Visakhapatnam ITAT Judgements
15 judgements delivered by the Visakhapatnam bench of the Income Tax Appellate Tribunal. Free to read, no signup required.
Uppada Kesavajanardhana Rao v. Asst. CIT
I.T.A. No. 40/VIZ/2024Visakhapatnam12 Sept 2024The assessee, Uppada Kesavajanardhana Rao, a non-resident individual, filed a belated return of income for the Assessment Year 2016-17 on 20.03.2019, reporting short-term capital gains of Rs. 99,76,950/- and paying taxes of Rs. 49,83,790/- …
Read summaryVara Prasad Didla Vs. Assistant Commissioner of Income Tax, Circle-3(1), Visakhapatnam
I.T.A. No. 119/Viz/2024Visakhapatnam12 Sept 2024The assessee, Vara Prasad Didla, filed his return of income for the Assessment Year 2017-18, admitting a total income of Rs. 21,23,540/-. The case was selected for limited scrutiny under CASS due to large cash deposits during the demonetiza…
Read summaryMALIPEDDI GIRIDHAR v. THE ASST. CIT- CIRCLE-1
I.T.A.No.169/VIZ/2024Visakhapatnam12 Sept 2024The assessee, MALIPEDDI GIRIDHAR, filed his original return of income admitting a total loss of Rs.16,64,434/- for the Assessment Year 2017-18 on 22.09.2017. Later, on 02.02.2018 and 31.03.2018, the assessee filed two revised returns admitt…
Read summaryCh. Rama Rao vs. Income Tax Officer
I.T.A. No.153/Viz/2024Visakhapatnam10 Sept 2024The assessee, a partnership firm doing business of petrol bunk, filed its return of income for the Assessment Year 2017-18 on 22/10/2017, reporting a total turnover of Rs. 35,70,43,007/-. The assessee's turnover exceeded the prescribed limi…
Read summarySree Sai Sameera Pharmacy vs. Income Tax Officer
I.T.A. No. 103/Viz/2024Visakhapatnam10 Sept 2024The assessee, Sree Sai Sameera Pharmacy, is a partnership firm engaged in the business of purchasing and selling medicines. During the assessment proceedings for the Assessment Year 2018-19, the Assessing Officer observed that the assessee …
Read summaryChandrasekhar Yernena vs. Income Tax Officer
I.T.A. No.125/Viz/2024Visakhapatnam10 Sept 2024The assessee, Chandrasekhar Yernena, engaged in the liquor business, filed his income return for the Assessment Year 2016-17 electronically on 29/09/2016, admitting a total taxable income of Rs. 9,53,550/-. The case was selected for scrutin…
Read summaryJoji Reddy Yeruva & Y. Lourdu Reddy v. Asst. Commissioner of Income-Tax
I.T.A. Nos. 325, 326, 327 & 328/VIZ/2018Visakhapatnam9 Sept 2024The assessees, Joji Reddy Yeruva and Y. Lourdu Reddy, filed appeals against the orders of the Commissioner of Income Tax (Appeals) for the assessment years 2007-08, 2008-09, and 2009-10. The appeals were related to the addition of unexplain…
Read summaryShaik Abdul Zilani vs. The Income Tax Officer
ITA 499/VIZ/2026Visakhapatnam9 Sept 2026The assessee, Shaik Abdul Zilani, filed his return of income for the Assessment Year 2021-22 on 21.12.2021, declaring an income of Rs. 4,86,810/-. His case was selected for complete scrutiny to verify large cash deposits in his bank account…
Read summarySajja Kiran Kumar vs. The Income Tax Officer
ITA 18/VIZ/2026Visakhapatnam9 Sept 2026The assessee, Sajja Kiran Kumar, had made substantial cash deposits in his bank account but did not file his income return for the assessment year 2018-19. The Assessing Officer (AO) initiated reassessment proceedings under section 147 of t…
Read summaryMarut Prasanth Gogineni vs. Income Tax Officer
ITA 268/VIZ/2026Visakhapatnam9 Sept 2026The assessee, Marut Prasanth Gogineni, filed an updated return of income under Section 139(8A) of the Income Tax Act, 1961, declaring an income of Rs. 10,918/-. Based on information from the Insight Portal under the Risk Management Strategy…
Read summaryIncome Tax Appellate Tribunal, Visakhapatnam Bench, Visakhapatnam
ITA 724/VIZ/2025Visakhapatnam9 Sept 2026The assessee was subjected to search proceedings under Section 132 of the Income Tax Act, 1961 on 24-11-2015, during which silver jewelry valued at Rs. 46,84,044/- was found in his possession. The assessee admitted to being unable to substa…
Read summaryMadhusudhanarao Ramisetty vs. Income Tax Officer
ITA 506 & 507/VIZ/2026Visakhapatnam9 Sept 2026The assessee, Madhusudhanarao Ramisetty, carried out substantial financial transactions during the assessment years 2015-16 and 2016-17 but did not file his return of income. The Assessing Officer (AO) initiated proceedings under section 14…
Read summaryAndhra Pradesh Medical Services and Infrastructure Development Corporation vs. DCIT, Circle-1(1), Guntur
ITA 465/VIZ/2026Visakhapatnam9 Sept 2026The assessee, Andhra Pradesh Medical Services and Infrastructure Development Corporation, an Association of Persons (AOP), had not filed its return of income for the Assessment Year 2020-21. The Assessing Officer (AO) initiated proceedings …
Read summaryABHYUDAYA EDUCATIONAL SOCIETY Vs. THE INCOME TAX OFFICER
ITA 517/VIZ/2026Visakhapatnam9 Sept 2026The assessee society, which is running a degree college, had filed its return of income for the assessment year 2018-19 on 31.03.2019, declaring an income of Rs. Nil. The return of income was processed by the AO/CPC under Section 143(1) of …
Read summaryAbbayi Sunkara vs. Income Tax Officer
ITA 302/VIZ/2026Visakhapatnam9 Sept 2026Abbayi Sunkara, the appellant, filed his return of income for the assessment year 2017-18, declaring an income of Rs. 5,26,150/-. The Assessing Officer (AO) determined the assessee's total income at Rs. 8,93,342/- under Section 143(3) of th…
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