ACIT, CENTRAL CIRCLE-2(3), HYDERABAD vs. SARAT GOPAL BOPPANA, HYDERABAD

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

Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble

b) The Ld. CIT(A) ought to have appreciated that liability to tax has already occurred in the assessment year, 2010-11 and that taxing the same again in the year under consideration tantamounts to double taxation. c) The Ld. CIT(A) ought to have appreciated that the assessee has duly admitted capital gains arising on the sale

ACIT, CENTRAL CIRCLE-2(3), HYDERABAD vs. JHANSI RANI BOPPANA, HYDERABAD

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

Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble

b) The Ld. CIT(A) ought to have appreciated that liability to tax has already occurred in the assessment year, 2010-11 and that taxing the same again in the year under consideration tantamounts to double taxation. c) The Ld. CIT(A) ought to have appreciated that the assessee has duly admitted capital gains arising on the sale

SARAT GOPAL BOPPANA,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(3),, HYDERABAD

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

Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble

b) The Ld. CIT(A) ought to have appreciated that liability to tax has already occurred in the assessment year, 2010-11 and that taxing the same again in the year under consideration tantamounts to double taxation. c) The Ld. CIT(A) ought to have appreciated that the assessee has duly admitted capital gains arising on the sale

ACIT, CENTRAL CIRCLE-2(3), HYDERABAD vs. KAVYA BOPPANA, HYDERABAD

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

Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble

b) The Ld. CIT(A) ought to have appreciated that liability to tax has already occurred in the assessment year, 2010-11 and that taxing the same again in the year under consideration tantamounts to double taxation. c) The Ld. CIT(A) ought to have appreciated that the assessee has duly admitted capital gains arising on the sale

SARAT GOPAL BOPPANA,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

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

Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble

b) The Ld. CIT(A) ought to have appreciated that liability to tax has already occurred in the assessment year, 2010-11 and that taxing the same again in the year under consideration tantamounts to double taxation. c) The Ld. CIT(A) ought to have appreciated that the assessee has duly admitted capital gains arising on the sale

ACIT, CENTRAL CIRCLE-2(3), HYDERABAD vs. TARA CHAND BOPPANA, HYDERABAD

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

Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble

b) The Ld. CIT(A) ought to have appreciated that liability to tax has already occurred in the assessment year, 2010-11 and that taxing the same again in the year under consideration tantamounts to double taxation. c) The Ld. CIT(A) ought to have appreciated that the assessee has duly admitted capital gains arising on the sale

DCIT, CENTRAL CIRCLE-2(4), HYDERABAD, HYDERABAD vs. LAXMI GARDENS, HYDERABAD, HYDERABAD

In the result, the appeal of Revenue is dismissed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

132 of the I.T.Act was conducted in the case of Sri.B. Ramdas Goud and Desagoni Raghupathi Goud Group of cases on 15/09/2008. During the course of search and seizure operations, certain incriminating material pertaining to the assessee, who is an AOP, were found and seized. Accordingly, this case was centralized with the DCIT, Central Circle-7, Hyderabad and notices

ACIT, CIRCLE-2(1), HYDERABAD vs. Y S JAGAN MOHAN REDDY, KADAPA

In the result, cross objection filed by the assessee is\nallowed

capital gains / short term\ncapital gains has been offered to tax by Dalmia Bharat\nEnterprises Ltd. The shares were never held by the assessee at\nany point of time, nor the assessee is having any position in\nthe said company. Although the Assessing Officer alleged that\nthe shares of Bharati Cement Corporation Ltd. were held in the\nname of Dalmia

CMR TECHNICAL EDUCATION SOCIETY,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(1), HYDERABAD

In the result, the appeal filed by the assessee in ITA

132 of the Act in the case of the Appellant Society on 22-11-2022, and consequent seizure of certain material, including admission forms of the institution, daily statements, excel sheets, etc. The Ld. PCIT (Central) observed that the seized documents reveal collecting fee over and above the maximum fee fixed by the Government, and fee only to the extent

CMR TECHNICAL EDUCATION SOCIETY,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(1), HYDERABAD

In the result, the appeal filed by the assessee in ITA

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

132 of the Act in the case of the Appellant Society on 22-11-2022, and consequent seizure of certain material, including admission forms of the institution, daily statements, excel sheets, etc. The Ld. PCIT (Central) observed that the seized documents reveal collecting fee over and above the maximum fee fixed by the Government, and fee only to the extent

CMR EDUCATIONAL SOCIETY,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(1), HYDERABAD

In the result, the appeal filed by the assessee in ITA

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

132 of the Act in the case of the Appellant Society on 22-11-2022, and consequent seizure of certain material, including admission forms of the institution, daily statements, excel sheets, etc. The Ld. PCIT (Central) observed that the seized documents reveal collecting fee over and above the maximum fee fixed by the Government, and fee only to the extent

CMR EDUCATIONAL SOCIETY,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(1), HYDERABAD

In the result, the appeal filed by the assessee in ITA

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

132 of the Act in the case of the Appellant Society on 22-11-2022, and consequent seizure of certain material, including admission forms of the institution, daily statements, excel sheets, etc. The Ld. PCIT (Central) observed that the seized documents reveal collecting fee over and above the maximum fee fixed by the Government, and fee only to the extent

CMR ENGINEERING EDUCATIONAL SOCIETY,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(1), HYDERABAD

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

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

132(4) of the Act, has been recorded for which the trustees denied of having collected capitation fee or donation for admission of students to any of the courses. 5. Subsequently, the Principal Commissioner of Income Tax- [Central], Hyderabad, has received a Reference under second proviso to section 143(3) of the Income Tax Act, 1961 [in short

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

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

Bench: SHRI MANJUNATHA G. (Accountant Member), SHRI K.NARASIMHA CHARY (Judicial Member)

132(4) of the Act, has been recorded for which the trustees denied of having collected capitation fee or donation for admission of students to any of the courses. 5. Subsequently, the Principal Commissioner of Income Tax- [Central], Hyderabad, has received a Reference under second proviso to section 143(3) of the Income Tax Act, 1961 [in short

MALLA REDDY EDUCATIONAL SOCIETY,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(1), HYDERABAD

In the result, the appeal filed by the assessee in ITA

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

capitation fees, failed to maintain proper books of accounts, and misrepresented actual fee collections and as such, these violations indicate significant non-compliance with the provisions of the Act. Therefore, the learned CIT-DR submitted that, the learned PCIT, Central, after taking into cognizance the findings of the search and post search enquiries, rightly noted that, there are specified violations

MALLA REDDY EDUCATIONAL SOCIETY,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(1), HYDERABAD

In the result, the appeal filed by the assessee in ITA

capitation fees, failed to maintain proper books of accounts, and misrepresented actual fee collections and as such, these violations indicate significant non-compliance with the provisions of the Act. Therefore, the learned CIT-DR submitted that, the learned PCIT, Central, after taking into cognizance the findings of the search and post search enquiries, rightly noted that, there are specified violations

K M R EDUCATIONAL SOCIETY,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(1), HYDERABAD

In the result, the appeal filed by the assessee in ITA

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

capitation fees, failed to maintain proper books of accounts, and misrepresented actual fee collections and as such, these violations indicate significant non-compliance with the provisions of the Act. Therefore, the learned CIT-DR submitted that, the learned PCIT, Central, after taking into cognizance the findings of the search and post search enquiries, rightly noted that, there are specified violations

K M R EDUCATIONAL SOCIETY,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(1), HYDERABAD

In the result, the appeal filed by the assessee in ITA

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

capitation fees, failed to maintain proper books of accounts, and misrepresented actual fee collections and as such, these violations indicate significant non-compliance with the provisions of the Act. Therefore, the learned CIT-DR submitted that, the learned PCIT, Central, after taking into cognizance the findings of the search and post search enquiries, rightly noted that, there are specified violations