ACIT Non Corporate Circle 20(1), CHENNAI Ramcharan Tej Konidala, CHENNAI Details

Last updated: 19 May 2021

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Quick Summary

This Income Tax Appellate Tribunal case concerns an appeal by the Revenue against a decision that deleted an addition of £1,54,50,000. This amount was initially added by the Assessing Officer as unexplained investment, specifically an 'on-money' payment for a villa plot purchased by film artist Ramcharan Tej Konidala. The Revenue argued the addition was based on CBI findings and that the issue was not yet finalised by the CBI Special Court.

Court :
ITAT Chennai

Brief :
This appeal filed by the Revenue is directed against order of the learned CIT(A)-14, Chennai dated 28.03.2018 and pertains to assessment year 2009-10.

Citation :
I.T.A.No.2074/Chny/2018

Daily Limit Reached