BBR PROJECTS PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

In the result, appeal of the assessee is allowed in part and for statistical purposes

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

House Property. 6. On this aspect, since verification is necessary, we deem it just and proper to direct the learned Assessing Officer to verify the Memorandum/Articles of Association/relevant part of the audited annual accounts as to the clarification on the aspect of the business/profession of the assessee and if it is construction and letting out of the property then

GONUGUNTLA NIRMALA DEVI,ANNATAPUR vs. ACIT, CIRCLE-1, ANANTAPUR

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

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2016-17 Smt. Gonuguntla Nirmala Vs. Asstt. C. I. T. Devi, Anantapur Circle 1 Pan:Aipbd2345Q Anantapur (Appellant) (Respondent) Assessee By: Shri R. Venkata Ramana, Ca Revenue By: Shri M. Naveen Kumar, Dr Date Of Hearing: 25/04/2023 Date Of Pronouncement: 27/04/2023 Order Per R.K. Panda, A.M This Appeal Filed By The Assessee Is Directed Against The Order Dated 2.08.2022 Of The Learned Cit (A)-Nfac Delhi, Relating To A.Y.2016-17. 2. Facts Of The Case, In Brief, Are That The Assessee Is A Partner In M/S. Nithin Sai Construction. He Is Also A Director In M/S. Nithin Sai Agrotech (P) Ltd . The Assessee Filed Her Return Of Income Declaring Total Income At Rs.23,89,810/- Admitting Income From House Property, Business Income & From Other Sources. The Return Was Processed U/S 143(1) & Subsequently

house property”, the Page 2 of 7 ITA 413 of 2022 G Nirmala Devi Assessing Officer made addition of Rs.43,56,000/- to the total income of the assessee. 5. The Assessing Officer also disallowed the amount of Rs.86,200/- claimed as deduction towards interest on the ground that the interest pertains to loan taken for purchase of residential property

CHINTALAPATI HOLDINGS PVT.LTD., HYD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-1(2), HYD, HYDERABAD

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

deem it just and convenient to dispose of these appeals by ITA No. 385 & 386/Hyd/2015 way of this common order, taking the appeal for the assessment year 2010-11 as a lead case. 2. Briefly stated relevant facts are that the assessee company is engaged in the business of earning income by way of interest from inter corporate loans

CHINTALAPATI HOLDINGS PVT.LTD., HYD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-1(2), HYD, HYDERABAD

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

deem it just and convenient to dispose of these appeals by ITA No. 385 & 386/Hyd/2015 way of this common order, taking the appeal for the assessment year 2010-11 as a lead case. 2. Briefly stated relevant facts are that the assessee company is engaged in the business of earning income by way of interest from inter corporate loans

CHINTALAPATI HOLDINGS PRIVATE LIMITED, HYDERABAD,HYDERABAD vs. DCIT, CIRCLE-1(2), HYDERABAD, HYDERABAD

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

deem it just and convenient to dispose of these appeals by ITA No. 385 & 386/Hyd/2015 way of this common order, taking the appeal for the assessment year 2010-11 as a lead case. 2. Briefly stated relevant facts are that the assessee company is engaged in the business of earning income by way of interest from inter corporate loans

DCIT, CIRCLE-1(1), HYDERABAD, HYDERABAD vs. PRAKASH NIMMAGADDA, HYDERABAD, SECUNDERABAD

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita No.974/Hyd/2017 (िनधा"रण वष"/Assessment Year: 2008-09) Dy.Cit Vs. Shri Prakash Nimmagadda Circle 1(1) Hyderabad Hyderabad Pan:Acbpn4246R (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri K.C. Devdas, Ca राज" व "ारा/Revenue By:: Dr. Meghnath Chowhan, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 06/11/2024 घोषणा की तारीख/Pronouncement: 16/12/2024 आदेश/Order Per Vijay Pal Raothis Appeal Filed By The Revenue Is Directed Against The Order, Dated 20/03/2017 Of The Learned Cit (A)-9, Hyderabad, Relating To A.Y.2008-09. 2. The Revenue Has Raised The Following Grounds:

house rent, capital gain and other sources being interest from Bank. The assessee filed his return of income on 8/8/2008 declaring total income of Rs.28,78,260/-. The return of income was initially processed u/s 143(1) of the I.T. Act, 1961. Later on, the Assessing Officer reopened the assessment by issuing notice u/s 148 of the Act on 06/07/2012

ASST. COMMISSIONER OF INCOME TAX, CIRCLE-10(1), HYDERABAD vs. VERTEX PROJECTS LLP (FORMERLY M/S VERTEX PROJECTS LTD) , HYDERABAD

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

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarassessment Year: 2014-15 Acit,Circle-10(1) Vs. Vertex Projects Llp Room No.515, 5Th Floor, (Formerly M/S.Vertex A-Block, I.T.Towers, Projects Ltd.) A.C.Guards, #156-159, Paigah House Hyderabad. S.P.Road, Next To Pg College. Secunderabad-500 026. Pan : Aanfv0232C (Appellant) (Respondent) Assessee By: Shri Sriram Seshadri, Ca Revenue By: Shri Rajendra Kumar,Cit-Dr Date Of Hearing: 15.03.2023 Date Of Pronouncement: 28.04.2023 O R D E R Per Shri Laliet Kumar, J.M. This Is An Appeal Filed By The Revenue, Feeling Aggrieved By The Order Passed By The Learned Commissioner Of Income Tax (Appeals)-5, Dated 16.03.2018 For The Ay 2014-15, On The Following Grounds :

properties. As per our understanding, there is a distinction between “receive of property being the shares of the amalgamating companies” and “underlying assets and transfer of said assets to the amalgamated company. For the purpose of attracting the rigours of section 56(2)(viia) of the Act, the crucial date is the date of receive of any property being

THE INDUR INTIDEEPAM PRODUCERS MA CO-OP SOCIETIES FEDERATION LIMITED,NIZAMABAD vs. ITO WARD-1, NIZAMABAD

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

Bench: Shri R.K. Panda & Shri Laliet Kumar

dividends derived by the co-operative society from its investments with any other co-operative society, the whole of such income; (e) in respect of any income derived by the co-operative society from the letting of godowns or warehouses for storage, processing or facilitating the marketing of commodities, the whole of such income; 8 (f) in the case

ALLCARGO GATI LIMITED(FORMALLY KNOWN AS GATI LIMITED),SECUNDERABAD vs. ITO., WARD-2(2),, HYDERABAD

In the result, the appeal of the assessee is partly allowed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Bleassessment Year: 2009-10 All Cargo Gati Limited, Vs. The Income Tax Officer, Ward 2(2), Hyderabad. (Formerly Known As Gati Limited), Mumbai. Pan : Aabcg3709Q (Appellant) (Respondent) Assessee By: Shri Madhur Agarwal, Advocate Revenue By: Ms. K. Haritha, Cit-Dr Date Of Hearing: 27.06.2024 01.07.2024 Date Of Pronouncement:

house property of Rs.7,53,941/- and short term capital gains of Rs.18,15,36,931/-. After setting off the losses, the company admitted net loss of Rs.34,23,21,170/-. Subsequently, the assessee has filed revised return of income on 28.01.2011, declaring net loss of Rs.29,76,21,170/-, after disallowing notional loss of Rs.4

ACIT., EXEMPTIONS CIRCLE-1(1), HYDERABAD vs. PHARMACEUTICALS EXPORT PROMOTION COUNCIL OF INDIA, HYDERABAD

In the result, the appeal of Revenue is allowed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Bleassessment Year: 2016-17 The Assistant Commissioner Vs. Pharmaceuticals Export Of Income Tax, Promotion Council Of India, Exemptions, Circle – 1(1), Hyderabad. Hyderabad. Pan : Aadcp4643C (Appellant) (Respondent) Assessee By: Shri Rv. Chalam, C.A. Revenue By: Shri B. Balakrishna, Cit-Dr Date Of Hearing: 10.02.2025 Date Of Pronouncement: 11.02.2025

house, as an information centre for the members of the association and provide co-operative services in their common benefits". According to the Assessing Officer, the assessee being a National Association of Software Service Companies, it was natural for it to provide such services to its members. He noted that the services also included the following: - • "It provides information

ASST. COMMISSIONER OF INCOME TAX, (EXEMPTIONS), HYDERABAD vs. KAKATIYA URBAN DEVELOPMENT AUTHORITY , WARANGAL

In the result, all the appeals filed by the assessee are allowed for statistical purposes

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

dividends or kept in reserve funds In the present case, these attributes of a trading Corporation are absent The Corporation is established by the Act for carrying out the purposes of the Act The purposes of the Act are development of industries in the State The Corporation consists of nominees of the State Government, State Electricity Board and the Housing

KAKATIYA URBAN DEVELOPMENT AUTHORITY ,WARANGAL vs. ASST. COMMISSIONER OF INCOME TAX, (EXEMPTIONS), HYDERABAD

In the result, all the appeals filed by the assessee are allowed for statistical purposes

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

dividends or kept in reserve funds In the present case, these attributes of a trading Corporation are absent The Corporation is established by the Act for carrying out the purposes of the Act The purposes of the Act are development of industries in the State The Corporation consists of nominees of the State Government, State Electricity Board and the Housing

ASST. COMMISSIONER OF INCOME TAX, (EXEMPTIONS), HYDERABAD vs. KAKATIYA URBAN DEVELOPMENT AUTHORITY, HYDERABAD

In the result, all the appeals filed by the assessee are allowed for statistical purposes

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

dividends or kept in reserve funds In the present case, these attributes of a trading Corporation are absent The Corporation is established by the Act for carrying out the purposes of the Act The purposes of the Act are development of industries in the State The Corporation consists of nominees of the State Government, State Electricity Board and the Housing

KAKATIYA URBAN DEVELOPMENT AUTHORITY ,WARANGAL vs. ASST. COMMISSIONER OF INCOME TAX, (EXEMPTIONS), HYDERABAD

In the result, all the appeals filed by the assessee are allowed for statistical purposes

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

dividends or kept in reserve funds In the present case, these attributes of a trading Corporation are absent The Corporation is established by the Act for carrying out the purposes of the Act The purposes of the Act are development of industries in the State The Corporation consists of nominees of the State Government, State Electricity Board and the Housing

KAKATIYA URBAN DEVELOPMENT AUTHORITY ,WARANGAL vs. ASST. COMMISSIONER OF INCOME TAX, (EXEMPTIONS), HYDERABAD

In the result, all the appeals filed by the assessee are allowed for statistical purposes

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

dividends or kept in reserve funds In the present case, these attributes of a trading Corporation are absent The Corporation is established by the Act for carrying out the purposes of the Act The purposes of the Act are development of industries in the State The Corporation consists of nominees of the State Government, State Electricity Board and the Housing

KAKATIYA URBAN DEVELOPMENT AUTHORITY ,WARANGAL vs. ASST. COMMISSIONER OF INCOME TAX, (EXEMPTIONS), HYDERABAD

In the result, all the appeals filed by the assessee are allowed for statistical purposes

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

dividends or kept in reserve funds In the present case, these attributes of a trading Corporation are absent The Corporation is established by the Act for carrying out the purposes of the Act The purposes of the Act are development of industries in the State The Corporation consists of nominees of the State Government, State Electricity Board and the Housing

ASST. COMMISSIONER OF INCOME TAX, (EXEMPTIONS), HYDERABAD vs. KAKATIYA URBAN DEVELOPMENT AUTHORITY, WARANGAL

In the result, all the appeals filed by the assessee are allowed for statistical purposes

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

dividends or kept in reserve funds In the present case, these attributes of a trading Corporation are absent The Corporation is established by the Act for carrying out the purposes of the Act The purposes of the Act are development of industries in the State The Corporation consists of nominees of the State Government, State Electricity Board and the Housing

KAKATIYA URBAN DEVELOPMENT AUTHORITY ,WARANGAL vs. ASST. COMMISSIONER OF INCOME TAX, (EXEMPTIONS), HYDERABAD

In the result, all the appeals filed by the assessee are allowed for statistical purposes

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

dividends or kept in reserve funds In the present case, these attributes of a trading Corporation are absent The Corporation is established by the Act for carrying out the purposes of the Act The purposes of the Act are development of industries in the State The Corporation consists of nominees of the State Government, State Electricity Board and the Housing