EXPRESSWAY SERVICES PVT LTD,HYDERABAD vs. DCIT., CENTRAL CIRCLE -2(4), HYDERABAD

In the result, the appeals filed by the assessee in ITA Nos

160 (Delhi) as relied on by leaned Sr. DR is not relevant to the issues involved in appellant's case. This case related to computation of block period-whether from the date of receipt of the seized material or from the date of recording the satisfaction note. This case never dealt with the issue of recording a common satisfaction note

EXPRESSWAY SERVICES PRIVATE LIMITED,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(4), HYDERABAD

In the result, the appeals filed by the assessee in ITA Nos

160 (Delhi) as relied on by leaned Sr. DR is not relevant to the issues involved in appellant's case. This case related to computation of block period-whether from the date of receipt of the seized material or from the date of recording the satisfaction note. This case never dealt with the issue of recording a common satisfaction note

SKANDHANSHI DEVELOPERS,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

160/-, which includes additional undisclosed income offered during the course of search on the basis of incriminating material which contains the unaccounted turnover of the entire group.\n\n7. During the course of assessment proceedings, the Assessing Officer on the basis of findings of the search coupled with the statement recorded from the assessee, called-upon the assessee to explain

SKANDHANSHI INFRA PROJECTS INDIA PRIVATE LIMITED,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

section 145(3) of\nthe I.T.Act. The books of accounts maintained by the assessee are therefore\nrejected.\n\n8. 1. Having rejected the books, the income of the assessee is required to be\nestimated based on the material available on record as per the following findings.\n8. 2. The assessee during the course of search proceedings as well as assessment

SKANDA INFRA PROJECTS,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

160/-,which includes additional undisclosed income offered\nduring the course of search on the basis of incriminating\nmaterial which contains the unaccounted turnover of the\nentire group.\n7. During the course of assessment proceedings, the\nAssessing Officer on the basis of findings of the search\ncoupled with the statement recorded from the assessee,\ncalled-upon the assessee to explain

SKANDA INFRA PROJECTS,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

160/-\nwhich includes additional undisclosed income offered\nduring the course of search on the basis of incriminating\nmaterial which contains the unaccounted turnover of the\nentire group.\n7. During the course of assessment proceedings, the\nAssessing Officer on the basis of findings of the search\ncoupled with the statement recorded from the assessee,\ncalled-upon the assessee to explain

SKANDA BUILDERS,KURNOOL vs. ACIT., CENTRAL CIRCLE - 2(3), HYDERABAD

1) of the Income \nTax Act, 1961 and claim of expenses paid to Commission \nAgents for marketing sale of flats are appears to be high and \nnot subjected to TDS, which attracts disallowance \nu/sec.40(a)(ia) of the Income Tax Act, 1961. Therefore, \nconsidering the overall scenario including relevant books of \naccounts maintained by the assessee and incriminating \nmaterial found

ACIT., CENTRAL CIRCLE-2(3), HYDERABAD vs. SKANDHANSHI INFRA PROJECTS INDIA PVT. LTD., BANGALORE

1. Further, with regard to the grounds of appeal no. 2 in ITA No.518/Hyd./2025\n(Assessee's Appeal) and ground no. 1 in ITA No.308/Hyd./2025 (Revenue's Appeal)\nand other grounds that may be urged, it is prayed that the\nappeal may be allowed.\nITA.No.308/Hyd./2025 – A.Y. 2019-2020 [Revenue Appeal]:\n4. The Revenue has also raised

SKANDHANSHI INFRA PROJECTS INDIA PRIVATE LIMITED,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

160/-\nwhich includes additional undisclosed income offered\nduring the course of search on the basis of incriminating\nmaterial which contains the unaccounted turnover of the\nentire group.\n7. During the course of assessment proceedings, the\nAssessing Officer on the basis of findings of the search\ncoupled with the statement recorded from the assessee,\ncalled-upon the assessee to explain

OWENS CORNING INDUSTRIES (INDIA) P. LTD. MAHABUBNAGAR (PREVIOUSLY KNOWN AS SAINT GOBAIN VETROTEX INDIA LTD),MAHABUBNAGAR DIST vs. DCIT, CIRCLE-3(1), HYDERABAD, HYDERABAD

Appeal is partly allowed in above terms

Bench: Shri A. Mohan Alankamony & Shri S.S. Godaraassessment Year: 2004-05 Owens Corning Industries Vs. The Deputy Commissioner (India) Private Limited Of Income Tax, (Previously Known As Saint Circle 3(1), Gobain Vetrotex India Hyderabad. Limited), Hyderabad. Pan : Aaacv9858N. (Appellant) (Respondent) Assessee By: Shri S. Rama Rao. Revenue By: Shri T. Sunil Goutam. Date Of Hearing: 17.02.2022 Date Of Pronouncement: 22.02.2022 O R D E R Per S. S. Godara, J.M. This Assessee’S Appeal For A.Y. 2004-05 Arises From The Commissioner Of Income Tax (Appeals) – 4, Hyderabad’S Order Dated 21.12.2015 In Case No.0217/Dcit, Cir.3(1)/2014-15/ Cit(A)-4/Hyd/2015-16 Involving Proceedings U/S 143(3) Of The Income Tax Act, 1961 [In Short, ‘The Act’].

Section 9(1)(vii) and hence taxable in India, Since the appellant has failed to deduct TDS, the same cannot be allowed as deduction u/s 40)a)(a) of the Act. Hence, the bushing charges of Rs. 80,99,675/- claimed as revenue expenditure is disallowed an added back to the total Income. An amount of Rs. 1

SKANDA BUILDERS,KURNOOL vs. ACIT., CENTRAL CIRCLE - 2(3), HYDERABAD

160/-. Notices u/s 143(2) and 142(1)\nwere issued with a detailed questionnaire and responses were submitted by the\nassessee's authorized reproduced.\nThe Assessment Order is reproduced in Para 4 above. In the\nAssessment order, the AO observed that:\ni) During the search action documents such as agreements, cash\nreceipts, and monthly collection sheets were seized, which revealed

SURESH KUMAR REDDY KRISHNAPURAM,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

160/-. Notices u/s 143(2) and 142(1) were issued with a detailed questionnaire and responses were submitted by the assessee’s authorized reproduced.\n\nThe Assessment Order is reproduced in Para 4 above. In the Assessment order, the AO observed that:\ni)\nDuring the search action documents such as agreements, cash receipts, and monthly collection sheets were seized, which

SKANDA BUILDERS,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

160/-\nwhich includes additional undisclosed income offered\nduring the course of search on the basis of incriminating\nmaterial which contains the unaccounted turnover of the\nentire group.\n\n7. During the course of assessment proceedings, the\nAssessing Officer on the basis of findings of the search\ncoupled with the statement recorded from the assessee,\ncalled-upon the assessee to explain

SKANDHANSHI INFRA PROJECTS INDIA PRIVATE LIMITED,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

160/-\nwhich includes additional undisclosed income offered\nduring the course of search on the basis of incriminating\nmaterial which contains the unaccounted turnover of the\nentire group.\n\n7. During the course of assessment proceedings, the\nAssessing Officer on the basis of findings of the search\ncoupled with the statement recorded from the assessee,\ncalled-upon the assessee to explain

ACIT., CENTRAL CIRCLE-2(3), HYDERABAD vs. SKANDHANSHI INFRA PROJECTS INDIA PVT. LTD., BANGALORE

160/-, which includes additional undisclosed income offered during the course of search on the basis of incriminating material which contains the unaccounted turnover of the entire group.\n\n7. During the course of assessment proceedings, the Assessing Officer on the basis of findings of the search coupled with the statement recorded from the assessee, called-upon the assessee to explain

SKANDHANSHI DEVELOPERS,KURNOOL vs. ACIT., CENTRAL CIRCLE - 2(3), HYDERABAD

160/-\nwhich includes additional undisclosed income offered\nduring the course of search on the basis of incriminating\nmaterial which contains the unaccounted turnover of the\nentire group.\n7. During the course of assessment proceedings, the\nAssessing Officer on the basis of findings of the search\ncoupled with the statement recorded from the assessee,\ncalled-upon the assessee to explain

SKANDHANSHI INFRA PROJECTS,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

160/-\nwhich includes additional undisclosed income offered\nduring the course of search on the basis of incriminating\nmaterial which contains the unaccounted turnover of the\nentire group.\n7.\nDuring the course of assessment proceedings, the\nAssessing Officer on the basis of findings of the search\ncoupled with the statement recorded from the assessee,\ncalled-upon the assessee to explain