ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-5(1), HYDERABAD vs. LAURUS LABS LIMITED, VISAKHAPATNAM

In the result, ITA No.121/Hyd/2024 is allowed and ITA Nos

Bench: Shri Manjunatha G. & Shri K.Narasimha Charyआ.अपी.सं / Ita No. 201, 202 & 203/Hyd/2024 (धििाारण वर्ा / Assessment Year: 2016-17, 2017-18 & 2018-19) Asst.Commissioner Of Laurus Labs Limited Income Tax Vs. Visakhapatnam Circle-5(1), Hyderabad [Pan : Aabcl1170C] अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita No. 121/Hyd/2024 (धििाारण वर्ा / Assessment Year: 2016-17 ) Laurus Labs Limited Asst.Commissioner Visakhapatnam Vs. Of Income Tax [Pan : Aabcl1170C] Circle-16(1) Hyderabad अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent

disallowance made by the learned Assessing Officer on account of the clinical trials and section 14A of the Act read with Rule 8D of the Rules, for the assessment years 2017-18 and 2018-19. These two issues are identical to the issues covered by the Grounds No.2 and 3 of Revenue’s appeal for the assessment year

LAURUS LABS LIMITED,VISHAKHAPATNAM vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-16(1), HYDERABAD

In the result, ITA No.121/Hyd/2024 is allowed and ITA Nos

Bench: Shri Manjunatha G. & Shri K.Narasimha Charyआ.अपी.सं / Ita No. 201, 202 & 203/Hyd/2024 (धििाारण वर्ा / Assessment Year: 2016-17, 2017-18 & 2018-19) Asst.Commissioner Of Laurus Labs Limited Income Tax Vs. Visakhapatnam Circle-5(1), Hyderabad [Pan : Aabcl1170C] अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita No. 121/Hyd/2024 (धििाारण वर्ा / Assessment Year: 2016-17 ) Laurus Labs Limited Asst.Commissioner Visakhapatnam Vs. Of Income Tax [Pan : Aabcl1170C] Circle-16(1) Hyderabad अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent

disallowance made by the learned Assessing Officer on account of the clinical trials and section 14A of the Act read with Rule 8D of the Rules, for the assessment years 2017-18 and 2018-19. These two issues are identical to the issues covered by the Grounds No.2 and 3 of Revenue’s appeal for the assessment year

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-5(1), HYDERABAD vs. LAURUS LABS LIMITED, VISAKHAPATNAM

In the result, ITA No.121/Hyd/2024 is allowed and ITA Nos

Bench: Shri Manjunatha G. & Shri K.Narasimha Charyआ.अपी.सं / Ita No. 201, 202 & 203/Hyd/2024 (धििाारण वर्ा / Assessment Year: 2016-17, 2017-18 & 2018-19) Asst.Commissioner Of Laurus Labs Limited Income Tax Vs. Visakhapatnam Circle-5(1), Hyderabad [Pan : Aabcl1170C] अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita No. 121/Hyd/2024 (धििाारण वर्ा / Assessment Year: 2016-17 ) Laurus Labs Limited Asst.Commissioner Visakhapatnam Vs. Of Income Tax [Pan : Aabcl1170C] Circle-16(1) Hyderabad अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent

disallowance made by the learned Assessing Officer on account of the clinical trials and section 14A of the Act read with Rule 8D of the Rules, for the assessment years 2017-18 and 2018-19. These two issues are identical to the issues covered by the Grounds No.2 and 3 of Revenue’s appeal for the assessment year

INCOME TAX OFFICER, WARD-17(3), HYDERABAD vs. VALUE PHARMA RETAIL(HYD) PRIVATE LIMITED , HYDERABAD

Appeal is dismissed in above terms

Bench: Shri S.S.Godara & Shri Laxmi Prasad Sahu

disallow the deduction claimed as expenditure in respect of which payment is not made by crossed cheque or crossed bank draft. The payment by crossed cheque or crossed bank draft is insisted on to enable the assessing avthority to ascertain whether the payment was genuine or whether it was out of the income from undisclosed sources. The terms of section

MYLAN LABORATORIES LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(2), HYDERABAD

In the result, appeal of the assessee is partly allowed

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahman

disallowing income-tax deduction for any kind of fine is not proper. g. Another noteworthy point is that the Explanation to section 37(1) is a deeming provision. It only creates a legal fiction. Next, the Explanation comes into play when expenditure, though incurred for business purpose, is coupled with purpose which is offence or prohibited by law. Here

DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(2), HYDERABAD vs. MYLAN LABORATORIES LIMITED , HYDERABAD

In the result, appeal of the assessee is partly allowed

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahman

disallowing income-tax deduction for any kind of fine is not proper. g. Another noteworthy point is that the Explanation to section 37(1) is a deeming provision. It only creates a legal fiction. Next, the Explanation comes into play when expenditure, though incurred for business purpose, is coupled with purpose which is offence or prohibited by law. Here

ASST. COMMISSIONER OF INCOME TAX CIRCLE-1,, KHAMMAM vs. M/S SINGARENI COLLERIES COMPANY LTD.,, KHAMMAM DIST

In the result, both the appeals of the revenue for AYs 2009-10 & 2010-11 are dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahusl.

disallowed interest amount of Rs. 1,94,52,069/- claimed by the assessee in P&L Account treating it as capital expenditure. 10.1 On appeal, the CIT(A) confirmed the addition. 34 I.T.A. No. 802/H/14 and others Singarerni Colleries Companly Ltd., Kothagudem 10.2 The ld. AR of the assessee filed written submissions on this issue, which are as under: “During

SINGARENI COLLERIES COMPANY LIMITED,HYDERABAD vs. ACIT, CIRCLE-1,, KHAMMAM

In the result, both the appeals of the revenue for AYs 2009-10 & 2010-11 are dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahusl.

disallowed interest amount of Rs. 1,94,52,069/- claimed by the assessee in P&L Account treating it as capital expenditure. 10.1 On appeal, the CIT(A) confirmed the addition. 34 I.T.A. No. 802/H/14 and others Singarerni Colleries Companly Ltd., Kothagudem 10.2 The ld. AR of the assessee filed written submissions on this issue, which are as under: “During

ASST. COMMISSIONER OF INCOME TAX CIRCLE-1,, KHAMMAM vs. M/S SINGARENI COLLERIES COMPANY LTD.,, KHAMMAM DIST

In the result, both the appeals of the revenue for AYs 2009-10 & 2010-11 are dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahusl.

disallowed interest amount of Rs. 1,94,52,069/- claimed by the assessee in P&L Account treating it as capital expenditure. 10.1 On appeal, the CIT(A) confirmed the addition. 34 I.T.A. No. 802/H/14 and others Singarerni Colleries Companly Ltd., Kothagudem 10.2 The ld. AR of the assessee filed written submissions on this issue, which are as under: “During

DCIT, CIRCLE-1, KHAMMAM, KHAMMAM vs. THE SINGARENI COLLERIES COMPANY LT.D, KOTHAGUDEM, KOTHAGUDEM

In the result, both the appeals of the revenue for AYs 2009-10 & 2010-11 are dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahusl.

disallowed interest amount of Rs. 1,94,52,069/- claimed by the assessee in P&L Account treating it as capital expenditure. 10.1 On appeal, the CIT(A) confirmed the addition. 34 I.T.A. No. 802/H/14 and others Singarerni Colleries Companly Ltd., Kothagudem 10.2 The ld. AR of the assessee filed written submissions on this issue, which are as under: “During

ASST. COMMISSIONER OF INCOME TAX CIRCLE-1,, KHAMMAM vs. M/S SINGARENI COLLERIES COMPANY LTD.,, KHAMMAM DIST

In the result, both the appeals of the revenue for AYs 2009-10 & 2010-11 are dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahusl.

disallowed interest amount of Rs. 1,94,52,069/- claimed by the assessee in P&L Account treating it as capital expenditure. 10.1 On appeal, the CIT(A) confirmed the addition. 34 I.T.A. No. 802/H/14 and others Singarerni Colleries Companly Ltd., Kothagudem 10.2 The ld. AR of the assessee filed written submissions on this issue, which are as under: “During

SINGARENI COLLERIES COMPANY LIMITED,HYDERABAD vs. ACIT, CIRCLE-1,, KHAMMAM

In the result, both the appeals of the revenue for AYs 2009-10 & 2010-11 are dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahusl.

disallowed interest amount of Rs. 1,94,52,069/- claimed by the assessee in P&L Account treating it as capital expenditure. 10.1 On appeal, the CIT(A) confirmed the addition. 34 I.T.A. No. 802/H/14 and others Singarerni Colleries Companly Ltd., Kothagudem 10.2 The ld. AR of the assessee filed written submissions on this issue, which are as under: “During

THE SINGARENI COLLERIES COMPANY LTD., KOTHJAGUDEM,HYDERABAD vs. ADDL.CITT, KHAMMAM RANGE, KHAMMAM, KHAMMAM

In the result, both the appeals of the revenue for AYs 2009-10 & 2010-11 are dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahusl.

disallowed interest amount of Rs. 1,94,52,069/- claimed by the assessee in P&L Account treating it as capital expenditure. 10.1 On appeal, the CIT(A) confirmed the addition. 34 I.T.A. No. 802/H/14 and others Singarerni Colleries Companly Ltd., Kothagudem 10.2 The ld. AR of the assessee filed written submissions on this issue, which are as under: “During

SINGARENI COLLERIES COMPANY LIMITED,HYDERABAD vs. ACIT, CIRCLE-1,, KHAMMAM

In the result, both the appeals of the revenue for AYs 2009-10 & 2010-11 are dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahusl.

disallowed interest amount of Rs. 1,94,52,069/- claimed by the assessee in P&L Account treating it as capital expenditure. 10.1 On appeal, the CIT(A) confirmed the addition. 34 I.T.A. No. 802/H/14 and others Singarerni Colleries Companly Ltd., Kothagudem 10.2 The ld. AR of the assessee filed written submissions on this issue, which are as under: “During

SINGARENI COLLERIES COMPANY LIMITED,HYDERABAD vs. ACIT, CIRCLE-1,, KHAMMAM

In the result, both the appeals of the revenue for AYs 2009-10 & 2010-11 are dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahusl.

disallowed interest amount of Rs. 1,94,52,069/- claimed by the assessee in P&L Account treating it as capital expenditure. 10.1 On appeal, the CIT(A) confirmed the addition. 34 I.T.A. No. 802/H/14 and others Singarerni Colleries Companly Ltd., Kothagudem 10.2 The ld. AR of the assessee filed written submissions on this issue, which are as under: “During

SRINIVAS EMMADI,HYDERABAD vs. INCOME TAX OFFICER, WARD-1, SANGAREDDY

In the result, the appeal of the assessee is allowed for statistical\npurposes

disallowance of 25% expenditure of\nRs.5,94,202/- towards transport charges and hamali charges are\nwithout property verification and therefore the same is liable to be\ndeleted.\n7. Any other ground will be raised at the time of hearing.\"\nITA No.32/Hyd/2024 | 3\n3.\nAt the outset, it was observed that, there is a delay of 144 days\nin filing

MULAKALA MOHAN KRISHNA,HYDERABAD vs. DCIT., CIRCLE-3(1), HYDERABAD

In the result, the appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

disallowance made on account of denial of deduction under section 80-IA. 18. In the result, the appeal of the assessee is allowed. Order pronounced in the open Court on 8th Sept., 2025. (VIJAY PAL RAO) (MADHUSUDAN SAWDIA) VICE PRESIDENT ACCOUNTANT MEMBER Hyderabad. Dated: 08.10.2025. PVV Copy of the Order forwarded to : 1. Shri Mulakala Mohan Krishna, H.No.202

DCIT., CIRCLE 8(1), HYDERABAD vs. EAST INDIA PETROLEUM LIMITED, HYDERABAD

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Manjunatha G. & Shri K.Narsimha Charyआ.अपी.सं /Ita No.1087/Hyd/2024 (निर्धारण वर्ा/Assessment Year: 2018-19) Deputy Commissioner Of Vs. East India Petroleum Income Tax Limited Circle-8(1)(Incharge) Hyderabad Hyderabad [Pan : Aaace4494K] (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri H.Srinivasulu, Ar रधजस् व द्वधरध/Revenue By: Ms.M.Narmada, Cit-Dr सुिवधई की तधरीख/Date Of Hearing: 16/01/2025 घोर्णध की तधरीख/Date Of 06/02/2025 Pronouncement: आदेश / Order Per. Manjunatha G., A.M: This Appeal Filed By The Revenue Is Directed Against Order Dated 19.08.2024 Of The Commissioner Of Income Tax (Appeals) [“Ld.Cit(A)”], National Faceless Appeal Centre (Nfac), Delhi, Pertaining To A.Y.2018-19. 2. The Brief Facts Of The Case Are That The Assessee, Engaged In The Business Of Providing Terminalling Services To Oil Marketing Companies For Storage Of Bulk Liquid Products Including Fuels Like High Speed Diesel, Motor Spirit, Petroleum

section 37 and disallowing interest expenditure, because an item of expenditure covered u/s 30 to 36 cannot be covered u/s 37 of the Act. Further, as per the scheme of amalgamation, as approved by the NCLT, the assets and liabilities of amalgamating company shall become assets and liabilities of amalgamated company, with effect from the appointed dated and therefore

SPANDANA SPHOORTY FINANCIAL LIMITED,HYDERABAD vs. ACIT., CIRCLE 3(2), HYDERABAD

Accordingly, the addition of Rs.11,44,51,818/- (supra) made by the\nAO, which, thereafter, had been sustained by the CIT(A), is vacated.\nThe Grounds of appeal Nos.3.1 to 3.4 are allowed in terms o...

disallowed under section 69A on the basis that\nthese were in form of SBNs and collection of these currency notes were in\ncontravention of instruction to the contrary issued by the Central Government and\nthe RBI and hence the collection was to treated as 'unexplained income' and\nadded back to income. In this context, we further submit the following