DCIT, CENTRAL CIRLCE-2(1), HYD, HYDERABAD vs. HES INFRA PVT LTD., HYD, HYDERABAD

In the result, the appeal of Revenue in ITA

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

section 80AC and 80A(5) in support of the case of the revenue. 7.1. Further, it was submitted by the ld. DR that the Assessing Officer was correct in disallowing

DCIT, CENTRAL CIRLCE-2(1), HYD, HYDERABAD vs. HES INFRA PVT LTD., HYD, HYDERABAD

In the result, the appeal of Revenue in ITA

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

section 80AC and 80A(5) in support of the case of the revenue. 7.1. Further, it was submitted by the ld. DR that the Assessing Officer was correct in disallowing

DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(1), HYDERABAD vs. NSL RENEWABLE POWER PRIVATE LIMITED, HYDERABAD

In the result, the appeals of the revenue are partly allowed for statistical purposes in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

80A of the Act provides that the aggregate amount of the deductions under Chapter VI-A shall not exceed the ‘gross total income’ of the Assessee. We are in agreement with the Appellate Authority that Section NSL Renewable Power Pvt. Ltd., Hyd. 80AB of the Act which deals with determination of deductions under Part C of Chapter

DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(1), HYDERABAD vs. NSL RENEWABLE POWER PRIVATE LIMITED, HYDERABAD

In the result, the appeals of the revenue are partly allowed for statistical purposes in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

80A of the Act provides that the aggregate amount of the deductions under Chapter VI-A shall not exceed the ‘gross total income’ of the Assessee. We are in agreement with the Appellate Authority that Section NSL Renewable Power Pvt. Ltd., Hyd. 80AB of the Act which deals with determination of deductions under Part C of Chapter

DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD vs. TRACKS & TOWERS INFRATECH PRIVATE LIMITED(PART IX), HYDERABAD

In the result, both the appeals filed by the revenue are partly allowed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

section 80A(5) r.w.s. 80AC. The AO while disallowing the claim also observed that the appellant is a works contractor

DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD vs. TRACKS & TOWERS INFRATECH PRIVATE LIMITED(PART IX), HYDERABAD

In the result, both the appeals filed by the revenue are partly allowed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

section 80A(5) r.w.s. 80AC. The AO while disallowing the claim also observed that the appellant is a works contractor

DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. SEW INFRASTRUCTURE LIMITED, HYDERABAD

Bench: Justice (Retd.) C.V. Bhadang, Shri Mahavir Singh & Shri G. Manjunatha

80A(5) of the Act and fresh claim can be made towards deduction under Section 80IA(4) of the Act. He further referring to the provisions of Section 80AC submitted that as per the said provision, no deduction under Section 80IA shall be allowed to assessee unless he furnishes a return of income for such assessment year on or before

DY.COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. SEW INFRASTRUCTURE LIMITED, HYDERABAD

5-9-2003, reported in (2003) 184 CTR\n(ST) 33. On a combined reading of the provisions of\nSection 153A of the Act coupled with Circular No.7 of\n2003, it is undisputedly clear that when a search is\ninitiated under Section 132 of the Act, the AO shall issue\na notice to such person for six assessment years

DY. COMMISSIONER OF INCOME TAX , CIRCLE-3(1), HYDERABAD vs. SEW INFRASTRUCTURE LIMITED , HYDERABAD

In the result appeals filed by the Revenue\nITA

5-9-2003, reported in (2003) 184 CTR\n(ST) 33. On a combined reading of the provisions of\nSection 153A of the Act coupled with Circular No.7 of\n2003, it is undisputedly clear that when a search is\ninitiated under Section 132 of the Act, the AO shall issue\na notice to such person for six assessment years

DY.COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. SEW INFRASTRUCTURE LIMITED , HYDERABAD

5-9-2003, reported in (2003) 184 CTR\n(ST) 33. On a combined reading of the provisions of\nSection 153A of the Act coupled with Circular No.7 of\n2003, it is undisputedly clear that when a search is\ninitiated under Section 132 of the Act, the AO shall issue\na notice to such person for six assessment years

DY.COMMISSIONER OF INCOME TAX, CIRCLE 2(2), HYDERBAD vs. SEW INFRASTUCTURE LIMITED, HYDERABAD

5-9-2003, reported in (2003) 184 CTR\n(ST) 33. On a combined reading of the provisions of\nSection 153A of the Act coupled with Circular No.7 of\n2003, it is undisputedly clear that when a search is\ninitiated under Section 132 of the Act, the AO shall issue\na notice to such person for six assessment years

ACIT., CIRCLE-6(1), HYDERABAD vs. PATEL SEW JOINTVENTURE, HYDERABAD

In the result, the cross-objection filed by the assessee is dismissed

80A of the Act, the appellant needs to make a claim for deduction under Section 80- IA of the Act. Unless the assessee makes a claim in its return of income, no deduction can be allowed under Chapter C- Deductions in Respect of Certain Incomes. Further, as per Section 80AC of the Act, in order to claim deduction under Section

PATEL SEW JOINT VENTURE,TELANGANA vs. DCIT., CIRCLE-6(1), HYDERABAD

In the result, the cross-objection filed by the assessee is dismissed

80A of the Act, the appellant needs to make a claim for deduction under Section 80- IA of the Act. Unless the assessee makes a claim in its return of income, no deduction can be allowed under Chapter C- Deductions in Respect of Certain Incomes. Further, as per Section 80AC of the Act, in order to claim deduction under Section

SANGHI INDUSTRIES LIMITED,HYDERABAD vs. DCIT, CIRCLE -3 (1), HYDERABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

Disallowance of CSR expenses of Rs. 1,42,97,133/- against the returned income of Rs. 50,81,16,931/-. 2.1 Feeling aggrieved, the assessee raised certain objections before the Ld. DRP. The Ld. DRP, after considering the submissions of the assessee and also going through the material available on record, dismissed the objections raised by the assessee. Thereafter

SUSHEE INFRA & MINING LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-(2), HYDERABAD

In the result, appeal of the assessee in ITA No

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Charyआ.अपी.सं निर्धारण वर्ा अपीलधर्थी प्रत्‍यर्थी / Ita No. / A.Y. / Appellant / Respondent

5) is limited to determine quantum of deduction u/s 801A(1) by treating eligible business as the only source of income. Accordingly, the AR claimed that the income from other sources is also a part of eligible business and therefore is eligible for deduction u/s 801A. 5.1.3. I have considered the submissions of the appellant. Section 80A deduction is allowed

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-2(2), HYDERABAD vs. SUSHEE INFRA & MINING LIMITED, HYDERABAD

In the result, appeal of the assessee in ITA No

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Charyआ.अपी.सं निर्धारण वर्ा अपीलधर्थी प्रत्‍यर्थी / Ita No. / A.Y. / Appellant / Respondent

5) is limited to determine quantum of deduction u/s 801A(1) by treating eligible business as the only source of income. Accordingly, the AR claimed that the income from other sources is also a part of eligible business and therefore is eligible for deduction u/s 801A. 5.1.3. I have considered the submissions of the appellant. Section 80A deduction is allowed

SUSHEE INFRA & MINING LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(2), HYDERABAD

In the result, appeal of the assessee in ITA No

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Charyआ.अपी.सं निर्धारण वर्ा अपीलधर्थी प्रत्‍यर्थी / Ita No. / A.Y. / Appellant / Respondent

5) is limited to determine quantum of deduction u/s 801A(1) by treating eligible business as the only source of income. Accordingly, the AR claimed that the income from other sources is also a part of eligible business and therefore is eligible for deduction u/s 801A. 5.1.3. I have considered the submissions of the appellant. Section 80A deduction is allowed

SUSHEE INFRA & MINING LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(2), HYDERABAD

In the result, appeal of the assessee in ITA No

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Charyआ.अपी.सं निर्धारण वर्ा अपीलधर्थी प्रत्‍यर्थी / Ita No. / A.Y. / Appellant / Respondent

5) is limited to determine quantum of deduction u/s 801A(1) by treating eligible business as the only source of income. Accordingly, the AR claimed that the income from other sources is also a part of eligible business and therefore is eligible for deduction u/s 801A. 5.1.3. I have considered the submissions of the appellant. Section 80A deduction is allowed