Principal Commissioner of Income Tax - 2 vs Shri Sudhir Babu Chalasani — ITTA/77/2026

Case under Income Tax Act Section 260A. Next hearing: : -.

Next hearing —

CNR: HBHC010233062026

e-Filing Number

10-04-2026

Filing Number

ITTA/16761/2026

Filing Date

10-Apr-2026

Registration No

ITTA/77/2026

Registration Date

05-May-2026

Judge

P.sam Koshy , Narsing Rao Nandikonda

Coram

P.sam Koshy , Narsing Rao Nandikonda

Bench Type

Division Bench

Category

ITTA ( 13 )

Sub-Category

Income Tax Tribunal Appeals ( 1 )

Judicial Branch

CIVIL Section

Last updated 09-Jun-2026

Acts & Sections

Income Tax Act Section 260A

Petitioner(s)

  1. 1.Principal Commissioner of Income Tax - 2

    Adv. J SUNITHA (SR SC FOR INCOM TAX)

Respondent(s)

  1. 1.Shri Sudhir Babu Chalasani

Case History

  1. —

    Next hearingPending

  2. 08-Jun-2026

    P.sam Koshy,narsing Rao NandikondaView PDF

    Case Summary: ITTA No.77/2026 On 08.06.2026, the High Court for the State of Telangana admitted the Income Tax appeal filed by the Principal Commissioner of Income Tax challenging the ITAT's decision in favor of assessee Shri Sudhir Babu Chalasani. The appeal raises two substantial questions of law: whether the ITAT was justified in accepting the assessee's claim regarding share transactions despite denial of section 10(38) exemption for bogus long-term capital gains, and whether the ITAT erred in deciding the section 69A addition without applying the "test of human probabilities." The respondent's counsel accepted notice, and the case was listed for final hearing with ITTA No.76 of 2026. This case analysis is maintained by casestatus.in based on publicly available court records.

  3. 08-Jun-2026

    Fresh Admission

    P.sam Koshy , Narsing Rao Nandikonda

  4. 10-Apr-2026

    Case filed

    Registration No. ITTA/77/2026

casestatus.in Summary

Case Summary: ITTA No.77/2026 On 08.06.2026, the High Court for the State of Telangana admitted the Income Tax appeal filed by the Principal Commissioner of Income Tax challenging the ITAT's decision in favor of assessee Shri Sudhir Babu Chalasani. The appeal raises two substantial questions of law: whether the ITAT was justified in accepting the assessee's claim regarding share transactions despite denial of section 10(38) exemption for bogus long-term capital gains, and whether the ITAT erred in deciding the section 69A addition without applying the "test of human probabilities." The respondent's counsel accepted notice, and the case was listed for final hearing with ITTA No.76 of 2026. This case analysis is maintained by casestatus.in based on publicly available court records.

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