RAJENDER REDDY GUNNA ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6, HYDERABAD

133A. Question no. 10 and the answer\ngiven by you is reproduced as under.\n\"Q.10 It is observed from the register annexed as A/SVS/Bus/01\ndated 22/08/2008 that huge cash deposit and withdrawals appearing\nagainst your name. Please furnish the details of sources of the cash\ndeposits made into your bank accounts along with the complete\ndetails of the transaction

RAJENDER REDDY GUNNA ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-6, HYDERABAD

133A. Question no. 10 and the answer\ngiven by you is reproduced as under.\n"Q.10 It is observed from the register annexed as A/SVS/Bus/01\ndated 22/08/2008 that huge cash deposit and withdrawals appearing\nagainst your name. Please furnish the details of sources of the cash\ndeposits made into your bank accounts along with the complete\ndetails of the transaction

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1), HYDERABAD vs. MAGNA HOMES, HYDERABAD

In the result, the appeal of the Revenue is partly allowed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdiaassessment Year: 2018-19 The Deputy Commissioner Of Vs. M/S. Magna Homes, Hyderabad. Income Tax, Central Circle 3(1), Pan : Aapfg5917K Hyderabad. (Appellant) (Respondent) Assessee By: Shri Ravi Bharadwaj Revenue By: Dr. Sachin Kumar, Sr.D.R. Date Of Hearing: 08.01.2025 11.02.2025 Date Of Pronouncement:

u/s. 133A, no unaccounted cash was found at the premises of the appellant firm nor any evidence was unearthed to indicate that the appellant has received on-money in cash on sale of these villas. There was evidence on record to indicate that certain villas have been sold at a lesser price but no evidence of on-money or unaccounted

DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD vs. TRACKS & TOWERS INFRATECH PRIVATE LIMITED(PART IX), HYDERABAD

In the result, both the appeals filed by the revenue are partly allowed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

133A was carried out in the case of the appellant on 22.02.2016 and the appellant had disclosed an additional income of Rs. 5,00,00,000/- for the year under consideration. The appellant, there after filed a revised return u/s. 139(5) on 21.12.2016 at an income of Rs. 9,70,04,260/- and claiming a deduction u/ s. 80IA

DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD vs. TRACKS & TOWERS INFRATECH PRIVATE LIMITED(PART IX), HYDERABAD

In the result, both the appeals filed by the revenue are partly allowed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

133A was carried out in the case of the appellant on 22.02.2016 and the appellant had disclosed an additional income of Rs. 5,00,00,000/- for the year under consideration. The appellant, there after filed a revised return u/s. 139(5) on 21.12.2016 at an income of Rs. 9,70,04,260/- and claiming a deduction u/ s. 80IA

HINDUPUR BIO-ENERGY PRIVATE LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD

In the result, the appeal of the assessee is dismissed, and the appeal of Revenue is allowed

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2011-12 Hindupur Bio-Energy Vs. The Deputy Commissioner Private Limited, Of Income Tax, Hyderabad. Circle 2(2), Hyderabad. Pan : Aabch0124J. (Appellant) (Respondent / Cross-Appellant) Assessment Year: 2011-12 The Deputy Commissioner Hindupur Bio-Energy Of Income Tax, Private Limited, Circle 2(2), Hyderabad. Hyderabad. Pan : Aabch0124J. (Appellant) (Respondent / Cross-Appellant) Assessee By: Shri M. Chandramouleswara Rao, C.A. Revenue By: Shri L.V. Bhaskara Reddy, Cit-Dr Date Of Hearing: 11.12.2023 Date Of Pronouncement: 21.12.2023

133A, but subsequently later at a place other than the place where the appellant company is registered, has not carried out any meaningful enquiry, consequent to the survey. No correspondence has been initiated to enquire into the modus operandi of the money trial into the appellant books. No details of bank statements have been obtained to conduct a trial

DCIT, CIRCLE-2(2), HYDERABAD, HYDERABAD vs. HINDUPUR BIO-ENERGY PVT. LTD., HYD, HYDERABAD

In the result, the appeal of the assessee is dismissed, and the appeal of Revenue is allowed

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2011-12 Hindupur Bio-Energy Vs. The Deputy Commissioner Private Limited, Of Income Tax, Hyderabad. Circle 2(2), Hyderabad. Pan : Aabch0124J. (Appellant) (Respondent / Cross-Appellant) Assessment Year: 2011-12 The Deputy Commissioner Hindupur Bio-Energy Of Income Tax, Private Limited, Circle 2(2), Hyderabad. Hyderabad. Pan : Aabch0124J. (Appellant) (Respondent / Cross-Appellant) Assessee By: Shri M. Chandramouleswara Rao, C.A. Revenue By: Shri L.V. Bhaskara Reddy, Cit-Dr Date Of Hearing: 11.12.2023 Date Of Pronouncement: 21.12.2023

133A, but subsequently later at a place other than the place where the appellant company is registered, has not carried out any meaningful enquiry, consequent to the survey. No correspondence has been initiated to enquire into the modus operandi of the money trial into the appellant books. No details of bank statements have been obtained to conduct a trial

NCC LIMITED, HYDERABAD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-1(1), HYDERABAD, HYDERABAD

Accordingly, we delete the same. Thus, this ground is partly allowed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

133A was conducted on 25.01.2010 in the assessee’s premises. As incriminating documents, evidences Page 26 of 65 ITA Nos 73 to 75 and 77 to 80 of 2017 NCC Ltd relating to unaccounted income generation and investment were found, the assessee disclosed the income of Rs.132,94,25,643/- as additional income of the group. The proceedings were initiated

ACIT, CENTRAL CIRCLE-1(1), HYDERABAD, HYDERABAD vs. NCC LIMITED, HYDERABAD, HYDERABAD

Accordingly, we delete the same. Thus, this ground is partly allowed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

133A was conducted on 25.01.2010 in the assessee’s premises. As incriminating documents, evidences Page 26 of 65 ITA Nos 73 to 75 and 77 to 80 of 2017 NCC Ltd relating to unaccounted income generation and investment were found, the assessee disclosed the income of Rs.132,94,25,643/- as additional income of the group. The proceedings were initiated

NCC LIMITED, HYDERABAD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-1(1), HYDERABAD, HYDERABAD

Accordingly, we delete the same. Thus, this ground is partly allowed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

133A was conducted on 25.01.2010 in the assessee’s premises. As incriminating documents, evidences Page 26 of 65 ITA Nos 73 to 75 and 77 to 80 of 2017 NCC Ltd relating to unaccounted income generation and investment were found, the assessee disclosed the income of Rs.132,94,25,643/- as additional income of the group. The proceedings were initiated

ACIT, CENTRAL CIRCLE-1(1), HYDERABAD, HYDERABAD vs. NCC LIMITED, HYDERABAD, HYDERABAD

Accordingly, we delete the same. Thus, this ground is partly allowed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

133A was conducted on 25.01.2010 in the assessee’s premises. As incriminating documents, evidences Page 26 of 65 ITA Nos 73 to 75 and 77 to 80 of 2017 NCC Ltd relating to unaccounted income generation and investment were found, the assessee disclosed the income of Rs.132,94,25,643/- as additional income of the group. The proceedings were initiated

ACIT, CENTRAL CIRCLE-1(1), HYDERABAD, HYDERABAD vs. NCC LIMITED, HYDERABAD, HYDERABAD

Accordingly, we delete the same. Thus, this ground is partly allowed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

133A was conducted on 25.01.2010 in the assessee’s premises. As incriminating documents, evidences Page 26 of 65 ITA Nos 73 to 75 and 77 to 80 of 2017 NCC Ltd relating to unaccounted income generation and investment were found, the assessee disclosed the income of Rs.132,94,25,643/- as additional income of the group. The proceedings were initiated

NCC LIMITED, ,HYDERABAD vs. DCIT, CENTRAL CIRCLE-1(1),, HYDERABAD

Accordingly, we delete the same. Thus, this ground is partly allowed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

133A was conducted on 25.01.2010 in the assessee’s premises. As incriminating documents, evidences Page 26 of 65 ITA Nos 73 to 75 and 77 to 80 of 2017 NCC Ltd relating to unaccounted income generation and investment were found, the assessee disclosed the income of Rs.132,94,25,643/- as additional income of the group. The proceedings were initiated

ACIT, CENTRAL CIRCLE-1(1), HYDERABAD, HYDERABAD vs. NCC LIMITED, HYDERABAD, HYDERABAD

Accordingly, we delete the same. Thus, this ground is partly allowed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

133A was conducted on 25.01.2010 in the assessee’s premises. As incriminating documents, evidences Page 26 of 65 ITA Nos 73 to 75 and 77 to 80 of 2017 NCC Ltd relating to unaccounted income generation and investment were found, the assessee disclosed the income of Rs.132,94,25,643/- as additional income of the group. The proceedings were initiated

SHAFIUDDIN AHMED QUADRI ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-7(1), HYDERABAD

In the result, appeal of the assessee is allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahuassessment Year: 2009-10 Shafiuddin Ahmed Quadri, Vs. Asst. Commissioner Of Hyderabad. Income-Tax, Circle – 7(1), Pan – Aabpq 1650M Hyderabad. (Appellant) (Respondent) Assessee By: Shri P. Murali Mohan Rao Revenue By: Shri T. Sunil Goutam Date Of Hearing: 15/03/2022 Date Of Pronouncement: 17/03/2022

133A was conducted on 8-09- 2015 in the case of Sri Syed Shafiuddin Ahmed Quadri, Prop: M/s. Happy Home Housing. 3.1 During the course of survey proceedings, material evidence was gathered, based on which, it is seen that the assessee had paid cash of Rs. 98,85,000/- to the owners of the land. This cash was paid subsequent

TANVI FOODS (INDIA) LIMITED (PREVIOUSLY KNOWN AS TANVI FOODS(INDIA) PVT LIMITED,HYDERABAD vs. INCOME TAX OFFICER, WARD-2(4), HYDERABAD

In the result, the appeal of the assessee is allowed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

u/s 133A was conducted on 30/12/2015 at Registered office at D.No. 7-2-4/D, Old Canteen building, IDA, Sanath Nagar, Hyderabad and workshop and office at 54-20/9-9A, Timmarsuvari Street, Srinagar Colony, Vijayawada. During the course of survey proceedings a statement was recorded from Sri A. Sriagaveer wherein it was asked to furnish the bills/vouchers in respect

TANVI FOODS (INDIA) LIMITED (PREVIOUSLY KNOWN AS TANVI FOODS(INDIA) PVT LIMITED,HYDERABAD vs. INCOME TAX OFFICER, WARD-2(4), HYDERABAD

In the result, the appeal of the assessee is allowed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

u/s 133A was conducted on 30/12/2015 at Registered office at D.No. 7-2-4/D, Old Canteen building, IDA, Sanath Nagar, Hyderabad and workshop and office at 54-20/9-9A, Timmarsuvari Street, Srinagar Colony, Vijayawada. During the course of survey proceedings a statement was recorded from Sri A. Sriagaveer wherein it was asked to furnish the bills/vouchers in respect

TANVI FOODS (INDIA) LIMITED (PREVIOUSLY KNOWN AS TANVI FOODS(INDIA) PVT LIMITED,HYDERABAD vs. INCOME TAX OFFICER, WARD-2(4), HYDERABAD

In the result, the appeal of the assessee is allowed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

u/s 133A was conducted on 30/12/2015 at Registered office at D.No. 7-2-4/D, Old Canteen building, IDA, Sanath Nagar, Hyderabad and workshop and office at 54-20/9-9A, Timmarsuvari Street, Srinagar Colony, Vijayawada. During the course of survey proceedings a statement was recorded from Sri A. Sriagaveer wherein it was asked to furnish the bills/vouchers in respect