ASST. COMMISSIONER OF INCOME TAX, CIRCLE-2(1), TIRUPATI vs. THE TIRUPATI CO-OPERATIVE BANK LIMITED, TIRUPATI

Appeals are dismissed in above terms

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

482 & 483/Hyd/2018 “1.The Learned Commissioner of Income Tax (Appeals) erred in deleting the disallowance u/s.40(a) (ia) of Rs.8,08,89,208/- 2.The Learned Commissioner of Income Tax (Appeals) erred in considering the assessee's plea that TDS need not be deducted on interest payments made above Rs.10,000/- by referring to section

THE KUPPAM CO-OPERATIVE TOWN BANK LIMITED ,KUPPAM vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1(1), HYDERABAD

Appeal is allowed in above terms

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

482 & 483/Hyd/2018 in ACIT vs. Tirupathi Co-operative Bank Ltd. Holds in light of the Finance Act, 2015’s prospective amendment w.e.f. 1.6.2015 that the same; excluding a co-operative bank from the purview of a co-operative society u/s 194A(3)(v), that the impugned TDS deduction does not apply in respect to interest payments made to members

WARANGAL URBAN CO-OPERATIVE BANK LIMITED ,WARANGAL vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, WARANGAL

Appeal is partly allowed in above terms

Bench: Shri S.S. Godara & Shri L. P. Sahum/S. Warangal Urban Co-Operative Bank Ltd., Warangal. Pan Aaaaw0651J …..Appellant. Vs. Asst. Commissioner Of Income Tax, Circle 1, Warangal. …..Respondent. Appellant By : Shri P. Murali Mohan Rao, C.A. Respondent By : Shri Rajendra Kumar, Cit-D.R. Date Of Hearing : 16.03.2022. Date Of Pronouncement : 29.03.2022. O R D E R Per Shri S.S. Godara, J.M. : This Assessee’S Appeal For Asst. Year 2012-13 Arises From The Principal Commissioner Of Income Tax (Appeals)- 3, Hyderabad’S Order Dt.30.03.2020 Passed In Case No. Itba/ Rev/ F/ Rev5/ 2019-20/1026899847(1) In Proceedings Under Section 143(3) Of Income Tax Act, 1961 (‘The Act’ In Short).

482 & 483/Hyd/2018 dt.25.06.2021 has decided the very issue against the department as follows : “ 4. We have given our thoughtful consideration to rival pleadings against and in support of the impugned Section 40(a)(ia) disallowance pertaining to the assessee a co-operative bank having not deducted TDS

COUNTRY CLUB HOSPITALITY & HOLIDAYS LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

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

Section 143(1) of the Act was issued to the assessee on 18.05.2020 by which a sum of Rs.1,85,76,482/- was disallowed on account of assessee's contribution under the ESI and PF and the total income of the assessee was determined at Rs.1,85,76,482/- and the tax payable on this income was computed at Rs.55

SRI LAKSHMI ROAD TRANSPORT COMPANY,HYDERABAD vs. DCIT., CIRCLE-6(1), HYDERABAD

In the result, the appeal filed by the assessee is dismissed

Bench: Shri Ravish Sooda N D Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.1209/Hyd/2025 (िनधा"रण वष"/Assessment Year: 2018-19) M/S Sri Lakshmi Road Vs. Dy. Cit Transport Company Circle 6(1) Hyderabad Hyderabad Pan:Aatfs6596A (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri C. Maheshwar Reddy, Ca राज" व "ारा/Revenue By:: Dr. Sachin Kumar, Sr. Dr सुनवाई की तारीख/Date Of Hearing: 24/11/2025 घोषणा की तारीख/Pronouncement: 26/11/2025 आदेश/Order Per Madhusudan Sawdia, A.M.:

Section 143(1) of the Act was issued to the assessee on 18.05.2020 by which a sum of Rs.1,85,76,482/- was disallowed on account of assessee's contribution under the ESI and PF and the total income of the assessee was determined at Rs.1,85,76,482/- and the tax payable on this income was computed at Rs.55

KRISHNA CONSTRUCTIONS,NIRMAL vs. INCOME TAX OFFICER, WARD-1, NIRMAL

In the result, appeal of the Assessee is allowed

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdiaआ.अपी.सं /Ita.No.1330/Hyd/2025 Assessment Year 2017-2018 Krishna Constructions The Income Tax Officer, Nirmal. Telangana. Ward-1, Vs. Pin – 504 106. Nirmal – 504 106. Pan Aapfk1280K Telangana. (Appellant) (Respondent) िनधा"रती "ारा/Assessee By : Sri D Prabhakar Reddy, Advocate राज" व "ारा/Revenue By : Dr. Sachin Kumar,Sr. Ar सुनवाई की तारीख/Date Of Hearing: 10.03.2026 घोषणा की तारीख/Pronouncement: 08.04.2026 आदेश/Order Per Vijay Pal Rao:

482/ is determined by allowing the assessee to set off against capital gain from acquisition of smartplay startup by aricent, which in our opinion was not identified for examination under the limited scrutiny. The sole basis of the assessment is completely based on the AO's presumption that there is a artificial arrangement to generate capital loss whereas the case

AISWARYA ART CREATIONS PRIVATE LIMITED ,HYDERABAD vs. ADDL. COMMISSIONER OF INCOME TAX-RANGE -13, HYDERABAD

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

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarm/S. Aiswarya Art Vs. Income Tax Officer, Creations Pvt. Ltd., Ward 15(3), Hyderabad. Hyderabad. Pan Aagca7479J (Appellant) (Respondent) Appellant By : Shri T. Chaitanya Kumar, Adv. Respondent By : Shri Kumar Aditya, (D.R.) Date Of Hearing : 20.10.2022 Date Of Pronouncement : 20.10.2022 O R D E R Per Shri Rama Kanta Panda, A.M. : This Appeal Filed By The Assessee Is Directed Against The Order Dt.04.05.2018 Of The Learned Commissioner Of Income Tax (Appeals)-1, Guntur Relating To Assessment Year 2011-12. 2. Facts Of The Case, In Brief, Are That The Assessee Is A Company Engaged In The Business Of Trading In Satellite Rights. The Assessee Filed Its Return Of Income On 2 26.12.2011 Declaring A Total Income Of Rs.17,47,243. The Case Was Selected For Scrutiny Under Cass. Accordingly, Statutory Notices U/S. 143(2) & 143(1) Of The Income Tax Act, 1961 (In Short ‘The Act’) Were Issued. However, There Was No Compliance From The Side Of The Assessee For Which Summon U/S. 131 Of The Act Was Issued & The Statement Of The Assessee Was Recorded On 29.01.2014 Wherein He Agreed To Furnish The Required Information By 30.01.2014. Since There Was No Compliance Despite Number Of Opportunities, The Assessing Officer Proceeded To Complete The Assessment U/S.144 Of The Act.

482/- 2. Traveling expenses Rs. 28,561/- 3. Other expenses Rs.1,57,651/- 4. Directors Remuneration Rs.18,00,000/- Rs.21,04,694/- The above proposal appears to be correct. 12 The AO proposed disallowance u/s.40(a)(ia) as follows: 1. Rates and taxes paid to Govt. Rs.1,35,000/- 2. Audit fee Rs. 50,000/- Though the AO proposed