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No Addition Permitted U/s 69A Once Taxpayer Properly Explains Source Of Cash Deposit: Vishakhapatnam ITAT

Finding that the assessee has properly explained the source of cash deposit, the Visakhapatnam ITAT directed the AO to delete the addition made u/s 69A of the Income Tax Act. . ....

Andhra Pradesh , Income Tax , Duvvuru Rl Reddy , Judicial Member , Short Term Capital Gain , Vishakhapatnam Itat , Cash Deposit , Elete The Addition , S 69a Of The Income Tax Act ,

Time Barred Appeal Is Not Maintainable In Absence Of Sufficient Cause For Condonation: Vishakhapatnam ITAT

On finding that the assessee had neither substantiated his case before the Tribunal or before the CIT(A), the Visakhapatnam ITAT rejected the condonation and dismissed the appeal filed by the. ....

Andhra Pradesh , Mahesh Gurram , Duvvuru Rl Reddy , Judicial Member , Accountant Member , Vishakhapatnam Itat , Ondonation ,

ITAT Allows Section 80P Deduction On Interest Income Arising From Deposits/Investments Made With Co-Operative Bank

The Visakhapatnam Income Tax Appellate Tribunal (ITAT) has held that there is a deduction under Section 80P of the Income Tax Act on interest income arising from deposits or investments made with. ....

Andhra Pradesh , Visakhapatnam Income Tax Appellate Tribunal , Income Tax Act , Duvvuru Rl Reddy , Judicial Member , Accountant Member , For Appellant , Ection 80p , Co Operative Bank ,