DCIT, EXEMPTIONS CIRCLE, HYDERABAD vs. HYDERABAD METROPOLITAN DEVELOPMENT AUTHORITY, SECUNDERABAD

In the result, both the appeals of assessee and Revenue are allowed for statistical purposes

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

disallowance made by the ld.CIT(A), we are of the opinion that the issue is required to be send back to the file of the Assessing Officer by issuing the similar direction as we have done in the case of Kakatiya Urban Development Authority Vs. ACIT (Exemptions) in ITA Nos.1722 to 1726/Hyd/2022 wherein it was held as under

HYDERABAD METROPOLITAN DEVELOPMENT AUTHORITY,HYDERABAD vs. DCIT, EXEMPTIONS CIRCLE-1(1), HYDERABAD

In the result, both the appeals of assessee and Revenue are allowed for statistical purposes

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

disallowance made by the ld.CIT(A), we are of the opinion that the issue is required to be send back to the file of the Assessing Officer by issuing the similar direction as we have done in the case of Kakatiya Urban Development Authority Vs. ACIT (Exemptions) in ITA Nos.1722 to 1726/Hyd/2022 wherein it was held as under

OPTUM GLOBAL SOLUTIONS (INDIA) PRIVATE LIMITED,HYDERABAD vs. DCIT, CIRCLE -5(1), HYDERABAD

In the result, both the appeals of assessee are partly allowed

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

2. Briefly stated relevant facts are that the name of the company was changed from QSSI Technologies India Private Limited to Optum Global Solutions (India) Private Limited on 12/07/2016. While scrutinizing the return of income for the assessment year 2017-18, the learned Assessing Officer made certain additions which include the disallowance of the deduction under section

OPTUM GLOBAL SOLUTIONS (INDIA) PRIVATE LIMITED,HYDERABAD vs. DCIT CIRCLE -5(1), HYDERABAD

In the result, both the appeals of assessee are partly allowed

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

2. Briefly stated relevant facts are that the name of the company was changed from QSSI Technologies India Private Limited to Optum Global Solutions (India) Private Limited on 12/07/2016. While scrutinizing the return of income for the assessment year 2017-18, the learned Assessing Officer made certain additions which include the disallowance of the deduction under section

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

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

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

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

section 46(4) of Banking Regulation Act, it is very clear that the RBI imposed penalty for not adhering to guidelines or not following the Act, which is compensatory in nature, but is not penal in nature, because the provisions only recommend payment of fine, but there are no provisions for conviction etc. From the above provisions, it is very

ACIT., CIRCLE-9(1), HYDERABAD vs. RANGAREDDY DIST JUDL EMPLOYEE MUTUALLY AIDED CO OPERATIVE SOCIETY, HYDERABAD

Section 143(2) of the Act.\n5. During the course of the assessment proceedings, it was\nobserved by the A.O. that the assessee society had raised a double\nfacet claim for deduction u/s 80P of the Act, viz., (i). U/s\n80P(2)(a)(i): Rs.1,04,92,276/-; and (ii). U/s 80P(2)(d):\nRs.1

BHUPAL INFRASTRUCTURE PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-1(2), HYDERABAD

In the result, the appeal of the assessee for A

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON'BLE (Accountant Member)

disallowance made u/s.40(a)(ia) of an amount of Rs.44,24,840/- 4. Any other grounds which the Assessee may urge either before or at the time of the hearing.” 44. Coming back to Assessment Year 2019-20, the first issue that came up for our consideration from Ground No. 2 of the assessee’s appeal is addition

BHUPAL INFRASTRUCTURE PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE -1(2), HYDERABAD

In the result, the appeal of the assessee for A

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

disallowance made u/s.40(a)(ia) of an amount of Rs.44,24,840/- 4. Any other grounds which the Assessee may urge either before or at the time of the hearing.” 44. Coming back to Assessment Year 2019-20, the first issue that came up for our consideration from Ground No. 2 of the assessee’s appeal is addition

BHUPAL INFRASTRUCTURE PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-1(2), HYDERABAD

In the result, the appeal of the assessee for A

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

disallowance made u/s.40(a)(ia) of an amount of Rs.44,24,840/- 4. Any other grounds which the Assessee may urge either before or at the time of the hearing.” 44. Coming back to Assessment Year 2019-20, the first issue that came up for our consideration from Ground No. 2 of the assessee’s appeal is addition

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

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

section 46(4) of\nBanking Regulation Act, it is very clear that the RBI imposed penalty for\nnot adhering to guidelines or not following the Act, which is\ncompensatory in nature, but is not penal in nature, because the\nprovisions only recommend payment of fine, but there are no provisions\nfor conviction etc. From the above provisions, it is very

THE ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

disallowance of Rs.173,15,46,253/- on account of debts written off by the assessee as per his observation under para No.2 of his consequential order dated 31/03/2016, which is reproduced as under : ITA Nos.1796/Hyd/2017, 241/Hyd/2018 Page 6 & 460 to 464/Hyd/2023 (S.A. Nos.63 to 67/Hyd/2023) “ 2. WRITE OFF OF AMOUNTS UNDER (ADWDRS} AMOUNT RS. 173,15,46,253/- On this

THE ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-5(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

disallowance of Rs.173,15,46,253/- on account of debts written off by the assessee as per his observation under para No.2 of his consequential order dated 31/03/2016, which is reproduced as under : ITA Nos.1796/Hyd/2017, 241/Hyd/2018 Page 6 & 460 to 464/Hyd/2023 (S.A. Nos.63 to 67/Hyd/2023) “ 2. WRITE OFF OF AMOUNTS UNDER (ADWDRS} AMOUNT RS. 173,15,46,253/- On this

THE ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

disallowance of Rs.173,15,46,253/- on account of debts written off by the assessee as per his observation under para No.2 of his consequential order dated 31/03/2016, which is reproduced as under : ITA Nos.1796/Hyd/2017, 241/Hyd/2018 Page 6 & 460 to 464/Hyd/2023 (S.A. Nos.63 to 67/Hyd/2023) “ 2. WRITE OFF OF AMOUNTS UNDER (ADWDRS} AMOUNT RS. 173,15,46,253/- On this

THE ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

disallowance of Rs.173,15,46,253/- on account of debts written off by the assessee as per his observation under para No.2 of his consequential order dated 31/03/2016, which is reproduced as under : ITA Nos.1796/Hyd/2017, 241/Hyd/2018 Page 6 & 460 to 464/Hyd/2023 (S.A. Nos.63 to 67/Hyd/2023) “ 2. WRITE OFF OF AMOUNTS UNDER (ADWDRS} AMOUNT RS. 173,15,46,253/- On this

THE ANDHRA PRADESH STATE CO-OPERATIVE BANK LTD,VIJAYAWADA vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

disallowance of Rs.173,15,46,253/- on account of debts written off by the assessee as per his observation under para No.2 of his consequential order dated 31/03/2016, which is reproduced as under : ITA Nos.1796/Hyd/2017, 241/Hyd/2018 Page 6 & 460 to 464/Hyd/2023 (S.A. Nos.63 to 67/Hyd/2023) “ 2. WRITE OFF OF AMOUNTS UNDER (ADWDRS} AMOUNT RS. 173,15,46,253/- On this

THE ANDHRA PRADESH STATE CO OPERATIVE BANK LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

disallowance of Rs.173,15,46,253/- on account of debts written off by the assessee as per his observation under para No.2 of his consequential order dated 31/03/2016, which is reproduced as under : ITA Nos.1796/Hyd/2017, 241/Hyd/2018 Page 6 & 460 to 464/Hyd/2023 (S.A. Nos.63 to 67/Hyd/2023) “ 2. WRITE OFF OF AMOUNTS UNDER (ADWDRS} AMOUNT RS. 173,15,46,253/- On this

THE ANDHRA PRADESH STATE COOPERATIVE BANK LIMITED,HYDERABAD vs. ASST.COMMISSIONER OF INCOME TAX, CIRCLE-5(1), HYDERABAD

In the result, the S.As. filed by the assessee are dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

disallowance of Rs.173,15,46,253/- on account of debts written off by the assessee as per his observation under para No.2 of his consequential order dated 31/03/2016, which is reproduced as under : ITA Nos.1796/Hyd/2017, 241/Hyd/2018 Page 6 & 460 to 464/Hyd/2023 (S.A. Nos.63 to 67/Hyd/2023) “ 2. WRITE OFF OF AMOUNTS UNDER (ADWDRS} AMOUNT RS. 173,15,46,253/- On this