Murali Golla , Nalgonda v. Income Tax Officer, Ward-1, Nalgonda

ITA 599/Hyd/2020 | 2017-2018
Pronouncement Date: 30-03-2021 | Result: Partly Allowed

Appeal Details

RSA Number 59922514 RSA 2020
Assessee PAN AEFPG5992L
Bench Hyderabad
Appeal Number ITA 599/Hyd/2020
Duration Of Justice 4 month(s) 27 day(s)
Appellant Murali Golla , Nalgonda
Respondent Income Tax Officer, Ward-1, Nalgonda
Appeal Type Income Tax Appeal
Pronouncement Date 30-03-2021
Appeal Filed By Assessee
Order Result Partly Allowed
Bench Allotted SMC
Tribunal Order Date 30-03-2021
Date Of Final Hearing 23-03-2021
Next Hearing Date 23-03-2021
Last Hearing Date 10-02-2021
First Hearing Date 10-02-2021
Assessment Year 2017-2018
Appeal Filed On 03-11-2020
Judgment Text
IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD SMC BENCH : HYDERABAD (THROUGH VIDEO CONFERENCE) BEFORE SHRI S.S. GODA R A JUDICIAL MEMBER ITA NO. 599 /HYD./20 20 ASSESSMENT YEAR: 20 17 - 1 8 SRI MURALI GOLLA VS. ITO WARD 1 NALGONDA NALGONDA [PAN: A EFPG5992L ] (APPELLANT) (RESPONDENT) FOR ASSESSEE : SHRI K.V. CHALAMAIAH AR FOR REVENUE : SRI N. SRIKANTH D.R. DATE OF HEARING : 23/03/ 2021 DATE OF PRONOUNCEMENT : 30 /0 3 /2021 O R D E R TH IS ASSESSEES APPEAL FOR A.Y. 2018 - 19 ARISE S AGAINST THE C OMMISSIONER OF INCOME TAX (APPEALS) [CIT(A)] - 3 HYDERABAD S ORDER DATED 31.08.2020 PASSED IN CASE NO. 10257 /2019 - 20 IN PROCEEDINGS U/S 143(3) OF THE INCOME TAX ACT 1961 [IN SHORT THE ACT]. HEARD BOTH THE PARTIES. CASE FILE PERUSED. 2. COMING TO THE SOLE SUBSTANTIVE GRIEVANCE THAT LEARNED LOWER AUTHORITIES HAVE ERRED IN LAW IN TREATING CASH DEPOSITS OF RS.6 30 000/ - AS UNEXPLAINED; I NOTICE AT THE OUTSET IN PAGE 7 OF ASSESSEES PAPER BOOK CONTAINING THE TAX PAYERS CASH ACCOUNT THAT H IS OPENING BALANCE AS ON 01.04.2016 WAS RS.4 83 957/ - . THIS CLINCHING FACT HAS GONE UNREBUTTED FROM DEPARTMENT SIDE. THE FACT ALSO REMAINS ASSESSEE HAS NOT BEEN ABLE TO EXPLAIN THE SOURCE OF REMAINING CASH DEPOSIT AMOUNTING TO RS.1 47 000/ - I THEREFORE DIRECT THE ITA NO. 599 /HYD/ 2020 AY 201 7 - 18 SRI MURALI GOLLA NALGONDA . 2 ASSESSING OFFICER TO DELETE THE IMPUGNED ADDITION TO THE EXTENT OF OPENING CASH BALANCE OF RS.4 83 957/ - . REMAINING COMPONENT OF THE IMPUGNED ADDITION SHALL STAND CONFIRMED. NECESSARY COMPUTATION WILL FOLLOW AS PER LAW. TH IS ASSESSEES APPEAL IS PARTLY ALLOWED IN ABOVE TERMS. ORDER PRONOUNCED IN OPEN COURT ON 30 /0 3 /2021. SD/ - (S.S. GODARA) JUDICIAL MEMBER DATED: 30 TH MARCH 2021 GMV COPY OF ORDER FORWARDED TO: 1. SRI MURALI GOLLA 14 - 24/2 SEETHARAMAPURAM MIRYALAGUDA NALGONDA TELANGANA 508 207 . 2. ITO WARD 1 NALGONDA 3. J CIT RANGE 7 HYDERABAD 4. CIT(A) - 3 HYDERABAD. 5. PR.CIT - 3 HYDERABAD 6 D.R. ITAT HYDERABAD 7. GUARD FILE