GADDAM MOHAN REDDY,NIZAMABAD vs. INCOME TAX OFFICER, WARD-2, NIZAMABAD

275/- for the A.Y.2015-16, Rs.1565,410/- for the\nA.Y.2016-17 and Rs.13,34,598/- for the A.Y.2017-18.\n18. In the result, the appeals filed by the assessee are allowed\nfor the A.Y.2015-16 to 2017-18.\n19. To sum up, all the four appeals filed by the assessees are\nallowed for the A.Y.2015-16 to 2017-18.\nOrder pronounced in the Open Court

GADDAM MOHAN REDDY,NIZAMABAD vs. INCOME TAX OFFICER, WARD-2, NIZAMABAD

275/- for the A.Y.2015-16, Rs.1565,410/- for the\nA.Y.2016-17 and Rs.13,34,598/- for the A.Y.2017-18.\n18. In the result, the appeals filed by the assessee are allowed\nfor the A.Y.2015-16 to 2017-18.\n19. To sum up, all the four appeals filed by the assessees are\nallowed for the A.Y.2015-16 to 2017-18.\nOrder pronounced in the Open Court

NIMMATOORI SULOCHANA,HYDERABAD vs. ACIT., CENTRAL CIRCLE 2(4), HYDERABAD

In the result, appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

capital 8 ITA.Nos.602 & 603/Hyd./2025 gains was made during the assessment proceedings too. The Jt./Addl. CIT, Central Range-2, Hyderabad further noted that, the Assessing Officer at para 8.4 of the assessment order categorically rebutted the claim with the assertion that, the said villages are urban areas as they are a part of Hyderabad Metropolitan Region notified

NIMMATOORI YASHODA,HYDERABAD vs. DCIT., CENTRAL CIRCLE 2(4), HYDERABAD

In the result, appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

capital 8 ITA.Nos.602 & 603/Hyd./2025 gains was made during the assessment proceedings too. The Jt./Addl. CIT, Central Range-2, Hyderabad further noted that, the Assessing Officer at para 8.4 of the assessment order categorically rebutted the claim with the assertion that, the said villages are urban areas as they are a part of Hyderabad Metropolitan Region notified

NIMMATOORI RAMESH BABU,HYDERABAD vs. ACIT., CENTRAL CIRCLE 2(4), HYDERABAD

In the result, appeal ITA

Bench: Shri Manjunatha G & Shri Ravish Sood

capital gain, she was under the bonafide belief that, provisions of Sec.269SS of the Act would not apply. The Addl. CIT, Central Range-2, 18 ITA.Nos.594, 596 & 597 /Hyd./2025 Hyderabad after considering relevant submissions of assessee and also by following judicial precedents including the decision of Hon’ble High Court of Madras in the case of P. Bhaskar

LATE NIMMATOORI RAJABABU L/R BY ANUDEEP NIMMATOORI,HYDERABAD vs. ACIT., CENTRAL CIRCLE 2(4), HYDERABAD

In the result, appeal ITA

Bench: Shri Manjunatha G & Shri Ravish Sood

capital gain, she was under the bonafide belief that, provisions of Sec.269SS of the Act would not apply. The Addl. CIT, Central Range-2, 18 ITA.Nos.594, 596 & 597 /Hyd./2025 Hyderabad after considering relevant submissions of assessee and also by following judicial precedents including the decision of Hon’ble High Court of Madras in the case of P. Bhaskar

LATE NIMMATOORI RAJA BABU,HYDERABAD vs. ACIT., CENTRAL CIRCLE 2(4), HYDERABAD

In the result, ITA.Nos.596 & 597/Hyd

capital gain, she was\nunder the bonafide belief that, provisions of Sec.269SS of\nthe Act would not apply. The Addl. CIT, Central Range-2,\nHyderabad after considering relevant submissions of\nassessee and also by following judicial precedents including\nthe decision of Hon'ble High Court of Madras in the case of\nP. Bhaskar vs., CIT (supra) and the Judgment

SANGHI INDUSTRIES LIMITED,HYDERABAD vs. DCIT, CIRCLE -3 (1), HYDERABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

275 to 306 of the paper book). While referring to the said decision of the Kolkata Bench (supra), the Ld AR has drawn our attention to Ground No.6 of that appeal wherein the issue has been captured as under: 8 ITA (TP) 104/Hyd/2022 Sanghi Industries Limited “6. For that on the facts and in the circumstances of the case

ITO, WARD-1(1), HYDERABAD vs. ARKA PROPERTIES PRIVATE LIMITED, HYDERABAD

In the result, appeal of the Revenue is dismissed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita No.58/Hyd/2024 (िनधा"रण वष"/Assessment Year: 2015-16) Income Tax Officer Vs. Arka Properties (P) Ltd Ward 1 (1) Hyderabad Hyderabad Pan:Aafca7411H (Appellant) (Respondent) राज" व "ारा/Revenue By:: Smt. M. Narmada, Cit(Dr) िनधा""रती "ारा/Assessee By: Advocate H Srinivasulu, सुनवाई की तारीख/Date Of Hearing: 27/03/2025 घोषणा की तारीख/Pronouncement: 17/04/2025 आदेश/Order Per Vijay Pal Raothis Appeal By The Revenue Is Directed Against The Order Dated, 23/11/2023 Of The Learned Cit (A)-Nfac Delhi, For The A.Y. 2015-16. 2. There Is A Delay Of 1 Day By The Revenue In Filing The Appeal Before The Tribunal & The Revenue Has Filed An Affidavit Explaining The Cause Of Delay. We Have Heard The Learned Dr As Well As The Learned Ar On The Condonation Of Delay. The Learned Ar Has Not Objected For Condonation Of Delay Of One Day In Filing

capital gain Page 2 of 24 ITA No 58 of 2024 ARKA Properties P Ltd to tax. The Assessing Officer then reopened the assessment by issuing notice u/s 148 of the I.T. Act, 1961 on 30/03/2021. In response to the said notice, the assessee filed return of income on 10/03/2022 declaring loss of Rs.1,31,49,338/-. The learned

SABIR, SEW 7 PRASAD JV,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-6(1), HYDERABAD

In the result, all the appeals of the assessee are allowed

275 ITR (Statute)\n70. In the said circular, issued in connection with 80IA (4) of the Act, it is\nclarified that the benefit of deduction is available to an enterprise which\nis in the business of undertaking the projects either by way of Build,\nOperate and Transfer (BOT) or Build, Own, Operate and Transfer (BOOT).\n\n7.10 Further, one more

CELESTIAL AVENUES PVT LTD REP. BY CSK PROPERTIES PVT LTD ON MERGER-PAN-AADCC3990R,HYDERABAD. vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE -1(2), HYDERABAD.

In the result, all the appeals of the assessee are allowed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha G, Hon’Bleआ.अपी.सं / Ita Nos.212 To 214/Hyd/2019 (निर्धारण वर्ा / Assessment Years: 2006-07, 2007-08 & 2008-09) M/S. Sabir, Sew & The Deputy Commissioner Of Prasad, Jv, Vs. Income Tax, Hyderabad. Circle – 6(1), Hyderabad. Pan : Abcfs2425A अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent

275 ITR (Statute) 70. In the said circular, issued in connection with 801A (4) of the Act, it is clarified that the benefit of deduction is available to an enterprise which is in the business of undertaking the projects either by way of Build, Operate and Transfer (BOT) or Build, Own, Operate and Transfer (BOOT). 7.10 Further, one more circular

SABIR, SEW & PRASAD JV,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-6(1), HYDERABAD

In the result, all the appeals of the assessee are allowed

275 ITR (Statute)\n70. In the said circular, issued in connection with 80IA (4) of the Act, it is\nclarified that the benefit of deduction is available to an enterprise which\nis in the business of undertaking the projects either by way of Build,\nOperate and Transfer (BOT) or Build, Own, Operate and Transfer (BOOT).\n\n7.10 Further, one more

SABIR , SEW & PRASAD JV,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-6(1), HYDERABAD

In the result, all the appeals of the assessee are allowed

275 ITR (Statute)\n70. In the said circular, issued in connection with 801A (4) of the Act, it is\nclarified that the benefit of deduction is available to an enterprise which\nis in the business of undertaking the projects either by way of Build,\nOperate and Transfer (BOT) or Build, Own, Operate and Transfer (BOOT).\n7.10 Further, one more circular

ACIT., CIRCLE-5(1), HYDERABAD vs. MYLAN LABORATORIES LIMITED, HYDERABAD

In the result. appeal of the Assessee is partly allowed for statistical purposes and appeal of Revenue is partly allowed for statistical purposes

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

275/-. 6. Being aggrieved by the assessment order, the appellant company preferred an appeal before the learned CIT(A) and contested all additions made by the Assessing Officer including TP adjustment as suggested by the TPO under section 92CA(3) of the Act, disallowance of depreciation on goodwill u/sec.32; disallowance of depreciation on non-compete fee, disallowance of expenditure u/sec.14A

MYLAN LABORATORIES LIMITED,HYDERABAD vs. ACIT, CIRCLE-5(1), HYDERABAD

In the result. appeal of the Assessee is partly\nallowed for statistical purposes and appeal of Revenue is\npartly allowed for statistical purposes

275/-.\n6.\nBeing aggrieved by the assessment order, the\nappellant company preferred an appeal before the learned\nCIT(A) and contested all additions made by the Assessing\nOfficer including TP adjustment as suggested by the TPO\nunder section 92CA(3) of the Act, disallowance of\ndepreciation on goodwill u/sec.32; disallowance of\ndepreciation on\nnon-compete fee,\ndisallowance\nof\nexpenditure u/sec.14A

DCIT., CENTRAL CIRCLE-3(1), HYDERABAD vs. UNITED DEVELOPER, HYDERABAD

In the result, the cross-objections file d by the assessee firm in A

Bench: Us As A Cross-Objector. Since Common Issues Are Involved In The Captioned Appeals & Cross-Objections, Therefore, The Same Have Been Taken Up & Disposed Of By A Consolidated Order. We Shall First Take Up The Appeal Filed By The Revenue & The Cross- Objection Of The Assessee Firm For A.Y.2016-17 & The Order Therein Passed Shall Apply Mutatis Mutandis For The Purpose Of Disposing Of The Other Appeal & Cross-Objection.

275 shops (floor-wise), and the cheque amounts therein mentioned aggregated to Rs.11,51,70,000/- viz., (i) A.Y. 2016-17: Rs.5,16,20,000/-; and (ii) A.Y. 2017-18: Rs.6,35,00,000/-, which except for a marginal difference of Rs. 50,000/- tallied with the sale consideration of shops that was disclosed by the assessee firm

DCIT., CENTRAL CIRCLE 3(1),, HYDERABAD vs. UNITED DEVELOPER, HYDERABAD

In the result, the cross-objections file d by the assessee firm in A

Bench: Us As A Cross-Objector. Since Common Issues Are Involved In The Captioned Appeals & Cross-Objections, Therefore, The Same Have Been Taken Up & Disposed Of By A Consolidated Order. We Shall First Take Up The Appeal Filed By The Revenue & The Cross- Objection Of The Assessee Firm For A.Y.2016-17 & The Order Therein Passed Shall Apply Mutatis Mutandis For The Purpose Of Disposing Of The Other Appeal & Cross-Objection.

275 shops (floor-wise), and the cheque amounts therein mentioned aggregated to Rs.11,51,70,000/- viz., (i) A.Y. 2016-17: Rs.5,16,20,000/-; and (ii) A.Y. 2017-18: Rs.6,35,00,000/-, which except for a marginal difference of Rs. 50,000/- tallied with the sale consideration of shops that was disclosed by the assessee firm