ACIT, CENTRAL CIRCLE-2(3), HYDERABAD vs. ASIAN INFRA ESTATES LLP, SECUNDERABAD

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Mahavir Singh, Hon'Ble Vice- & Shri Manjunatha, G. Accountant Hon'Bleआ.अपी.सं /Ita Nos.683/Hyd/2022 (िनधा"रण वष"/Assessment Year: 2019-20) Asstt. Commissioner Of Vs. Asian Dwellings Llp Income Tax, Hyderabad Central Circle 2(3) Pan:Abmfa1423A Hyderabad (Appellant) (Respondent) आ.अपी.सं /Ita Nos.684 & 685/Hyd/2022 (िनधा"रण वष"/Assessment Year: 2018-19 & 2019-20) Asstt. Commissioner Of Vs. Asian Infra Estates Ltd Income Tax, Hyderabad Pan:Aabca7660 & Central Circle 2(3) Hyderabad Asian Infra Estates Llp Hyderabad Pan:Abnf5143L (Appellant) (Respondent) राज" व "ारा/Revenue By:: Shri B. Balakrishna, Dr िनधा""रती "ारा/Assessee By: Shri P Murali Mohan Rao, Ca सुनवाई की तारीख/Date Of Hearing: 26/09/2024 घोषणा की तारीख/Pronouncement: 25/10/2024 आदेश/Order Per Manjunatha, G. A.M These 3 Appeals Filed By The Revenue Are Directed Against The Separate, But Identical Orders Passed By The Learned

house property. 17.9. From the above, it is undisputedly clear that the property held by the assessee was a capital asset and continued to be capital asset even after joint development agreement and thus, invoking provisions of section 28(via) is misconceived and against the spirit of law. Further, as per the explanatory memorandum to the Finance Bill

ACIT, CENTRAL CIRCLE-2(3), HYDERABAD vs. ASIAN INFRA ESTATES LIMITED, HYDERABAD

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Mahavir Singh, Hon'Ble Vice- & Shri Manjunatha, G. Accountant Hon'Bleआ.अपी.सं /Ita Nos.683/Hyd/2022 (िनधा"रण वष"/Assessment Year: 2019-20) Asstt. Commissioner Of Vs. Asian Dwellings Llp Income Tax, Hyderabad Central Circle 2(3) Pan:Abmfa1423A Hyderabad (Appellant) (Respondent) आ.अपी.सं /Ita Nos.684 & 685/Hyd/2022 (िनधा"रण वष"/Assessment Year: 2018-19 & 2019-20) Asstt. Commissioner Of Vs. Asian Infra Estates Ltd Income Tax, Hyderabad Pan:Aabca7660 & Central Circle 2(3) Hyderabad Asian Infra Estates Llp Hyderabad Pan:Abnf5143L (Appellant) (Respondent) राज" व "ारा/Revenue By:: Shri B. Balakrishna, Dr िनधा""रती "ारा/Assessee By: Shri P Murali Mohan Rao, Ca सुनवाई की तारीख/Date Of Hearing: 26/09/2024 घोषणा की तारीख/Pronouncement: 25/10/2024 आदेश/Order Per Manjunatha, G. A.M These 3 Appeals Filed By The Revenue Are Directed Against The Separate, But Identical Orders Passed By The Learned

house property. 17.9. From the above, it is undisputedly clear that the property held by the assessee was a capital asset and continued to be capital asset even after joint development agreement and thus, invoking provisions of section 28(via) is misconceived and against the spirit of law. Further, as per the explanatory memorandum to the Finance Bill

ACIT, CENTRAL CIRCLE-2(3), HYDERABAD vs. ASIAN DWELLINGS LLP, HYDERABAD

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Mahavir Singh, Hon'Ble Vice- & Shri Manjunatha, G. Accountant Hon'Bleआ.अपी.सं /Ita Nos.683/Hyd/2022 (िनधा"रण वष"/Assessment Year: 2019-20) Asstt. Commissioner Of Vs. Asian Dwellings Llp Income Tax, Hyderabad Central Circle 2(3) Pan:Abmfa1423A Hyderabad (Appellant) (Respondent) आ.अपी.सं /Ita Nos.684 & 685/Hyd/2022 (िनधा"रण वष"/Assessment Year: 2018-19 & 2019-20) Asstt. Commissioner Of Vs. Asian Infra Estates Ltd Income Tax, Hyderabad Pan:Aabca7660 & Central Circle 2(3) Hyderabad Asian Infra Estates Llp Hyderabad Pan:Abnf5143L (Appellant) (Respondent) राज" व "ारा/Revenue By:: Shri B. Balakrishna, Dr िनधा""रती "ारा/Assessee By: Shri P Murali Mohan Rao, Ca सुनवाई की तारीख/Date Of Hearing: 26/09/2024 घोषणा की तारीख/Pronouncement: 25/10/2024 आदेश/Order Per Manjunatha, G. A.M These 3 Appeals Filed By The Revenue Are Directed Against The Separate, But Identical Orders Passed By The Learned

house property. 17.9. From the above, it is undisputedly clear that the property held by the assessee was a capital asset and continued to be capital asset even after joint development agreement and thus, invoking provisions of section 28(via) is misconceived and against the spirit of law. Further, as per the explanatory memorandum to the Finance Bill

CELESTIAL AVENUES PVT LTD REP. BY CSK PROPERTIES PVT LTD ON MERGER-PAN-AADCC3990R,HYDERABAD. vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE -1(2), HYDERABAD.

In the result, all the appeals of the assessee are allowed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha G, Hon’Bleआ.अपी.सं / Ita Nos.212 To 214/Hyd/2019 (निर्धारण वर्ा / Assessment Years: 2006-07, 2007-08 & 2008-09) M/S. Sabir, Sew & The Deputy Commissioner Of Prasad, Jv, Vs. Income Tax, Hyderabad. Circle – 6(1), Hyderabad. Pan : Abcfs2425A अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent

house property’, the assessee was eligible for claiming deduction u/s. 80IA(4)(iii) of the Act as ‘business income’, for the reason that the assessee was merely engaged in developing and maintaining infrastructural facilities which arose out of a project approved by the Government of India as an eligible project for claiming deduction u/s. 80IA

DY. COMMISSIONER OF INCOME TAX , CIRCLE-6(1), HYDERABAD vs. IQBAL ALI KHAN , HYDERABAD

In the result, appeal filed by the Revenue is allowed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumarआ.अपी.सं /Ita No.505 /Hyd/2020 (िनधा"रण वष" / Assessment Year: 2013-14) Asstt. Cit Vs. Shri Iqbal Ali Khan, Circle 6(1) Hyderabad Hyderabad Pan:Aalpi8951P (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri Mohd. Afzal राज" व "ारा/Revenue By:: Smt. Sheetal Sarin, Dr सुनवाई की तारीख/Date Of Hearing: 09/01/2024 घोषणा की तारीख/Pronouncement: 12/01/2024

property for the residential purpose within the time granted by the statute and further there is no evidence to show that the assessee has invested in raising of the construction of a residential house, therefore, in our opinion, the assessee is not entitled to any relief u/s 54F. We have examined the provisions of section 54F which is the enabling

SABIR , SEW & PRASAD JV,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-6(1), HYDERABAD

In the result, all the appeals of the assessee are allowed

house property', the assessee was eligible for\nclaiming deduction u/s.80IA(4)(iii) of the Act as ‘business income', for the\nreason that the assessee was merely engaged in developing and\nmaintaining infrastructural facilities which arose out of a project\napproved by the Government of India as an eligible project for claiming\ndeduction u/s.80IA(4)(iii) of the Act. Further

SABIR, SEW & PRASAD JV,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-6(1), HYDERABAD

In the result, all the appeals of the assessee are allowed

house property', the assessee was eligible for\nclaiming deduction u/s.80IA(4)(iii) of the Act as ‘business income', for the\nreason that the assessee was merely engaged in developing and\nmaintaining infrastructural facilities which arose out of a project\napproved by the Government of India as an eligible project for claiming\ndeduction u/s.80IA(4)(iii) of the Act. Further

SABIR, SEW 7 PRASAD JV,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-6(1), HYDERABAD

In the result, all the appeals of the assessee are allowed

house property', the assessee was eligible for\nclaiming deduction u/s.80IA(4)(iii) of the Act as ‘business income', for the\nreason that the assessee was merely engaged in developing and\nmaintaining infrastructural facilities which arose out of a project\napproved by the Government of India as an eligible project for claiming\ndeduction u/s.80IA(4)(iii) of the Act. Further

ACIT., CENTRAL CIRCLE-1(1), HYDERABAD vs. GIRIDHARI CONSTRUCTIONS, HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

house collection. 9. Aggrieved by the order of the learned CIT (A), the assessee and as well as, the Revenue is in appeal before the Tribunal. Page 13 of 58 ITA Nos 214 of 2024 and others Giridhari Constructions 10. The first issue that came up for our consideration from ground of appeal filed by the assessee for the A.Ys

GIRIDHARI CONSTRUCTIONS,HYDERABAD vs. ACIT, CENTRAL CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

house collection. 9. Aggrieved by the order of the learned CIT (A), the assessee and as well as, the Revenue is in appeal before the Tribunal. Page 13 of 58 ITA Nos 214 of 2024 and others Giridhari Constructions 10. The first issue that came up for our consideration from ground of appeal filed by the assessee for the A.Ys

GIRIDHARI CONSTRUCTIONS,HYDERABAD vs. ACIT, CENTRAL CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

house collection. 9. Aggrieved by the order of the learned CIT (A), the assessee and as well as, the Revenue is in appeal before the Tribunal. Page 13 of 58 ITA Nos 214 of 2024 and others Giridhari Constructions 10. The first issue that came up for our consideration from ground of appeal filed by the assessee for the A.Ys

ACIT., CENTRAL CIRCLE-1(1), HYDERABAD vs. GIRIDHARI CONSTRUCTIONS, HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

house collection. 9. Aggrieved by the order of the learned CIT (A), the assessee and as well as, the Revenue is in appeal before the Tribunal. Page 13 of 58 ITA Nos 214 of 2024 and others Giridhari Constructions 10. The first issue that came up for our consideration from ground of appeal filed by the assessee for the A.Ys

GIRIDHARI CONSTRUCTIONS,HYDERABAD vs. ACIT, CENTRAL CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

house collection. 9. Aggrieved by the order of the learned CIT (A), the assessee and as well as, the Revenue is in appeal before the Tribunal. Page 13 of 58 ITA Nos 214 of 2024 and others Giridhari Constructions 10. The first issue that came up for our consideration from ground of appeal filed by the assessee for the A.Ys

GIRIDHARI CONSTRUCTIONS,HYDERABAD vs. ACIT, CENTRAL CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

house collection. 9. Aggrieved by the order of the learned CIT (A), the assessee and as well as, the Revenue is in appeal before the Tribunal. Page 13 of 58 ITA Nos 214 of 2024 and others Giridhari Constructions 10. The first issue that came up for our consideration from ground of appeal filed by the assessee for the A.Ys

ACIT., CENTRAL CIRCLE-1(1), HYDERABAD vs. GIRIDHARI CONSTRUCTIONS, HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

house collection. 9. Aggrieved by the order of the learned CIT (A), the assessee and as well as, the Revenue is in appeal before the Tribunal. Page 13 of 58 ITA Nos 214 of 2024 and others Giridhari Constructions 10. The first issue that came up for our consideration from ground of appeal filed by the assessee for the A.Ys

ACIT., CENTRAL CIRCLE-1(1), HYDERABAD vs. GIRIDHARI CONSTRUCTIONS, HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

house collection. 9. Aggrieved by the order of the learned CIT (A), the assessee and as well as, the Revenue is in appeal before the Tribunal. Page 13 of 58 ITA Nos 214 of 2024 and others Giridhari Constructions 10. The first issue that came up for our consideration from ground of appeal filed by the assessee for the A.Ys

GIRIDHARI CONSTRUCTIONS,HYDERABAD vs. ACIT, CENTRAL CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

house collection. 9. Aggrieved by the order of the learned CIT (A), the assessee and as well as, the Revenue is in appeal before the Tribunal. Page 13 of 58 ITA Nos 214 of 2024 and others Giridhari Constructions 10. The first issue that came up for our consideration from ground of appeal filed by the assessee for the A.Ys

GIRIDHARI CONSTRUCTIONS,HYDERABAD vs. ACIT, CENTRAL CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee for A

Bench: Shri Manjunatha, G. & Shri K. Narasimha Chary

house collection. 9. Aggrieved by the order of the learned CIT (A), the assessee and as well as, the Revenue is in appeal before the Tribunal. Page 13 of 58 ITA Nos 214 of 2024 and others Giridhari Constructions 10. The first issue that came up for our consideration from ground of appeal filed by the assessee for the A.Ys