DODLA DAIRY LIMITED,HYDERABAD vs. DCIT CIRCLE -8(1), HYDERABAD

Bench: Us:

disallowing interest expenditure of INR 208,333 under section 37 of the Act disregarding the fact that the differential interest amount (market value of interest income vs interest charged from employee) was already taxed as perquisite in the hands of the Managing Director. 14. On the facts and in the circumstances of the case and in law, the LA. AO/LA

ACIT., CIRCLE-6(1), HYDERABAD vs. VK WAREHOUSING ENTERPRISES, HYDERABAD

In the result, both the appeals filed by the assessee firm and\nthe revenue are partly allowed for statistical purposes, in terms of\nour observations recorded hereinabove

disallowance of interest on delayed TDS remittance. The plea regarding denial of opportunity of being heard was rejected.", "result": "Partly Allowed", "sections": ["144", "37(1)", "69", "137,887", "40(a)(ia)", "234B", "271(1)(b)", "801B

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

Disallowance of computer software expenses by treating them as capital expenditure (Rs.19,24,31,255/); During the assessment proceedings it is observed that the assessee purchased certain software and claimed the expenditure as revenue. When questioned as to why the same should not be treated as capital expenditure, it was stated that the expenditure was incurred for running the business

DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTIONS), HYDERABAD vs. TKR EDUCATIONAL SOCIETY, HYDERABAD

In the result, the appeal of the Revenue is dismissed

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2018-19 The Deputy Commissioner Vs. Tkr Educational Society, Of Income Tax, 16-2-751/A/31/Ctirumala (Exemptions), Hills, Malakpet, Hyderabad. Hyderabad, Telangana – 500036. Pan : Aaaat7850Q (Appellant) (Respondent) Assessee By: Shri A.V. Raghuram, Advocate. Revenue By: Shri M. Vijay Kumar, Cit-Dr Date Of Hearing: 06.03.2024 Date Of Pronouncement: 12.03.2024

801B instead of Sec. 10B, this being a technical mistake, should not come in the way by disallowing the otherwise allowable/eligible exemption. " Hon'ble High Court of Rajasthan has made it aptly clear that mere typographical error or error due to any technical glitch while filing return of income should not be reason to disallow the otherwise allowable/eligible exemption

ACIT., CIRCLE-5(1), HYDERABAD vs. OCEAN SPARKLE LIMITED, HYDERABAD

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

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.1017/Hyd/2024 (िनधा"रण वष"/Assessment Year: 2017-18) Acit Vs. Ocean Sparkle Ltd Circle 5 ( 1 ) Hyderabad Hyderabad Pan:Aaaco2519H (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Advocate Saurabh Soparkar राज" व "ारा/Revenue By:: Shri Srinath Sadanala, Dr सुनवाई की तारीख/Date Of Hearing: 04/03/2025 घोषणा की तारीख/Pronouncement: 11/03/2025 आदेश/Order

disallowed in the earlier Page 4 of 31 ITA No 1017 of 2024 Ocean Sparkle Ltd A.Ys. In response to the show cause notice, the assessee filed the reply dated 02/12/2019 reproduced by the Assessing Officer in para 3.2 as under: 7. Thus, the assessee has reiterated its claim on the strength of the orders of this Tribunal