The Principal Director of Income Tax (Investigation) v. Mr. Prakash Nimmagadda
Case brief
What is this about?
Telangana High Court ITTA No.4 of 2026 dated 08.01.2026 dismissed on monetary-limit grounds; tax effect Rs.10,00,000/- (Ten Lakhs) below Rs.2 crore limit under Circular No.5 of 2024 (raised from Rs.1 crore) for appeals to ITATs/High Courts/Supreme Court; penalty under Section 43, Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015; Block Assessment Year 2019-20; appeal under Section 260A, Income Tax Act, 1961; ITAT Hyderabad 'B' Bench B.M.A.No.11/Hyd/2024 order dated 21.04.2025; CIT(A)-11 Hyderabad order dated 28.06.2024 in CIT(A)/BMA/001/2022-23; Asst. Director of Income Tax order dated 26.03.2022; PAN ACAPN4246R; assessee/respondent Prakash Nimmagadda, Secunderabad; appellant Principal Director of Income Tax (Investigation); counsel N. Praveen Reddy, Senior Standing Counsel; bench P. Sam Koshy J. (author) and Suddala Chalapathi Rao J.; miscellaneous petitions closed; no costs.