BSCPL AURANG TOLLWAY LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

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

Bench: the Tribunal. The assessee has filed an affidavit explaining the reasons for the delay, wherein it was submitted that the appeal for the relevant assessment year was required to be filed within 60 days from the date of receipt of the order passed under Section 263 of the Income-tax Act, 1961. However, the

depreciation claimed on the cost of development of toll road in light of the provisions of Section 32(1)(ii) of the Act and, after 22 BSCPL Aurang Tollway Limited referring to various judicial precedents, including the decision of the Hon’ble Bombay High Court in the case of North Karnataka Expressway Limited Vs. CIT reported in 372 ITR 145

SKANDA BUILDERS,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

Sections 132(4A) and\n292C of the Income Tax Act create a rebuttable presumption that documents\nfound during a search belong to the assessee and are true. Courts have\nconsistently held that selective reliance on seized material is unjustified\nunless the contents are independently proved against the\n\nITA.Nos.514 to 539/Hyd./2025,\nAnd ITA.Nos.308 to 311/Hyd./2025

SRINATH REDDY NALLA ,HYDERABAD vs. INCOME TAX OFFICER, WARD-6(2), HYDERABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2013-14 Shri Srinath Reddy Nalla, Vs. Income Tax Officer, R/O.Hyderabad. Ward – 6(2), Pan : Aagpn8178E. Hyderabad (Appellant) (Respondent) Assessee By: Shri A. Srinivas, Ca Revenue By: Shri Kumar Aditya Date Of Hearing: 17/10/2022 Date Of Pronouncement: 18/10/2022 O R D E R Per Laliet Kumar, J.M This Appeal Filed By The Assessee Is Directed Against The Order Dated 29.03.2019 Passed By The Learned Commissioner Of Income Tax (Appeal) – 6, Hyderabad Relating To A.Y.2013-14. Ita 1233/Hyd/2019

section 145(3) of the Act. Page 3 of 12 ITA 1233/Hyd/2019 6. Per contra, the ld. DR had drawn our attention to the order passed by the ld.CIT(A) and also the order passed by the Assessing Officer. It was the case of the Revenue that despite various opportunities, the assessee failed to produce the sale bills and vouchers

MADHUCON PROJECTS LTD, HYDERABAD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-3, HYD, HYDERABAD

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

depreciation accordingly. Hence, this ground of appeal is partly allowed. 15. The assessee challenged the order passed under section 250 with reference to section 143(3) r.w.s. 263 of the Income Tax Act 1961 by the ld.CIT(A) dt.27.05.2011 before the ITAT. The grounds of appeal raised by the assessee in the appeal under section 250 with reference to section

MADHUCON PROJECTS LIMITED,HYDERABAD vs. DCIT., CENTRAL CIRCLE-3, HYDERABAD, HYDERABAD

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

depreciation accordingly. Hence, this ground of appeal is partly allowed. 15. The assessee challenged the order passed under section 250 with reference to section 143(3) r.w.s. 263 of the Income Tax Act 1961 by the ld.CIT(A) dt.27.05.2011 before the ITAT. The grounds of appeal raised by the assessee in the appeal under section 250 with reference to section

MADHUCON PROJECTS LIMITED,HYDERABAD vs. DCIT., CENTRAL CIRCLE-3, HYDERABAD, HYDERABAD

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

depreciation accordingly. Hence, this ground of appeal is partly allowed. 15. The assessee challenged the order passed under section 250 with reference to section 143(3) r.w.s. 263 of the Income Tax Act 1961 by the ld.CIT(A) dt.27.05.2011 before the ITAT. The grounds of appeal raised by the assessee in the appeal under section 250 with reference to section

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 by considering earlier years opening stock and closing balances. ITA Nos.193 & 316/Hyd/2019 4 5.1 The learned Commissioner of Income Tax (Appeals) failed to appreciate the fact that the investments of the appellant bank are stock in trade and the appellant bank is eligible to claim the loss arising out of the valuation of the stock at cost

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 by considering earlier years opening stock and closing balances.\n5.1 The learned Commissioner of Income Tax (Appeals) failed to appreciate the fact\nthat the investments of the appellant bank are stock in trade and the appellant bank\nis eligible to claim the loss arising out of the valuation of the stock at cost or market\nvalue whichever

TOUCH TONE TELESERVICES,HYDERABAD vs. ITO., WARD-4(1), HYDERABAD

Bench: Shri Manjunatha G. & Shri Ravish Soodआ.अपी.सं /Ita No. 987/Hyd/2025 (निर्धारण वर्ा/Assessment Year: 2017-18) Touch Tone Teleservices, Vs. Income Tax Officer, H. No. 3-6-550/4, 1St Floor, Ward-4(1), Street No.7, Himayatnagar, Hyderabad. Hyderabad. Pan: Aacft5196N (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Sri S. Rama Rao, Advocate रधजस् व द्वधरध/Revenue By: Sri Gurpreet Singh, Sr.Ar सुिवधई की तधरीख/Date Of Hearing: 16/10/2025 घोर्णध की तधरीख/Date Of 19/11/2025 Pronouncement: आदेश / Order Per. Ravish Sood, J.M: The Present Appeal Filed By The Assessee Firm Is Directed Against The Order Passed By The Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre, Delhi, Dated 27/02/2025, Which In Turn Arises From The Order Passed By The Assessing Officer Under Section 143(3) Of The Income Tax Act, 1961 (For Short, “The Act”), Dated 27/12/2019. The Assessee Firm Has Assailed The Impugned Order On The Following Grounds Of Appeal:

Section 145(3) of the Income- tax Act, 1961 without properly appreciating the facts and the submissions of the appellant. 3. The learned CIT(A) erred in law and on facts in estimating the appellant’s income at 8% of the gross receipts, which is arbitrary, excessive, and without any cogent basis. 4. The learned CIT(A) grossly erred

VIRCHOW PETROCHEMICAL PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-8(1), HYDERABAD

section 143(3) of the Act, dated 11/12/2018, had not looked into\nthe assessee's claim for depreciation/additional depreciation on solar\npower plant and thus, not formed any opinion on the said claim,\ntherefore, there can be no issue of any change of opinion by the\nsuccessor AO on the said issue on which no opinion was earlier formed.\nThe

BILWA INFRASTRUCTURE LIMITED,HYDERABAD vs. ITO., WARD-1(1), HYDERABAD

In the result, the appeal filed by the assessee company is allowed in terms of our aforesaid observations

Bench: SHRI RAVISH SOOD, HON'BLE (Judicial Member), SHRI MADHUSUDAN SAWDIA HON'BLE (Accountant Member)

145 is not correct and bad-in- law. 16. The Ld. GIT (A) erred in upholding that the Ld. AO estimating the income of the assessee at an Ad hoc percentage of 8% of turnover is 3 Bilwa Infrastructure Limited vs. ITO un-reasonable and not based on comparative results in the similar line of business

ACIT., CIRCLE-5(1), HYDERABAD vs. PENNA CEMENT INDUSTRIES LIMITED, HYDERABAD

145 & 482/Hyd/2022, dated 16/08/2023, wherein it has been held that there is no blanket prohibition under the Income-tax Act against allowing deduction under section 80G in respect of CSR-related donations, except in cases specifically barred under section 80G(2)(iiihk) and section 80G(2)(iiihl). For the sake of clarity, we deem it apposite to cull

ACIT., CIRCLE-5(1), HYDERABAD vs. PENNA CEMENT INDUSTRIES LIMITED, HYDERABAD

145 & 482/Hyd/2022, dated\n16/08/2023, wherein it has been held that there is no blanket prohibition\nunder the Income-tax Act against allowing deduction under section 80G\nin respect of CSR-related donations, except in cases specifically barred\nunder section 80G(2)(iiihk) and section 80G(2)(iiihl). For the sake of\nclarity, we deem it apposite to cull

INCOME TAX OFFICER, WARD-1, KHAMMAM vs. VARALAKHSMI CONSTRUCTIONS, KHAMMAM

In the result, both the appeal filed by the revenue are dismissed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdiaआ.अपी.सं /Ita Nos.303 & 304/Hyd/2024 (िनधा"रण वष"/Assessment Years: 2014-15 & 2016-17) Income Tax Officer Vs. Varalakshmi Ward-1 Constructions Khammam Khammam Pan:Aagfv0744C (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri P Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Shri B Bala Krishna, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 23/01/2025 घोषणा की तारीख/Pronouncement: 04/02/2025 आदेश/Order Per Vijay Pal Raothese Two Appeals Filed By The Revenue Are Directed Against The Separate Orders Of The Learned Cit (A) Nfac Delhi Both Dated 22/01/2024 For The A.Ys 2014-15 & 2016-17 Respectively. The Revenue Has Raised Identical Grounds Of Appeal For These A.Ys. The Grounds Raised By The Revenue For The A.Y 2014-15 Are As Under:

145 of the Act and to estimate the income of the assessee-firm @ 8% on gross contract receipts as per the provisions of section 44AD of I. T. Act, 1961. After taking into consideration all the material facts and circumstances of the case, the income of the assessee-firm is estimated @ 8% on gross contract receipts clear of depreciation

INCOME TAX OFFICER, WARD 1, KHAMMAM vs. VARALAKSHMI CONSTRUCTIONS, KHAMMAM

In the result, both the appeal filed by the revenue are dismissed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdiaआ.अपी.सं /Ita Nos.303 & 304/Hyd/2024 (िनधा"रण वष"/Assessment Years: 2014-15 & 2016-17) Income Tax Officer Vs. Varalakshmi Ward-1 Constructions Khammam Khammam Pan:Aagfv0744C (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri P Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Shri B Bala Krishna, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 23/01/2025 घोषणा की तारीख/Pronouncement: 04/02/2025 आदेश/Order Per Vijay Pal Raothese Two Appeals Filed By The Revenue Are Directed Against The Separate Orders Of The Learned Cit (A) Nfac Delhi Both Dated 22/01/2024 For The A.Ys 2014-15 & 2016-17 Respectively. The Revenue Has Raised Identical Grounds Of Appeal For These A.Ys. The Grounds Raised By The Revenue For The A.Y 2014-15 Are As Under:

145 of the Act and to estimate the income of the assessee-firm @ 8% on gross contract receipts as per the provisions of section 44AD of I. T. Act, 1961. After taking into consideration all the material facts and circumstances of the case, the income of the assessee-firm is estimated @ 8% on gross contract receipts clear of depreciation

LANCO ENTERPRISE PRIVATE LIMITED ,GURGAON vs. DCIT, CIRCLE-5(1), HYDERABAD (ERSTWHILE DCIT, CIRCLE-16(1)), HYDERABAD ,, HYDERABAD

In the result, ITA Nos. 236 & 237/Hyd/2023 are allowed for statistical purposes and ITA No

Bench: Shri R.K. Panda, Vice- & Shri K. Narasimha Chary

section 14A r.w. rule 8D, the Assessing Officer made disallowance of Rs.1,29,522/-. 4. Similarly, on account of non-furnishing of details for addition to fixed assets, the Assessing Officer disallowed depreciation on Car claimed at Rs.4,63,725/-, A.C at Rs.20,815/- and Life Fitness Home Use X8 at Rs.48,093/-. He also disallowed ROC fee expenses

LANCO ENTERPRISE PRIVATE LIMITED,GURGAON vs. DCIT, CIRCLE-5(1), HYDERABAD (ERSTWHILE DCIT, CIRCLE-16(1), HYDERABAD, HYDERABAD

In the result, ITA Nos. 236 & 237/Hyd/2023 are allowed for statistical purposes and ITA No

Bench: Shri R.K. Panda, Vice- & Shri K. Narasimha Chary

section 14A r.w. rule 8D, the Assessing Officer made disallowance of Rs.1,29,522/-. 4. Similarly, on account of non-furnishing of details for addition to fixed assets, the Assessing Officer disallowed depreciation on Car claimed at Rs.4,63,725/-, A.C at Rs.20,815/- and Life Fitness Home Use X8 at Rs.48,093/-. He also disallowed ROC fee expenses

LANCO ENTERPRISE PRIVATE LIMITED,GURGAON vs. DCIT, CIRCLE-5(1), HYDERABAD (ERSTWHILE DCIT, CIRCLE-16(1)), HYDERABAD ,, HYDERABAD

In the result, ITA Nos. 236 & 237/Hyd/2023 are allowed for statistical purposes and ITA No

Bench: Shri R.K. Panda, Vice- & Shri K. Narasimha Chary

section 14A r.w. rule 8D, the Assessing Officer made disallowance of Rs.1,29,522/-. 4. Similarly, on account of non-furnishing of details for addition to fixed assets, the Assessing Officer disallowed depreciation on Car claimed at Rs.4,63,725/-, A.C at Rs.20,815/- and Life Fitness Home Use X8 at Rs.48,093/-. He also disallowed ROC fee expenses