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

Section 68 and 69C of the Income\nTax Act. The entire purchases shown on the basis of fictitious invoices

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

Section 68 and 69C of the Income Tax Act. The entire purchases\nshown on the basis of fictitious invoices

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

Section 68 and 69C of the Income Tax Act. The entire purchases\nshown on the basis of fictitious invoices

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

Section 68 and 69C of the Income Tax Act. The entire purchases\nshown on the basis of fictitious invoices

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

Section 68 and 69C of the Income Tax Act. The entire purchases\nshown on the basis of fictitious invoices

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

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

Appeal is allowed in terms of our aforesaid observations

Bench: Us :

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

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

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

Section 68 and 69C of the Income\nTax Act. The entire purchases shown on the basis of fictitious invoices

WALTAIR TRADERS,VISAKHAPATNAM vs. NEAC, DELHI

sections": ["133(6)", "69C", "68", "194A", "194C", "143(3)", "142(1)", "69"], "issues": "The primary issues revolve around the genuineness

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

section 68, 69, 69A, 69B, 69C or 69D, if such income\nis not covered under clause (a),\nthe income

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

Section 68 and 69C of the Income Tax Act. The entire purchases\nshown on the basis of fictitious invoices

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

Section 68 and 69C of the Income Tax Act. The entire purchases\nshown on the basis of fictitious invoices

KHAN MOHAMMAD DIAMONDS & JEWELLERS PRIVATE LIMITED,,GUNTUR vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX(CENTRAL),, VISAKHAPATNAM

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.141/Viz/2020 (ननधधारण वर्ा/Assessment Year:2017-18) M/S Khan Mohammad Diamonds Vs. Pr.Commissioner Of Income Tax & Jewellers Private Limited, (Central) 5-37-221/A, 4Th Lane Visakhapatnam Brodipet, Guntur [Pan : Aacck6467A]

68 to section 69C of the Act. In this case, the AO has not invoked any such section

ISRINFRA PRIVATE LIMITED,VISAKHAPATNAM vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE-3, VISAKHAPATNAM

In the result, appeal of the assessee is allowed

68. Ground\n5. The Ld. CIT(Appeals), National Faceless Appeal Centre is not\njustified in confirming the treatment of Rs.1,00,00,000/- as unexplained\nexpenditure under section 69C

THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, , VISAKHAPATNAM vs. PHOZO DIGITAL PRESS PRIVATE LIMITED, VISAKHAPATNAM

In the result, appeals filed by the revenue as well as the cross objections filed by the assessee are dismissed

Bench: Shri N.K.Choudhry, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bleआयकरअपीलसं./I.T.A.No.04/Viz/2021& 05/Viz/2021 (निर्धारणवर्ा/Assessment Years :2015-16& 2016-17) Asst. Commissioner Of Vs. M/S Phozo Digital Press Pvt. Ltd. Income Tax D.No.48-13-18, Bhagavan Castle Central Circle-1 Sri Janakirama Street Visakhapatnam Sri Nagar, Visakhapatnam [Pan :Aagcp7803H]

section 68, 69 or 69C. During the course of assessment proceedings, one of the directors Shri B.V.Demulu has explained

THE ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,, VISAKHAPATNAM vs. PHOZO DIGITAL PRESS PRIVATE LIMITED, VISAKHAPATNAM

In the result, appeals filed by the revenue as well as the cross objections filed by the assessee are dismissed

Bench: Shri N.K.Choudhry, Hon’Ble & Shri D.S. Sunder Singh, Hon’Bleआयकरअपीलसं./I.T.A.No.04/Viz/2021& 05/Viz/2021 (निर्धारणवर्ा/Assessment Years :2015-16& 2016-17) Asst. Commissioner Of Vs. M/S Phozo Digital Press Pvt. Ltd. Income Tax D.No.48-13-18, Bhagavan Castle Central Circle-1 Sri Janakirama Street Visakhapatnam Sri Nagar, Visakhapatnam [Pan :Aagcp7803H]

section 68, 69 or 69C. During the course of assessment proceedings, one of the directors Shri B.V.Demulu has explained

THE INCOME TAX OFFICER, CIRCLE-1(1), VIJAYAWADA, VIJAYAWADA vs. VEDMUTHA ELECTRICALS INDIA PRIVATE LIMITED, VIJAYAWADA

In the result, all the captioned appeals filed by the Revenue are allowed for statistical purposes

Bench: Us:

Section 68 of the Act. 8. As a consequence of treating the aforesaid loan transaction as bogus, the A.O disallowed the assessee’s claim for deduction of interest of Rs. 11,83,562/- that the assessee company had claimed to have paid on the same. 9. Also, the A.O. going by the admission of Shri. Rajesh G. Mehta (supra

ACIT, CIRCLE-1(1),, VIJAYAWADA vs. VEDMUTHA ELECTRICALS INDIA PRIVATE LIMITED, VIJAYAWADA

In the result, all the captioned appeals filed by the Revenue are allowed for statistical purposes

Bench: Us:

Section 68 of the Act. 8. As a consequence of treating the aforesaid loan transaction as bogus, the A.O disallowed the assessee’s claim for deduction of interest of Rs. 11,83,562/- that the assessee company had claimed to have paid on the same. 9. Also, the A.O. going by the admission of Shri. Rajesh G. Mehta (supra