CIT v. PNC Construction Co. Ltd.

Dy. Commissioner of Income Tax, Circle-3(1), Hyderabad vs. Sew Infrastructure Limited, Hyderabad

Bench: Shri Manjunatha G & Shri K. Narasimha Chary

…IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD “A” BENCH : HYDERABAD BEFORE SHRI MANJUNATHA G, ACCOUNTANT MEMBER AND SHRI K. NARASIMHA CHARY, JUDICIAL MEMBER ITA.Nos.1721, 1722, 1723/Hyd/2017 Assessment Years 2013-2014, 2014-2015 & 2015-2016 The DCIT, Central Circle-2(2), 6th Floor, Aaykar Bhavan, Basheerbagh, Hyderabad. Telangana. (Appellant) vs. M/s. SEW Infrastructure Limited, 6-3-871, Snehalata, Greenlands Road, Begumpet, Hyderabad. Telangana. PAN AADCS4061P (Respondent) ITA.No.1416/Hyd./2019 Assessment Year 2016-2017 The DCIT, Circle-3(1), Room No.714, 7th Floor, Singature Towers, Opp. Botanical Gardens, K…

Dy.Commissioner of Income Tax, Circle 2(2), Hyderbad vs. Sew Infrastucture Limited, Hyderabad

Bench: Shri Manjunatha G & Shri K. Narasimha Chary

…IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD “A” BENCH : HYDERABAD BEFORE SHRI MANJUNATHA G, ACCOUNTANT MEMBER AND SHRI K. NARASIMHA CHARY, JUDICIAL MEMBER ITA.Nos.1721, 1722, 1723/Hyd/2017 Assessment Years 2013-2014, 2014-2015 & 2015-2016 | The DCIT, Central Circle-2(2), 6th Floor, Aaykar Bhavan, Basheerbagh, Hyderabad. Telangana. (Appellant) | vs. | M/s. SEW Infrastructure Limited, 6-3-871, Snehalata, Greenlands Road, Begumpet, Hyderabad. Telangana. PAN AADCS4061P (Respondent) ITA.No.1416/Hyd./2019 Assessment Year 2016-2017 The DCIT, Circle-3(1), Room No.714, 7th Floor, Singature Towers, Opp. Botanic…

Dy.Commissioner of Income Tax, Central Circle-2(2), Hyderabad vs. Sew Infrastructure Limited, Hyderabad

Bench: Shri Manjunatha G & Shri K. Narasimha Chary

…IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD “A” BENCH : HYDERABAD BEFORE SHRI MANJUNATHA G, ACCOUNTANT MEMBER AND SHRI K. NARASIMHA CHARY, JUDICIAL MEMBER ITA.Nos.1721, 1722, 1723/Hyd/2017 Assessment Years 2013-2014, 2014-2015 & 2015-2016 The DCIT, Central Circle-2(2), 6th Floor, Aaykar Bhavan, Basheerbagh, Hyderabad. Telangana. (Appellant) vs. M/s. SEW Infrastructure Limited, 6-3-871, Snehalata, Greenlands Road, Begumpet, Hyderabad. Telangana. PAN AADCS4061P (Respondent) ITA.No.1416/Hyd./2019 Assessment Year 2016-2017 The DCIT, Circle-3(1), Room No.714, 7th Floor, Singature Towers, Opp. Botanical Gardens, K…

Dy.Commissioner of Income Tax, Central Circle-2(2), Hyderabad vs. Sew Infrastructure Limited, Hyderabad

Bench: Shri Manjunatha G & Shri K. Narasimha Chary

…IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD “A” BENCH : HYDERABAD BEFORE SHRI MANJUNATHA G, ACCOUNTANT MEMBER AND SHRI K. NARASIMHA CHARY, JUDICIAL MEMBER ITA.Nos.1721, 1722, 1723/Hyd/2017 Assessment Years 2013-2014, 2014-2015 & 2015-2016 The DCIT, Central Circle-2(2), 6th Floor, Aaykar Bhavan, Basheerbagh, Hyderabad. Telangana. (Appellant) vs. M/s. SEW Infrastructure Limited, 6-3-871, Snehalata, Greenlands Road, Begumpet, Hyderabad. Telangana. PAN AADCS4061P (Respondent) ITA.No.1416/Hyd./2019 Assessment Year 2016-2017 The DCIT, Circle-3(1), Room No.714, 7th Floor, Singature Towers, Opp. Botanical Gardens, K…

Asst. Commissioner of Income Tax, Central Circle-2(1), Hyderabad vs. Megha Engineering and Infrastructures Limited, Hyderabad

In the result, the appeal filed by the Revenue is partly allowed

Bench: Shri Manjunatha G. Hon’Ble & Shri Prakash Chand Yadav, Hon’Bleassessment Year – 2020-21 The Assistant Commissioner Of Vs. M/S.Megha Engineering & Infrastructure Ltd. Income Tax, Hyderabad. Central Circle – 2(1), Hyderabad. Pan : Aaecm7627A

…आयकर अपीलीय अधिकरण, हैदराबाद पीठ में IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCHES “A” , HYDERABAD BEFORE SHRI MANJUNATHA G. HON’BLE ACCOUNTANT MEMBER AND SHRI PRAKASH CHAND YADAV, HON’BLE JUDICIAL MEMBER Assessment Year – 2020-21 The Assistant Commissioner of Vs. M/s.Megha Engineering & Infrastructure Ltd. Income Tax, Hyderabad. Central Circle – 2(1), Hyderabad. PAN : AAECM7627A (Appellant) (Respondent) Assessee by: Shri K.C. Devdas, C.A. Revenue by: Shri B. Bala Krishna, CIT-DR Date of hearing: 09.09.2024 Date of pronouncement: 25.09.2024 O R D E R PER MANJUNATHA G. A.M. This appeal filed by the Re…

Dy. Commissioner of Income Tax, Circle-2(1), Hyderabad vs. Hes Infra Private Limited, Hyderabad

In the result, the appeal of the Revenue is allowed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

…d not distinguish or dispute the facts as upheld by ITAT, Visakhapatnam, which has been further supported by the decision of ITAT, Lucknow, in the case of PNC Constructions Co Pvt. Ltd Vs. DCIT (37 Taxmann.com 361), and further upheld by Allahabad High Court (55 Taxmann.com 21). It was also rightly contended by the assessee/appellant that AO preferred not to allow deduction merely because the order of ITAT, Vishakhapatnam Bench, was not accepted by the department, and a further appeal was preferred before High Court. As regard to the binding nature of decision of ITAT, the appellant filed comprehensive explanatio…

Dy. Commissioner of Income Tax, Central Circle-2(1), Hyderabad vs. Hes Infra Private Limited, Hyderabad

In the result, the appeal of the Revenue is allowed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

…d not distinguish or dispute the facts as upheld by ITAT, Visakhapatnam, which has been further supported by the decision of ITAT, Lucknow, in the case of PNC Constructions Co Pvt. Ltd Vs. DCIT (37 Taxmann.com 361), and further upheld by Allahabad High Court (55 Taxmann.com 21). It was also rightly contended by the assessee/appellant that AO preferred not to allow deduction merely because the order of ITAT, Vishakhapatnam Bench, was not accepted by the department, and a further appeal was preferred before High Court. As regard to the binding nature of decision of ITAT, the appellant filed comprehensive explanatio…