Veera Reddy Posham Vs ACIT (ITAT Hyderabad)
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, adjudicated two appeals filed by the assessee against separate orders dated 12.08.2025 and 13.08.2025 passed by the Commissioner of Income Tax (Appeals)-11, Hyderabad, for assessment years 2020–21 and 2022–23 respectively.
At the time of hearing before the Tribunal, no one appeared on behalf of the assessee. The record showed that even on the earlier date of hearing there was no representation from the assessee. Notices were issued by speed post and email, but neither any response nor appearance was made. Consequently, the Tribunal proceeded to hear and decide the appeals ex parte.
Appeal for Assessment Year 2020–21
The appeal related to reassessment proceedings under Sections 143(3) read with 147 of the Income Tax Act. The assessee challenged the reassessment order determining total income at ₹7,86,050 as against the returned income of ₹6,43,050. The assessee also contested the disallowance of deduction under Section 80C and exemption under Section 10(13A) relating to House Rent Allowance (HRA).
A search and seizure operation under Section 132 had been conducted on 18.01.2023 in the case of various entities belonging to the Ira Group. The residential premises of the assessee were also covered during the operation. Following the search, the Assessing Officer issued notice under Section 148. The assessee did not file a return in response to the notice. Thereafter, a notice under Section 142(1) dated 22.10.2024 was issued calling for information.
