MANJEERA PROJECTS ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-11(1), HYDERABAD

Appeals are partly allowed in above terms

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

801B(10) is disallowed and brought to tax. " 6.1 In this regard, it is important to note that the issue under dispute in the impugned AY 2014-15 is not new to the case of the assessee in as much as the assessee has been claiming deduction u/s, 80(IB)(10) of the Act in respect of income derived from

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

GIRIDHARI CONSTRUCTIONS, HYD,HYDERABAD vs. ITO, WARD-6(2), HYDERABAD, HYDERABAD

In the result, appeals of the assessee and revenue are dismissed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahuassessment Year: 2011-12 Giridhari Constructions, Vs Income Tax Officer, Hyderabad. Ward – 6(2), Hyderabad. Pan – Aagfg 5289D (Appellant) (Respondent) Assessment Year: 2011-12 Asst. Commissioner Of Vs Giridhari Constructions, Income Tax, Hyderabad. Circle – 14(1), Hyderabad. Pan – Aagfg 5289D (Appellant) (Respondent) Assessee By: Shri P. Murali Mohan Rao Revenue By: Shri Rohit Mujumdar Date Of Hearing: 05/04/2021 Date Of Pronouncement: 17/09/2021 O R D E R Per L.P. Sahu, A.M.: Both These Appeals Are Cross Appeals Filed By The Assessee & Revenue Are Directed Against Cit(A) - 4, Hyderabad’S Order Dated 24/09/2015 For Ay 2011-12

disallowance of deduction u/s. 801B in respect of 7 flats. 3. The Ld. ClT(A) ought to have allowed the deduction u/s. 80lB in respect of the impugned 7 flats also appreciating that these flats exceeded the limit of 1500 sft due to consideration 0f common areas. 4. The Ld. allowed the deduction u/s. 801B in respect of the impugned

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

Bench: Us:

801B(11A) of the Act to the extent of INR 2,05,64,816 pertains to the transfer of processed milk/milk products from processing units to the end customers wherein the Appellant has earned actual profits on such sale to end customers.” 4. Succinctly stated, the assessee company is engaged in the business of procuring, processing and selling milk

DR. REDDYS LABORATORIES LIMITED, HYDERABAD,HYDERABAD vs. DCIT, CIRCLE-17(1), HYDERABAD, HYDERABAD

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

Bench: Shri Laxmi Prasad Sahu & Shri K.Narasimha Charyassessment Years: 2007-08 Dr.Reddy’S Laboratories Vs. Dcit,Circle-17(1) Limited Hyderabad 8-2-337, Road No.3 Banjara Hills Hyderabad-500 034

10,46,88,516 (100%) 93,60,33,037 Less: Deduction 11,24,80,738 100,41.99,143 claimed Excess claim of 77,92,222 6,81,66,106 deduction Thus, the resultant excess claim of deduction needs to be disallowed and added back to the taxable income. Omission to do so resulted in excess claim of deduction u/s 80IB

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