SEVEN ENERGIES ODISHA LIMITED,HYDERABAD vs. ACIT CIRCLE 3(1), HYD, HYDERABAD

Bench: Shri Manjunatha G. & Shri Ravish Soodआ.अपी.सं /Ita No.1518/Hyd/2025 (िनधा"रण वष"/Assessment Year: 2016-17) Seven Energies Odisha Vs. Acit, Limited, Circle-3(1), Hyderabad. Hyderabad. Pan: Aatcs5759E (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri Sashank Dundu, Advocate राज" व "ारा/Revenue By: Ms. Aditi Goyal, Sr.Ar सुनवाई की तारीख/Date Of Hearing: 05/02/2026 घोषणा की तारीख/Date Of 20/02/2026 Pronouncement: आदेश / Order Per. Ravish Sood, J.M: The Present Appeal Filed By The Assessee Company Is Directed Against The Order Passed By The Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, Dated 07/02/2025, Which In Turn Arises From The Order Passed By The Assessing Officer (For Short, “Ao”) Under Section 143(3) Of The Income Tax Act, 1961 (For Short, “The Act”), Dated 18/12/2018 For The Assessment Year (Ay) 2016-17. The Assessee

condone the delay involved in the filing of the present appeal. 11. Coming to the merits of the case, the Ld. AR has assailed the validity of the order passed by the AO under section 143(3) of the Act, dated 18/12/2018 for two fold reasons, viz., (i) that the AO had exceeded 9 Seven Energies Odisha Limited vs. ACIT

GACM TECHNOLOGIES LIMITED,HYDERABAD vs. INCOME TAX OFFICER, WARD-3(4), HYDERABAD

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

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Bleassessment Year – 2017-18 Gacm Technologies Ltd. Vs. Income Tax Officer Ward-3(4), Hyderabad (Formerly Known As Stampede Capital Limited) Hyderabad Pan : Aaacb7421K (Appellant) (Respondent) Assessee By: Shri Rajesh Vaishnav, Ld.Ar Revenue By: Shri Srinath Sadanala, Ld.Dr 05.09.2024 Date Of Hearing: Date Of Pronouncement: 06.09.2024

dividend earned is exempt income the hands of appellant. 6. The appellant may add, alter or modify any other point to the Grounds of appeal at any time before or at the time of hearing of the appeal. 3. In the present case, at the outset, the Ld.AR submitted that there is a delay of 40 days in filing

THE INDUR INTIDEEPAM PRODUCERS MA CO-OP SOCIETIES FEDERATION LIMITED,NIZAMABAD vs. ITO WARD-1, NIZAMABAD

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

Bench: Shri R.K. Panda & Shri Laliet Kumar

delay in filing this appeal is neither intentional nor deliberate but due to the circumstances beyond its control. The same stands condoned. Case is now taken up for adjudication on merits. 3. The grounds raised by the assessee read as under : “1) The order of the learned CIT (A) is erroneous both on facts and in law. 2) The learned

STATE BANK OF INDIA STAFF CO-OPERATIVE CREDIT SOCIETY LTD,HYDERABAD vs. DCIT., CIRCLE-5(1), HYDERABAD

In the result, appeal of the assessee is allowed

Bench: Shri Inturi Rama Rao & Shri K.Narasimha Chary

condone the delay and proceed to hear the matter on merits. 3. Brief facts of the case are that the assessee is registered as a co- operative society, formed by the employees of the SBI Bank Staff. It filed the return of income for the assessment year 2018-19 on 26/09/2018 declaring total income as NIL. Return of income

SREE KANYAKA MUTUALLY AIDED CO-OP THRIFT CREDIT AND MARKETG. SOCIETY LIMITED,HINDUPUR vs. INCOME TAX OFFICER, WARD 1, HINDUPUR

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

Bench: Shri Laliet Kumar, Hon’Ble & Shri Madhusudan Sawdia

condone the delay and admit the appeal for hearing. ITA No.224/Hyd/2024 for A.Y. 2018-19 5. Facts of the case, in brief, are that the assessee is a Co- op Society which is carrying on the business of banking and providing credit facilities to its members, which is registered under the Andhra Pradesh Mutually Aided Co-operative Societies

NCL HOMES LIMITED,HYDERABAD vs. ITO WARD-16(1), HYDERABAD

In the result, appeal of the assessee is dismissed

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

dividend income of Rs. 26,29,981/- which is exempt under section 10 (34) of the Act and claimed interest expenditure of Rs. 5,72,80,691/- which was debited to the P&L account, but no disallowance was made either in the computation of total income or in the assessment order under section 14A of the Act read with

ANDHRA CARDIOLOGY ASSOCIATES PRIVATE LIMITED,HYDERABAD vs. INCOME TAX OFFICER, WARD-1(2), HYDERABAD

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

Bench: Shri R.K. Panda & Shri Laliet Kumar

condone the delay and admit the appeal for hearing. 3. The grounds raised by the assessee read as under : “1) The order of the learned Commissioner of Income-Tax (Appeals) is erroneous both on facts and In law. 2). The learned Commissioner of Income-Tax (Appeals) erred in confirming the addition made by the Assessing Officer of Rs.7

ACIT., EXEMPTIONS CIRCLE-1(1), HYDERABAD vs. PHARMACEUTICALS EXPORT PROMOTION COUNCIL OF INDIA, HYDERABAD

In the result, the appeal of Revenue is allowed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Bleassessment Year: 2016-17 The Assistant Commissioner Vs. Pharmaceuticals Export Of Income Tax, Promotion Council Of India, Exemptions, Circle – 1(1), Hyderabad. Hyderabad. Pan : Aadcp4643C (Appellant) (Respondent) Assessee By: Shri Rv. Chalam, C.A. Revenue By: Shri B. Balakrishna, Cit-Dr Date Of Hearing: 10.02.2025 Date Of Pronouncement: 11.02.2025

condone the delay. In view of this difficulty, we are unable to accede to the prayer made on behalf of the assessee. We have also gone through the judgment of the Division Bench of this Court relied upon by the assessee. That was a case where the assessee was denied the benefit of Section

ADP PRIVATE LIMITED,RANGA REDDY vs. DCIT, CIRCLE-1( 1), HYDERABAD

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

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

deemed international transaction and the Hon'ble DRP erred in holding this transaction as an international transaction. B. Provision of Information Technology enabled Services ('ITeS') 7. On the facts and in the circumstances of the case and in contrary to law, the Ld. TPO has erred and the Hon'ble DRP further erred in upholding/confirming the action

ADP PRIVATE LIMITED (31/10/2015),RANGA REDDY vs. DCIT, CIRCLE-1( 1), HYDERABAD

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

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

deemed international transaction and the Hon'ble DRP erred in holding this transaction as an international transaction. B. Provision of Information Technology enabled Services ('ITeS') 7. On the facts and in the circumstances of the case and in contrary to law, the Ld. TPO has erred and the Hon'ble DRP further erred in upholding/confirming the action