KAPIL PROPERTY DEVELOPERS LIMITED ,HANUMAKONDA vs. DY COMMISSIONER OF INCOME TAX , HYDERABAD

In the result, the appeal filed by the assessee is allowed

Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble

reopening of the assessment and consequent assessment order passed by the AO under Section 143(3) r.w.s. 147 of the Act dated 28-12-2019 is invalid and liable to be quashed. Thus, we quash the assessment order passed by the AO. 34. The second issue that came up for our consideration from ground nos.3 and 4 of assessee

KAPIL INFRA AVENUES PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal filed by the assessee is allowed

Bench: Shri Laliet Kumar, Hon’Ble & Shri Manjunatha G, Hon’Ble

reopening of the assessment and consequent assessment order passed by the AO under Section 143(3) r.w.s. 147 of the Act dated 28-12-2019 is invalid and liable to be quashed. Thus, we quash the assessment order passed by the AO. 34. The second issue that came up for our consideration from ground nos.3 and 4 of assessee

ADALA BHANU REKHA,HYDERABAD vs. DCIT., CIRCLE-6(1), HYDERABAD

In the result, appeal filed by the assessee is allowed

Bench: Shri Manjunatha G. & Shri K. Narasimha Charyआ.अपी.सं /Ita No.583/Hyd/2024 (निर्धारण वर्ा/Assessment Year: 2017-18) Adala Bhanu Rekha Vs. Dcit Hyderabad Circle-6(1) [Pan : Accpa8679F] Hyderabad (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri Bg Reddy, Ar रधजस् व द्वधरध/Revenue By:: Shri Srinath Sadanala, Dr सुिवधई की तधरीख/Date Of Hearing: 25/11/2024 घोर्णध की तधरीख/Date Of 05/12/2024 Pronouncement: आदेश / Order Per. Manjunatha G., A.M: This Appeal Filed By The Assessee Is Directed Against The Order Dated 31/03/2024 Of The Learned Commissioner Of Income Tax (Appeals) [Learned Cit(A)], National Faceless Appeal Centre (Nfac), Delhi, Relating To A.Y.2017-18 On The Following Grounds :

property. Therefore, notice u/s 148 of the Act dated 27.03.2021 was issued. In response to the notice u/s 148 of the Act dated 27.03.2021, the assessee filed return of income on 31.03.2021. The assessee had also sought reasons for reopening of the assessment and the same was provided to the assessee on 14.01.2022. The assessee has filed objection against reopening

DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(2), HYDERABAD vs. CACHE PROPERTIES PRIVATE LIMITED , HYDERABAD

In the result, both the appeals of revenue are dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

assessing the total income at Rs. 8,39,01,215/- by treating the income shown by the assessee as income from business as against the income shown by the assessee under the head ‘income from house property. 3. Aggrieved by the order of AO, the assessee preferred an appeal before the CIT(A) raising the grounds that the reopening

DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(2), HYDERABAD vs. CACHE PROPERTIES PRIVATE LIMITED, HYDERABAD

In the result, both the appeals of revenue are dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

assessing the total income at Rs. 8,39,01,215/- by treating the income shown by the assessee as income from business as against the income shown by the assessee under the head ‘income from house property. 3. Aggrieved by the order of AO, the assessee preferred an appeal before the CIT(A) raising the grounds that the reopening

DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(2), HYDERABAD vs. COASTAL PROJECTS PRIVATE LIMITED , HYDERABAD

In the result, the C.O. filed by the assessee is allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

properties industries (P) Ltd -382 ITR 547 (Del) (iv) AV TEe Ltd -395 ITR 434 (Del) 7.5 The earned PClT, Central has mechanically and without application of mind has approved the proposal of AO to reopen the assessment. The reasons recorded, as furnished to the Appellant, are incomplete and defective because in Annexure 1 to his proposal

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

In the result, appeal of Revenue and cross objection of the assessee are dismissed

Bench: Shri Inturi Rama Rao & Shri K.Narasimha Charyआ.अपी.सं / Ita No. 22/Hyd/2020 (निर्धारण वर्ा / Assessment Year: 2013-14) Deputy Commissioner Of M/S. Nsl Properties Private Income Tax, Vs. Limited, Circle-16(1), Hyderabad Hyderabad [Pan No. Aaccn7387G] (अपीलधर्थी / Appellant) (प्रत् यर्थी / Respondent)

house property”. On this premise, according to the learned Assessing Officer an amount of Rs. 8,17,02,757/- escaped assessment. Learned Assessing Officer, therefore, reopen

SRUTHI RIEDL,HYDERABAD vs. ITO, INTERNATIONAL TAXATION-2, HYDERABAD

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarassessment Year: 2016-17 Sruthi Riedl, Income Tax Officer, Hyderabad Vs. (International [Pan No. Aggpp6953R] Taxation)-2, Hyderabad (Appellant) (Respondent) निर्धारिती द्वारा /Assessee By: Shri H. Srinivasulu, Ar /Revenue By: Ms. T. Vijaya Lakshmi, Cit-Dr राजस्‍वजस्‍व द्वारा सुनवाई ई की तारीखीख/Date Of Hearing: 28/08/2023 घोषणा की तारीखीख/Pronouncement On: 08/11/2023

house property and towards income from short term and long term capital gains, which income was reflected in the original return of income. Subsequently, the assessee filed a letter on Page 4 of 47 18.05.2021 requesting to provide the reasons for the reopening of the assessment

GUDDURI VENKATA RAJU,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

PROPERTY) in the case of Harikishore Reddy Gavireddygari (ITA 4/HYD/2023). The agreement of sale in the case of all the villa owners including the appellant mentioned the minimum (in one or two case certain less things were mentioned but mostly this was the general nature of work description) of the following specifications ( page No.52 of 121 - (SCHEDULE “D” PROPERTY

PULLALAREVU ANUSHA ,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

PROPERTY) in the case of Harikishore Reddy Gavireddygari (ITA 4/HYD/2023). The agreement of sale in the case of all the villa owners including the appellant mentioned the minimum (in one or two case certain less things were mentioned but mostly this was the general nature of work description) of the following specifications ( page No.52 of 121 - (SCHEDULE “D” PROPERTY

BALLELA SAI SREE,NELLORE vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

PROPERTY) in the case of Harikishore Reddy Gavireddygari (ITA 4/HYD/2023). The agreement of sale in the case of all the villa owners including the appellant mentioned the minimum (in one or two case certain less things were mentioned but mostly this was the general nature of work description) of the following specifications ( page No.52 of 121 - (SCHEDULE “D” PROPERTY

GUDURI VENKATA RAJU ,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3) , HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

PROPERTY) in the case of Harikishore Reddy Gavireddygari (ITA 4/HYD/2023). The agreement of sale in the case of all the villa owners including the appellant mentioned the minimum (in one or two case certain less things were mentioned but mostly this was the general nature of work description) of the following specifications ( page No.52 of 121 - (SCHEDULE “D” PROPERTY

TRICITIES SECURITY AND ALLIED SERVICES PRIVATE LIMITED,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

PROPERTY) in the case of Harikishore Reddy Gavireddygari (ITA 4/HYD/2023). The agreement of sale in the case of all the villa owners including the appellant mentioned the minimum (in one or two case certain less things were mentioned but mostly this was the general nature of work description) of the following specifications ( page No.52 of 121 - (SCHEDULE “D” PROPERTY

TRICITIES SECURITY AND ALLIED SERVICES PRIVATE LIMITED,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

PROPERTY) in the case of Harikishore Reddy Gavireddygari (ITA 4/HYD/2023). The agreement of sale in the case of all the villa owners including the appellant mentioned the minimum (in one or two case certain less things were mentioned but mostly this was the general nature of work description) of the following specifications ( page No.52 of 121 - (SCHEDULE “D” PROPERTY

PARIGE VENKAT RAM REDDY,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

PROPERTY) in the case of Harikishore Reddy Gavireddygari (ITA 4/HYD/2023). The agreement of sale in the case of all the villa owners including the appellant mentioned the minimum (in one or two case certain less things were mentioned but mostly this was the general nature of work description) of the following specifications ( page No.52 of 121 - (SCHEDULE “D” PROPERTY

SANJAY GARUDAPALLY,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

PROPERTY) in the case of Harikishore Reddy Gavireddygari (ITA 4/HYD/2023). The agreement of sale in the case of all the villa owners including the appellant mentioned the minimum (in one or two case certain less things were mentioned but mostly this was the general nature of work description) of the following specifications ( page No.52 of 121 - (SCHEDULE “D” PROPERTY

SANJAY GARUDAPALLY,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

PROPERTY) in the case of Harikishore Reddy Gavireddygari (ITA 4/HYD/2023). The agreement of sale in the case of all the villa owners including the appellant mentioned the minimum (in one or two case certain less things were mentioned but mostly this was the general nature of work description) of the following specifications ( page No.52 of 121 - (SCHEDULE “D” PROPERTY

KANIPAKAM HARI PRASAD REDDY,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

PROPERTY) in the case of Harikishore Reddy Gavireddygari (ITA 4/HYD/2023). The agreement of sale in the case of all the villa owners including the appellant mentioned the minimum (in one or two case certain less things were mentioned but mostly this was the general nature of work description) of the following specifications ( page No.52 of 121 - (SCHEDULE “D” PROPERTY

GARUDAPALLY SHRUTHI GUPTA,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

PROPERTY) in the case of Harikishore Reddy Gavireddygari (ITA 4/HYD/2023). The agreement of sale in the case of all the villa owners including the appellant mentioned the minimum (in one or two case certain less things were mentioned but mostly this was the general nature of work description) of the following specifications ( page No.52 of 121 - (SCHEDULE “D” PROPERTY