MAGNAQUEST TECHNOLOGIES LIMITED,HYDERABAD vs. DCIT., CIRCLE-5(1), HYDERABAD

In the result, ITA.No.736/Hyd

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

438 of the Act to the extent of Rs.1,40,23,520/- being the old outstanding Service tax payments 3 ITA.Nos.736 & 743/Hyd./2025 made by the appellant during the AY 2018-19 using the internet banking facility by opining that as the Service tax payment challans submitted by the appellant did not contain the stamp and signature of Bank

MAGNAQUEST TECHNOLOGIES LIMITED,HYDERABAD vs. DCIT., CIRCLE-5(1), HYDERABAD

In the result, ITA.No.736/Hyd

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

438 of the Act to the extent of Rs.1,40,23,520/- being the old outstanding Service tax payments 3 ITA.Nos.736 & 743/Hyd./2025 made by the appellant during the AY 2018-19 using the internet banking facility by opining that as the Service tax payment challans submitted by the appellant did not contain the stamp and signature of Bank

ACE TYRES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-1(2), HYDERABAD

In the result, appeals of the assessee for the A

438\n\n2018-19\n9,79,67,978\n6,83,45,676\n\n2019-20\n3,78,69,796\n2,64,19,212\n\n2020-21\n5,95,94,164\n4,15,74,845\n\n2021-22\n3,00,82,983\n2,09,86,875\n\n2022-23\n114,26,53,017\n85,36,56,501\n\n2023

EXEL RUBBER PRIVATE LIMITED,HYDERABAD vs. DCIT., CENTRAL CIRCLE-1(2), HYDERABAD

438\n2018-19\n9,79,67,978\n6,83,45,676\n2019-20\n3,78,69,796\n2,64,19,212\n2020-21\n5,95,94,164\n4,15,74,845\n2021-22\n3,00,82,983\n2,09,86,875\n2022-23\n114,26,53,017\n85,36,56,501\n2023

EXEL RUBBER PRIVATE LIMITED,K.V.RANGAREDDY vs. ACIT., CENTRAL CIRCLE-1(2), HYDERABAD

In the result, all the appeals of the assessee for the\nA

Section 148 is bad in law.\n8. On the facts and circumstance of the case, Learned CIT(A)\nis not justified in sustaining the addition of Rs.46,06,858/ -.\n9. Any other ground or grounds that may be urged at the\ntime of hearing of the appeal.”\n\n3.\nWe have considered the rival contentions as well as the\nrelevant

ACE TYRES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-1(2), HYDERABAD

In the result, appeals of the assessee for the A

section 149(1) of the\nAct, as existed at the relevant point of time and submitted that\nthe asset which include immovable property being land or\nbuilding or both, shares and securities, loans & advances,\ndeposits in the bank account. In support of his contention he has\nrelied upon the judgment of the Hon'ble Delhi High Court in case

P AMRUTH PRASAD,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-1(2), HYDERABAD

In the result, all the four appeals filed by the assessee as well as the only appeal filed by the Revenue are allowed for statistical purposes

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

438 13,93,26,562 T O T A L 122,99,85,000 94,53,04,460 28,46,80,540 28. From the above, he noted that the assessee Shri P.Amruth Prasad has benefited by Rs.1,62,09,305/- and M/s. Amsri Builders by Rs.26,84,71,235/- on account of cessation of liability by Smith Group

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-1(2), HYDERABAD vs. AMRUT PRASAD PATNAM , HYDERABAD

In the result, all the four appeals filed by the assessee as well as the only appeal filed by the Revenue are allowed for statistical purposes

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

438 13,93,26,562 T O T A L 122,99,85,000 94,53,04,460 28,46,80,540 28. From the above, he noted that the assessee Shri P.Amruth Prasad has benefited by Rs.1,62,09,305/- and M/s. Amsri Builders by Rs.26,84,71,235/- on account of cessation of liability by Smith Group

SRINIVAS UPPU,SECUNDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-1(2), HYDERABAD

In the result, all the four appeals filed by the assessee as well as the only appeal filed by the Revenue are allowed for statistical purposes

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

438 13,93,26,562 T O T A L 122,99,85,000 94,53,04,460 28,46,80,540 28. From the above, he noted that the assessee Shri P.Amruth Prasad has benefited by Rs.1,62,09,305/- and M/s. Amsri Builders by Rs.26,84,71,235/- on account of cessation of liability by Smith Group

SRINIVAS UPPU ,SECUNDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-1(2), HYDERABAD

In the result, all the four appeals filed by the assessee as well as the only appeal filed by the Revenue are allowed for statistical purposes

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

438 13,93,26,562 T O T A L 122,99,85,000 94,53,04,460 28,46,80,540 28. From the above, he noted that the assessee Shri P.Amruth Prasad has benefited by Rs.1,62,09,305/- and M/s. Amsri Builders by Rs.26,84,71,235/- on account of cessation of liability by Smith Group

P AMRUTHA PRASAD ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-1(2), HYDERABAD

In the result, all the four appeals filed by the assessee as well as the only appeal filed by the Revenue are allowed for statistical purposes

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

438 13,93,26,562 T O T A L 122,99,85,000 94,53,04,460 28,46,80,540 28. From the above, he noted that the assessee Shri P.Amruth Prasad has benefited by Rs.1,62,09,305/- and M/s. Amsri Builders by Rs.26,84,71,235/- on account of cessation of liability by Smith Group

EXEL RUBBER PRIVATE LIMITED,HYDERABAD vs. ACIT.,CENTRAL CIRCLE-1(2), HYDERABAD

In the result, all the appeals of the assessee for the\nA

section 148 of the\nIncome Tax Act, 1961\n(YOGESH KUMAR VERMA, IRS)\nPrincipal Commissioner of Income Tax (Central),\nHyderabad.\nDate: 6/10/23\n(SANJAY BAHADUR, IRS)\nDirector General of Income Tax (Inv).\nHyderabad.\n5. Thus, it is clear that an identical sanction was granted by the DGIT (Inv), Hyderabad for all the A.Ys.\n6. At the outset, we note that

EXEL RUBBER PRIVATE LIMITED,HYDERABAD vs. DCIT., CENTRAL CIRCLE-1(2), HYDERABAD

In the result, all the appeals of the assessee for the\nA

Section 148 is bad in law.\n8. On the facts and circumstance of the case, Learned CIT(A) is not justified in sustaining the addition of Rs.46,06,858/ -.\n9. Any other ground or grounds that may be urged at the time of hearing of the appeal.”\n\n3.\nWe have considered the rival contentions as well as the relevant

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

EXEL RUBBER PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-1(2), HYDERABAD

In the result, all the appeals of the assessee for the\nA

section 148 of the\nIncome Tax Act, 1961\nImproper many\nis covered w/1149(1)(b).\nIsame of motive of/5148\nis ayyun.\nDate: 6/10/23\n(SANJAY BAHADUR, IRS)\nDirector General of Income Tax (Inv).\nHyderabad.\n5.\nThus, it is clear that an identical sanction was granted\nby the DGIT (Inv), Hyderabad for all the A.Ys.\n6.\nAt the outset, we note

VILAS POLYMER PRIVATE LIMITED,HYDERABAD vs. DCIT, CENTRAL CIRCLE-1(2), HYDERABAD., HYDERABAD

438\n2018-19\n9,79,67,978\n6,83,45,676\n2019-20\n3,78,69,796\n2,64,19,212\n2020-21\n5,95,94,164\n4,15,74,845\n2021-22\n3,00,82,983\n2,09,86,875\n2022-23\n114,26,53,017\n85,36,56,501\n2023

ACE TYRES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-1(2), HYDERABAD

section 149(1) of the\nAct, as existed at the relevant point of time and submitted that\nthe asset which include immovable property being land or\nbuilding or both, shares and securities, loans & advances,\ndeposits in the bank account.\nIn support of his contention he has\nrelied upon the judgment of the Hon'ble Delhi High Court in case

ACE TYRES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-1(2), HYDERABAD

section 149(1) of the\nAct, as existed at the relevant point of time and submitted that\nthe asset which include immovable property being land or\nbuilding or both, shares and securities, loans & advances,\ndeposits in the bank account. In support of his contention he has\nrelied upon the judgment of the Hon'ble Delhi High Court in case

ACE TYRES PRIVATE LIMITED,HYDERABAD vs. DCIT., CENTRAL CIRCLE-1(2), HYDERABAD

section 149(1) of the\nAct, as existed at the relevant point of time and submitted that\nthe asset which include immovable property being land or\nbuilding or both, shares and securities, loans & advances,\ndeposits in the bank account. In support of his contention he has\nrelied upon the judgment of the Hon'ble Delhi High Court in case