MAHESWARI MINING & ENERGY PRIVATE LIMITED ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-16(2), HYDERABAD

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ITA 1220/HYD/2019Status: DisposedITAT Hyderabad01 April 2024AY 2016-17Bench: SHRI LAXMI PRASAD SAHU (Accountant Member), SHRI K. NARASIMHA CHARY (Judicial Member)76 pages

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Income Tax Appellate Tribunal, HYDERABAD BENCHES “A”: HYDERABAD

Before: SHRI LAXMI PRASAD SAHU & SHRI K. NARASIMHA CHARY

For Appellant: Shri Y. Ratnamkar&
For Respondent: Shri Y.V.S.T. Sai
Hearing: 21/04/2022

आदेश/ORDER

Per MANJUNATHA, G. A.M

In accordance with the view expressed by the third Member, Hon'ble Vice-President, Hyderabad in the above case vide order dated 1/04/2024, we agree with the order proposed by the learned JM that the assessee is entitled to deduction u/s 32AD of the I.T. Act.

2.

In the result, appeal of the assessee is allowed.

:- 76 -: ITA No.1220Hyd/2019 M/s Maheswari Mining & Energy Pvt. Ltd., Hyderabad.

Order pronounced in the Open Court on6th May, 2024. Sd/- Sd/- (LALIET KUMAR) (MANJUNATHA, G) JUDICIAL MEMBER ACCOUNTANT MEMBER Hyderabad, dated 6th May, 2024 Vinodan/SPS

Copy to: S.No Addresses 1 M/s. Maheshwari Mining & Energy Pvt. C/o Venugopal & Chenoy, C.A, Tilak Road, Hyderabad 2 ACIT, Circle 16(2) Hyderabad 3 Pr. CIT – 4, Hyderabad 4 DR, ITAT Hyderabad Benches 5 Guard File

By Order

MAHESWARI MINING & ENERGY PRIVATE LIMITED ,HYDERABAD vs ASST. COMMISSIONER OF INCOME TAX, CIRCLE-16(2), HYDERABAD | BharatTax