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

house property and submitted that in accordance with ‘The Rule of Consistency’ and ‘The Doctrine of Judicial Discipline’, the order of Learned Commissioner of Income Tax (Appeals) be set-aside and the action of Learned Assessing Officer be restored. Our submission: a. Post the ITAT Order for AY 2011-12 the Hon’ble Supreme Court in the case

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

house property and submitted that in accordance with ‘The Rule of Consistency’ and ‘The Doctrine of Judicial Discipline’, the order of Learned Commissioner of Income Tax (Appeals) be set-aside and the action of Learned Assessing Officer be restored. Our submission: a. Post the ITAT Order for AY 2011-12 the Hon’ble Supreme Court in the case

RACHIT V SHAH,HYDERABAD vs. ITO, WARD-7(3), HYDERABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

house property to his father is like throwing a ball tied with rubber band and the ball would come back to the thrower's hands after lapse of certain time. " With respect to the above, it is to be noted that the learned assessing officer has wrongly stated that the gifted property would come back to the assessee only. Firstly

IMPACT METALAS LIMITED, MEDAK DIST.,HYDERABAD vs. DCIT, CIRCLE-2(1), HYDERABAD, HYDERABAD

In the result, assessee’s appeal is partly allowed

Bench: Smt. P. Madhavi Devi & Shri S.Rifaur Rahmanm/S. Impact Metals Ltd Vs Dy. Commissioner Of Income Medak Tax, Circle 2(1) Pan: Aaaci4546A Hyderabad (Appellant) (Respondent)

house property and observing that only the expenditure mentioned u/s 24 is to be allowed, the AO observed that the interest portion of Rs.16,08,014 is not allowable. Further, he also disallowed the claim of depreciation

GONUGUNTLA NIRMALA DEVI,ANANTAPUR vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 1, ANANTAPUR, ANANTAPUR

In the result, the appeal of the assessee is partly allowed

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

house property instead of business income of the appellant. 7. That the Ld.CIT(A) is not justified in confirming the disallowance of Rs.1,14,809/- made by the Assessing Officer towards depreciation

VEERAPANENI CHENNAKESHAVA RAO ,HYDERABAD vs. INCOME TAX OFFICER, WARD-9(4), HYDERABAD

In the result, the appeal of assessee is partly allowed

Bench: Smt. P. Madhavi Devi

house property’ of Rs.7,08,000/- and also claimed 30% therefrom as depreciation and balance amount of Rs.4,95,600/- was offered

INCOME TAX OFFICER, WARD-2(1), HYDERABAD vs. KSK WIND POWER SANKONAHATTI ATHNI PRIVATE LIMIED, HYDERABAD

In the result, all the four appeals of the Revenue are allowed

Bench: Shri A. Mohan Alankamony & Shri S.S. Godaraassessment Year: 2014-15 Income Tax Officer, Vs. Ksk Wind Energy Ward-2(1), Halagali Benchi Private Hyderabad. Limited, Hyderabad. Pan: Aaeck 1965 F (Appellant) (Respondent) Assessee By: Sri S. Rama Rao Revenue By: Sri Sunil Gowtham, Sr. Ar Assessment Year: 2014-15 Income Tax Officer, Vs. Ksk Wind Power Ward-2(1), Sankonahatti Athni Hyderabad. Private Limited, Hyderabad. Pan: Aaeck 1900 C (Appellant) (Respondent) Assessee By: Sri S. Rama Rao Revenue By: Sri Sunil Gowtham, Sr. Ar Assessment Year: 2014-15 Income Tax Officer, Vs. Ksk Wind Power Ward-2(1), Aminabhavi Chikodi Hyderabad. Private Limited, Hyderabad. Pan: Aaeck 1888 R (Appellant) (Respondent)

house property. Likewise, the company may have income from other sources. The company may also, as in that case, keep the surplus funds in short-term deposits in order to earn interest. Such interest will be chargeable under section 56 of the Act. This court also emphasized the fact that the company was not bound to utilise the interest

INCOME TAX OFFICER, WARD-2(1), HYDERABAD vs. KSK WIND ENERGY HALAGALI BENCHI PRIVATE LIMIED , HYDERABAD

In the result, all the four appeals of the Revenue are allowed

Bench: Shri A. Mohan Alankamony & Shri S.S. Godaraassessment Year: 2014-15 Income Tax Officer, Vs. Ksk Wind Energy Ward-2(1), Halagali Benchi Private Hyderabad. Limited, Hyderabad. Pan: Aaeck 1965 F (Appellant) (Respondent) Assessee By: Sri S. Rama Rao Revenue By: Sri Sunil Gowtham, Sr. Ar Assessment Year: 2014-15 Income Tax Officer, Vs. Ksk Wind Power Ward-2(1), Sankonahatti Athni Hyderabad. Private Limited, Hyderabad. Pan: Aaeck 1900 C (Appellant) (Respondent) Assessee By: Sri S. Rama Rao Revenue By: Sri Sunil Gowtham, Sr. Ar Assessment Year: 2014-15 Income Tax Officer, Vs. Ksk Wind Power Ward-2(1), Aminabhavi Chikodi Hyderabad. Private Limited, Hyderabad. Pan: Aaeck 1888 R (Appellant) (Respondent)

house property. Likewise, the company may have income from other sources. The company may also, as in that case, keep the surplus funds in short-term deposits in order to earn interest. Such interest will be chargeable under section 56 of the Act. This court also emphasized the fact that the company was not bound to utilise the interest

DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(1), HYDERABAD vs. L & T METRO RAIL (HYDERABAD) LIMITED, HYDERABAD

In the result, appeal of the Revenue is allowed

Bench: Shri A. Mohan Alankamony & Shri S.S. Godaraassessment Year: 2016-17 Dcit, Vs. L & T Metro Rail Circle-16(1), (Hyderabad) Limited, Hyderabad. Hyderabad. Pan: Aabcl 8521 D (Appellant) (Respondent) Assessee By: Shri Ashik Shah Revenue By: Sri B. Sunil Kumar, Dr Date Of Hearing: 25/10/2021 Date Of Pronouncement: 21/01/2022 Order Per A. Mohan Alankamony, Am.:

house property. Likewise, the company may have income from other sources. The company may also, as in that case, keep the surplus funds in short-term deposits in order to earn interest. Such interest will be chargeable under section 56 of the Act. This court also emphasized the fact that the company was not bound to utilise the interest

SHARAD BADRIVISHAL PITTI, HYDERABAD,HYDERABAD vs. DCIT, CIRCLE-16(3), HYDERABAD, HYDERABAD

In the result, assessee’s appeal is allowed

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahshri Sharad Badrivishal Pitti Vs Dy. Commissioner Of Income Hyderabad Tax, Circle 16(3) Pan: Adfp2418K Hyderabad (Appellant) (Respondent)

House Property” in the hands of each of the co- owners in the ratio of their holding and no depreciation

M/S M.S.LUVISH INFOWAY PROJECTS (P) LIMITED,MUMBAI vs. ASST.COMMISSIONER OF INCOME TAX, CIRCLE-16(2), HYDERABAD

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

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Year: 2009-10 M/S M.S. Luvish Infoway Vs. Asst. Commissioner Of Projects (P) Ltd., Mumbai Income-Tax, Circle – 16(2), Hyderabad. Pan – Aabcl0755F (Appellant) (Respondent)

depreciation and other expenses. In the opinion of the AO, it should be assessed under the head ‘income from house property

KARTHIK KUMAR KYATHAM,NIZAMABAD vs. ITO, WARD-1, ADILABAD

Bench: Shri Vijay Pal Rao & Shri Manjunatha G.आ.अपी.सं / Ita No.1658/Hyd/2025

property in the FY 2019-20 for this I have taken Home loan from the bank worth of Rs.2500000 and I have claiming home loan interest and principal amount as deduction in my IT returns. I am working as a employee in private organisation since financial year 2017-18 and i have some savings so that i have planned

BBR PROJECTS PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

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

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

depreciation on the assets also. This new ground is also dismissed by the learned CIT(A), consequent upon the decision taken in respect of the Page 2 of 8 issue of business income/income from house property

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

house property'. The assessee has relied on the CBDT circular no. 16/2017 dated 25.04.2017 which has clarified that the income from letting out of premises/developed space along with other facilities in an industrial park/SEZ which an undertaking has developed and operates or maintains an industrial park/SEZ notified in accordance with the scheme framed and notified by the government would

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

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha G, Hon’Bleआ.अपी.सं / Ita Nos.212 To 214/Hyd/2019 (निर्धारण वर्ष / Assessment Years: 2006-07, 2007-08 & 2008-09)

house property'. The assessee has relied on the CBDT circular no. 16/2017 dated 25.04.2017 which has clarified that the income from letting out of premises/developed space along with other facilities in an industrial park/SEZ which an undertaking has developed and operates or maintains an industrial park/SEZ notified in accordance with the scheme framed and notified by the government would

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

In the result, the appeal filed by the revenue is dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha G, Hon’Bleआ.अपी.सं / Ita Nos.212 To 214/Hyd/2019 (निर्धारण वर्ष / Assessment Years: 2006-07, 2007-08 & 2008-09)

house property'. The assessee has relied on the CBDT circular no. 16/2017 dated 25.04.2017 which has clarified that the income from letting out of premises/developed space along with other facilities in an industrial park/SEZ which an undertaking has developed and operates or maintains an industrial park/SEZ notified in accordance with the scheme framed and notified by the government would

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

house property’. The assessee has relied on the CBDT circular no. 16/2017 dated 25.04.2017 which has clarified that the income from letting out of premises/developed space along with other facilities in an industrial park/SEZ which an undertaking has developed and operates or maintains an industrial park/SEZ notified in accordance with the scheme framed and notified by the government would

UNILOIDS BIOSCIENCES PRIVATE LIMITED,HYDERABAD vs. INCOME TAX OFFICER, WARD-17(3), HYDERABAD

Accordingly, the appeal of assessee is allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

house property rejecting the claim of the assesse that the same constitute income from business and therefore, the addition ought to have been deleted. 4. The Hon'ble CIT(A) ought to have observed that the assessing officer erred in treating the lease rental income of the plant and machinery as income from other sources rejecting the claim