OCEAN SPARKLE LTD., HYD,HYDERABAD vs. DCIT, CIRCLE-16(3), HYDERABAD, HYDERABAD

In the result, both the appeals for AY 2011-12 and 2012-

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

section 50 is applicable, as per which, there are two situations narrated, for the sake of clarity, it is reproduced below: “50. Special provision for computation of capital gains in case of depreciable

OCEAN SPARKLE LTD., HYD,HYDERABAD vs. DCIT, CIRCLE-16(3), HYDERABAD, HYDERABAD

In the result, both the appeals for AY 2011-12 and 2012-

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

section 50 is applicable, as per which, there are two situations narrated, for the sake of clarity, it is reproduced below: “50. Special provision for computation of capital gains in case of depreciable

ANDHRA PRADESH GRANITE MIDWEST PRIVATE LIMITED ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1(1), HYDERABAD

Appeal is allowed

Bench: Shri S.S. Godara & Shri L.P. Sahuassessment Year: 2016-17 Andhra Pradesh Granite Vs. Acit, Circle 1(1) (Midwest) Private Limited Hyderabad Hyderabad [Pan: Aagca3570N] (Appellant) (Respondent) Assessee By: Sri M.V. Joshi, Adv. Revenue By: Sri Sunil Kumar Pandey, Dr Date Of Hearing: 02/02/2021 Date Of Pronouncement: 23/02/2021 Order Per Bench This Assessee’S Appeal Is Directed Against The Commissioner Of Income Tax (Appeals)–1 [‘Cit(A)’ For Short], Hyderabad’S Order Dated 25.04.2019 In Case No. 10243/2018-19/Dcit, Cir.1(1)/Hyd/Cit(A)-1/Hyd/2019-20 For A.Y. 2016-17 Passed In Proceedings U/S 143(3) Of The Income Tax Act, 1961 [ ‘The Act’ For Short].

Section 32(i) (iia) which states that where the assessee is engaged in the business of manufacture or production, any new plant and machinery purchased or installed after 31st day of March 2005, an additional depreciation equivalent to 20% is allowed in addition to the regular rate of depreciation on such plant and machinery and that therefore the 50

ITO, WARD-16(2), HYDERABAD, HYDERABAD vs. PADMA VAMSI TEXTILE MARKET PVT. LTD., HYDERABAD, HYDERABAD

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

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Year: 2007-08 Income-Tax Officer, Vs. Padma Vamsi Textile Market Ward – 16(2), Hyderabad. Pvt. Ltd., Hyderabad. Pan – Aadcp 3957F (Appellant) (Respondent) Revenue By : Smt. Komali Krishna Assessee By : Shri B. Satyanarayana Murthy Date Of Hearing : 23-04-2019 Date Of Pronouncement : 03-05-2019

Section 50 is thus a deeming provision and it applied to the depreciable assets. Section 50A is a special provision

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

In the result, appeal ITA

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

50, wherein the Hon'ble High Court in Paras 11 and 12 had held as under : "11. This question arose as a direct sequel to the appellant's alternative submission that if the expenditure is treated as a conferring capital advantage, necessarily they are depreciable. The appellant claims for depreciation of "know-how", "patents", "copyrights", "trademarks", "licenses", "franchises" or other

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

section 14A read with Rule 8D of I.T. Rules, 1962. 22. The assessee has claimed an amount of Rs.1,98,96,436/- as exempt income on account of dividend income received on investments in units of mutual funds. The assessee has made a suo motu disallowance of 43 ITA.No.111/Hyd./2022 expenditure relatable to exempt income of Rs.11

DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(2), HYDERABAD vs. EENADU TELEVISION PRIVATE LIMITED , HYDERABAD

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

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

50, wherein the Hon’ble High Court in Paras 11 and 12 had held as under : “11. This question arose as a direct sequel to the appellant’s alternative submission that if the expenditure is treated as a conferring capital advantage, necessarily they are depreciable. The appellant claims for depreciation of "know-how", "patents", "copyrights", "trademarks", "licenses", "franchises" or other

DIWAKAR ROAD LINES,ANANTAHAPUR vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, ANANTAPUR

In the result, appeal for the assessment year 2014-15 is treated as allowed for statistical purposes

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

section 66 of Motor Vehicle Act, 1988; that therefore, in the absence of the same, the assessee is not eligible for full depreciation, but depreciation @ 50

DIWAKAR ROAD LINES,ANANTAPUR vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, ANANTAPUR

In the result, appeal for the assessment year 2014-15 is treated as allowed for statistical purposes

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

section 66 of Motor Vehicle Act, 1988; that therefore, in the absence of the same, the assessee is not eligible for full depreciation, but depreciation @ 50

DIWAKAR ROAD LINES,ANANTAPUR vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, ANANTAPUR

In the result, appeal for the assessment year 2014-15 is treated as allowed for statistical purposes

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

section 66 of Motor Vehicle Act, 1988; that therefore, in the absence of the same, the assessee is not eligible for full depreciation, but depreciation @ 50

SINGARENI COLLIERIES COMPANY LIMITED,KOTHAGUDEM vs. ACIT., CIRCLE-1, KHAMMAM

In the result, assessee’s appeals for the A

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita Nos.283, 284 & 286/Hyd/2024 (िनधा"रण वष"/Assessment Years: 2015-16, 2016-17 & 2020-21) Singareni Collieries Vs. Acit, Circle – 1 Company Limited Khammam & Kothagudem Acit, Circle 13(1) Pan:Aaact8873F Hyderabad & आ.अपी.सं /Ita Nos.300, 301 & 308/Hyd/2024 (िनधा"रण वष"/Assessment Years: 2015-16, 2016-17 & 2020-21) Vs. Singareni Collieries Dy. Cit, Circle 13(1) Company Limited Hyderabad Kothagudem Pan:Aaact8873F (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri M.V.Anil Kumar, Advocate राज" व "ारा/Revenue By:: Shri B Balakrishna, Cit (Dr) सुनवाई की तारीख/Date Of Hearing: 10/06/2025 घोषणा की तारीख/Pronouncement: 12/06/2025 आदेश/Order Per Bench: These 3 Sets Of Cross Appeals Filed By The Assessee As Well As The Revenue Are Directed Against The 3 Separate Orders All Dated 30/01/2024 Of The Learned Cit (A)-Nfac Delhi, For The A.Ys 2015-16, 2016-17 & 2020-21 Respectively. The Assessee As Well As The Revenue Have Raised The Following Grounds Of Appeals For 3 A.Ys:

50 ITR 583(Trib.) Kolkata ii) Vedanta Ltd vs. ACIT in ITA No.12/Del/2020 iii) Coordinate Bench of the Tribunal in the case of Telangana Power Generation Corporation vs. ACIT in ITA No.1424/Hyd/2019 dated 14/06/2021. 11. Thus, the learned AR has submitted that the assessee is entitled for the investment allowance u/s 32AC

SINGARENI COLLIERIES COMPANY LIMITED,KOTHAGUDEM vs. ACIT., CIRCLE- 1, KHAMMAM

In the result, assessee’s appeals for the A

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita Nos.283, 284 & 286/Hyd/2024 (िनधा"रण वष"/Assessment Years: 2015-16, 2016-17 & 2020-21) Singareni Collieries Vs. Acit, Circle – 1 Company Limited Khammam & Kothagudem Acit, Circle 13(1) Pan:Aaact8873F Hyderabad & आ.अपी.सं /Ita Nos.300, 301 & 308/Hyd/2024 (िनधा"रण वष"/Assessment Years: 2015-16, 2016-17 & 2020-21) Vs. Singareni Collieries Dy. Cit, Circle 13(1) Company Limited Hyderabad Kothagudem Pan:Aaact8873F (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri M.V.Anil Kumar, Advocate राज" व "ारा/Revenue By:: Shri B Balakrishna, Cit (Dr) सुनवाई की तारीख/Date Of Hearing: 10/06/2025 घोषणा की तारीख/Pronouncement: 12/06/2025 आदेश/Order Per Bench: These 3 Sets Of Cross Appeals Filed By The Assessee As Well As The Revenue Are Directed Against The 3 Separate Orders All Dated 30/01/2024 Of The Learned Cit (A)-Nfac Delhi, For The A.Ys 2015-16, 2016-17 & 2020-21 Respectively. The Assessee As Well As The Revenue Have Raised The Following Grounds Of Appeals For 3 A.Ys:

50 ITR 583(Trib.) Kolkata ii) Vedanta Ltd vs. ACIT in ITA No.12/Del/2020 iii) Coordinate Bench of the Tribunal in the case of Telangana Power Generation Corporation vs. ACIT in ITA No.1424/Hyd/2019 dated 14/06/2021. 11. Thus, the learned AR has submitted that the assessee is entitled for the investment allowance u/s 32AC

DCIT., CIRCLE-13(1), HYDERABAD vs. THE SINGARENI COLLIERIES COMPANY LTD, KOTHAGUDEM

In the result, assessee’s appeals for the A

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita Nos.283, 284 & 286/Hyd/2024 (िनधा"रण वष"/Assessment Years: 2015-16, 2016-17 & 2020-21) Singareni Collieries Vs. Acit, Circle – 1 Company Limited Khammam & Kothagudem Acit, Circle 13(1) Pan:Aaact8873F Hyderabad & आ.अपी.सं /Ita Nos.300, 301 & 308/Hyd/2024 (िनधा"रण वष"/Assessment Years: 2015-16, 2016-17 & 2020-21) Vs. Singareni Collieries Dy. Cit, Circle 13(1) Company Limited Hyderabad Kothagudem Pan:Aaact8873F (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri M.V.Anil Kumar, Advocate राज" व "ारा/Revenue By:: Shri B Balakrishna, Cit (Dr) सुनवाई की तारीख/Date Of Hearing: 10/06/2025 घोषणा की तारीख/Pronouncement: 12/06/2025 आदेश/Order Per Bench: These 3 Sets Of Cross Appeals Filed By The Assessee As Well As The Revenue Are Directed Against The 3 Separate Orders All Dated 30/01/2024 Of The Learned Cit (A)-Nfac Delhi, For The A.Ys 2015-16, 2016-17 & 2020-21 Respectively. The Assessee As Well As The Revenue Have Raised The Following Grounds Of Appeals For 3 A.Ys:

50 ITR 583(Trib.) Kolkata ii) Vedanta Ltd vs. ACIT in ITA No.12/Del/2020 iii) Coordinate Bench of the Tribunal in the case of Telangana Power Generation Corporation vs. ACIT in ITA No.1424/Hyd/2019 dated 14/06/2021. 11. Thus, the learned AR has submitted that the assessee is entitled for the investment allowance u/s 32AC

DCIT., CIRCLE-13(1), HYDERABAD vs. THE SINGARENI COLLIERIES COMPANY LIMITED, KOTHAGUDEM

In the result, assessee’s appeals for the A

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita Nos.283, 284 & 286/Hyd/2024 (िनधा"रण वष"/Assessment Years: 2015-16, 2016-17 & 2020-21) Singareni Collieries Vs. Acit, Circle – 1 Company Limited Khammam & Kothagudem Acit, Circle 13(1) Pan:Aaact8873F Hyderabad & आ.अपी.सं /Ita Nos.300, 301 & 308/Hyd/2024 (िनधा"रण वष"/Assessment Years: 2015-16, 2016-17 & 2020-21) Vs. Singareni Collieries Dy. Cit, Circle 13(1) Company Limited Hyderabad Kothagudem Pan:Aaact8873F (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri M.V.Anil Kumar, Advocate राज" व "ारा/Revenue By:: Shri B Balakrishna, Cit (Dr) सुनवाई की तारीख/Date Of Hearing: 10/06/2025 घोषणा की तारीख/Pronouncement: 12/06/2025 आदेश/Order Per Bench: These 3 Sets Of Cross Appeals Filed By The Assessee As Well As The Revenue Are Directed Against The 3 Separate Orders All Dated 30/01/2024 Of The Learned Cit (A)-Nfac Delhi, For The A.Ys 2015-16, 2016-17 & 2020-21 Respectively. The Assessee As Well As The Revenue Have Raised The Following Grounds Of Appeals For 3 A.Ys:

50 ITR 583(Trib.) Kolkata ii) Vedanta Ltd vs. ACIT in ITA No.12/Del/2020 iii) Coordinate Bench of the Tribunal in the case of Telangana Power Generation Corporation vs. ACIT in ITA No.1424/Hyd/2019 dated 14/06/2021. 11. Thus, the learned AR has submitted that the assessee is entitled for the investment allowance u/s 32AC

ACIT, CIRCLE-1, WARANGAL, WARANGAL vs. NORTHERN POWER DISTRIBUTION COMPANY OF TELANGANA LIMITED, WARANGAL, WARANGAL

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

depreciation on the assets created out of utilization of consumer contributions was claimed and allowed in the P&L A/c and the amortization claim in the computation of income amounts to double deduction. 6. Any other ground(s) that may be urged at the time of hearing”. 3. Coming to the Revenue’s first and foremost substantive ground seeking

AVIS HOSPITALS INDIA LIMITED ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1(1), HYDERABAD

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

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Charyassessment Year: 2016-17 M/S. Avis Hospitals India Vs. The Acit,Circle-1(1) Limited Hyderabad-500 029 8-3-598/A/5, Road No.10 Banjara Hills Hyderabad-500 033

50 IST 2017 O/TAXAP/779/2017 ORDER did they travel beyond the materials already on record, in order to examine the claims of the assessees for deductions under section 80IB and 80HHC of the Act." 6. With respect to the claim of depreciation

ACIT, CIRCLE-5(1), HYDERABAD vs. EENADU TELEVISION PRIVATE LIMITED, HYDERABAD

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

50, wherein the Hon'ble High Court in Paras 11 and 12 had held as under : "11. This question arose as a direct sequel to the appellant's alternative submission that if the expenditure is treated as a conferring capital advantage, necessarily they are depreciable. The appellant claims for depreciation of "know-how", "patents", "copyrights", "trademarks", "licenses", "franchises" or other

EENADU TELEVISION PRIVATE LIMITED,HYDERABAD vs. ACIT., CIRCLE-5(1), HYDERABAD

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

50, wherein the Hon'ble High Court in Paras 11 and 12 had held as under : "11. This question arose as a direct sequel to the appellant's alternative submission that if the expenditure is treated as a conferring capital advantage, necessarily they are depreciable. The appellant claims for depreciation of "know-how", "patents", "copyrights", "trademarks", "licenses", "franchises" or other

DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(2), HYDERABAD vs. OCIMUM BIO SOLUTIONS INDIA LIMITED , HYDERABAD

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

Bench: Shri P. Madhavi Devi & D.S. Sunder Singh(Through Video Conference) Assessment Year: 2015-16 Dy. Commissioner Of Income- Vs. Ocimum Bio Solutions India Tax, Circle – 16(2), Hyderabad. Ltd., Hyderabad.

section 50 do not come into play and depreciation has to be allowed on that portion of the W.D.V. of the assets