ASST. COMMISSIONER OF INCOME TAX, CIRCLE-10(1), HYDERABAD vs. VERTEX PROJECTS LLP (FORMERLY M/S VERTEX PROJECTS LTD) , HYDERABAD

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

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarassessment Year: 2014-15 Acit,Circle-10(1) Vs. Vertex Projects Llp Room No.515, 5Th Floor, (Formerly M/S.Vertex A-Block, I.T.Towers, Projects Ltd.) A.C.Guards, #156-159, Paigah House Hyderabad. S.P.Road, Next To Pg College. Secunderabad-500 026. Pan : Aanfv0232C (Appellant) (Respondent) Assessee By: Shri Sriram Seshadri, Ca Revenue By: Shri Rajendra Kumar,Cit-Dr Date Of Hearing: 15.03.2023 Date Of Pronouncement: 28.04.2023 O R D E R Per Shri Laliet Kumar, J.M. This Is An Appeal Filed By The Revenue, Feeling Aggrieved By The Order Passed By The Learned Commissioner Of Income Tax (Appeals)-5, Dated 16.03.2018 For The Ay 2014-15, On The Following Grounds :

249,590/- and addition of Rs.5,14,80,879/- under section 56(2)(viia) of the Act, the ld.CIT(A) had held at pages 58 to 65 as under : The facts of the case are that 11 companies amalgamated with the appellant vide the order of High Court dated 10.10.2013 w.e.f 01.04.2011. The amalgamating companies had identical shareholders and shareholding

COUNTRY CLUB HOSPITALITY & HOLIDAYS LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

In the result, the appeal filed by the assessee is partly allowed

depreciation and allowances are dealt with in Section 32. Therefore, Parliament has used the expression "any expenditure" in Section 37 to cover both. Therefore, the expression "expenditure" as used in Section 37 may, in the circumstances of a particular case, cover an amount which is really a "loss" even though the said amount has not gone out from the pocket

VISWABHARATI MUTUALLY AIDED CO- OPERATIVE CREDIT SOCIETY LIMITED,HYDERABAD vs. ITO, WARD-4(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

Depreciation). 5.1. Initially, assessee Society was allotted a PAN No. AAGFV4998Q with the status "Partnership Firm", later it came to know that as it is a Mutually Aided Co-operative Society, it requires to take Income Tax Number as an "Association of Persons". Accordingly, a fresh application was made and PAN No. AAEAT8748F was allotted. As per the statements

VISWABHARATI MUTUALLY AIDED CO- OPERATIVE CREDIT SOCIETY LIMITED,HYDERABAD vs. ITO WARD-4(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

Depreciation). 5.1. Initially, assessee Society was allotted a PAN No. AAGFV4998Q with the status "Partnership Firm", later it came to know that as it is a Mutually Aided Co-operative Society, it requires to take Income Tax Number as an "Association of Persons". Accordingly, a fresh application was made and PAN No. AAEAT8748F was allotted. As per the statements

ITO WARD-4(3), HYDERABAD vs. VISWABHARATI MUTUALLY AIDED CO- OPERATIVE CREDIT SOCIETY LIMITED, HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

Depreciation). 5.1. Initially, assessee Society was allotted a PAN No. AAGFV4998Q with the status "Partnership Firm", later it came to know that as it is a Mutually Aided Co-operative Society, it requires to take Income Tax Number as an "Association of Persons". Accordingly, a fresh application was made and PAN No. AAEAT8748F was allotted. As per the statements

VISWABHARATI MUTUALLY AIDED CO- OPERATIVE CREDIT SOCIETY LIMITED,HYDERABAD vs. ITO WARD-4(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

Depreciation). 5.1. Initially, assessee Society was allotted a PAN No. AAGFV4998Q with the status "Partnership Firm", later it came to know that as it is a Mutually Aided Co-operative Society, it requires to take Income Tax Number as an "Association of Persons". Accordingly, a fresh application was made and PAN No. AAEAT8748F was allotted. As per the statements

VISWABHARATI MUTUALLY AIDED CO- OPERATIVE CREDIT SOCIETY LIMITED,HYDERABAD vs. ITO WARD-4(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

Depreciation). 5.1. Initially, assessee Society was allotted a PAN No. AAGFV4998Q with the status "Partnership Firm", later it came to know that as it is a Mutually Aided Co-operative Society, it requires to take Income Tax Number as an "Association of Persons". Accordingly, a fresh application was made and PAN No. AAEAT8748F was allotted. As per the statements

KRANTI EDUCATIONAL SOCIETY,HYDERABAD vs. INCOME TAX OFFICER, WARD - 5(1), HYDERABAD

In the result, appeals filed by the assessee for both the A

Bench: Shri Manjunatha, G.आ.अपी.सं /Ita Nos 645 & 646/Hyd/2024 (िनधा"रण वष"/Assessment Years: 2018-19 & 2019-20) Kranti Educational Society Vs. Income Tax Officer Hyderabad Ward-1 Pan:Aaaak6913B Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri P.Vinod, Advocate राज" व "ारा/Revenue By:: Shri V P Pavan Kumar, Dr सुनवाई की तारीख/Date Of Hearing: 18/07/2024 घोषणा की तारीख/Pronouncement: 18/07/2024 आदेश/Order

depreciation. 3. The assessee carried the matter in appeal before the first appellate authority and such appeals have been filed on 4.4.2022. The learned CIT (A) dismissed the appeals filed by the assessee for both the A.Ys on the ground that there is a delay in filing of the appeals which could not be explained by the assessee with necessary

KRANTI EDUCATIONAL SOCIETY,HYDERABAD vs. INCOME TAX OFFICER, WARD-5(1), HYDERABAD

In the result, appeals filed by the assessee for both the A

Bench: Shri Manjunatha, G.आ.अपी.सं /Ita Nos 645 & 646/Hyd/2024 (िनधा"रण वष"/Assessment Years: 2018-19 & 2019-20) Kranti Educational Society Vs. Income Tax Officer Hyderabad Ward-1 Pan:Aaaak6913B Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri P.Vinod, Advocate राज" व "ारा/Revenue By:: Shri V P Pavan Kumar, Dr सुनवाई की तारीख/Date Of Hearing: 18/07/2024 घोषणा की तारीख/Pronouncement: 18/07/2024 आदेश/Order

depreciation. 3. The assessee carried the matter in appeal before the first appellate authority and such appeals have been filed on 4.4.2022. The learned CIT (A) dismissed the appeals filed by the assessee for both the A.Ys on the ground that there is a delay in filing of the appeals which could not be explained by the assessee with necessary

PINKI FRESH FOODS LIMITED,CHITTOOR vs. ITO., WARD-1, CHITTOOR

Bench: Us :

depreciation of Rs. 83,54,180 while computing the impugned tax demand of Rs. 6,80,57,929, hence the same shall qualify for deletion. 7. The learned CIT(A) erred in law and on facts by upholding the order of the learned assessing officer by not giving credit to the TDS related to the disputed Assessment Year while computing

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