HINDUPUR BIO-ENERGY PRIVATE LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD

In the result, the appeal of the assessee is dismissed, and the appeal of Revenue is allowed

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2011-12 Hindupur Bio-Energy Vs. The Deputy Commissioner Private Limited, Of Income Tax, Hyderabad. Circle 2(2), Hyderabad. Pan : Aabch0124J. (Appellant) (Respondent / Cross-Appellant) Assessment Year: 2011-12 The Deputy Commissioner Hindupur Bio-Energy Of Income Tax, Private Limited, Circle 2(2), Hyderabad. Hyderabad. Pan : Aabch0124J. (Appellant) (Respondent / Cross-Appellant) Assessee By: Shri M. Chandramouleswara Rao, C.A. Revenue By: Shri L.V. Bhaskara Reddy, Cit-Dr Date Of Hearing: 11.12.2023 Date Of Pronouncement: 21.12.2023

penalty is correctly levied. In a recent case of Sundaram Finance Ltd (259 Taxman 220 (SC)), the Hon'ble Supreme Court dismissed SLP against High Court ruling that where assessee claimed depreciation

DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(1), HYDERABAD vs. UNION BANK OF INDIA, HYDERABAD

In the result, the appeal of revenue is partly allowed for statistical\npurposes

depreciation on\ninvestments and Rs.10 lakhs towards penalty. Accordingly, the Ld. AO assessed\nthe total income at Rs.3764,77,47,070/-.\n03. Aggrieved

UNION BANK OF INDIA (ERSTWHILE-ANDHRA BANK),MUMBAI vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(1), HYDERABAD

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

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

depreciation on investments and Rs.10 lakhs towards penalty. Accordingly, the Ld. AO assessed the total income at Rs.3764,77,47,070/-. 03. Aggrieved

ANDHRA PRADESH POWER GENERATION CORPORATION LIMITED, HYDERABAD,HYDERABAD vs. DCIT, CIRCLE-1(1), HYDERABAD, HYDERABAD

Appeals are partly allowed for statistical purposes therefore

Bench: Shri S.S. Godara & Shri Laxmi Prasad Sahu

depreciation liable under the Act. Since these are penalties in nature they are to be treated as other revenue recognized

DCIT, CIRCLE-1(1), , HYDERABAD vs. ANDHRA PRADESH POWER GENERATION CORPORATION LIMITED,, HYDERABAD

Appeals are partly allowed for statistical purposes therefore

Bench: Shri S.S. Godara & Shri Laxmi Prasad Sahu

depreciation liable under the Act. Since these are penalties in nature they are to be treated as other revenue recognized

DCIT, CIRCLE-1(1), HYDERABAD vs. ANDHRA PRADESH POWER GENERATION CORPORATION LIMITED,, HYDERABAD

Appeals are partly allowed for statistical purposes therefore

Bench: Shri S.S. Godara & Shri Laxmi Prasad Sahu

depreciation liable under the Act. Since these are penalties in nature they are to be treated as other revenue recognized

DCIT, CIRCLE-1(1), , HYDERABAD vs. ANDHRA PRADESH POWER GENERATION CORPORATION LIMITED,, HYDERABAD

Appeals are partly allowed for statistical purposes therefore

Bench: Shri S.S. Godara & Shri Laxmi Prasad Sahu

depreciation liable under the Act. Since these are penalties in nature they are to be treated as other revenue recognized

NITEN KUMAR GOEL,SECUNDERABAD vs. INCOME TAX OFFICER, WARD-10(3), HYDERABAD

In the result, the appeal of assessee is allowed

Bench: Shri B. Ramakotaiah

penalty u/s. 271(1)(c) of the Income Tax Act [Act]. 2. Briefly stated, assessee had filed his return of income for the AY 2012-13 on 05-09-2012 wherein he had admitted a total income of Rs.2,55,890/- after claiming a set off of business loss of Rs.7,91,016/- and depreciation

TEK SYSTEMS GLOBAL SERVICES PRIVATE LIMITED,HYDERBAD vs. DCIT, CIRCLE-2(1), HYDERBAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Laliet Kumar & Shri Manjunatha G.आ.अपी.सं /Ita No.487/Hyd/2022 (निर्धारण वर्ा/Assessment Year: 2018-19) Tek Systems Global Vs. Dy. C. I. T. Services (P) Ltd, Circle 2(1) Hyderabad Hyderabad Pan:Aabcf1518Q (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Ms. K. Amulya, Ca रधजस् व द्वधरध/Revenue By:: Shri Jeevan Lal Lavidiya, Cit-Dr सुिवधई की तधरीख/Date Of Hearing: 29/05/2024 घोर्णध की तधरीख/Pronouncement: 05/07/2024 आदेश/Order

depreciation of Rs. 44,13,774/- was being disallowed. 5. Penalty proceedings u/s 270A are initiated for under reporting of income

KAMAL ENTERPRISES AND NEW LIFE HOSPITAL,HYDERABAD vs. DCIT, CIRCLE-9(1), HYDERABAD

In the result, appeal of the assessee is allowed

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

depreciation on business assets, learned Assessing Officer treated the income of the assessee as income from business and initiated penalty

PEGASYSTEMS WORLDWIDE INDIA PRIVATE LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(2), HYDERABAD

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

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

penalty and cannot be decided in this quantum appeal. In the circumstances, what remains to be adjudicated in this appeal is ground number 13 relating to the disallowance of depreciation

M/S VINSRI INFOTECH,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-9(1), HYDERABAD

In the result, assessee’s appeal is partly allowed and the revenue’s appeal is dismissed

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamonyblock Period: 1996-97 To 2001-2002 M/S Vinsri Infotech, Vs. Dy. Commissioner Of Hyderabad. Income-Tax, Circle – 9(1), Hyderabad. Pan – Aabfv6806E Appellant Respondent & Block Period: 1996-97 To 2001-2002 Dy. Commissioner Of Vs. M/S Vinsri Infotech, Income-Tax, Circle – Hyderabad. 9(1), Hyderabad Pan – Aabfv 6806 E Appellant Respondent Assessee By: Shri Y. Ratnakar Revenue By: Shri Sunku Srinivasu Date Of Hearing: 19/09/2019 Date Of Pronouncement: 04/12/2019 O R D E R Per P. Madhavi Devi, J.M.:

depreciation on the cost of books and levied a tax and interest thereon at Rs. l0,08,35,185/-. 6 I.T.A. Nos. 1891 & 2129/H/17 M/s Vinsri Infotech, Hyd. The assessing officer also initiated penalty

ASST. COMMISSIONER OF INCOME TAX, CIRCLE-9(1), HYDERABAD vs. VINSRI INFOTECH, HYDERABAD

In the result, assessee’s appeal is partly allowed and the revenue’s appeal is dismissed

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamonyblock Period: 1996-97 To 2001-2002 M/S Vinsri Infotech, Vs. Dy. Commissioner Of Hyderabad. Income-Tax, Circle – 9(1), Hyderabad. Pan – Aabfv6806E Appellant Respondent & Block Period: 1996-97 To 2001-2002 Dy. Commissioner Of Vs. M/S Vinsri Infotech, Income-Tax, Circle – Hyderabad. 9(1), Hyderabad Pan – Aabfv 6806 E Appellant Respondent Assessee By: Shri Y. Ratnakar Revenue By: Shri Sunku Srinivasu Date Of Hearing: 19/09/2019 Date Of Pronouncement: 04/12/2019 O R D E R Per P. Madhavi Devi, J.M.:

depreciation on the cost of books and levied a tax and interest thereon at Rs. l0,08,35,185/-. 6 I.T.A. Nos. 1891 & 2129/H/17 M/s Vinsri Infotech, Hyd. The assessing officer also initiated penalty

ALTIUX INNOVATIONS PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE- 1(1), HYDERABAD

In the result, all the appeals of the assessee are allowed for statistical purposes

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita Nos.1006 To 1008/Hyd/2024 (िनधा"रण वष"/Assessment Year: 2020-21) Altiux Innovations (P) Ltd Vs. Dy. Commissioner Of Hyderabad Income Tax, Circle 1(1) Pan: Aalca9069R Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri Sai Sarikonda, Ca राज" व "ारा/Revenue By:: Shri B Bala Krishna, Dr सुनवाई की तारीख/Date Of Hearing: 09/01/2025 घोषणा की तारीख/Pronouncement: 16/01/2025 आदेश/Order

depreciation on intangible assets. Accordingly, the impugned order of the learned CIT (A) is set aside and the matter in quantum appeal is remanded to the record of the Assessing Officer for fresh adjudication after giving one more opportunity to the assessee to produce all the relevant supporting evidences. 7. In the appeals against the penalty

ALTIUX INNOVATIONS PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE-1 (1), HYDERABAD

In the result, all the appeals of the assessee are allowed for statistical purposes

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita Nos.1006 To 1008/Hyd/2024 (िनधा"रण वष"/Assessment Year: 2020-21) Altiux Innovations (P) Ltd Vs. Dy. Commissioner Of Hyderabad Income Tax, Circle 1(1) Pan: Aalca9069R Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri Sai Sarikonda, Ca राज" व "ारा/Revenue By:: Shri B Bala Krishna, Dr सुनवाई की तारीख/Date Of Hearing: 09/01/2025 घोषणा की तारीख/Pronouncement: 16/01/2025 आदेश/Order

depreciation on intangible assets. Accordingly, the impugned order of the learned CIT (A) is set aside and the matter in quantum appeal is remanded to the record of the Assessing Officer for fresh adjudication after giving one more opportunity to the assessee to produce all the relevant supporting evidences. 7. In the appeals against the penalty

ALTIUX INNOVATIONS PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

In the result, all the appeals of the assessee are allowed for statistical purposes

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita Nos.1006 To 1008/Hyd/2024 (िनधा"रण वष"/Assessment Year: 2020-21) Altiux Innovations (P) Ltd Vs. Dy. Commissioner Of Hyderabad Income Tax, Circle 1(1) Pan: Aalca9069R Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri Sai Sarikonda, Ca राज" व "ारा/Revenue By:: Shri B Bala Krishna, Dr सुनवाई की तारीख/Date Of Hearing: 09/01/2025 घोषणा की तारीख/Pronouncement: 16/01/2025 आदेश/Order

depreciation on intangible assets. Accordingly, the impugned order of the learned CIT (A) is set aside and the matter in quantum appeal is remanded to the record of the Assessing Officer for fresh adjudication after giving one more opportunity to the assessee to produce all the relevant supporting evidences. 7. In the appeals against the penalty

REPAL GREEN POWER PRIVATE LIMITED,HYDERABAD vs. DCIT, CIRCLE 8(1), HYDERABAD

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.125/Hyd/2022

depreciation disallowed in the previous year. Investment allowance under Section 32AD 8. On the facts and circumstances of the case and in law, the Id. AO, under the direction of the Hon'ble DRP, erred in not appreciating that the Appellant ought to be granted investment allowance as per Section 32AD of the Act. Initiation of penalty

MYLAN LABORATORIES LIMITED (FORMERLY KNOWN AS MATRIX LABORATORIES.,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-16(2), HYDERABAD

In the result, assessee’s appeal is also dismissed

Bench: Smt. P. Madhavi Devi & Shri S.Rifaur Rahmanm/S.Mylan Laboratories Ltd Vs Dy. Commissioner Of Income (Formerly Matrix Tax, Circle 16(2) Laboratories Ltd) Hyderabad Hyderabad Pan: Aadcm3491M (Appellant) (Respondent) Dy. Commissioner Of Vs M/S. Mylan Laboratories Ltd Income Tax, Circle (Formerly Matrix Laboratories Ltd) 16(2), Hyderabad Hyderabad Pan: Aadcm3491M (Appellant) (Respondent)

depreciation @ 24% amounting to Rs. 2,81,568/- on brought forward written down value of Rs·.11,26,271/- in respect of non-compete fee of Rs.40/- lakhs paid in A.Y. 2007-08 to Sudhir Vaid in relation to Concord Biotech Ltd. 4. The CIT(A) erred in not directing the AO to drop the penalty