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

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 3(1), VISAKHAPATNAM vs. RAMAKRISHNA NUKALA, VISAKHAPATNAM

In the result, C.O.s, filed by the assessee are dismissed

69A of the Act of Rs.1,68,54,000/-.\n22. Before us, the ld.DR submitted that the Assessing Officer had\nmade the addition of Rs. 1,68,54,000/- under Section

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

section 68, 69, 69A, 69B,\n69C or 69D and reflected in the return of income furnished under\nsection 139; or\n(b)\ndetermined

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

Appeal is allowed in terms of our aforesaid observations

Bench: Us:

section 68, 69, 69A, 69B, 69C or 69D and reflected in the return of income furnished under section

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 3(1), VISAKHAPATNAM vs. SHRI RAMAKRISHNA NUKALA, VISAKHAPATNAM

In the result, the appeal of Revenue is dismissed

Bench: Shri Laliet Kumar & Shri S. Balakrishnan

69A of the Act of Rs.1,68,54,000/-. 22. Before us, the ld.DR submitted that the Assessing Officer had made the addition of Rs. 1,68,54,000/- under Section

SATHI MANGAYAMMA,EAST GODAVARI DIST vs. INCOME TAX OFFICER, WARD-2, KAKINADA

Appeal is allowed in terms of our aforesaid observations

Bench: Us :

69A, 69B, 69C or 69D and reflected in the return of income furnished 10 Sathi Mangayamma under section 139; or (b) determined by the assessing officer includes any income referred to in section 68

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

68 of the Act", "Section 153B of the Act", "Section 132 of the Act", "Section 69A of the Income

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

69A, read with section 10(38), of the Income-tax Act, 1961\nUnexplained moneys (Share dealings) - High Court by impugned order\nheld that where Assessing Officer disallowed exemption claimed by\nassessee under section 10(38) and made additions, alleging involvement in\npenny stock which were being misused for providing bogus accomodation\nof LTCG, however, there was lack

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)

69A is not valid in law. ..” 17. In our considered view, the provisions of section 68 of the Act cannot

BONTHULA HARI VENKATA KRISHNA,SRIKAKULAM vs. ACIT, CIRCLE-4(1), VISAKHAPATNAM

Appeal is allowed in terms of our aforesaid observations

Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.581/Viz/2025 (िनधा"रण वष"/Assessment Year: 2017-18) Bonthula Hari Venkata Vs. The Asst. Commissioner Krishna, Of Income Tax, Visakhapatnam. Circle-4(1), Pan: Agfpb8358K Visakhapatnam. (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Shri Gvn Hari, Advocate राज" व "ारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई की तारीख/Date Of 03/12/2025 Hearing: घोषणा की तारीख/Date Of 19/12/2025 Pronouncement: आदेश / Order Per. Ravish Sood, Jm :

69A of the Act by applying the tax rate of 30% as was contemplated in the pre-amended Section 115BBE of the Act. The additional ground of appeal is allowed in terms of our aforesaid observations.” 13. Accordingly, we herein direct the AO to tax the addition of Rs.60,52,302/- under section 68

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

THE ACIT,, GUNTUR vs. SAI BHASKAR IRONS LIMITED,, GUNTUR

In the result, appeal of the revenue is dismissed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अऩीऱ सं./I.T.A.No.108/Viz/2016 (ननधधारण वषा/Assessment Year:2012-13) Asst.Commissioner Of Income Tax Vs. M/S.Sai Bhaskar Circle-2(1), Guntur Irons Limited 3-1-3/A, 3Rd Lane Rajendra Nagar Guntur [Pan :Aamcs1675G] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अऩीऱधथी की ओर से/ Appellant By : Shri Deba K.Sonowala, Dr प्रत्यथी की ओर से / Respondent By : Shri I Kama Sastry, Ar सुनवधई की तधरीख / Date Of Hearing : 09.02.2018 घोषणा की तारीख/Date Of Pronouncement : 21.02.2018

sections 69, 69A, 69B and 69C of the Act in view of the scheme of those provisions.” 3.1. The Ld.CIT(A) also relied on the decision of Guru Prasad Vs.CIT [158 ITR 278] (Pat) and argued that the additions made u/s 68

SUJAN VIKAS MUTUALLY AIDED COOPERATIVE THRIFT AND CREDIT SOCIETY LIMITED,PORANKI, KRISHNA vs. INCOME TAX OFFICER, WARD-2(4) , 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.41/Viz/2024 (निर्धारणवर्ा/ Assessment Year:2017-18) Vs. Sujan Vikas Mutually Aided Cooperative Income Tax Officer – Ward – 2(4) Thrift & Credit Society Limited C.R. Building, Vijayawada-520001 6-32, Bjr Nagar Andhra Pradesh Near Sri Chaitanya Junior College Poranki – 521137 Andhra Pradesh [Pan:Aajas8586P] करदाता का प्रतततितित्व/ Assessee Represented By : Shri Sitaraman & Shri Shankar Cherukupally राजस्व का प्रतततितित्व/ Department Represented By : Dr. Aparna Villuri, Sr Ar

68,000/- was in the form of Specified Bank Notes. The explanations furnished by the assessee was examined by the Ld.AO. The Ld. AO observed that assessee is not in the exempted category to receive Specified Bank Notes, being not satisfied with the explanation offered by the assessee, added an amount of Rs.1,72,179/- after considering the closing balance

PADMAVATHI GURUVU,SRIKAKULAM vs. INCOME-TAX OFFICER, WARD-2, SRIKAKULAM

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

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.227/Viz/2024 (धनिाारणिर्ा/ Assessment Year : 2017-18) Padmavathi Guruvu, Vs. Income Tax Officer, Srikakulam. Ward-2, Pan: Abopg1523D Srikakulam. (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलार्थीकीओरसे/ Assessee By : Shri I. Kama Sastry, Ca प्रत्यार्थीकीओरसे/ Revenue By : Dr. Aparna Villuri, Sr. Ar

section 69A cannot be invoked and hence we direct the Ld. AO to delete the addition of Rs. 18,10,000/- confirmed by the Ld. CIT(A). Accordingly, Ground No.1 raised by the assessee is allowed. 8. With respect to Ground No.2 wherein an addition of Rs. 8,78,000/- was made U/s. 68

VULLI RADHAKRISHNA,TUNI vs. INCOME TAX OFFICER, WARD-1, TUNI

Bench: Shri Ravish Sood & Shri Balakrishnan S.आ.अपी.सं /Ita No.359/Viz/2025 (िनधा"रण वष"/Assessment Year: 2015-16) Vulli Radhakrishna, Vs. Income Tax Officer, Tuni. Ward-1, Pan: Aegpv1751H Tuni. (Appellant) (Respondent) िनधा"रती "ारा/Assessee By: Shri Gvn Hari, Advocate राज" व "ारा/Revenue By: Dr. Aparna Villuri, Sr. Ar सुनवाई की तारीख/Date Of 04/12/2025 Hearing: घोषणा की तारीख/Date Of 19/12/2025 Pronouncement: आदेश / Order Per. Ravish Sood, Jm: The Present Appeal Filed By The Assessee Is Directed Against The Order Passed By The Commissioner Of Income-Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi, Dated 17/03/2025, Which In Turn Arises From The Order Passed By The Assessing Officer (For Short “A.O.”) Under Section 147 R.W.S 144 R.W.S 144B Of The Income Tax Act, 1961 (For Short “The Act”) Dated 26/03/2022 For Assessment Year (Ay) 2015-16. 2 Vulli Radhakrishna Vs. Ito

section 69A of the Act: Rs. 28,82,633/-; (ii) addition of unexplained payment of credit cards bills: Rs.11,79,160/-; (iii) unexplained investment towards purchase of equity shares: Rs.3,76,565/-; and (iv) short term capital gains (STCG) on sale of equity shares: Rs.1,68

NV VASANTHA RAO,,VISAKHAPATNAM vs. THE ITO,, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.72-76/Viz/2015 (धनधाारण िर्ा/Assessment Year:2007-08 To 2011-12 Respectively) N.V.Vasantha Rao Vs. Income Tax Officer D.No.30-6-19/A Ward-3(1) Opp: 2 Town P.S. Visakhapatnam Dabagardens Visakhapatnam [Pan :Aahpv0349Q] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलाथी की ओरसे/ Appellant By : Shri, I Kama Sastry, Ar प्रत्याथी की ओर से/ Respondent By : Shri, T.Satyanandham, Dr सुनिाई की तारीख / Date Of Hearing : 29.05.2018 06.06.2018 घोषणा की तारीख/Date Of Pronouncement :

69A of I.T.Act. The appeals of the assessee for the A.Ys 2007-08 to 2011-12 are allowed on this ground. 11. Ground No.7 of the assessee is related to the addition of Rs.33,975/- relating to the disallowance of depreciation. During the assessment proceedings, the AO found that the assessee has claimed the depreciation of Rs.33,975/- on Xerox

NV VASANTHA RAO,,VISAKHAPATNAM vs. THE ITO,, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.72-76/Viz/2015 (धनधाारण िर्ा/Assessment Year:2007-08 To 2011-12 Respectively) N.V.Vasantha Rao Vs. Income Tax Officer D.No.30-6-19/A Ward-3(1) Opp: 2 Town P.S. Visakhapatnam Dabagardens Visakhapatnam [Pan :Aahpv0349Q] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलाथी की ओरसे/ Appellant By : Shri, I Kama Sastry, Ar प्रत्याथी की ओर से/ Respondent By : Shri, T.Satyanandham, Dr सुनिाई की तारीख / Date Of Hearing : 29.05.2018 06.06.2018 घोषणा की तारीख/Date Of Pronouncement :

69A of I.T.Act. The appeals of the assessee for the A.Ys 2007-08 to 2011-12 are allowed on this ground. 11. Ground No.7 of the assessee is related to the addition of Rs.33,975/- relating to the disallowance of depreciation. During the assessment proceedings, the AO found that the assessee has claimed the depreciation of Rs.33,975/- on Xerox

NV VASANTHA RAO,,VISAKHAPATNAM vs. THE ITO,, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.72-76/Viz/2015 (धनधाारण िर्ा/Assessment Year:2007-08 To 2011-12 Respectively) N.V.Vasantha Rao Vs. Income Tax Officer D.No.30-6-19/A Ward-3(1) Opp: 2 Town P.S. Visakhapatnam Dabagardens Visakhapatnam [Pan :Aahpv0349Q] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलाथी की ओरसे/ Appellant By : Shri, I Kama Sastry, Ar प्रत्याथी की ओर से/ Respondent By : Shri, T.Satyanandham, Dr सुनिाई की तारीख / Date Of Hearing : 29.05.2018 06.06.2018 घोषणा की तारीख/Date Of Pronouncement :

69A of I.T.Act. The appeals of the assessee for the A.Ys 2007-08 to 2011-12 are allowed on this ground. 11. Ground No.7 of the assessee is related to the addition of Rs.33,975/- relating to the disallowance of depreciation. During the assessment proceedings, the AO found that the assessee has claimed the depreciation of Rs.33,975/- on Xerox

NV VASANTHA RAO,,VISAKHAPATNAM vs. THE ITO,, VISAKHAPATNAM

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.Nos.72-76/Viz/2015 (धनधाारण िर्ा/Assessment Year:2007-08 To 2011-12 Respectively) N.V.Vasantha Rao Vs. Income Tax Officer D.No.30-6-19/A Ward-3(1) Opp: 2 Town P.S. Visakhapatnam Dabagardens Visakhapatnam [Pan :Aahpv0349Q] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलाथी की ओरसे/ Appellant By : Shri, I Kama Sastry, Ar प्रत्याथी की ओर से/ Respondent By : Shri, T.Satyanandham, Dr सुनिाई की तारीख / Date Of Hearing : 29.05.2018 06.06.2018 घोषणा की तारीख/Date Of Pronouncement :

69A of I.T.Act. The appeals of the assessee for the A.Ys 2007-08 to 2011-12 are allowed on this ground. 11. Ground No.7 of the assessee is related to the addition of Rs.33,975/- relating to the disallowance of depreciation. During the assessment proceedings, the AO found that the assessee has claimed the depreciation of Rs.33,975/- on Xerox