NATCO PHARMA LIMITED,HYDERABAD vs. ACIT., CIRCLE-5(1), HYDERABAD

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

Bench: Shri K. Narasimha Chary & Shri G. Manjunatha

disallowing the 150% of the revenue expenditure of Rs.23,69,32,158 incurred for scientific research, on the premise that the relevant expenditure is not approved by the DSIR, whereas the actual expenditure of Rs.15,79,54,772 is otherwise allowable under section

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

In the result, the appeal of the assessee is allowed

Bench: Shri Ravish Sood & Shri Madhusudan Sawdia

150/-. The case of the assessee was taken up for scrutiny and notice under Section 143(2) of the Act dated 16.03.2022 was issued to the assessee. After considering the submissions of the assessee, the Learned Assessing Officer (“Ld. AO”) completed the assessment under Section 143(3) of the Act on 31.03.2023 by determining the total income at Rs.320

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

In the result, the appeal of the assessee is allowed

Bench: Shri Ravish Sood & Shri Madhusudan Sawdia

150/-. The case of the assessee was taken up for scrutiny and notice under Section 143(2) of the Act dated 16.03.2022 was issued to the assessee. After considering the submissions of the assessee, the Learned Assessing Officer (“Ld. AO”) completed the assessment under Section 143(3) of the Act on 31.03.2023 by determining the total income at Rs.320

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

In the result, the appeal of the assessee is allowed

Bench: Shri Ravish Sood & Shri Madhusudan Sawdia

150/-. The case of the assessee was taken up for scrutiny and notice under Section 143(2) of the Act dated 16.03.2022 was issued to the assessee. After considering the submissions of the assessee, the Learned Assessing Officer (“Ld. AO”) completed the assessment under Section 143(3) of the Act on 31.03.2023 by determining the total income at Rs.320

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

In the result, the appeal of the assessee is allowed

Bench: Shri Ravish Sood & Shri Madhusudan Sawdia

150/-. The case of the assessee was taken up for scrutiny and notice under Section 143(2) of the Act dated 16.03.2022 was issued to the assessee. After considering the submissions of the assessee, the Learned Assessing Officer (“Ld. AO”) completed the assessment under Section 143(3) of the Act on 31.03.2023 by determining the total income at Rs.320

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

150 ITD 1 (Delhi-Trib) * Tech Mahindra Business Services (2021) 130 taxmann.com 64 (Mumbai- Trib) 36. Accordingly, it is submitted that since the foreign exchange gain earned on forward contract is part of Appellant’s export business, Appellant is eligible to claim deduction of the same under section 10A of the Act.” 10.3 Per contra, the Ld. DR placed heavy

UNION BANK OF INDIA,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha, G. & Shri K. Narasimha Charyआ.अपी.सं /Ita No.350 & 351/Hyd/2018 (निर्धारण वर्ा/Assessment Year: 2013-14 & 2014-15) Dy. C. I. T. Vs. Andhra Bank Circle-1(1) Hyderabad Hyderabad [Pan : Aabca7375C] (Appellant) (Respondent) आ.अपी.सं /Ita No.364 & 365/Hyd/2018 (निर्धारण वर्ा/Assessment Year: 2013-14 & 2014-15) Union Bank Of India Vs. Dy. C. I. T. (Erstwhile Andhra Bank) Circle-1(1) Mumbai Hyderabad [Pan : Aaacu0564G (Aabca7375C)] (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri S.Ananthan & Smt.Lalitha Rameswaran, Ar रधजस् व द्वधरध/Revenue By: Shri K.Meghnath Chowhan, Cit-Dr सुिवधई की तधरीख/Date Of 05/11/2024 Hearing: घोर्णध की तधरीख/Date Of 24/01/2025 Pronouncement: आदेश/Order Per Manjunatha G., A.M

150/- by filing the revised return on 03.02.2015. The case has been taken up for scrutiny and the assessment has been completed u/s 143(3) of the Income tax Act, 1961 (“the Act”), on 29.03.2016 by determining total income at Rs.2885,27,50,391/-. 3. The assessee carried the matter in appeal before the Ld. CIT (A) and challenged

UNION BANK OF INDIA (ERSTWHILE- ANDHRA BANK),MUMBAI vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha, G. & Shri K. Narasimha Charyआ.अपी.सं /Ita No.350 & 351/Hyd/2018 (निर्धारण वर्ा/Assessment Year: 2013-14 & 2014-15) Dy. C. I. T. Vs. Andhra Bank Circle-1(1) Hyderabad Hyderabad [Pan : Aabca7375C] (Appellant) (Respondent) आ.अपी.सं /Ita No.364 & 365/Hyd/2018 (निर्धारण वर्ा/Assessment Year: 2013-14 & 2014-15) Union Bank Of India Vs. Dy. C. I. T. (Erstwhile Andhra Bank) Circle-1(1) Mumbai Hyderabad [Pan : Aaacu0564G (Aabca7375C)] (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri S.Ananthan & Smt.Lalitha Rameswaran, Ar रधजस् व द्वधरध/Revenue By: Shri K.Meghnath Chowhan, Cit-Dr सुिवधई की तधरीख/Date Of 05/11/2024 Hearing: घोर्णध की तधरीख/Date Of 24/01/2025 Pronouncement: आदेश/Order Per Manjunatha G., A.M

150/- by filing the revised return on 03.02.2015. The case has been taken up for scrutiny and the assessment has been completed u/s 143(3) of the Income tax Act, 1961 (“the Act”), on 29.03.2016 by determining total income at Rs.2885,27,50,391/-. 3. The assessee carried the matter in appeal before the Ld. CIT (A) and challenged

DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(1), HYDERABAD vs. ANDHRA BANK , HYDERABAD

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha, G. & Shri K. Narasimha Charyआ.अपी.सं /Ita No.350 & 351/Hyd/2018 (निर्धारण वर्ा/Assessment Year: 2013-14 & 2014-15) Dy. C. I. T. Vs. Andhra Bank Circle-1(1) Hyderabad Hyderabad [Pan : Aabca7375C] (Appellant) (Respondent) आ.अपी.सं /Ita No.364 & 365/Hyd/2018 (निर्धारण वर्ा/Assessment Year: 2013-14 & 2014-15) Union Bank Of India Vs. Dy. C. I. T. (Erstwhile Andhra Bank) Circle-1(1) Mumbai Hyderabad [Pan : Aaacu0564G (Aabca7375C)] (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri S.Ananthan & Smt.Lalitha Rameswaran, Ar रधजस् व द्वधरध/Revenue By: Shri K.Meghnath Chowhan, Cit-Dr सुिवधई की तधरीख/Date Of 05/11/2024 Hearing: घोर्णध की तधरीख/Date Of 24/01/2025 Pronouncement: आदेश/Order Per Manjunatha G., A.M

150/- by filing the revised return on 03.02.2015. The case has been taken up for scrutiny and the assessment has been completed u/s 143(3) of the Income tax Act, 1961 (“the Act”), on 29.03.2016 by determining total income at Rs.2885,27,50,391/-. 3. The assessee carried the matter in appeal before the Ld. CIT (A) and challenged

DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(1), HYDERABAD vs. ANDHRA BANK , HYDERABAD

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha, G. & Shri K. Narasimha Charyआ.अपी.सं /Ita No.350 & 351/Hyd/2018 (निर्धारण वर्ा/Assessment Year: 2013-14 & 2014-15) Dy. C. I. T. Vs. Andhra Bank Circle-1(1) Hyderabad Hyderabad [Pan : Aabca7375C] (Appellant) (Respondent) आ.अपी.सं /Ita No.364 & 365/Hyd/2018 (निर्धारण वर्ा/Assessment Year: 2013-14 & 2014-15) Union Bank Of India Vs. Dy. C. I. T. (Erstwhile Andhra Bank) Circle-1(1) Mumbai Hyderabad [Pan : Aaacu0564G (Aabca7375C)] (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri S.Ananthan & Smt.Lalitha Rameswaran, Ar रधजस् व द्वधरध/Revenue By: Shri K.Meghnath Chowhan, Cit-Dr सुिवधई की तधरीख/Date Of 05/11/2024 Hearing: घोर्णध की तधरीख/Date Of 24/01/2025 Pronouncement: आदेश/Order Per Manjunatha G., A.M

150/- by filing the revised return on 03.02.2015. The case has been taken up for scrutiny and the assessment has been completed u/s 143(3) of the Income tax Act, 1961 (“the Act”), on 29.03.2016 by determining total income at Rs.2885,27,50,391/-. 3. The assessee carried the matter in appeal before the Ld. CIT (A) and challenged

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

In the result, appeal of the assessee is dismissed

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

disallowed such expenditure which is not there in Form 3CL approved by the DSIR for weighted deduction. According to the assessee, the requirement of law under section 35(2AB) of the Act is that, if the in-house R&D facility is approved by the prescribed authority, there is no further approval required in respect of expenditure

ACIT., CIRCLE-5(1) , HYDERABAD vs. MARKET TOOLS & RESEARCH PRIVATE LIMITED, HYDERABAD

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

disallowed based on the audit report of the assessee-company and added back to the total income. 4.3. In the previous year relevant to assessment year 2010-11, the assessee-company engaged in international transactions related to IT-enabled services. Consequently, vide office letter dated 06-08- 2012, the matter was referred by the Assessing Officer to the Transfer Pricing

ACIT, CIRLCE-5 (1), , HYDERABAD vs. MARKET TOOLS RESEARCH PRIVATE LIMITED , HYDERABAD

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

disallowed based on the audit report of the assessee-company and added back to the total income. 4.3. In the previous year relevant to assessment year 2010-11, the assessee-company engaged in international transactions related to IT-enabled services. Consequently, vide office letter dated 06-08- 2012, the matter was referred by the Assessing Officer to the Transfer Pricing

MACROMILL RESEARCH INDIA LLP (FORMERLY MARKET TOOLS RESEARCH PRIVATE LIMITED),HYDERABAD vs. ACIT., CIRCLE-16(2), , HYDERABAD

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

disallowed based on the audit report of the assessee-company and added back to the total income. 4.3. In the previous year relevant to assessment year 2010-11, the assessee-company engaged in international transactions related to IT-enabled services. Consequently, vide office letter dated 06-08- 2012, the matter was referred by the Assessing Officer to the Transfer Pricing

MACROMILL RESEARCH INDIA LLP (FORMERLY MARKET TOOLS RESEARCH P. LTD.,),HYDERABAD vs. ACIT, CIRLCE-16(2), , HYDERABAD

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

disallowed based on the audit report of the assessee-company and added back to the total income. 4.3. In the previous year relevant to assessment year 2010-11, the assessee-company engaged in international transactions related to IT-enabled services. Consequently, vide office letter dated 06-08- 2012, the matter was referred by the Assessing Officer to the Transfer Pricing

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

disallowance of Rs. 2,67,641/- by the AO on account of belated payment of PF and ESI is concerned, the ld.CIT(A) directed the AO to delete the addition if the amounts are paid before the due date filing of return of income. 9. Aggrieved with such order of the Ld.CIT(A), the revenue is in appeal before

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

disallowance of Rs. 2,67,641/- by the AO on account of belated payment of PF and ESI is concerned, the ld.CIT(A) directed the AO to delete the addition if the amounts are paid before the due date filing of return of income. 9. Aggrieved with such order of the Ld.CIT(A), the revenue is in appeal before

VIRINCHI LIMITED,HYDERABAD vs. DCIT., CIRCLE 8(1), HYDERABAD

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

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita No.1185/Hyd/2024 (िनधा"रण वष"/Assessment Year: 2021-22) M/S. Virinchi Ltd Vs. Dy.Cit Hyderabad Circle 8(1) Pan:Aaacv6672N Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri P Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Mrs. U Mini Chandran, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 25/08/2025 घोषणा की तारीख/Pronouncement: 24/09/2025 आदेश/Order Per Vijay Pal Raothis Appeal By The Assessee Is Directed Against The Assessment Order Dated 09/10/2024 Passed U/S 143(3) R.W.S. 144C(3) Of The Act, In Pursuant To The Directions Of The Drp Dated 19/09/2024 Passed U/S 144C(5) Of The Act For The A.Y 2021-22. 2. The Assessee Has Raised The Following Grounds Of Appeal:

150 branches of clients in USA. It is impossible to provide the support services and training from off site or without physical presence in the USA and therefore to mitigate and reduce the cost of sending employees from India to USA, this arrangement with the AE was entered into for availing the services of AE in respect of providing 24/7

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

Bench: Justice (Retd.) C.V. Bhadang, Shri Mahavir Singh & Shri G. Manjunatha

disallowed the claim of deduction, inter-alia, on the ground that a claim not made in the original return filed under Section 139(1) and sought to be made for the first time in a return filed pursuant to a notice under Section 153A of the Act would not be maintainable. Further, the assessee was also found to be ineligible