ACIT., CIRCLE-5(1), HYDERABAD vs. PENNA CEMENT INDUSTRIES LIMITED, HYDERABAD

120/-, and “book profit” under\nSection 115JB of the Act of Rs. 230,21,15,364/-. Subsequently, the\ncase of the assessee company was selected for complete scrutiny\nunder the E-assessment Scheme, 2019, on various issues, viz.\nbusiness purchases, deduction claimed under section 801A, and\nexpenses incurred for earning exempt income.\n33. Thereafter, the AO vide his order passed

DCIT., CIRCLE-2(1), HYDRABAD vs. KALPTARU INVESTMENTS PRIVATE LIMITED, HYDERABAD

In the result, appeal ITA

5 | GBPNOV2013 | 20- 03- 2013 | 350 | 3,00,72,875.00 | 350 | 3,10,45,000.00 | 9,72,125.00 |\n| 6 | GBPNOV2013 | 20- 03- 2013 | 120 | 1,03,05,600.00 | 120 | 1,06,34,700.00 | 3,29,100.00 |\n| 7 | USDDEC13C58 | 21- 03- 2013 | 2,500 | 17,50,000.00 | 2,500 | 42,00,000.00 | 24,50,000.00 |\n| Grand total

RACHIT V SHAH,HYDERABAD vs. ITO, WARD-7(3), HYDERABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

5 Rachit v. Shah a colourable device to claim exemption u/s 54F of the Act. Therefore, the ground of the appellant is dismissed. 6. Feeling aggrieved by the order of the ld.CIT(A), the assessee is in appeal before us on the grounds mentioned hereinabove. 7. The Ld.AR had made the following submissions before us. Firstly, it was submitted that