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

49,255/- as long term capital gain. 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

TARA CHAND 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

49,255/- as long term capital gain. 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

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

49,255/- as long term capital gain. 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

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

49,255/- as long term capital gain. 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

KAVYA 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

49,255/- as long term capital gain. 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

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

49,255/- as long term capital gain. 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

INCOME TAX OFFICER, WARD-2(1), HYDERABAD vs. NARASIMHA REDDY DUTHALA, HYDERABAD

Bench: Shri Manjunatha G & Shri Ravish Sood

49,92,793/-. The assessee has computed long term capital gains of Rs.92,28,20,193/- after deducting indexed cost of acquisition of Rs.2,21,72,590/-. Further, out of the total long term capital gains, the assessee has claimed exemption under section 54F of the Act to the tune of Rs.53,22,48,667/- being investment made for purchase

NETMATRIX CROP CARE PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE-5(1), HYDERABAD

Bench: Us:

1) Any profits or gains arising from the slump sale effected in the previous year shall be chargeable to income- tax as capital gains arising from the transfer of long-term capital assets and shall be deemed to be the income of the previous year in which the transfer took place : Provided that any profits or gains arising from

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

gain aris-ing from the transfer of a long-term capital asset ;] 42(A) 88["short-term capital asset" means a capital asset held by an assessee for not more than 89[thirty-six] months immediately preceding the date of its transfer :] 90[Provided that in the case of a share held in a company 91[or any other security

THE ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

49,45,000 4 19.06.2009 4th Instalment 5 29.06.2009 5th Instalment 5,51,05,55,000 6 07.10.2009 6th Instalment 4,18,27,38,000 7 22.01.2010 7th Instalment 1,59,92,300 8 26.02.2010 8th Instalment 27,79,000 Total A.Y. 2010-11 11,15,70,09,300 Grand Total 17,81,36,62,238 Hence

THE ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

49,45,000 4 19.06.2009 4th Instalment 5 29.06.2009 5th Instalment 5,51,05,55,000 6 07.10.2009 6th Instalment 4,18,27,38,000 7 22.01.2010 7th Instalment 1,59,92,300 8 26.02.2010 8th Instalment 27,79,000 Total A.Y. 2010-11 11,15,70,09,300 Grand Total 17,81,36,62,238 Hence

THE ANDHRA PRADESH STATE COOPERATIVE BANK LIMITED,HYDERABAD vs. ASST.COMMISSIONER OF INCOME TAX, CIRCLE-5(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

49,45,000 4 19.06.2009 4th Instalment 5 29.06.2009 5th Instalment 5,51,05,55,000 6 07.10.2009 6th Instalment 4,18,27,38,000 7 22.01.2010 7th Instalment 1,59,92,300 8 26.02.2010 8th Instalment 27,79,000 Total A.Y. 2010-11 11,15,70,09,300 Grand Total 17,81,36,62,238 Hence

THE ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

49,45,000 4 19.06.2009 4th Instalment 5 29.06.2009 5th Instalment 5,51,05,55,000 6 07.10.2009 6th Instalment 4,18,27,38,000 7 22.01.2010 7th Instalment 1,59,92,300 8 26.02.2010 8th Instalment 27,79,000 Total A.Y. 2010-11 11,15,70,09,300 Grand Total 17,81,36,62,238 Hence

THE ANDHRA PRADESH STATE CO OPERATIVE BANK LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

49,45,000 4 19.06.2009 4th Instalment 5 29.06.2009 5th Instalment 5,51,05,55,000 6 07.10.2009 6th Instalment 4,18,27,38,000 7 22.01.2010 7th Instalment 1,59,92,300 8 26.02.2010 8th Instalment 27,79,000 Total A.Y. 2010-11 11,15,70,09,300 Grand Total 17,81,36,62,238 Hence

THE ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-5(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

49,45,000 4 19.06.2009 4th Instalment 5 29.06.2009 5th Instalment 5,51,05,55,000 6 07.10.2009 6th Instalment 4,18,27,38,000 7 22.01.2010 7th Instalment 1,59,92,300 8 26.02.2010 8th Instalment 27,79,000 Total A.Y. 2010-11 11,15,70,09,300 Grand Total 17,81,36,62,238 Hence

THE ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

49,45,000 4 19.06.2009 4th Instalment 5 29.06.2009 5th Instalment 5,51,05,55,000 6 07.10.2009 6th Instalment 4,18,27,38,000 7 22.01.2010 7th Instalment 1,59,92,300 8 26.02.2010 8th Instalment 27,79,000 Total A.Y. 2010-11 11,15,70,09,300 Grand Total 17,81,36,62,238 Hence

ANIL BHANSALI,HYDERABAD vs. ADDL. COMMISSIONER OF INCOME TAX, RANGE -12, HYDERABAD

In the result, appeal of the assessee is dismissed

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

1)(ba) of the Act, sections 49(2AA) or section 49(2AB) of the Act have no application. Insofar as the taxes paid by the assessee at the time of acquisition of the shares is concerned, argument of the Ld. DR is that such amount of tax paid is not in the nature of capital gain

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

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha, G.A N D Shri K. Narasimha Charis.No Ita Nos. Appellant Respondent A.Y 591/Hyd/2022 Shri Ramesh Babu 1 Acit, Central Circle 2017-18 2 619/Hyd/2022 Nimmatoori Hyderabad 2(4) Hyderabad 2018-19 Pan:Acspn1659G 3 700/Hyd/2022 Acit, Central Circle 2(4) Shri Ramesh Babu 2018-19 Hyderabad Nimmatoori Hyderabad Pan:Acspn1659G 4 311/Hyd/2022 Raja Babu Nimmatoori 2013-14 589/Hyd/2022 Hyderabad Acit, Central Circle 5 2016-17 Pan:Acspn1662R 2(4) Hyderabad 6 590/Hyd/2022 2017-18 7 621/Hyd/2022 2018-19 8 701/Hyd/2022 Acit, Central Circle Raja Babu 2018-19 2(4) Hyderabad Nimmatoori Hyderabad Pan:Acspn1662R 9 337/Hyd/2022 Yashoda Nimmatoori Acit, Central Circle 2016-17 593/Hyd/2022 Hyderabad 2(4) Hyderabad 10 2017-18 618/Hyd/2022 Pan:Acspn1657J 11 2018-19 332/Hyd/2022 12 Anudeep Nimmattoori Acit, Central Circle 2016-17 13 475/Hyd/2022 Hyderabad 2(4) Hyderabad 2017-18 476/Hyd/2022 Pan:Ahbpn2081Q 14 2018-19 15 592/Hyd/2022 Sulochana Acit, Central Circle 2017-18 Nimmattoori 2(4) Hyderabad 16 620/Hyd/2022 2018-19 Pan:Acspn1664K 594/Hyd/2022 Manjusha Nimmatoori 17 Acit, Central Circle 2018-19 Hyderabad 2(4) Hyderabad Pan:Acspn1666M िनधा""रती "ारा/Assessee By: Shri P. Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Shri Shakeer Ahmed, Dr सुनवाई की तारीख/Date Of Hearing: 13/06/2024 घोषणा की तारीख/Pronouncement: 14/08/2024

1) of the I.T. Act, 1961 and in respect of the alleged consideration received towards transfer of land in pursuant to JDA-cum-GPA on 30.06.2017. Admittedly, the appellant had entered JDA on 30.06.2017 with M/s. JVG Structures (P) Ltd for development of 30.17 acres of land. As per Page 30 of 133 ITA Nos 591 619 700 Ramesh Babu