THERMODYNE DYNAMICS PRIVATE LIMITED,HYDERABAD vs. INCOME-TAX OFFICER, WARD -17(3), HYDERABAD

Bench: Us :

disallowance u/s 56(2)(viia) of the Act was called for in the case of the assessee company. 21. Apropos the claim of the Ld. AR that as the assessee company had entered into an “agreement”, dated 18.02.2010 for subscription of shares of the aforementioned company, viz. M/s. Kineta Metals and Minerals Limited (supra) which was before the insertion

SANGHI TEXTILES PRIVATE LIMITED,HYDERBAD vs. ITO., WARD-3(1), HYDERABAD

Bench: Us:

142(1) seeking supporting documents for claimed expenses. Therefore books of account were rightly rejected under section 145(3) of the Act by the AO for the reason of non-verifiability. The disallowance is not arbitrary but a reasonable estimate in absence of records. The AO rightly exercised judgment based on the facts. The Hon'ble Supreme Court

PRABHAKAR REDDY BASIREDDY, NALGONDA vs. DCIT., CENTRAL CIRCLE-1(1) , HYDERABAD

In the result, both the appeals filed by the assessee in ITA Nos

Bench: SHRI RAVISH SOOD, HON'BLE (Judicial Member), SHRI MADHUSUDAN SAWDIA HON'BLE (Accountant Member)

disallowed the assessee’s claim for deduction under section 80C of the Act of Rs. 66,982/-. 6. Accordingly, the AO vide his order under section 147 of the Act, dated 26/03/2025, determined the income of the assessee at Rs. 8,35,157/-. 7. Aggrieved, the assessee carried the matter in appeal before the CIT(A) but without success

PRABHAKAR REDDY BASIREDDY, NALGONDA vs. DCIT., CENTRAL CIRCLE-1(1), HYDERABAD

In the result, both the appeals filed by the assessee in ITA Nos

disallowed the assessee’s claim for deduction under section 80C of the Act of Rs. 66,982/-. 6. Accordingly, the AO vide his order under section 147 of the Act, dated 26/03/2025, determined the income of the assessee at Rs. 8,35,157/-. 7. Aggrieved, the assessee carried the matter in appeal before the CIT(A) but without success

RASHID HUSSAIN,HYDERABAD vs. ACIT., CENTRAL CIRCLE-1(3), HYDERABAD

Bench: SHRI RAVISH SOOD, HON'BLE (Judicial Member), SHRI MADHUSUDAN SAWDIA HON'BLE (Accountant Member)

disallowance of his claim for deduction of expenditure of Rs.16,33,050/-. Accordingly, the CIT(A) partly allowed the appeal. 5 Rashid Hussain vs. ACIT 8. The assessee being aggrieved with the order of the CIT(A) has carried the matter in appeal before us. 9. We have heard the Ld. Authorised Representatives of both parties, perused the orders

MSN LIFE SCIENCES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

Section 153A of the Act was issued to the assessee on 15.02.2022 calling for return of income. In response, the assessee filed its return of income on 07.06.2022 for A.Y. 2013-14 declaring total income of Rs.nil. Subsequently, notices u/s 143(2) and 142(1) were issued and served on the assessee by the Assessing Officer. After examining the material

MSN LIFE SCIENCES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

In the result, the appeal of assessee in ITA No

Section 153A of the Act was issued to the assessee on 15.02.2022 calling for return of income. In response, the assessee filed its return of income on 07.06.2022 for A.Y. 2013-14 declaring total income of Rs.nil. Subsequently, notices u/s 143(2) and 142(1) were issued and served on the assessee by the Assessing Officer. After examining the material

ACIT., CENTRAL CIRCLE-2(4), , HYDERABAD vs. M/S. MAITHRI LABORATORIES PRIVATE LIMITED, HYDERABAD

In the result, both the appeals of assessee and the Revenue\nare partly allowed

disallowance of claim of deduction of\nexpenditure against the unaccounted cash receipts from sale of\nspent solvents / scrap. The facts with regard to the impugned\ndispute are that the assessee is engaged in the manufacturing and\nsale of bulk drugs. In the process, the assessee purchased various\nsolvents and used them for manufacturing bulk drugs. The used\nsolvents

ACIT., CENTRAL CIRCLE-2(4), HYDERABAD vs. M/S. MSN LIFE SCIENCES PVT. LTD., HYDERABAD

Section 153A of the Act was issued to the assessee on\n15.02.2022 calling for return of income. In response, the assessee\nfiled its return of income on 07.06.2022 for A.Y. 2013-14 declaring\ntotal income of Rs.nil. Subsequently, notices u/s 143(2) and 142(1)\nwere issued and served on the assessee by the Assessing Officer.\nAfter examining the material

ACIT., CENTRAL CIRCLE-2(4), HYDERABAD vs. MSN PHARMACHEM PVT. LTD., HYDERABAD

In the result, the appeal of assessee in ITA No

Section 153A of the Act was issued to the assessee on\n15.02.2022 calling for return of income. In response, the assessee\nfiled its return of income on 07.06.2022 for A.Y. 2013-14 declaring\ntotal income of Rs.nil. Subsequently, notices u/s 143(2) and 142(1)\nwere issued and served on the assessee by the Assessing Officer.\nAfter examining the material

MSN LIFE SCIENCES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

In the result, the appeal of assessee in ITA No

Section 153A of the Act was issued to the assessee on\n15.02.2022 calling for return of income. In response, the assessee\nfiled its return of income on 07.06.2022 for A.Y. 2013-14 declaring\ntotal income of Rs.nil. Subsequently, notices u/s 143(2) and 142(1)\nwere issued and served on the assessee by the Assessing Officer.\nAfter examining the material

MSN LIFE SCIENCES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

In the result, the appeal of assessee in ITA No

Section 153A of the Act was issued to the assessee on\n15.02.2022 calling for return of income. In response, the assessee\nfiled its return of income on 07.06.2022 for A.Y. 2013-14 declaring\ntotal income of Rs.nil. Subsequently, notices u/s 143(2) and 142(1)\nwere issued and served on the assessee by the Assessing Officer.\nAfter examining the material

MAITHRI LABORATORIES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

disallowance of claim of deduction of\nexpenditure against the unaccounted cash receipts from sale of\nspent solvents / scrap. The facts with regard to the impugned\ndispute are that the assessee is engaged in the manufacturing and\nsale of bulk drugs. In the process, the assessee purchased various\nsolvents and used them for manufacturing bulk drugs. The used\nsolvents

MSN PHARMACHEM PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

Appeal are dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Ble

142(1) of the Act was issued the assessee calling for information. After considering the information submitted by the assessee, assessment was completed under Section u/s 153A of the Act interalia making addition of Rs.1,10,89,415/- towards unaccounted sale of spent solvents and scrap for the year under consideration. 3.1. The assessee has filed an appeal against

MSN PHARMACHEM PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

Appeal are dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Ble

142(1) of the Act was issued the assessee calling for information. After considering the information submitted by the assessee, assessment was completed under Section u/s 153A of the Act interalia making addition of Rs.1,10,89,415/- towards unaccounted sale of spent solvents and scrap for the year under consideration. 3.1. The assessee has filed an appeal against

SHIVA RANJANI VEJJA ,HYDERABAD vs. INCOME TAX OFFICER, WARD-12(2) , HYDERABAD

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

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

142 or sub-section (2) of section / /5 WE or sub-section (2) of section 143 or after the completion of the assessment, whichever is earlier; (1,,) where he has made no such return, after the expiry of the time allowed by the notice under sub-section (2) of section 115 WI) or sub-section (1) of section

SREE KANYAKA MUTUALLY AIDED CO-OP THRIFT CREDIT AND MARKETG. SOCIETY LIMITED,HINDUPUR vs. INCOME TAX OFFICER, WARD 1, HINDUPUR

In the result, the appeal of the assessee is treated as partly allowed for statistical purposes

Bench: Shri Laliet Kumar, Hon’Ble & Shri Madhusudan Sawdia

142(1) dated 24/02/2021 is accepted but not found to be tenable as discussed above. Therefore, the interest income received from IDBI Bank amounting to Rs. 4,06,244/- is not found to be exempted under section 80P and hence is added back to the total Income of the assessee for the year under consideration, under the Head “Income from

DCIT., CIRCLE-8(1), HYDERABAD vs. DBS TECHNOLOGY SERVICES INDIA PRIVATE LIMITED, HYDERABAD

In the result, the appeal of the Revenue is allowed

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2019-20 Deputy Commissioner Of Vs. M/S. Dbs Technology Income Tax, Services India Private Circle – 8(1), Limited, Hyderabad. Hyderabad. Pan : Aafcd5584N (Appellant) (Respondent) C.O.No.2/Hyd/2023 Assessment Year 2019-20 Dbs Technology Services India Vs. Deputy Commissioner Of Private Limited, Income Tax, Circle – 8(1), Hyderabad. Hyderabad. Pan : Aafcd5584N (Cross Objector / (Appellant/Revenue) Respondent) Assessee By: Sri M. P. Lohia, C.A. Revenue By: Shri Jeevan Lal Lavidiya, Cit-Dr Date Of Hearing: 11.07.2023 Date Of Pronouncement: 21.07.2023 आदेश / O R D E R Per Laliet Kumar, Jm: The Appeal & Cross-Objection Filed By The Revenue For A.Y. 2019-20 Arise From The Order Of Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi

142 1[or section 148] or section 153A [***] relating to the assessment year commencing [on the 1st day of April, 1a[2023]] shall,— [(a) in the case of a person being 2[an individual who is a resident other than not ordinarily resident and] where the total income includes income chargeable to income-tax, under the head,— (i) "Salaries

DURGAMATHA HOUSE BUILDING CONSTRUCTION CO OPERATIVE HOUSING SOCIETY LIMITED,HYDERABAD vs. INCOME TAX OFFICER, WARD-11(1), HYDERABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdiaassessment Year: 2020-21 Durgamatha House Building Vs. The Income Tax Officer, Ward-11(1), Construction Co-Operative Hyderabad. Housing Society Limited, Hyderabad. Pan : Aacad6852C (Appellant) (Respondent) Assessee By: Shri T. Chaitanya Kumar, Advocate Revenue By: Ms. Kavitha Rani, Sr-Dr Date Of Hearing: 03.12.2024 Date Of Pronouncement: 10.12.2024

disallowance of Rs. 6,62,116/-.” 3. The brief facts of the case are that the assessee is a Co- operative Society, filed its return of income on 30.12.2020 admitting income of Rs.Nil on 30.12.2020. The case of the assessee was selected for complete scrutiny through CASS and notice u/s 143(2) as well as Section 142