ORBIS REAL ESTATE FUND I,HYDERABAD (AUTH. REP.) vs. ADIT (INTERNATIONAL TAXATION)-2 - 2, HYDERABAD

In the result, the appeal of the assessee is partly allowed

Bench: Shri Ravish Sood & Shri Madhusudan Sawdia

Capital Gains. (9) Without prejudice to the above grounds, Ld. AO has erred in not giving the indexation benefits provided for sale of immoveable property u/s 48 of the Income tax Act, 1961. (10) Without prejudice to the above grounds, Ld. AO has charged interest under section 234B and 234C despite the TDS Amount being sufficient to cover the entire

LADE MADWESH,KADAPA vs. INCOME TAX OFFICER, WARD-(2), KADAPA

In the result, appeal filed by the assessee is dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.546/Hyd/2023 (िनधा"रण वष"/Assessment Year: 2017-18 Lade Madwesh Vs. Income Tax Officer Kadapa Ward-2 Pan:Aabhl5201M Kadapa (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri Kumar Pal Tated, Ca राज" व "ारा/Revenue By:: Shri Rahul Singhania, Dr सुनवाई की तारीख/Date Of Hearing: 16/05/2024 घोषणा की तारीख/Pronouncement: 22/05/2024

capital gain. The assessee filed rectification against the addition before CPC, but did not succeed in getting any relief from the CPC. 6. Aggrieved, assessee preferred appeal before the Ld.CIT(A). Ld.CIT(A) with the following observation in para no.7 & 8 of his order, sustained the addition made by CPC and dismissed the appeal of the assessee. Page

ASHOK KUMAR KOLLA,HYDERABAD vs. DCIT., CIRCLE-6(1), HYDERABAD

In the result, appeal filed by the assessee is allowed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G. & आ.अपी.सं /Ita No.876/Hyd/2024 (िनधा"रण वष"/Assessment Year: 2014-15) Shri Ashok Kumar Kolla Vs. Dy. Commissioner Of Hyderabad Income Tax, Circle 6(1) Pan:Afwpk8481L Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri A.V.Raghuram, Advocate राज" व "ारा/Revenue By:: Shri K.N. Suresh Babu, Dr सुनवाई की तारीख/Date Of Hearing: 07/11/2024 घोषणा की तारीख/Pronouncement: 14/11/2024 आदेश/Order

154 for rectification of mistake on computation of indexed cost of acquisition and there is no idea what happened to the rectification proceedings. Therefore, when rectification proceedings are pending, the Assessing Officer cannot reopen the Page 5 of 11 ITA No 876 of 2024 Ashok Kumar Kolla assessment u/s 147 of the Act, on the very same issue. The learned

ITO, WARD-5(3),, HYDERABAD vs. SHRI KRISHNA KUMAR D SHAH, HUF, HYDERABAD

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

capital gains on transfer of property by virtue of deemed transfer u/s 2(47)(v) of the Act. Accordingly, a show cause notice was issued dt.23.11.2009 calling for assessees’ objections. After receiving the response from the assessee, AO had completed the assessment u/s 143(3) r.w.s. 153A against the assessee HUF for the aforesaid years. 5.1. Thereafter, assessee HUF filed

ITO, WARD-5(3),, HYDERABAD vs. SHRI BRIJ GOPAL P SHAH, HUF,, HYDERABAD

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

capital gains on transfer of property by virtue of deemed transfer u/s 2(47)(v) of the Act. Accordingly, a show cause notice was issued dt.23.11.2009 calling for assessees’ objections. After receiving the response from the assessee, AO had completed the assessment u/s 143(3) r.w.s. 153A against the assessee HUF for the aforesaid years. 5.1. Thereafter, assessee HUF filed

GOVINDA RAJULU DHONDU,HYDERABAD vs. ACIT, CIRCLE-12(1), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Charyassessment Year: 2019-20

capital gain in the return of income filed before the Authorities concerned in USA and paid tax equivalent to Indian Rupee of Rs.58,69,594/. Copy of the return of income filed in USA was also submitted. The assessee while filing the return of income in ITR-2 claimed tax credit for 58,69,594/- as per the computation statement

ACIT, CENTRAL CIRCLE-3(1), HYDERABAD vs. SRI CHAITANYA EDUCATIONAL COMMITTE, VIJAYAWADA

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

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

capital gains and income from other sources. In the instant case considering the activity of the assessee the other income which has to be taxed at normal rates has to be computed under the head 'profits and gains of business or profession' as the activity of the assessee is akin to that of commercial activity having the characteristics of business

JUGENDER REDDY ANANTHULA,HYDERABAD vs. INCOME TAX OFFICER, WARD-9(1), HYDERABAD

In the result, the appeal filed by the assessee is allowed in terms of our aforesaid observations

Bench: Us:

rectification order passed by the Assessing officer dt.17-08-2021 is bad-in-law and the same is liable to be quashed. 2. The appellant craves leave to add/alter/ modify the grounds of appeal as may be required for proper adjudication of the case. Also, the assessee has raised an additional ground of appeal which reads as under: “The Finance

GNANASEKARAN MANIKANDAN,HYDERABAD vs. ITO., WARD-7(1), HYDERABAD

In the result, both the appeals filed by the assessee are allowed for statistical purposes

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdiaआ.अपी.सं /Ita Nos.377 & 404/Hyd/2025 (िनधा"रण वष"/Assessment Years: 2009-10 & 2017-18) Shri Gnanasekaran Vs. Income Tax Officer Manikandan, Hyderabad Ward 7 (1) Pan:Aeqpm0159J Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri B Yadagiri, Ca राज" व "ारा/Revenue By:: Ms. Sankari Pandi, P, Sr.Ar सुनवाई की तारीख/Date Of Hearing: 08/09/2025 घोषणा की तारीख/Pronouncement: 17/09/2025 आदेश/Order

capital gains and 3 times under the head income from other sources resulting the total income of the assessee was assessed at 5 times of the salary income. This fact is not disputed by the Department that the amount of salary income repeated under various heads either due to some technical glitches or bug in the system or mistake

GNANASEKARAN MANIKANDAN,HYDERABAD vs. ITO., WARD-7(1), HYDERABAD

In the result, both the appeals filed by the assessee are allowed for statistical purposes

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdiaआ.अपी.सं /Ita Nos.377 & 404/Hyd/2025 (िनधा"रण वष"/Assessment Years: 2009-10 & 2017-18) Shri Gnanasekaran Vs. Income Tax Officer Manikandan, Hyderabad Ward 7 (1) Pan:Aeqpm0159J Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri B Yadagiri, Ca राज" व "ारा/Revenue By:: Ms. Sankari Pandi, P, Sr.Ar सुनवाई की तारीख/Date Of Hearing: 08/09/2025 घोषणा की तारीख/Pronouncement: 17/09/2025 आदेश/Order

capital gains and 3 times under the head income from other sources resulting the total income of the assessee was assessed at 5 times of the salary income. This fact is not disputed by the Department that the amount of salary income repeated under various heads either due to some technical glitches or bug in the system or mistake

UPAKAR INFRA PROJECTS PRIVATE LIMITED,HYDERABAD vs. ACIT, CENT CIR-2(4), HYDERABAD

In the result, both the appeals filed by the assessee are allowed for statistical purposes

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdiaआ.अपी.सं /Ita Nos.377 & 404/Hyd/2025 (िनधा"रण वष"/Assessment Years: 2009-10 & 2017-18) Shri Gnanasekaran Vs. Income Tax Officer Manikandan, Hyderabad Ward 7 (1) Pan:Aeqpm0159J Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri B Yadagiri, Ca राज" व "ारा/Revenue By:: Ms. Sankari Pandi, P, Sr.Ar सुनवाई की तारीख/Date Of Hearing: 08/09/2025 घोषणा की तारीख/Pronouncement: 17/09/2025 आदेश/Order

capital gains and 3 times under the head income from other sources resulting the total income of the assessee was assessed at 5 times of the salary income. This fact is not disputed by the Department that the amount of salary income repeated under various heads either due to some technical glitches or bug in the system or mistake

SANJEEVA REDDY TALLA,MEDCHAL MANDAL vs. DCIT., CENTRAL CIRCLE-1(3), HYDERABAD

In the result, the appeal of the assessee is allowed

u/s 143(3) of the Act and passed\nassessment order on 09.06.2021.\n3. Feeling aggrieved by the order passed by the assessing\nofficer, assessee filed appeal before the Ld. CIT(A), who granted\npart relief to the assessee.\n4. Feeling aggrieved with the order of ld.CIT(A), assessee is\nnow in appeal before us.\n5. Before us, the ld.AR

PRYSMIAN CAVI E SISTEMI S.R.L,HYDERABAD vs. DCIT (INT,TAXN)-2, HYDERABAD

In the result, the appeal of the assessee is allowed

154 of the Act on 28.06.2017, disallowing the\nbusiness expenditure, the assessee preferred an appeal against such\nrectification order before the Ld. CIT(A). However, the Ld. CIT(A), vide order\ndated 29.07.2022, confirmed the disallowance made by the Ld. AO.\n9.2 It was explained that the assessee, under a genuine and bona fide\nimpression, believed that since the issues

HIGHRADIUS TECHNOLOGIES PRIVATE LIMITED,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -2(1), HYDERABAD

Bench: Us:

capital in the markets, overall economic development and level of competition and whether the markets are wholesale or retail. 9.1 He further submitted that this company offers end to end business solutions including product support, product engineering and lifecycle solutions, artificial intelligence, software products, business platforms and solutions. Further, he submitted that it crores and the turnover of this company