ACIT., CIRCLE-6(1), HYDERABAD vs. VK WAREHOUSING ENTERPRISES, HYDERABAD

In the result, both the appeals filed by the assessee firm and\nthe revenue are partly allowed for statistical purposes, in terms of\nour observations recorded hereinabove

depreciation disallowance and addition of unexplained cash deposits to the CIT(A) for fresh adjudication, upholding the disallowance of interest on delayed TDS remittance. The plea regarding denial of opportunity of being heard was rejected.", "result": "Partly Allowed", "sections": ["144", "37(1)", "69", "137,887", "40(a)(ia)", "234B", "271(1)(b)", "801B

DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD vs. HSBC ELECTRONIC DATA PROCESSING INDIA PRIVATE LIMITED, , HYDERABAD

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

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

depreciation claimed The High Court following the decision of 179) (Kar HC) 25 on software imported for in earlier bench decided the question of law in March 2015. house utilisation and treated favour of the Assessee. as part of block of assets However, the dispute in Appellant’s case is should be allowed, despite not on whether the payment made