ACIT, CENTRAL CIRCLE-2(4), HYDERABAD vs. BAPU REDDY JALA , NIZAMABAD

In the result, appeal filed by the Revenue is dismissed

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2019-20 Acit, Central Circle 2(4) Vs. Shri Bapu Reddy Jala Hyderabad Nizamabad Pan:Aabci9355A (Appellant) (Respondent) Assessee By: Shri P. Murali Mohan Rao, Ca Revenue By: Shri Kumar Aditya, Dr Date Of Hearing: 12/06/2023 Date Of Pronouncement: 15/06/2023 Order Per Laliet Kumar, J.M This Appeal Filed By The Assessee Is Directed Against The Order Dated 26.08.2022 Of The Learned Cit (A)-12, Hyderabad Relating To A.Y. 2019-20. 2. The Revenue Has Raised The Following Grounds Of Appeal: "1. The Ld. Cit(Appeals) Erred Both In Law & On Facts Of The Case In Granting Relief To The Assessee. 2. The Ld. Cit(A) Erred In Law By Allowing The Assessee'S Appeal The Assessment Order Passed U/S. 153A Of The It Act, 1961 Dated 29.09.2021 Stating That The Sum Of Rs.75,00,000/- Not To Be Treated As Unexplained Income Of The Assessee. 3. The Ld. Cita) Erred In Law By Allowing The Assessee'S Appeal The Assessment Order Passed U/S. 271D Of The It Act, 1961 Dated 01.06.2021

section 271D r.w.s. 269SS of the Act. He had also relied upon the Board Circular No.220 (F.No.206/17/76 IT(A-II) dated 31.05.1977 to buttress the argument. 8. Per contra, the learned AR had made threefold submissions that the learned CIT (A) in the quantum proceeding had granted the relief to the assessee and our attention was drawn

HOMOEOPATH TOUFEEQ AHMED,HYDERABAD vs. ADDL. COMMISSIONER OF INCOME TAX, RANGE-9, HYDERABAD

In the result, appeal of the assessee is allowed

Bench: Shri K. Narasimha Chary

house bearing Municipal No. 16-9-433/1, admeasuring 407.7 Sq. Yards or equivalent to 340.91 Sq. Meters, situated at old Malakpet, near Race Course, Hyderabad for an amount of Rs. 41,53,000/- and accepted Rs. 41,53,000/- in cash in contravention to the provision of section 269SS of the Income Tax Act, 1961 (‘the Act’), learned Assessing

RAVI RISHI EDUCATIONAL SOCIETY,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(4), HYDERABAD

In the result, three appeals i

property.\nThis should be paid as per demand notice u/s. 156 enclosed\nSd/-MOHAN KUMAR R\nRANGE-9, HYDERABAD\nAddl. Commr. of Income Tax,\nRange-9, Hyderabad.\"\n6.\nThus, it is clear from the impugned order u/sec.271D that there\nwas no Reference by the Assessing Officer and also there were no\nassessment proceedings or any other proceedings in the case

LATE NIMMATOORI RAJA BABU,HYDERABAD vs. ACIT., CENTRAL CIRCLE 2(4), HYDERABAD

In the result, ITA.Nos.596 & 597/Hyd

property whether or not the transfer takes\nplace.\nIt is further proposed to make consequential amendments in section 271D and section 271E to provide\npenalty for failure to comply with the amended provisions of section 269SS and 269T, respectively.\nThese amendments will take effect from 1st day of June, 2015.\n[Clauses 66, 67, 69 & 70]\n15. In the present