned by the assessee. Aggrieved by the order of the Ld. AO, the assessee filed

THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, RAJAHMUNDRY vs. GOLUGURI SRIRAMA REDDY, BHIMAVARAM

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

68 of the Act being the unexplained cash deposits made during the impugned assessment year and added it to the income returned by the assessee for the AY 2015-16. Accordingly, the assessed income was determined at Rs.4,50,00,000/- against the NIL income returned by the assessee. Aggrieved by the order of the Ld. AO, the assessee filed

THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, , RAJAHMUNDRY vs. REAL GROW EXIMS PRIVATE LIMITED, BHIMAVARAM

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

68 of the Act being the unexplained cash deposits made during the impugned assessment year and added it to the income returned by the assessee for the AY 2015-16. Accordingly, the assessed income was determined at Rs.4,50,00,000/- against the NIL income returned by the assessee. Aggrieved by the order of the Ld. AO, the assessee filed

THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-, RAJAHMUNDRY vs. NEXUS FEEDS LIMITED, HYDERABAD

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.86, 87, 88, 89, 90, 91, 92/Viz/2021 ("नधा"रण वष" / Assessment Year :2011-12, 2012-13, 2013-14, 2014-15, 2015- 16, 2016-17, 2017-18) The Asst. Commissioner Of Income Vs. M/S. Nexus Feeds Limited, Tax, Central Circle-1, Flat No.82, Navanirman Nagar, Rajahmundry. Road No.71, Jubilee Hills, Hyderabad-500 033. Pan: Aadcn 2786 N आयकर अपील सं./ I.T.A. No. 94/Viz/2021 (Assessment Year : 2016-17) The Asst. Commissioner Of Income Vs. M/S. Nexus Well Hope Agritech Tax, Central Circle-1, International Limited, Rajahmundry. Plot No.101, D.No.8-1- 301/86/87, Sai Priya Residency, Lakshmi Nagar Colony, Hyderabad. Pan: Aafcn 0930 L (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Assessee By : Sri Mv Prasad, Ca ""याथ" क" ओर से / Revenue By : Sri Mn Murthy Naik, Cit-Dr

68 of the Act as unexplained cash credit and added to the returned income for the AY 2011-12. Further, the Ld. AO also made an addition of Rs.76,47,000/- as unexplained share application money. Thus, the assessed income was determined at Rs. 6,10,93,000/- against the NIL income returned by the assessee. Aggrieved by the order

THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, RAJAHMUNDRY vs. NEXUS FEEDS LIMITED, HYDERANAD

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.86, 87, 88, 89, 90, 91, 92/Viz/2021 ("नधा"रण वष" / Assessment Year :2011-12, 2012-13, 2013-14, 2014-15, 2015- 16, 2016-17, 2017-18) The Asst. Commissioner Of Income Vs. M/S. Nexus Feeds Limited, Tax, Central Circle-1, Flat No.82, Navanirman Nagar, Rajahmundry. Road No.71, Jubilee Hills, Hyderabad-500 033. Pan: Aadcn 2786 N आयकर अपील सं./ I.T.A. No. 94/Viz/2021 (Assessment Year : 2016-17) The Asst. Commissioner Of Income Vs. M/S. Nexus Well Hope Agritech Tax, Central Circle-1, International Limited, Rajahmundry. Plot No.101, D.No.8-1- 301/86/87, Sai Priya Residency, Lakshmi Nagar Colony, Hyderabad. Pan: Aafcn 0930 L (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Assessee By : Sri Mv Prasad, Ca ""याथ" क" ओर से / Revenue By : Sri Mn Murthy Naik, Cit-Dr

68 of the Act as unexplained cash credit and added to the returned income for the AY 2011-12. Further, the Ld. AO also made an addition of Rs.76,47,000/- as unexplained share application money. Thus, the assessed income was determined at Rs. 6,10,93,000/- against the NIL income returned by the assessee. Aggrieved by the order

THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, RAJAHMUNDRY vs. NEXUS FEEDS LIMITED, HYDERANAD

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.86, 87, 88, 89, 90, 91, 92/Viz/2021 ("नधा"रण वष" / Assessment Year :2011-12, 2012-13, 2013-14, 2014-15, 2015- 16, 2016-17, 2017-18) The Asst. Commissioner Of Income Vs. M/S. Nexus Feeds Limited, Tax, Central Circle-1, Flat No.82, Navanirman Nagar, Rajahmundry. Road No.71, Jubilee Hills, Hyderabad-500 033. Pan: Aadcn 2786 N आयकर अपील सं./ I.T.A. No. 94/Viz/2021 (Assessment Year : 2016-17) The Asst. Commissioner Of Income Vs. M/S. Nexus Well Hope Agritech Tax, Central Circle-1, International Limited, Rajahmundry. Plot No.101, D.No.8-1- 301/86/87, Sai Priya Residency, Lakshmi Nagar Colony, Hyderabad. Pan: Aafcn 0930 L (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Assessee By : Sri Mv Prasad, Ca ""याथ" क" ओर से / Revenue By : Sri Mn Murthy Naik, Cit-Dr

68 of the Act as unexplained cash credit and added to the returned income for the AY 2011-12. Further, the Ld. AO also made an addition of Rs.76,47,000/- as unexplained share application money. Thus, the assessed income was determined at Rs. 6,10,93,000/- against the NIL income returned by the assessee. Aggrieved by the order

THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, RAJAHMUNDRY vs. NEXUS FEEDS LIMITED, HYDERABAD

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.86, 87, 88, 89, 90, 91, 92/Viz/2021 ("नधा"रण वष" / Assessment Year :2011-12, 2012-13, 2013-14, 2014-15, 2015- 16, 2016-17, 2017-18) The Asst. Commissioner Of Income Vs. M/S. Nexus Feeds Limited, Tax, Central Circle-1, Flat No.82, Navanirman Nagar, Rajahmundry. Road No.71, Jubilee Hills, Hyderabad-500 033. Pan: Aadcn 2786 N आयकर अपील सं./ I.T.A. No. 94/Viz/2021 (Assessment Year : 2016-17) The Asst. Commissioner Of Income Vs. M/S. Nexus Well Hope Agritech Tax, Central Circle-1, International Limited, Rajahmundry. Plot No.101, D.No.8-1- 301/86/87, Sai Priya Residency, Lakshmi Nagar Colony, Hyderabad. Pan: Aafcn 0930 L (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Assessee By : Sri Mv Prasad, Ca ""याथ" क" ओर से / Revenue By : Sri Mn Murthy Naik, Cit-Dr

68 of the Act as unexplained cash credit and added to the returned income for the AY 2011-12. Further, the Ld. AO also made an addition of Rs.76,47,000/- as unexplained share application money. Thus, the assessed income was determined at Rs. 6,10,93,000/- against the NIL income returned by the assessee. Aggrieved by the order

THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, RAJAHMUNDRY vs. NEXUS FEEDS LIMITED, HYDERABAD

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.86, 87, 88, 89, 90, 91, 92/Viz/2021 ("नधा"रण वष" / Assessment Year :2011-12, 2012-13, 2013-14, 2014-15, 2015- 16, 2016-17, 2017-18) The Asst. Commissioner Of Income Vs. M/S. Nexus Feeds Limited, Tax, Central Circle-1, Flat No.82, Navanirman Nagar, Rajahmundry. Road No.71, Jubilee Hills, Hyderabad-500 033. Pan: Aadcn 2786 N आयकर अपील सं./ I.T.A. No. 94/Viz/2021 (Assessment Year : 2016-17) The Asst. Commissioner Of Income Vs. M/S. Nexus Well Hope Agritech Tax, Central Circle-1, International Limited, Rajahmundry. Plot No.101, D.No.8-1- 301/86/87, Sai Priya Residency, Lakshmi Nagar Colony, Hyderabad. Pan: Aafcn 0930 L (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Assessee By : Sri Mv Prasad, Ca ""याथ" क" ओर से / Revenue By : Sri Mn Murthy Naik, Cit-Dr

68 of the Act as unexplained cash credit and added to the returned income for the AY 2011-12. Further, the Ld. AO also made an addition of Rs.76,47,000/- as unexplained share application money. Thus, the assessed income was determined at Rs. 6,10,93,000/- against the NIL income returned by the assessee. Aggrieved by the order

THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, , RAJAHMUNDRY vs. NEXUS FEEDS LIMITED, HYDERABAD

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.86, 87, 88, 89, 90, 91, 92/Viz/2021 ("नधा"रण वष" / Assessment Year :2011-12, 2012-13, 2013-14, 2014-15, 2015- 16, 2016-17, 2017-18) The Asst. Commissioner Of Income Vs. M/S. Nexus Feeds Limited, Tax, Central Circle-1, Flat No.82, Navanirman Nagar, Rajahmundry. Road No.71, Jubilee Hills, Hyderabad-500 033. Pan: Aadcn 2786 N आयकर अपील सं./ I.T.A. No. 94/Viz/2021 (Assessment Year : 2016-17) The Asst. Commissioner Of Income Vs. M/S. Nexus Well Hope Agritech Tax, Central Circle-1, International Limited, Rajahmundry. Plot No.101, D.No.8-1- 301/86/87, Sai Priya Residency, Lakshmi Nagar Colony, Hyderabad. Pan: Aafcn 0930 L (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Assessee By : Sri Mv Prasad, Ca ""याथ" क" ओर से / Revenue By : Sri Mn Murthy Naik, Cit-Dr

68 of the Act as unexplained cash credit and added to the returned income for the AY 2011-12. Further, the Ld. AO also made an addition of Rs.76,47,000/- as unexplained share application money. Thus, the assessed income was determined at Rs. 6,10,93,000/- against the NIL income returned by the assessee. Aggrieved by the order

THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, RAJAHMUNDRY vs. NEXUS FEEDS LIMITED, HYDERABAD

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.86, 87, 88, 89, 90, 91, 92/Viz/2021 ("नधा"रण वष" / Assessment Year :2011-12, 2012-13, 2013-14, 2014-15, 2015- 16, 2016-17, 2017-18) The Asst. Commissioner Of Income Vs. M/S. Nexus Feeds Limited, Tax, Central Circle-1, Flat No.82, Navanirman Nagar, Rajahmundry. Road No.71, Jubilee Hills, Hyderabad-500 033. Pan: Aadcn 2786 N आयकर अपील सं./ I.T.A. No. 94/Viz/2021 (Assessment Year : 2016-17) The Asst. Commissioner Of Income Vs. M/S. Nexus Well Hope Agritech Tax, Central Circle-1, International Limited, Rajahmundry. Plot No.101, D.No.8-1- 301/86/87, Sai Priya Residency, Lakshmi Nagar Colony, Hyderabad. Pan: Aafcn 0930 L (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Assessee By : Sri Mv Prasad, Ca ""याथ" क" ओर से / Revenue By : Sri Mn Murthy Naik, Cit-Dr

68 of the Act as unexplained cash credit and added to the returned income for the AY 2011-12. Further, the Ld. AO also made an addition of Rs.76,47,000/- as unexplained share application money. Thus, the assessed income was determined at Rs. 6,10,93,000/- against the NIL income returned by the assessee. Aggrieved by the order

THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, RAJAHMUNDRY vs. NEXUS WELLHOPE AGRITECH INTERNATIONAL LIMITED, HYDERABAD

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपील सं./ I.T.A. No.86, 87, 88, 89, 90, 91, 92/Viz/2021 ("नधा"रण वष" / Assessment Year :2011-12, 2012-13, 2013-14, 2014-15, 2015- 16, 2016-17, 2017-18) The Asst. Commissioner Of Income Vs. M/S. Nexus Feeds Limited, Tax, Central Circle-1, Flat No.82, Navanirman Nagar, Rajahmundry. Road No.71, Jubilee Hills, Hyderabad-500 033. Pan: Aadcn 2786 N आयकर अपील सं./ I.T.A. No. 94/Viz/2021 (Assessment Year : 2016-17) The Asst. Commissioner Of Income Vs. M/S. Nexus Well Hope Agritech Tax, Central Circle-1, International Limited, Rajahmundry. Plot No.101, D.No.8-1- 301/86/87, Sai Priya Residency, Lakshmi Nagar Colony, Hyderabad. Pan: Aafcn 0930 L (अपीलाथ"/ Appellant) (""यथ"/ Respondent) अपीलाथ" क" ओर से/ Assessee By : Sri Mv Prasad, Ca ""याथ" क" ओर से / Revenue By : Sri Mn Murthy Naik, Cit-Dr

68 of the Act as unexplained cash credit and added to the returned income for the AY 2011-12. Further, the Ld. AO also made an addition of Rs.76,47,000/- as unexplained share application money. Thus, the assessed income was determined at Rs. 6,10,93,000/- against the NIL income returned by the assessee. Aggrieved by the order

VENKATESWARA RAO KOGANTI,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), VIJAYAWADA

68,280/-.\nSubsequently, the case was selected for complete scrutiny under the\nE-assessment Scheme, 2019 to verify the issue of \"Cash deposit during\ndemonetization period\". Subsequently, statutory notices under section 143(2)\nand 142(1) of the Act were issued from time to time. Assessee in response to\nthese notices also made submissions from time to time. During

AAYUSH NRI LEPL HEALTH CARE PVT.LTD,VIJAYAWADA vs. INCOME TAX OFFICER, WARD-2(3), VIJAYAWADA

In the result, appeal of the assessee allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.Nos. 135 & 136/Viz/2023 (निर्धारण वर्ा/ Assessment Years: 2012-13 & 2013-14)) Aayush Nri Lepl Healthcare Private Limited V. Income Tax Officer – Ward – 2(3) No. 48-13-3 & 3A Aayush Vijayawada Ring Road, Sri Ramachandra Nagar Vijayawada – 520008 Andhra Pradesh [Pan: Aadcn4865A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

68,13,500/- for A.Y. 2012-13 & 2013-14 respectively. 4. Aggrieved by the order of the Ld. AO, assessee filed an appeal before the Ld. CIT(A). Before Ld. CIT(A), assessee’s representative challenged the additions and also raised ground with respect to the DVO report being time barred. Assessee also contested that no opportunity was provided

AAYUSH NRI LEPL HEALTH CARE PVT.LTD,VIJAYAWADA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -2(1), VIJAYAWADA

In the result, appeal of the assessee allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.Nos. 135 & 136/Viz/2023 (निर्धारण वर्ा/ Assessment Years: 2012-13 & 2013-14)) Aayush Nri Lepl Healthcare Private Limited V. Income Tax Officer – Ward – 2(3) No. 48-13-3 & 3A Aayush Vijayawada Ring Road, Sri Ramachandra Nagar Vijayawada – 520008 Andhra Pradesh [Pan: Aadcn4865A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

68,13,500/- for A.Y. 2012-13 & 2013-14 respectively. 4. Aggrieved by the order of the Ld. AO, assessee filed an appeal before the Ld. CIT(A). Before Ld. CIT(A), assessee’s representative challenged the additions and also raised ground with respect to the DVO report being time barred. Assessee also contested that no opportunity was provided

FIRST TEK PRIVATE LIMITED,HYDERABAD vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, VIJAYAWADA

In the result appeals of the revenue for the A

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.574-577/Viz/2019 & 609/Viz/2019 (निर्धारण वर्ा/Assessment Year:2007-08 To 2010-11 & 2011-12) M/S First Tek Private Limited Vs. Asst.Commissioner Of Bhavanasi Anjaneyulu Income Tax Sri Balaji Chemical Industries Central Circle Main Road, Piduguralla Vijayawada Guntur [Pan : Aaacf8840N] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.607/Viz/2019 & 608/Viz/2019 (निर्धारण वर्ा/Assessment Year:2009-10 & 2011-2012) Asst.Commissioner Of Vs. M/S First Tek Private Limited Income Tax Bhavanasi Anjaneyulu Central Circle Sri Balaji Chemical Industries Vijayawada Main Road, Piduguralla Guntur [Pan : Aaacf8840N] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) निर्धाऩरती की ओर से / Assessee By : Shri G.V.N.Hari, Ar रधजस्व की ओर से /Revenue By : Shri D.K.Sonowal, Cit, Dr सुिवधई की तधरीख / Date Of Hearing : 23.09.2020 घोर्णध की तधरीख/Date Of 24.11.2020 Pronouncement

section of the Act for making the addition. The said sum was payable to the creditor and the amount was not written off. No evidence was found during the course of search with regard to Rs.4,70,19,016/. The Ld.AR further argued that the amount is opening balance, but not the amount received during the year under consideration

THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, VIJAYAWADA vs. M/S. FIRST TEK PVT.LTD, HYDERABAD

In the result appeals of the revenue for the A

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.574-577/Viz/2019 & 609/Viz/2019 (निर्धारण वर्ा/Assessment Year:2007-08 To 2010-11 & 2011-12) M/S First Tek Private Limited Vs. Asst.Commissioner Of Bhavanasi Anjaneyulu Income Tax Sri Balaji Chemical Industries Central Circle Main Road, Piduguralla Vijayawada Guntur [Pan : Aaacf8840N] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.607/Viz/2019 & 608/Viz/2019 (निर्धारण वर्ा/Assessment Year:2009-10 & 2011-2012) Asst.Commissioner Of Vs. M/S First Tek Private Limited Income Tax Bhavanasi Anjaneyulu Central Circle Sri Balaji Chemical Industries Vijayawada Main Road, Piduguralla Guntur [Pan : Aaacf8840N] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) निर्धाऩरती की ओर से / Assessee By : Shri G.V.N.Hari, Ar रधजस्व की ओर से /Revenue By : Shri D.K.Sonowal, Cit, Dr सुिवधई की तधरीख / Date Of Hearing : 23.09.2020 घोर्णध की तधरीख/Date Of .11.2020 Pronouncement

section of the Act for making the addition. The said sum was payable to the creditor and the amount was not written off. No evidence was found during the course of search with regard to Rs.4,70,19,016/. The Ld.AR further argued that the amount is opening balance, but not the amount received during the year under consideration

FIRST TEK PRIVATE LIMITED,HYDERABAD vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, VIJAYAWADA

In the result appeals of the revenue for the A

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.574-577/Viz/2019 & 609/Viz/2019 (निर्धारण वर्ा/Assessment Year:2007-08 To 2010-11 & 2011-12) M/S First Tek Private Limited Vs. Asst.Commissioner Of Bhavanasi Anjaneyulu Income Tax Sri Balaji Chemical Industries Central Circle Main Road, Piduguralla Vijayawada Guntur [Pan : Aaacf8840N] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.607/Viz/2019 & 608/Viz/2019 (निर्धारण वर्ा/Assessment Year:2009-10 & 2011-2012) Asst.Commissioner Of Vs. M/S First Tek Private Limited Income Tax Bhavanasi Anjaneyulu Central Circle Sri Balaji Chemical Industries Vijayawada Main Road, Piduguralla Guntur [Pan : Aaacf8840N] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) निर्धाऩरती की ओर से / Assessee By : Shri G.V.N.Hari, Ar रधजस्व की ओर से /Revenue By : Shri D.K.Sonowal, Cit, Dr सुिवधई की तधरीख / Date Of Hearing : 23.09.2020 घोर्णध की तधरीख/Date Of 24.11.2020 Pronouncement

section of the Act for making the addition. The said sum was payable to the creditor and the amount was not written off. No evidence was found during the course of search with regard to Rs.4,70,19,016/. The Ld.AR further argued that the amount is opening balance, but not the amount received during the year under consideration

FIRST TEK PRIVATE LIMITED,HYDERABAD vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, VIJAYAWADA

In the result appeals of the revenue for the A

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.574-577/Viz/2019 & 609/Viz/2019 (निर्धारण वर्ा/Assessment Year:2007-08 To 2010-11 & 2011-12) M/S First Tek Private Limited Vs. Asst.Commissioner Of Bhavanasi Anjaneyulu Income Tax Sri Balaji Chemical Industries Central Circle Main Road, Piduguralla Vijayawada Guntur [Pan : Aaacf8840N] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.607/Viz/2019 & 608/Viz/2019 (निर्धारण वर्ा/Assessment Year:2009-10 & 2011-2012) Asst.Commissioner Of Vs. M/S First Tek Private Limited Income Tax Bhavanasi Anjaneyulu Central Circle Sri Balaji Chemical Industries Vijayawada Main Road, Piduguralla Guntur [Pan : Aaacf8840N] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) निर्धाऩरती की ओर से / Assessee By : Shri G.V.N.Hari, Ar रधजस्व की ओर से /Revenue By : Shri D.K.Sonowal, Cit, Dr सुिवधई की तधरीख / Date Of Hearing : 23.09.2020 घोर्णध की तधरीख/Date Of 24.11.2020 Pronouncement

section of the Act for making the addition. The said sum was payable to the creditor and the amount was not written off. No evidence was found during the course of search with regard to Rs.4,70,19,016/. The Ld.AR further argued that the amount is opening balance, but not the amount received during the year under consideration

THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE, VIJAYAWADA vs. M/S. FIRST TEK PVT.LTD, HYDERABAD

In the result appeals of the revenue for the A

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.574-577/Viz/2019 & 609/Viz/2019 (निर्धारण वर्ा/Assessment Year:2007-08 To 2010-11 & 2011-12) M/S First Tek Private Limited Vs. Asst.Commissioner Of Bhavanasi Anjaneyulu Income Tax Sri Balaji Chemical Industries Central Circle Main Road, Piduguralla Vijayawada Guntur [Pan : Aaacf8840N] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) आयकर अपील सं./I.T.A.No.607/Viz/2019 & 608/Viz/2019 (निर्धारण वर्ा/Assessment Year:2009-10 & 2011-2012) Asst.Commissioner Of Vs. M/S First Tek Private Limited Income Tax Bhavanasi Anjaneyulu Central Circle Sri Balaji Chemical Industries Vijayawada Main Road, Piduguralla Guntur [Pan : Aaacf8840N] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) निर्धाऩरती की ओर से / Assessee By : Shri G.V.N.Hari, Ar रधजस्व की ओर से /Revenue By : Shri D.K.Sonowal, Cit, Dr सुिवधई की तधरीख / Date Of Hearing : 23.09.2020 घोर्णध की तधरीख/Date Of .11.2020 Pronouncement

section of the Act for making the addition. The said sum was payable to the creditor and the amount was not written off. No evidence was found during the course of search with regard to Rs.4,70,19,016/. The Ld.AR further argued that the amount is opening balance, but not the amount received during the year under consideration