ACIT CIRCLE-1(1), TIRUPATI vs. MAKAM RADHAKRISHNA RAMMOHAN, MADANAPALLE

In the result, appeal of the Revenue is treated as allowed for statistical purposes and the cross objection of the assessee is dismissed

Bench: Shri Rama Kanta Panda & Shri K.Narasimha Chary

277/- on account of difference in valuation of gold jewelry stock, Rs. 29,51,226/- on account of difference in valuation of silver jewelry stock, Rs. 1,86,28,731/- on account of difference in valuation of diamond jewelry stock, Rs. 30,68,286/- on account of bogus making charges expenses, Rs. 5,74,843/- on account of non-deduction

MADHUCON PROJECTS LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(1), HYDERABAD

In the result, both the appeals of the revenue are dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

TDS under law, such disallowance would ultimately increase assessee's profits from business of developing housing project. The ultimate profits of assessee after adjusting disallowance under section 40(a)(ia) of the Act would qualify for deduction under section 80-IB of the Act. This view was taken by the courts in the following cases: 1 Income-tax Officer-Ward

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), HYDERABAD vs. MADHUCON PROJECTS LIMITED, HYDERABAD

In the result, both the appeals of the revenue are dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

TDS under law, such disallowance would ultimately increase assessee's profits from business of developing housing project. The ultimate profits of assessee after adjusting disallowance under section 40(a)(ia) of the Act would qualify for deduction under section 80-IB of the Act. This view was taken by the courts in the following cases: 1 Income-tax Officer-Ward

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), HYDERABAD vs. MADHUCON PROJECTS LIMITED , HYDERABAD

In the result, both the appeals of the revenue are dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

TDS under law, such disallowance would ultimately increase assessee's profits from business of developing housing project. The ultimate profits of assessee after adjusting disallowance under section 40(a)(ia) of the Act would qualify for deduction under section 80-IB of the Act. This view was taken by the courts in the following cases: 1 Income-tax Officer-Ward

MADHUCON PROJECTS LIMITED ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), HYDERABAD

In the result, both the appeals of the revenue are dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

TDS under law, such disallowance would ultimately increase assessee's profits from business of developing housing project. The ultimate profits of assessee after adjusting disallowance under section 40(a)(ia) of the Act would qualify for deduction under section 80-IB of the Act. This view was taken by the courts in the following cases: 1 Income-tax Officer-Ward

MADHUCON PROJECTS LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-3, HYDERABAD

In the result, all the appeals under consideration are partly allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

TDS under law, such disallowance would ultimately increase assessee's profits from business of developing housing project. The ultimate profits of assessee after adjusting disallowance under section 40(a)(ia) of the Act would qualify for deduction under section 80-IB of the Act. This view was taken by the courts in the following cases: 1 Income-tax Officer-Ward

MADHUCON PROJECTS LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-3, HYDERABAD

In the result, all the appeals under consideration are partly allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

TDS under law, such disallowance would ultimately increase assessee's profits from business of developing housing project. The ultimate profits of assessee after adjusting disallowance under section 40(a)(ia) of the Act would qualify for deduction under section 80-IB of the Act. This view was taken by the courts in the following cases: 1 Income-tax Officer-Ward

MADHUCON PROJECTS LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-3, HYDERABAD

In the result, all the appeals under consideration are partly allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

TDS under law, such disallowance would ultimately increase assessee's profits from business of developing housing project. The ultimate profits of assessee after adjusting disallowance under section 40(a)(ia) of the Act would qualify for deduction under section 80-IB of the Act. This view was taken by the courts in the following cases: 1 Income-tax Officer-Ward

MADHUCON PROJECTS LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-3, HYDERABAD

In the result, all the appeals under consideration are partly allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

TDS under law, such disallowance would ultimately increase assessee's profits from business of developing housing project. The ultimate profits of assessee after adjusting disallowance under section 40(a)(ia) of the Act would qualify for deduction under section 80-IB of the Act. This view was taken by the courts in the following cases: 1 Income-tax Officer-Ward

WATERMARKE RESIDENCY LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-17(2), HYDERABAD

In the result, the appeals of the assessee vide ITA Nos

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

277 Loans receivable for the company from subsidiaries represent amounts due from Watermarke Residency Private Ltd ($ 26,175,617) and Watermarke Villas Private Ltd ($ 10,439,153). The loan due from WRPL carries interest of 15.75% (9% until 31 March 2010). The loan from WVPL carries interest of 3% (9% until 31 March 2010). Both loans have no set repayment

WATERMARK RESIDENCY LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-17(2), HYDERABAD

In the result, the appeals of the assessee vide ITA Nos

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

277 Loans receivable for the company from subsidiaries represent amounts due from Watermarke Residency Private Ltd ($ 26,175,617) and Watermarke Villas Private Ltd ($ 10,439,153). The loan due from WRPL carries interest of 15.75% (9% until 31 March 2010). The loan from WVPL carries interest of 3% (9% until 31 March 2010). Both loans have no set repayment

WATERMARK RESIDENCY LIMITED, ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-17(2), HYDERABAD

In the result, the appeals of the assessee vide ITA Nos

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

277 Loans receivable for the company from subsidiaries represent amounts due from Watermarke Residency Private Ltd ($ 26,175,617) and Watermarke Villas Private Ltd ($ 10,439,153). The loan due from WRPL carries interest of 15.75% (9% until 31 March 2010). The loan from WVPL carries interest of 3% (9% until 31 March 2010). Both loans have no set repayment

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

TDS provisions\nand the question of disallowance u/sec.40(a)(ia) of the Income\nTax Act, 1961 [in short “the Act”], but, failed to give any\nspecific example of any expenditure which can be subjected to\nprovisions of sec.40(a)(ia) of the Act and also the decision of\njurisdictional High Court in the case of Indwell Construction

PROGRESSIVE CONSTRUCTIONS LIMITED,HYDERABAD vs. DCIT., CIRCLE-5(1), HYDERABAD

In the result, appeal of the Assessee is allowed

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdiaआ.अपी.सं /Ita.No.625/Hyd/2025 Assessment Year 2021-2022 Progressive Constructions The Dcit, Limited, Hyderabad. Circle-5(1) Vs. Pin – 500 001. Telangana. Hyderabad - 500 004. Pan Aabcp2274M Telangana. (Appellant) (Respondent) Ca Pawan Kumar Chakrapani िनधा"रती "ारा/Assessee By : & Sri Santi Pavan Kumar, Advocate राज" व "ारा/Revenue By : Sri Lv Bhaskara Reddy, Cit-Dr सुनवाई की तारीख/Date Of Hearing: 02.02.2026 घोषणा की तारीख/Pronouncement: 04.03.2026 आदेश/Order Per Vijay Pal Rao:

TDS deducted as well as the details of the income credited in 26AS and reasons for difference. The learned Authorised Representative of the Assessee has submitted that in reply to the said query, the assessee has duly submitted the reconciliation of the turnover as per profit and loss account and receipts reflected in 26AS. Thus, the 13 ITA.No.625/Hyd./2025