TRINITY INFRAVENTURES LIMITED,NEW DELHI vs. DEPUTY COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE -3, HYDERABAD

ITA 788/HYD/2020Status: DisposedITAT Hyderabad23 September 2026AY 2010-1145 pages
AI SummaryDismissed

What were the facts?

The assessee company's appeal and the Revenue's cross-appeal concerned assessment year 2010-11. The Assessing Officer made an addition regarding the sale of land, which the CIT(A) partly deleted. The Revenue appealed the deletion.

What did the Tribunal hold?

The Tribunal upheld the CIT(A)'s decision to delete the addition, finding that the entire sale consideration for the land was already assessed in the hands of another entity, Trinity Infraventures Limited. The Revenue failed to provide evidence to the contrary.

What were the issues?

Whether the addition made by the AO towards capital gains on land sale was justified when the sale consideration was already assessed in the hands of another entity. Whether the CIT(A) erred in deleting the addition.

Which sections of the Income-tax Act were involved?

Section 132,Section 153C,Section 143(3),Section 142(2A),Section 145(3),Section 50C,Section 132(4A)

AI-generated summary — verify with the full judgment below

Heard together (2 matters)

ITA 788/HYD/2020
ITA 763/HYD/2020

Read from the judgment's own cause title. This page is filed under one of them.

आयकर अपीलीय न्यायाधिकरण में, हैदराबाद ‘बी’ बेंच, हैदराबाद IN THE INCOME TAX APPELLATE TRIBUNAL Hyderabad “B” Bench, Hyderabad श्री विजय पाल राि, माननीय उपाध्यक्ष एिं श्री मंजूनाथ जी, माननीय लेखा सदस्य SHRI VIJAY PAL RAO, HON’BLE VICE PRESIDENT AND SHRI MANJUNATHA G, HON’BLE ACCOUNTANT MEMBER ITA 788/HYD/2020 (निर्धारण वर्ा/Assessment Year: 2010-11) TRINITY INFRAVENTURES LIMITED DEPUTY COMMISSIONER OF C/O P MURALI & CO, INCOME TAX ,CENTRAL CHARTERED ACCOUNTANTS, CIRCLE -3 6-3-655/2/3,SOMAJIGUDA HYDERABAD, Vs. HYDERABAD -500082, TELANGANA. TELANGANA अपीलधर्थी Appellant प्रत्यर्थी Respondent

Permanent Account Number of Assessee: AABCG1937G

अपीलधर्थी द्वारा/Appellant represented by: CA P Murali Mohan Rao प्रत्यर्थी द्वारा/Respondent represented by: CIT-DR Waseem UR Rehman

ITA 763/HYD/2020 (निर्धारण वर्ा/Assessment Year: 2010-11) ASSISTANT COMMISSIONER OF TRINITY INFRAVENTURES INCOME TAX CENTRAL LIMITED CIRCLE3-(2) 6/10, SHANTHI NIKETAN, Vs. HYDERABAD-500004, NEW DELHI TELANGANA NEW DELHI-110021, DELHI अपीलधर्थी Appellant प्रत्यर्थी Respondent

Permanent Account Number of Assessee: AABCG1937G CIT-DR Waseem UR अपीलधर्थी द्वारा/Appellant represented by: Rehman प्रत्यर्थी द्वारा/Respon

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