ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. ASCEND TELCOM INFRASTRUTURE PRIVATE LIMITED , HYDERABAD

In the result, the appeal filed by the Revenue is allowed for statistical purposes while the corresponding C

Bench: Shri R.K. Panda & Shri Laliet Kumar

TDS has not been deducted for the aforesaid payment for the subject assessment year without considering the fact that CWIP was not claimed as deductible expense while computing the taxable income. 3.2.14. In this regard, it is submitted that no disallowance is warranted under section 40(a)(ia) of the Act towards non deduction of tax at source on capitalized

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. ASCEND TELECOM INFRASTRUCTURE PRIVATE LIMITED, HYDERABAD

In the result, the appeal filed by the Revenue is allowed for statistical purposes while the corresponding C

Bench: Shri R.K. Panda & Shri Laliet Kumar

TDS has not been deducted for the aforesaid payment for the subject assessment year without considering the fact that CWIP was not claimed as deductible expense while computing the taxable income. 3.2.14. In this regard, it is submitted that no disallowance is warranted under section 40(a)(ia) of the Act towards non deduction of tax at source on capitalized

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. ASCEND TELECOM INFRASTRUCTURE PRIVATE LIMITED, HYDERABAD

In the result, the appeal filed by the Revenue is allowed for statistical purposes while the corresponding C

Bench: Shri R.K. Panda & Shri Laliet Kumar

TDS has not been deducted for the aforesaid payment for the subject assessment year without considering the fact that CWIP was not claimed as deductible expense while computing the taxable income. 3.2.14. In this regard, it is submitted that no disallowance is warranted under section 40(a)(ia) of the Act towards non deduction of tax at source on capitalized

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. ASCEND TELECOM INFRASTRUCTURE PRIVATE LIMITED, HYDERABAD

In the result, the appeal filed by the Revenue is allowed for statistical purposes while the corresponding C

Bench: Shri R.K. Panda & Shri Laliet Kumar

TDS has not been deducted for the aforesaid payment for the subject assessment year without considering the fact that CWIP was not claimed as deductible expense while computing the taxable income. 3.2.14. In this regard, it is submitted that no disallowance is warranted under section 40(a)(ia) of the Act towards non deduction of tax at source on capitalized

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. ASCEND TELCOM INFRASTRUTURE PRIVATE LIMITED , HYDERABAD

In the result, the appeal filed by the Revenue is allowed for statistical purposes while the corresponding C

Bench: Shri R.K. Panda & Shri Laliet Kumar

TDS has not been deducted for the aforesaid payment for the subject assessment year without considering the fact that CWIP was not claimed as deductible expense while computing the taxable income. 3.2.14. In this regard, it is submitted that no disallowance is warranted under section 40(a)(ia) of the Act towards non deduction of tax at source on capitalized

RAJESH DADU,HYDERABAD vs. DCIT, CIRCLE-1(1), HYDERABAD

Bench: Shri R.K. Panda & Shri K. Narasimha Charyassessment Year: 2019-20 Shri Rajesh Dadu Vs. Dy.C.I.T. Hyderabad Circle 4(1) Pan:Aerpd6385C Hyderabad (Appellant) (Respondent) Assessee By: Shri B. Radha Krishna, Ca Revenue By: Shri Kprr Murthy, Cit(Dr) Date Of Hearing: 23/03/2023 Date Of Pronouncement: 31/03/2023 Order Per R.K. Panda, A.M This Appeal Filed By The Assessee Is Directed Against The Order Dated 9.11.2022 Of The Learned Cit (A)-Nfac, Relating To A.Y.2019-20. 2. Although A Number Of Grounds Have Been Raised By The Assessee, However, These All Relate To The Order Of The Cit (A)- Nfac In Upholding The Order Passed By The Cpc In Not Giving Credit Of Tds Amount Of Rs.10,11,000/-.

section 1941A of the Act, but the same was not deposited by the vendee into Central Government account and no Form 26B uploaded by him. From the details furnished by the assessee, it is not clear/evident whether the vendee/agreement holder Mr.Pardeep Ramrakhyani had made TDS of Rs.10,11,000/-. it is the plea of the assessee that the said amount

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

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

182 taxmann.com 591 (SC)] wherein it was held that in Section 153C the expression "have a bearing on the determination of total income" assumes central importance. It mandates that the Assessing Officer must arrive at clear and objective satisfaction that the incriminating material gathered during the search is likely to impact the computation of total income for a specific assessment

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

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

182 taxmann.com 591 (SC)] wherein it was held that in Section 153C the expression "have a bearing on the determination of total income" assumes central importance. It mandates that the Assessing Officer must arrive at clear and objective satisfaction that the incriminating material gathered during the search is likely to impact the computation of total income for a specific assessment

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

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

182 taxmann.com 591 (SC)] wherein it was held that in Section 153C the expression "have a bearing on the determination of total income" assumes central importance. It mandates that the Assessing Officer must arrive at clear and objective satisfaction that the incriminating material gathered during the search is likely to impact the computation of total income for a specific assessment

VIJAYAWADA TOLLWAY PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE-8(1), HYDERABAD

In the result, the appeal filed by the assessee is\nOrder pronounced in the Open Court on 6th February, 2026

182/-.\nOn the aforesaid disallowance of expenditure, the Ld. AO initiated\npenalty proceedings under section 271(1)(c) of the Act and levied\npenalty of Rs.3,74,31,109/- vide order dated 27.03.2022.\n4.\nAggrieved with the penalty order of the Ld. AO, the\nassessee preferred an appeal before the Ld. CIT(A), who confirmed\nthe penalty levied

BSCPL INFRASTRUCTURE LIMITED,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3), HYDERABAD

In the result, appeal of the assessee is partly allowed for statistical purposes in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahuassessment Year: 2014-15 Bscpl Infrastructure Ltd., Vs. Dy. Commissioner Of Hyderabad. Income-Tax, Central Circle – 1(3), Pan – Aaacb 8316K Hyderabad.

TDS with interest at a _ prescribed rate and therefore it is not a violative and prohibitive under explanation 1 of 37(1) and as per settled case law "2016-TT]-175, Pg:-81, Gillco developers & Builders (P) Ltd Vs DCIT(Chd). 2. The assessee also filed the following additional ground relying on the decision of National Thermal Power

K.B.ROLLING MILLS PRIVATE LIMITED ,RANGA REDDY vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1), HYDERABAD

Appeals are allowed in above terms

Bench: Shri S.S.Godara & Shri Laxmi Prasad Sahu

182 ITD 441 (Ahmedabad), DCIT Vs. M/s.Asian Granito India Ltd. (246 ITR 671) (Bombay), CIT Vs. C.J.Shah and Co. (2000) [246 ITR 671] (Bom) hold that such an addition based merely on sectoral power consumption trends is also not sustainable. 6. Learned departmental representative lastly submitted that the assessee’s authorised person had duly admitted the impugned suppressed turnover

K.B.ROLLING MILLS PRIVATE LIMITED,RANGA REDDY vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1), HYDERABAD

Appeals are allowed in above terms

Bench: Shri S.S.Godara & Shri Laxmi Prasad Sahu

182 ITD 441 (Ahmedabad), DCIT Vs. M/s.Asian Granito India Ltd. (246 ITR 671) (Bombay), CIT Vs. C.J.Shah and Co. (2000) [246 ITR 671] (Bom) hold that such an addition based merely on sectoral power consumption trends is also not sustainable. 6. Learned departmental representative lastly submitted that the assessee’s authorised person had duly admitted the impugned suppressed turnover

K.B.ROLLING MILLS PRIVATE LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-3(1), HYDERABAD

Appeals are allowed in above terms

Bench: Shri S.S.Godara & Shri Laxmi Prasad Sahu

182 ITD 441 (Ahmedabad), DCIT Vs. M/s.Asian Granito India Ltd. (246 ITR 671) (Bombay), CIT Vs. C.J.Shah and Co. (2000) [246 ITR 671] (Bom) hold that such an addition based merely on sectoral power consumption trends is also not sustainable. 6. Learned departmental representative lastly submitted that the assessee’s authorised person had duly admitted the impugned suppressed turnover

K.B.ROLLING MILLS PRIVATE LIMITED,RANGA REDDY vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1), HYDERABAD

Appeals are allowed in above terms

Bench: Shri S.S.Godara & Shri Laxmi Prasad Sahu

182 ITD 441 (Ahmedabad), DCIT Vs. M/s.Asian Granito India Ltd. (246 ITR 671) (Bombay), CIT Vs. C.J.Shah and Co. (2000) [246 ITR 671] (Bom) hold that such an addition based merely on sectoral power consumption trends is also not sustainable. 6. Learned departmental representative lastly submitted that the assessee’s authorised person had duly admitted the impugned suppressed turnover

K.B.ROLLING MILLS PRIVATE LIMITED ,RANGA REDDY vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1), HYDERABAD

Appeals are allowed in above terms

Bench: Shri S.S.Godara & Shri Laxmi Prasad Sahu

182 ITD 441 (Ahmedabad), DCIT Vs. M/s.Asian Granito India Ltd. (246 ITR 671) (Bombay), CIT Vs. C.J.Shah and Co. (2000) [246 ITR 671] (Bom) hold that such an addition based merely on sectoral power consumption trends is also not sustainable. 6. Learned departmental representative lastly submitted that the assessee’s authorised person had duly admitted the impugned suppressed turnover

K.B.ROLLING MILLS PRIVATE LIMITED,RANGA REDDY vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1), HYDERABAD

Appeals are allowed in above terms

Bench: Shri S.S.Godara & Shri Laxmi Prasad Sahu

182 ITD 441 (Ahmedabad), DCIT Vs. M/s.Asian Granito India Ltd. (246 ITR 671) (Bombay), CIT Vs. C.J.Shah and Co. (2000) [246 ITR 671] (Bom) hold that such an addition based merely on sectoral power consumption trends is also not sustainable. 6. Learned departmental representative lastly submitted that the assessee’s authorised person had duly admitted the impugned suppressed turnover

K.B.ROLLING MILLS PRIVATE LIMITED ,RANGA REDDY vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1), HYDERABAD

Appeals are allowed in above terms

Bench: Shri S.S.Godara & Shri Laxmi Prasad Sahu

182 ITD 441 (Ahmedabad), DCIT Vs. M/s.Asian Granito India Ltd. (246 ITR 671) (Bombay), CIT Vs. C.J.Shah and Co. (2000) [246 ITR 671] (Bom) hold that such an addition based merely on sectoral power consumption trends is also not sustainable. 6. Learned departmental representative lastly submitted that the assessee’s authorised person had duly admitted the impugned suppressed turnover