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

In the result, both the appeals of the Assessee are\nallowed

depreciation under Section 32(ia), without revising the\nopening WDV of plant and machinery on account of the amount of\ndepreciation disallowed in the previous year.\nInvestment allowance under Section 32AD\n8. On the facts and circumstances of the case and in law, the Id. AO,\nunder the direction of the Hon'ble DRP, erred in not appreciating\nthat

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

depreciation disallowed in the previous year. 7 ITA.Nos.125 & 474/Hyd./2022 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

INVESCO(INDIA) PRIVATE LIMITED,HYDERABAD vs. DCIT, CIRCLE -2 (1), HYDERABAD

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

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

depreciation of INR 35,30,75,403 under section 32 of the Act in respect of goodwill arising on amalgamation

ACIT, CIRCLE-2(1), HYDERABAD vs. HINDUJA NATIONAL POWER CORPORATION LIMITED, HYDERABAD

In the result, the appeal of Revenue is allowed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Bleआ.अपी.सं / Ita No.235/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2016-17) The Assistant M/S. Hinduja National Power Commissioner Of Income Vs. Corporation Ltd. Tax, Circle 2(1), Hyderabad. Hyderabad. Pan : Aabch2426D अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent निर्धाररती द्वधरध/Assessee By: Shri K. A. Sai Prasad, C.A. रधजस्‍व द्वधरध/Revenue By: Shri B. Bala Krishna, Cit-Dr.

30-11-2016, declaring a loss of ₹1751.67 crore, later revised on 16-03-2018. The case was selected for scrutiny under CASS to examine large refund claims, significant international transactions, low income compared to high loans/investments, and capital gains on property sales. 3 Hinduja National Power Corporation Ltd. Notices under sections

VITP PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE8(1), HYDERABAD

section 32 shall be deemed\nto be depreciation 'actually allowed'.\"\n10.\nFrom the reading of Explanation 2A extracted above, it is\npatently clear that the written down value of the transferred capital\nasset to the amalgamated company would be the same as it would\nhave been if the amalgamating company continue to hold the capital\nasset for the purpose

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

30 days in filing the present appeal before 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

MANJU DUDALA,HYDERABAD. vs. INCOME TAX OFFICER, WARD-11(3), HYDERABAD.

In the result, appeal ITA

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

Section 32. Those decisions were based on the ruling of the Supreme Court in CIT v. B.C. Srinivasa Setty 1981 (128) ITR 294 (SC) and subsequent cases which have ruled that goodwill is a depreciable capital asset. So far as the decisions in Techno Shares & Stocks Ltd. (supra) is concerned, the Supreme Court clearly limited its holding that the right

DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD vs. GURUVAYOOR INFRASTRUCTURE PRIVATE LIMITED, HYDERABAD

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

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

depreciation/ amortization claimed amounting to Guruvayoor Infrastructure Pvt. Ltd., Hyd. Rs.135,77,84,054/- and thereby the AO determined a loss of Rs.31,,30,62,327/-. 5. When the assessee preferred an appeal before the CIT(A), he deleted the disallowances made by the AO. 6. Aggrieved by the order of the CIT(A), the revenue is in appeal before

DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD vs. GURUVAYOOR INFRASTRUCTURE PRIVAT LIMITED, HYDERABAD

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

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

depreciation/ amortization claimed amounting to Guruvayoor Infrastructure Pvt. Ltd., Hyd. Rs.135,77,84,054/- and thereby the AO determined a loss of Rs.31,,30,62,327/-. 5. When the assessee preferred an appeal before the CIT(A), he deleted the disallowances made by the AO. 6. Aggrieved by the order of the CIT(A), the revenue is in appeal before

DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD vs. GURUVAYOOR INFRASTRUCTURE PRIVATE LIMITED, HYDERABAD

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

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

depreciation/ amortization claimed amounting to Guruvayoor Infrastructure Pvt. Ltd., Hyd. Rs.135,77,84,054/- and thereby the AO determined a loss of Rs.31,,30,62,327/-. 5. When the assessee preferred an appeal before the CIT(A), he deleted the disallowances made by the AO. 6. Aggrieved by the order of the CIT(A), the revenue is in appeal before

DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD vs. GURUVAYOOR INFRASTRUCTURE PRIVATE LIMITED , HYDERABAD

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

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

depreciation/ amortization claimed amounting to Guruvayoor Infrastructure Pvt. Ltd., Hyd. Rs.135,77,84,054/- and thereby the AO determined a loss of Rs.31,,30,62,327/-. 5. When the assessee preferred an appeal before the CIT(A), he deleted the disallowances made by the AO. 6. Aggrieved by the order of the CIT(A), the revenue is in appeal before

DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD vs. GURUVAYOOR INFRASTRUCTURE PRIVATE LIMITED , HYDERABAD

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

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

depreciation/ amortization claimed amounting to Guruvayoor Infrastructure Pvt. Ltd., Hyd. Rs.135,77,84,054/- and thereby the AO determined a loss of Rs.31,,30,62,327/-. 5. When the assessee preferred an appeal before the CIT(A), he deleted the disallowances made by the AO. 6. Aggrieved by the order of the CIT(A), the revenue is in appeal before

DCIT., CIRCLE 8(1), HYDERABAD vs. EAST INDIA PETROLEUM LIMITED, HYDERABAD

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Manjunatha G. & Shri K.Narsimha Charyआ.अपी.सं /Ita No.1087/Hyd/2024 (निर्धारण वर्ा/Assessment Year: 2018-19) Deputy Commissioner Of Vs. East India Petroleum Income Tax Limited Circle-8(1)(Incharge) Hyderabad Hyderabad [Pan : Aaace4494K] (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri H.Srinivasulu, Ar रधजस् व द्वधरध/Revenue By: Ms.M.Narmada, Cit-Dr सुिवधई की तधरीख/Date Of Hearing: 16/01/2025 घोर्णध की तधरीख/Date Of 06/02/2025 Pronouncement: आदेश / Order Per. Manjunatha G., A.M: This Appeal Filed By The Revenue Is Directed Against Order Dated 19.08.2024 Of The Commissioner Of Income Tax (Appeals) [“Ld.Cit(A)”], National Faceless Appeal Centre (Nfac), Delhi, Pertaining To A.Y.2018-19. 2. The Brief Facts Of The Case Are That The Assessee, Engaged In The Business Of Providing Terminalling Services To Oil Marketing Companies For Storage Of Bulk Liquid Products Including Fuels Like High Speed Diesel, Motor Spirit, Petroleum

depreciation u/s 32 of the Act. The assessee had also challenged the disallowance of interest expenditure u/s 37 of the Act, on the ground that the interest expenditure covered u/s 30 to 36 needs to be dealt with relevant provisions of the Act and cannot be dealt under the provisions of section

OCEAN SPARKLE LIMITED,HYDERABAD vs. DCIT., CIRCLE 5(1), HYDERABAD

In the result, appeal of the assessee is dismissed

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

30 to 36, the expression 'expenses incurred as well as 'allowances and depreciation' have also been used. For example, depreciation and allowances are dealt with in section

DCIT, CIRCLE-2(1), HYDERABAD, HYDERABAD vs. KMC CONSTRUCTIONS LIMITED, HYDERABAD, HYDERABAD

In the result, both the appeals of assessee are partly allowed

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

depreciation as all other Page 4 of 19 M/s. KMC Constructions Ltd., batch deductions deemed to have been allowed under section 30

DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(1), HYDERABAD vs. KMC CONSTRUCTIONS LIMITED, HYDERABAD

In the result, both the appeals of assessee are partly allowed

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

depreciation as all other Page 4 of 19 M/s. KMC Constructions Ltd., batch deductions deemed to have been allowed under section 30

DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(1), HYDERABAD vs. KMC CONSTRUCTIONS LIMITED , HYDERABAD

In the result, both the appeals of assessee are partly allowed

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

depreciation as all other Page 4 of 19 M/s. KMC Constructions Ltd., batch deductions deemed to have been allowed under section 30

SHAIK SHAKEER AHAMED. DY. COMMISSIONER OF INCOME-TAX, CIRCLE-2 (1), HYDERABAD, HYDERABAD vs. KMC CONSTRUCTIONS LIMITED, HYDERABAD

In the result, both the appeals of assessee are partly allowed

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

depreciation as all other Page 4 of 19 M/s. KMC Constructions Ltd., batch deductions deemed to have been allowed under section 30

DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(1), HYDERABAD vs. KMC CONSTRUCTIONS LIMITED, HYDERABAD

In the result, both the appeals of assessee are partly allowed

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

depreciation as all other Page 4 of 19 M/s. KMC Constructions Ltd., batch deductions deemed to have been allowed under section 30