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

In the result, the appeal of assessee in ITA No

22)(e) of the\nAct.\"\n3. The brief facts of the case are that the appellant company is\nengaged in the business of manufacturing of bulk drugs and\nformulation product. A search and seizure operation under Section\n132 of the Income tax Act, 1961 (“the Act”) was carried out in M/s.\nMSN Group of cases on 24.02.2021. The appellant

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

In the result, the appeal of assessee in ITA No

22)(e) of the Act.\n3. The brief facts of the case are that the appellant company is engaged in the business of manufacturing of bulk drugs and formulation product. A search and seizure operation under Section 132 of the Income tax Act, 1961 (“the Act”) was carried out in M/s. MSN Group of cases on 24.02.2021. The appellant

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

2(22)(e) of the\nAct.\n\n3. The brief facts of the case are that the appellant company is\nengaged in the business of manufacturing of bulk drugs and\nformulation product. A search and seizure operation under Section\n132 of the Income Tax Act, 1961 was carried out in M/s. MSN\nGroup of cases on 24.02.2021. The appellant

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

22)(e) of the\nAct.\"\n\n3.\nThe brief facts of the case are that the appellant company is\nengaged in the business of manufacturing of bulk drugs and\nformulation product. A search and seizure operation under Section\n132 of the Income tax Act, 1961 (“the Act”) was carried out in M/s.\nMSN Group of cases on 24.02.2021. The appellant

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

2(22)(e) of the\nAct.\n3.\nThe brief facts of the case are that the appellant company is\nengaged in the business of manufacturing of bulk drugs and\nformulation product. A search and seizure operation under Section\n132 of the Income Tax Act, 1961 was carried out in M/s. MSN\nGroup of cases on 24.02.2021.\nThe appellant M/s. Maithri

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

In the result, the appeal of assessee in ITA No

22)(e) of the\nAct.\"\n3. The brief facts of the case are that the appellant company is\nengaged in the business of manufacturing of bulk drugs and\nformulation product. A search and seizure operation under Section\n132 of the Income tax Act, 1961 (“the Act”) was carried out in M/s.\nMSN Group of cases on 24.02.2021. The appellant

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

22)(e) of the Act.\"\n3. The brief facts of the case are that the appellant company is engaged in the business of manufacturing of bulk drugs and formulation product. A search and seizure operation under Section 132 of the Income tax Act, 1961 (“the Act”) was carried out in M/s. MSN Group of cases on 24.02.2021. The appellant

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

In the result, the appeal of assessee in ITA No

22)(e) of the\nAct.\"\n3. The brief facts of the case are that the appellant company is\nengaged in the business of manufacturing of bulk drugs and\nformulation product. A search and seizure operation under Section\n132 of the Income tax Act, 1961 (“the Act”) was carried out in M/s.\nMSN Group of cases on 24.02.2021. The appellant

ASST. COMMISSIONER OF INCOME TAX, CIRCLE-10(1), HYDERABAD vs. VERTEX PROJECTS LLP (FORMERLY M/S VERTEX PROJECTS LTD) , HYDERABAD

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

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarassessment Year: 2014-15 Acit,Circle-10(1) Vs. Vertex Projects Llp Room No.515, 5Th Floor, (Formerly M/S.Vertex A-Block, I.T.Towers, Projects Ltd.) A.C.Guards, #156-159, Paigah House Hyderabad. S.P.Road, Next To Pg College. Secunderabad-500 026. Pan : Aanfv0232C (Appellant) (Respondent) Assessee By: Shri Sriram Seshadri, Ca Revenue By: Shri Rajendra Kumar,Cit-Dr Date Of Hearing: 15.03.2023 Date Of Pronouncement: 28.04.2023 O R D E R Per Shri Laliet Kumar, J.M. This Is An Appeal Filed By The Revenue, Feeling Aggrieved By The Order Passed By The Learned Commissioner Of Income Tax (Appeals)-5, Dated 16.03.2018 For The Ay 2014-15, On The Following Grounds :

disallowance computed under section 14A of the Act pertains to computation of income under the normal provisions of the Act and cannot be read into the provisions of section 115JB of the Act pertaining to levy of minimum alternate tax and there is no express provision in clause (f) of Explanation 1 to section 115JB of the Act to that

ACIT., CIRCLE-5(1), HYDERABAD vs. PENNA CEMENT INDUSTRIES LIMITED, HYDERABAD

E-assessment Scheme, 2019, for verifying multi-facet issues, viz. (i). disallowance under section 14A of the Act; (ii). allowability of the assessee's claim for deduction under section 80G in respect of CSR donations; (iii). eligibility of the assessee's claim for deduction under section 80-IA of the Act w.r.t its power generation units; and (iv). addition under

ACIT., CIRCLE-5(1), HYDERABAD vs. PENNA CEMENT INDUSTRIES LIMITED, HYDERABAD

E-assessment Scheme, 2019,\nfor verifying multi-facet issues, viz. (i). disallowance under section 14A\nof the Act; (ii). allowability of the assessee's claim for deduction under\nsection 80G in respect of CSR donations; (iii). eligibility of the\nassessee's claim for deduction under section 80-IA of the Act w.r.t its\npower generation units; and (iv). addition under

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

ASST. DIRECTOR OF IT (EXEMP)-II,, HYDERABAD vs. ACTION FOR WELFARE AND AWAKENING IN RURAL ENVIRONMENT (AWARE), HYDERABAD

In the result, the C.O. filed by the assessee is partly allowed for statistical purposes

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.709/Hyd/2012 ("नधा"रण वष"/Assessment Year:1995-96) Asst. Director Of Income Tax Vs. Action For Welfare & (Exemptions)-Ii, Awakening In Rural Hyderabad. Environment (Aware), Shantivanam, Nagarjuna Sagar Road, Hyderabad. Pan: Aaata2338R (Appellant) (Respondent) C.O. No.138/Hyd/2012 (In आ.अपी.सं /Ita No.709/Hyd/2012) ("नधा"रण वष"/Assessment Year:1995-96) Asst. Director Of Income Tax Vs. Action For Welfare & (Exemptions)-Ii, Awakening In Rural Hyderabad. Environment (Aware), Pragati Bhavan, D.No.5-9- 24/78, Lake Hill Road, Adarshnagar, Hyderabad- 500463. Pan: Aaata2338R (Respondent/Cross Objector) (Appellant In Appeal) "नधा"रती "वारा/Assessee By: Shri S. Rama Rao, Advocate राज" व "वारा/Revenue By:: Ms. U. Mini Chandran, Cit-Dr सुनवाई क" तार"ख/Date Of Hearing: 08/01/2026 घोषणा क" तार"ख/Pronouncement: 13/02/2026

disallowing the exemption claimed by the assessee u/s.11. 7. The decision the CIT(A) is erroneous both in facts and in law that the A.O. denied exemption against the income earned for the A.Ys. 1991-92, 1992-93 and 1994-95 and accordingly, the same can not be considered as accumulation u/s.11(2) of the 1.T.Act. The Id.CIT(A) failed

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

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

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

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-16(2), HYDERABAD vs. MANDAVA HOLDINGS PRIVATE LIMITED, HYDERABAD

In the result, appeal filed by the Revenue is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2014-15 Dy. C.I.T. Vs. M/S. Mandava Holdings Circle 16(2) (P) Ltd, Hyderabad Hyderabad Pan:Aafcm4964M (Appellant) (Respondent) Assessee By: Shri A.V.Raghuram, Advocate Revenue By: Shri Rajendra Kumar, Cit(Dr) Date Of Hearing: 13/07/2022 Date Of Pronouncement: 19/07/2022 Order Per R.K. Panda, A.M This Appeal Filed By The Revenue Is Directed Against The Order Dated 19.9.2017 Of The Learned Cit (A)-4, Hyderabad Relating To A.Y.2014-15. 2. Facts Of The Case, In Brief, Are That The Assessee Company Is Engaged In The Business Of Core Investment & Filed Its Return Of Income Admitting Total Loss At (-) Rs 1,91,29,508/-. Subsequently, The Assessee Filed Revised Return Of Income On 30.11.2014 Declaring Total Loss Of Rs.1,43,53,566/-. The Return Was Processed U/S 143(1) Of The I.T. Act. Subsequently, The Case Was Selected For Scrutiny & The Statutory Notices Were Issued To The Assessee. During The Course Of Assessment Proceedings, The Page 1 Of 7

section 2(22)(e) of the Act are squarely applicable to the facts of the present case, since the assessee company is holding more than 10% of the Page 4 of 7 ITA No 2089 of 2017 Mandava Holdings P Ltd Hyderabad shares with voting powers in M/s. Nuziveedu Seeds Ltd, the Assessing Officer made disallowance

DIABETOMICS MEDICAL PRIVATE LIMITED,HYDERABAD vs. ACIT, CIRCLE-8(1), HYDERABAD

22 as\nunder:\n“15.\nA perusal of Rule 11UA(2) would indicate that the\nassessee is enabled to determine the FMV of the unquoted equity\nshares either in accordance with the formula prescribed in clause\n(a) or on the basis of a report drawn by a merchant banker who\nmay have determined