MOKAMA MUNGER HIGHWAY LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(2), HYDERABAD

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

Bench: Smt. P. Madhavi Devi & Shri S.Rifaur Rahman

26. As per section 32(1)(ii) depreciation is allowable on intangible assets like licenses, franchises or any other business or similar commercial rights of similar nature. The relevant part of the section for the sake of convenience is reproduced as under: "Depreciation. 32. (1) [In respect of depreciation of - (i) buildings, machinery, plant or furniture, being tangible assets

MOKAMA MUNGER HIGHWAY LIMITED,HYDERABAD vs. INCOME TAX OFFICER, WARD-16(4), HYDERABAD

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

Bench: Smt. P. Madhavi Devi & Shri S.Rifaur Rahman

26. As per section 32(1)(ii) depreciation is allowable on intangible assets like licenses, franchises or any other business or similar commercial rights of similar nature. The relevant part of the section for the sake of convenience is reproduced as under: "Depreciation. 32. (1) [In respect of depreciation of - (i) buildings, machinery, plant or furniture, being tangible assets

MOKAMA MUNGER HIGHWAY LIMITED ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-16(2), HYDERABAD

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

Bench: Smt. P. Madhavi Devi & Shri S.Rifaur Rahman

26. As per section 32(1)(ii) depreciation is allowable on intangible assets like licenses, franchises or any other business or similar commercial rights of similar nature. The relevant part of the section for the sake of convenience is reproduced as under: "Depreciation. 32. (1) [In respect of depreciation of - (i) buildings, machinery, plant or furniture, being tangible assets

DCIT, CENTRAL CIRCLE-2(1), HYD, HYDERABAD vs. ANNAPURNA BUSINESS SOLUTIONS, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

26 I.T.A. Nos.831/H/2015 to 836/H/2015 and 298/Viz/2016 I.T.A.Nos.864/H/2015 to 869/H/2015 and 334/Viz/2016. M/s Annapurna Business Solutions, Hyderabad Ld.DR taking our attention to various correspondences, the agreements and the salary payments made to various employees of the ABS, submitted that the assessee is engaged in the manpower recruitment, but not software. Though the assessee stated that the VLS IT, India

DCIT, CENTRAL CIRCLE-2(1), HYD, HYDERABAD vs. ANNAPURNA BUSINESS SOLUTIONS, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

26 I.T.A. Nos.831/H/2015 to 836/H/2015 and 298/Viz/2016 I.T.A.Nos.864/H/2015 to 869/H/2015 and 334/Viz/2016. M/s Annapurna Business Solutions, Hyderabad Ld.DR taking our attention to various correspondences, the agreements and the salary payments made to various employees of the ABS, submitted that the assessee is engaged in the manpower recruitment, but not software. Though the assessee stated that the VLS IT, India

ANNAPURNA BUSINESS SOLUTIONS, HYD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-3, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

26 I.T.A. Nos.831/H/2015 to 836/H/2015 and 298/Viz/2016 I.T.A.Nos.864/H/2015 to 869/H/2015 and 334/Viz/2016. M/s Annapurna Business Solutions, Hyderabad Ld.DR taking our attention to various correspondences, the agreements and the salary payments made to various employees of the ABS, submitted that the assessee is engaged in the manpower recruitment, but not software. Though the assessee stated that the VLS IT, India

DCIT, CENTRAL CIRCLE-2(1), HYD, HYDERABAD vs. ANNAPURNA BUSINESS SOLUTIONS, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

26 I.T.A. Nos.831/H/2015 to 836/H/2015 and 298/Viz/2016 I.T.A.Nos.864/H/2015 to 869/H/2015 and 334/Viz/2016. M/s Annapurna Business Solutions, Hyderabad Ld.DR taking our attention to various correspondences, the agreements and the salary payments made to various employees of the ABS, submitted that the assessee is engaged in the manpower recruitment, but not software. Though the assessee stated that the VLS IT, India

DCIT, CENTRAL CIRCLE-2(1), HYD, HYDERABAD vs. ANNAPURNA BUSINESS SOLUTIONS, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

26 I.T.A. Nos.831/H/2015 to 836/H/2015 and 298/Viz/2016 I.T.A.Nos.864/H/2015 to 869/H/2015 and 334/Viz/2016. M/s Annapurna Business Solutions, Hyderabad Ld.DR taking our attention to various correspondences, the agreements and the salary payments made to various employees of the ABS, submitted that the assessee is engaged in the manpower recruitment, but not software. Though the assessee stated that the VLS IT, India

DCIT, CENTRAL CIRCLE-2(1), HYD, HYDERABAD vs. ANNAPURNA BUSINESS SOLUTIONS, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

26 I.T.A. Nos.831/H/2015 to 836/H/2015 and 298/Viz/2016 I.T.A.Nos.864/H/2015 to 869/H/2015 and 334/Viz/2016. M/s Annapurna Business Solutions, Hyderabad Ld.DR taking our attention to various correspondences, the agreements and the salary payments made to various employees of the ABS, submitted that the assessee is engaged in the manpower recruitment, but not software. Though the assessee stated that the VLS IT, India

ANNAPURNA BUSINESS SOLUTIONS, HYD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-3, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

26 I.T.A. Nos.831/H/2015 to 836/H/2015 and 298/Viz/2016 I.T.A.Nos.864/H/2015 to 869/H/2015 and 334/Viz/2016. M/s Annapurna Business Solutions, Hyderabad Ld.DR taking our attention to various correspondences, the agreements and the salary payments made to various employees of the ABS, submitted that the assessee is engaged in the manpower recruitment, but not software. Though the assessee stated that the VLS IT, India

ANNAPURNA BUSINESS SOLUTIONS, HYD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-3, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

26 I.T.A. Nos.831/H/2015 to 836/H/2015 and 298/Viz/2016 I.T.A.Nos.864/H/2015 to 869/H/2015 and 334/Viz/2016. M/s Annapurna Business Solutions, Hyderabad Ld.DR taking our attention to various correspondences, the agreements and the salary payments made to various employees of the ABS, submitted that the assessee is engaged in the manpower recruitment, but not software. Though the assessee stated that the VLS IT, India

ANNAPURNA BUSINESS SOLUTIONS, HYD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-3, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

26 I.T.A. Nos.831/H/2015 to 836/H/2015 and 298/Viz/2016 I.T.A.Nos.864/H/2015 to 869/H/2015 and 334/Viz/2016. M/s Annapurna Business Solutions, Hyderabad Ld.DR taking our attention to various correspondences, the agreements and the salary payments made to various employees of the ABS, submitted that the assessee is engaged in the manpower recruitment, but not software. Though the assessee stated that the VLS IT, India

ANNAPURNA BUSINESS SOLUTIONS, HYD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-3, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

26 I.T.A. Nos.831/H/2015 to 836/H/2015 and 298/Viz/2016 I.T.A.Nos.864/H/2015 to 869/H/2015 and 334/Viz/2016. M/s Annapurna Business Solutions, Hyderabad Ld.DR taking our attention to various correspondences, the agreements and the salary payments made to various employees of the ABS, submitted that the assessee is engaged in the manpower recruitment, but not software. Though the assessee stated that the VLS IT, India

DCIT, CENTRAL CIRCLE-2(1), HYD, HYDERABAD vs. ANNAPURNA BUSINESS SOLUTIONS, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

26 I.T.A. Nos.831/H/2015 to 836/H/2015 and 298/Viz/2016 I.T.A.Nos.864/H/2015 to 869/H/2015 and 334/Viz/2016. M/s Annapurna Business Solutions, Hyderabad Ld.DR taking our attention to various correspondences, the agreements and the salary payments made to various employees of the ABS, submitted that the assessee is engaged in the manpower recruitment, but not software. Though the assessee stated that the VLS IT, India

ANNAPURNA BUSINESS SOLUTIONS, HYD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-3, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

26 I.T.A. Nos.831/H/2015 to 836/H/2015 and 298/Viz/2016 I.T.A.Nos.864/H/2015 to 869/H/2015 and 334/Viz/2016. M/s Annapurna Business Solutions, Hyderabad Ld.DR taking our attention to various correspondences, the agreements and the salary payments made to various employees of the ABS, submitted that the assessee is engaged in the manpower recruitment, but not software. Though the assessee stated that the VLS IT, India

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

10. On the facts and circumstances of the case and in law, the Id. AO erred in computing the tax payable, the interest under Section 2348 and Section 234D of the Act while calculating the Appellant's payable demand. Initiation of penalty under Section 270A 11. On the facts and circumstances of the case

REPAL GREEN POWER PRIVATE LIMITED,HYDERABAD vs. DCIT CIRCLE -3(1), HYDERABAD

In the result, both the appeals of the Assessee are allowed

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.125/Hyd/2022 Assessment Year 2017-2018 Repal Green Power Private Limited, The Dcit, Circle-8(1), Vs. Hyderabad. Hyderabad – 500 081 Pan Aahcr2187F (Appellant) (Respondent) आ.अपी.सं /Ita No.474/Hyd/2022 Assessment Year 2018-2019 Repal Green Power Private Limited, The Dcit, Circle-3(1), Vs. Hyderabad. Hyderabad – 500 081 Pan Aahcr2187F (Appellant) (Respondent) िनधा"रती "ारा /Assessee By: Sri Harsh R Shah, Advocate & Ca Karan Jain राज" व "ारा /Revenue By: Ms U Mini Chandran, Cit-Dr

10. On the facts and circumstances of the case and in law, the Id. AO erred in computing the tax payable, the interest under Section 2348 and Section 234D of the Act while calculating the Appellant's payable demand. Initiation of penalty under Section 270A 11. On the facts and circumstances of the case

YERRAM VENKATA SUBBA REDDY ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-14(1), HYDERABAD

In the result assessee’s appeal is partly allowed

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

26,990/-. Therefore, she was of the opinion that the unabsorbed depreciation claimed by the assessee and allowed by the AO needs to be withdrawn. In response to the show-cause letter issued by the Pr.CIT, the assessee submitted that the firm M/s Swarna Properties was originally formed as partnership firm by a partnership deed dated 07.09.1995 with five partners