DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(1), HYDERABAD vs. NSL RENEWABLE POWER PRIVATE LIMITED, HYDERABAD

In the result, the appeals of the revenue are partly allowed for statistical purposes in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

gains of Kalamb unit for the purpose of determining the quantum of deduction under section 80-IA(5) of the Act is to be computed if such eligible business of the said unit is the only source of income of the assessee. The Assessing Officer mixed the profits of the Kalamb unit with the profits of units at Delhi

DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(1), HYDERABAD vs. NSL RENEWABLE POWER PRIVATE LIMITED, HYDERABAD

In the result, the appeals of the revenue are partly allowed for statistical purposes in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

gains of Kalamb unit for the purpose of determining the quantum of deduction under section 80-IA(5) of the Act is to be computed if such eligible business of the said unit is the only source of income of the assessee. The Assessing Officer mixed the profits of the Kalamb unit with the profits of units at Delhi

RAMESH TUTHURU ,MEDAK vs. INCOME TAX OFFICER, WARD-1, SANGAREDDY

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

80C of the Act.” 2. Brief facts of the case are that the assessee, an individual, filed his return of income declaring total income of Rs. 2,12,470/-. During the assessment proceedings u/s 143(3) of the Act, the A.O. observed that the assessee has transferred a piece of land for a sum of Rs. 40 lakhs

VITP PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE8(1), HYDERABAD

80C to\n42[80U].\n(2) The aggregate amount of the deductions43 under this Chapter shall not, in any\ncase, exceed the gross total income of the assessee.\n44[(3) Where, in computing the total income of an association of persons or a body\nof individuals, any deduction is admissible under section 80G or section 80GGA\n45[or section 80GGC

BHARAT KUMAR BANSAL,HYDERABAD vs. ACIT., CENTRAL CIRCLE -2(1), HYDERABAD

In the result, all the appeals filed by the assessee are\nallowed

capital gains.\n8. The Appellate Commissioner erred in confirming the\ndisallowance of Rs. 1,88,241/-, claimed u/s.80C.\n9. Any other grounds which the Assessee may urge either\nbefore or at the time of the hearing.”\n6.\nThe brief facts common to all these appeals are that a\nsearch and seizure operation under section 132 of the Act was\nconducted