ABBAS ALI AKHIL,USA vs. ACIT-INT-TAX-1,, HYDERABAD

In the result, the appeal of assessee in ITA No

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri Manjunatha G. Hon’Bleआ.अपी.सं / Ita Nos.69 & 91/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2016-17 & 2018-19)

capital gain from transfer of property and passed draft assessment order u/s 144C(1) of the Act, on 15.03.2023. 9. Aggrieved by the draft assessment order, the assessee filed objections before the learned DRP on 26-04-2023 and challenged the addition made by the AO. DRP-1, Bangalore issued directions under Section 144C(5

MIR IBRAHIM ALI,USA vs. ACIT, INT-TAX-1, HYDERABAD

In the result, the appeal of assessee in ITA No

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri Manjunatha G. Hon’Bleआ.अपी.सं / Ita Nos.69 & 91/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2016-17 & 2018-19)

capital gain from transfer of property and passed draft assessment order u/s 144C(1) of the Act, on 15.03.2023. 9. Aggrieved by the draft assessment order, the assessee filed objections before the learned DRP on 26-04-2023 and challenged the addition made by the AO. DRP-1, Bangalore issued directions under Section 144C(5

ABBAS ALI AKHIL,USA vs. ACIT-INT-TAX-1, HYDERABAD

In the result, the appeal of assessee in ITA No

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri Manjunatha G. Hon’Bleआ.अपी.सं / Ita Nos.69 & 91/Hyd/2024 (निर्धारण वर्ा / Assessment Years: 2016-17 & 2018-19)

capital gain from transfer of property and passed draft assessment order u/s 144C(1) of the Act, on 15.03.2023. 9. Aggrieved by the draft assessment order, the assessee filed objections before the learned DRP on 26-04-2023 and challenged the addition made by the AO. DRP-1, Bangalore issued directions under Section 144C(5

BRIGHTCOM GROUP LIMITED (FORMERLY KNOWN AS LYCOS INTERNET LIMITED),HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-16(1),, HYDERABAD

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

Gain of Rs. 8,73,48,776/- need not be added to make the adjustments in accordance with the provisions of section 115JB of the act. 4.2. Ought to have appreciated the decision given by Hon'ble Supreme Court of India in the case of Apollo Tyres Ltd Vs. CIT2002) 12 Taxmann.com 562 (SC) has clearly stated that the Assessing

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

SRUTHI RIEDL,HYDERABAD vs. ITO, INTERNATIONAL TAXATION-2, HYDERABAD

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarassessment Year: 2016-17 Sruthi Riedl, Income Tax Officer, Hyderabad Vs. (International [Pan No. Aggpp6953R] Taxation)-2, Hyderabad (Appellant) (Respondent) निर्धारिती द्वारा /Assessee By: Shri H. Srinivasulu, Ar /Revenue By: Ms. T. Vijaya Lakshmi, Cit-Dr राजस्‍वजस्‍व द्वारा सुनवाई ई की तारीखीख/Date Of Hearing: 28/08/2023 घोषणा की तारीखीख/Pronouncement On: 08/11/2023

sections 50C, 50CA.and 50D.” 2. The brief facts of the case are that assessee being an NRI has filed the return of income for the A.Y. 2016 - 17 declaring an income of Rs.18,26,340/- towards income from house property and towards income from short term and long term capital gains and the case was processed. Thereafter, information was received

DCIT., (INTERNATIONAL TAXATION)-1, HYDERABAD vs. SYAMA REDDY MALI REDDY, HYDERABAD

144C(3) of the Act, dated 29.09.2024, i.e., on the matter\nhaving been set aside by the Tribunal, after necessary deliberations\nand perusal of the documents, observed that except for one\nproperty, i.e., the property situated at Ghatkeswar, Uppal,\nMedipally, Hyderabad, the remaining eight properties (out of nine\nproperties) were found to be commercial properties. However, the\nA.O. observed that

ASRA AHMED ,HYDERABAD vs. ADIT (INTERNATIONAL TAXATION)-2, HYDERABAD

In the result, appeal filed by the assessee in I

Bench: Shri Manjunatha G. & Shri K.Narasimha Charyआ.अपी.सं / Ita No.156/Hyd/2024 (निर्धारण वर्ा / Assessment Year: 2017-18)

section 56(2)(vii) of the Act, and passed draft assessment order u/s 144C(1) on 31.03.2023, determining total income at Rs.4,11,26,293/-. 4. The assessee has filed objections against draft assessment order before DRP on 28.04.2023 and challenged proposed additions made by the Ld.AO towards computation of long-term capital gains and additions towards cash consideration

SYED AHMED ZEESHANUDDIN,HYDERABAD vs. ADIT (INTERNATIONAL TAXATION)-2 , HYDERABAD

In the result, appeal filed by the assessee in I

Bench: Shri Manjunatha G. & Shri K.Narasimha Charyआ.अपी.सं / Ita No.156/Hyd/2024 (निर्धारण वर्ा / Assessment Year: 2017-18)

section 56(2)(vii) of the Act, and passed draft assessment order u/s 144C(1) on 31.03.2023, determining total income at Rs.4,11,26,293/-. 4. The assessee has filed objections against draft assessment order before DRP on 28.04.2023 and challenged proposed additions made by the Ld.AO towards computation of long-term capital gains and additions towards cash consideration

MADHU KUMAR PATEL,HYDERABAD vs. ADIT, ( INT TAXN)-2, HYDERABAD

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

Bench: Shri Rama Kanta Panda & Shri K.Narasimha Chary

144C of the Act, assessing the total income at Rs. 8,09,06,331/-. He proposed addition of Rs. 1,32,01,339/- on account of short-term capital gains, and Rs. 6,77,04,992/- on account of long-term capital gains by way of disallowance of claim of section 54F of the Act already granted by learned

RAJU SURYANARAYANA ALLURI,USA vs. ITO (INT TAXN)-1, HYDERABAD

In the result, the appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

144C(13) of the Act on 14.03.2024 at total income of Rs.42,24,600/-. 4. Aggrieved with the order of Ld. AO, the assessee is in appeal before us. The Learned Authorised Representative (“Ld. AR”) submitted that, the assessee had merely entered into an agreement with the developer and did not receive any consideration neither monetary nor in kind during

SOMNATH KONDURU,UNITED STATES vs. I.T.O (INT TAXN)-1, HYDERABAD

In the result, appeal filed by the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

capital gains. The DRP disposed of the said objection filed by the assessee vide it’s Direction issued under section 144C(5

RAMESH REDDY GONGALLA,UNITED STATES vs. ADIT(INT TAXN)-1, HYDERABAD

In the result, appeal of the assessee is allowed for statistical purpose

Bench: Shri Manjunatha G. & Shri K.Narasimha Chary

144C(13) of the Income tax Act, 1961 (“the Act”), assessee preferred this appeal. 2. Assessee is an individual. He is nonresident of India and resident of America. He possessed 500 sq.yds of site and he entered into development agreement cum General Power of Attorney on 31/05/2016 along with 45 others in favour of M/s Preston Developers LLP, under which

CAMBRIDGE TECHNOLOGY ENTERPRISES LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(2), HYDERABAD

In the result, appeal filed by the assessee is allowed

Bench: Shri Manjunatha G. & Shri K.Narasimha Charyआ.अपी.सं /Ita No.536/Hyd/2019 (निर्धारण वर्ा/Assessment Year: 2012-13) M/S Cambridge Technology Vs. Dcit Enterprises Limited Circle-1(2) Hyderabad Hyderabad [Pan :Aaacu3358G] (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri P.Murali Mohan Rao, Ar रधजस् व द्वधरध/Revenue By: Shri Shiva Sewak, Cit-Dr सुिवधई की तधरीख/Date Of Hearing: 28/10/2024 घोर्णध की तधरीख/Date Of 24/01/2025 Pronouncement: आदेश / Order Per. Manjunatha G., A.M: This Appeal Filed By The Assessee Is Directed Against The Order Dated 20.03.2019 Of The Learned Principal Commissioner Of Income Tax [Ld.Pcit], Hyderabad Pertaining To A.Y.2012-13. 2. The Brief Facts Of The Case Are That The Assessee Company, Engaged In The Business Of Rendering Software Services, Filed Its Return Of Income For The A.Y.2012-13 On 26.09.2012, Admitting Total Income Of Rs.4,05,55,380/- Under Normal Provisions Of Income Tax Act, 1961 (“The Act”) & Rs.1,47,09173/-

5). The section empowers the DRP to make any further enquiry or cause any further enquiry to be made by the Income Tax authorities, as it thinks fit and also to enhance the assessment. Further section 144C(13) provides that upon receipt of directions issued by the DRP, the Assessing Officer, shall in conformity, with the directions complete the assessment

TEK SYSTEMS GLOBAL SERVICES PRIVATE LIMITED,HYDERBAD vs. DCIT, CIRCLE-2(1), HYDERBAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Laliet Kumar & Shri Manjunatha G.आ.अपी.सं /Ita No.487/Hyd/2022 (निर्धारण वर्ा/Assessment Year: 2018-19) Tek Systems Global Vs. Dy. C. I. T. Services (P) Ltd, Circle 2(1) Hyderabad Hyderabad Pan:Aabcf1518Q (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Ms. K. Amulya, Ca रधजस् व द्वधरध/Revenue By:: Shri Jeevan Lal Lavidiya, Cit-Dr सुिवधई की तधरीख/Date Of Hearing: 29/05/2024 घोर्णध की तधरीख/Pronouncement: 05/07/2024 आदेश/Order

144C(5) of the Act, is illegal, thus, making the final assessment order bad in law, null and void and thus, liable to be quashed.” 3. Facts of the case, in brief, are that the assessee TES Systems Global Services (P) Ltd (formerly Frontline Consulting Services P Ltd) was incorporated on Nov. 23, 2007 as per the provisions of software

PAVAN KUMAR REDDY KADIGARI,USA vs. ITO, (INT TAXN)-2, HYDERABAD

In the result, all the captioned six appeals filed by the assessee are allowed for statistical purposes

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

5. However, the Assessing Officer was not satisfied with the arguments advanced by the assessee. He noted that although the assessee has worked out the capital gain and paid the taxes, however, the return of income in response to the notice issued u/s 153C has not been filed. According to him, there is a deemed transfer as per provisions

PAVAN KUMAR REDDY KADIGARI,USA vs. ITO, (INT TAXN)-2, HYDERABAD

In the result, all the captioned six appeals filed by the assessee are allowed for statistical purposes

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

5. However, the Assessing Officer was not satisfied with the arguments advanced by the assessee. He noted that although the assessee has worked out the capital gain and paid the taxes, however, the return of income in response to the notice issued u/s 153C has not been filed. According to him, there is a deemed transfer as per provisions

PAVAN KUMAR REDDY KADIGARI,USA vs. ITO,(INT TAXN)-2, HYDERABAD

In the result, all the captioned six appeals filed by the assessee are allowed for statistical purposes

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

5. However, the Assessing Officer was not satisfied with the arguments advanced by the assessee. He noted that although the assessee has worked out the capital gain and paid the taxes, however, the return of income in response to the notice issued u/s 153C has not been filed. According to him, there is a deemed transfer as per provisions

PAVAN KUMAR REDDY KADIGARI,USA vs. ITO, (INT TAXN)-2, HYDERABAD

In the result, all the captioned six appeals filed by the assessee are allowed for statistical purposes

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

5. However, the Assessing Officer was not satisfied with the arguments advanced by the assessee. He noted that although the assessee has worked out the capital gain and paid the taxes, however, the return of income in response to the notice issued u/s 153C has not been filed. According to him, there is a deemed transfer as per provisions