Gollapalli Giridhar Venkata Srinivasa vs. ITO, Ward 12(1), Hyderabad

Parties Involved

Facts Summary

The assessee, Gollapailli Giridhar Venkata Srinivasa, has appealed against the order passed by the Ld. CIT(A)-National Faceless Appeal Centre (NFAC), Delhi for the Assessment Year 2015-2016. The assessee has raised several grounds of appeal, including the contention that the notice issued under Section 148 of the Income Tax Act is barred by limitation as it was issued beyond the prescribed period of six years from the end of the assessment year. The assessee also argued that the addition made under Section 69A of the Act was erroneous and that the tax demand was incorrectly calculated. The assessee requested the Tribunal to admit additional grounds/evidence as per the decision of the Supreme Court in the case of NTPC vs. CIT.…

Legal Issues

• 1. Whether the notice issued under Section 148 of the Act is barred by limitation.
• 2. Whether the addition made under Section 69A of the Act was erroneous.
• 3. Whether the tax demand was incorrectly calculated.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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