INDUKURI SUNDARI, HYDERABAD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-2(1), HYDERABAD, HYDERABAD

In the result, appeals of both assessee’s are allowed as indicated above

Bench: Shri C.N. Prasad, Hon'Ble & Shri M. Balaganesh, Hon'Blesmt Indukuri Sundari V. Dcit – Central Circle - 2(1) Plot No. 973/A, Road No. 49 Aayakar Bhavan Hyderabad Jubilee Hills Hyderabad – 500 033 Pan: Aakpi8049P (Appellant) (Respondent) Shri Indukuri Syam Prasad Reddy V. Dcit – Central Circle - 2(1) Plot No. 973/A, Road No. 49 Aayakar Bhavan Hyderabad Jubilee Hills Hyderabad – 500 033 Pan: Aadpi1621C (Appellant) (Respondent) : Shri Mohammad Afzal Assessee By Department By : Shri M.V.S.T. Sai

section 153A of the Act explained the procedure of assessments, abated assessments and the manner in which the assessment should be framed, which was further supported by circular no.7 of 2003 issued by the CBDT. When the law has explained the position of abated assessments, then the same way the completed assessment should be treated so as to understand that

PREETHI FOODS AND VILLAS PRIVATE LIMITED ,KHAMMAM vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD

Bench: Shri A. Mohan Alankamony & Shri S.S. Godara

143(3) assessment on 03.03.2016 followed by section 148 notice issued on 29.03.2019 i.e. beyond a period of 4 years from the end of the relevant assessment year. We thus quote section 147 first proviso in light of our detailed discussion in preceding paragraphs to quash the impugned re- opening. All other pleadings on merits are rendered academic. 42. This

INDUR DEVELOPERS AND AGENCIES PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD

Bench: Shri A. Mohan Alankamony & Shri S.S. Godara

143(3) assessment on 03.03.2016 followed by section 148 notice issued on 29.03.2019 i.e. beyond a period of 4 years from the end of the relevant assessment year. We thus quote section 147 first proviso in light of our detailed discussion in preceding paragraphs to quash the impugned re- opening. All other pleadings on merits are rendered academic. 42. This

KAPIL FOOD AND STRUCTURE PRIVATE LIMITED ,WARANGAL vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD

Bench: Shri A. Mohan Alankamony & Shri S.S. Godara

143(3) assessment on 03.03.2016 followed by section 148 notice issued on 29.03.2019 i.e. beyond a period of 4 years from the end of the relevant assessment year. We thus quote section 147 first proviso in light of our detailed discussion in preceding paragraphs to quash the impugned re- opening. All other pleadings on merits are rendered academic. 42. This

KASUSALYA SHELTERS PRIVATE LIMITED ,KARIMNAGAR vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

Bench: Shri A. Mohan Alankamony & Shri S.S. Godara

143(3) assessment on 03.03.2016 followed by section 148 notice issued on 29.03.2019 i.e. beyond a period of 4 years from the end of the relevant assessment year. We thus quote section 147 first proviso in light of our detailed discussion in preceding paragraphs to quash the impugned re- opening. All other pleadings on merits are rendered academic. 42. This

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

Bench: Shri A. Mohan Alankamony & Shri S.S. Godara

143(3) assessment on 03.03.2016 followed by section 148 notice issued on 29.03.2019 i.e. beyond a period of 4 years from the end of the relevant assessment year. We thus quote section 147 first proviso in light of our detailed discussion in preceding paragraphs to quash the impugned re- opening. All other pleadings on merits are rendered academic. 42. This

INDUR DEVELOPERS AND AGENCIES PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD

Bench: Shri A. Mohan Alankamony & Shri S.S. Godara

143(3) assessment on 03.03.2016 followed by section 148 notice issued on 29.03.2019 i.e. beyond a period of 4 years from the end of the relevant assessment year. We thus quote section 147 first proviso in light of our detailed discussion in preceding paragraphs to quash the impugned re- opening. All other pleadings on merits are rendered academic. 42. This

KAUSALYA AGRO FORMS & DEVELOPERS PRIVATE LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD

Bench: Shri A. Mohan Alankamony & Shri S.S. Godara

143(3) assessment on 03.03.2016 followed by section 148 notice issued on 29.03.2019 i.e. beyond a period of 4 years from the end of the relevant assessment year. We thus quote section 147 first proviso in light of our detailed discussion in preceding paragraphs to quash the impugned re- opening. All other pleadings on merits are rendered academic. 42. This

KAUSALYA MANAGEMENT SERVICES AND STRUCTURE PRIVATE LIMITED ,KARIMNAGAR vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD

Bench: Shri A. Mohan Alankamony & Shri S.S. Godara

143(3) assessment on 03.03.2016 followed by section 148 notice issued on 29.03.2019 i.e. beyond a period of 4 years from the end of the relevant assessment year. We thus quote section 147 first proviso in light of our detailed discussion in preceding paragraphs to quash the impugned re- opening. All other pleadings on merits are rendered academic. 42. This

UJWALA PUBLICATIONS AND DEVELOPERS PRIVATE LIMITED ,WARANGAL vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD

Bench: Shri A. Mohan Alankamony & Shri S.S. Godara

143(3) assessment on 03.03.2016 followed by section 148 notice issued on 29.03.2019 i.e. beyond a period of 4 years from the end of the relevant assessment year. We thus quote section 147 first proviso in light of our detailed discussion in preceding paragraphs to quash the impugned re- opening. All other pleadings on merits are rendered academic. 42. This

KAUSALYA MANAGEMENT SERVICES AND STRUCTURE PRIVATE LIMITED,KARIMNAGAR vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD

Bench: Shri A. Mohan Alankamony & Shri S.S. Godara

143(3) assessment on 03.03.2016 followed by section 148 notice issued on 29.03.2019 i.e. beyond a period of 4 years from the end of the relevant assessment year. We thus quote section 147 first proviso in light of our detailed discussion in preceding paragraphs to quash the impugned re- opening. All other pleadings on merits are rendered academic. 42. This

KAUSALYA AGRO FORMS & DEVELOPERS PRIVATE LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD

Bench: Shri A. Mohan Alankamony & Shri S.S. Godara

143(3) assessment on 03.03.2016 followed by section 148 notice issued on 29.03.2019 i.e. beyond a period of 4 years from the end of the relevant assessment year. We thus quote section 147 first proviso in light of our detailed discussion in preceding paragraphs to quash the impugned re- opening. All other pleadings on merits are rendered academic. 42. This

PREETHI FOODS AND VILLAS PRIVATE LIMITED ,KHAMMAM vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD

Bench: Shri A. Mohan Alankamony & Shri S.S. Godara

143(3) assessment on 03.03.2016 followed by section 148 notice issued on 29.03.2019 i.e. beyond a period of 4 years from the end of the relevant assessment year. We thus quote section 147 first proviso in light of our detailed discussion in preceding paragraphs to quash the impugned re- opening. All other pleadings on merits are rendered academic. 42. This

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

In the result, the Revenue’s appeal is dismissed

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamony

143(2) and 142(1) of the Act were issued and served on the assessee. 2 ITA No. 124/Hyd/2020 AY 2012-13 M/s Cache Properties Pvt.Ltd. 3. During the assessment proceedings, the assessee was required to furnish certain information and the assessee complied with the same. After perusal of the relevant information, the Assessing Officer observed that the assessee

DCIT., (INTERNATIONAL TAXATION)-1, HYDERABAD vs. SYAMA REDDY MALI REDDY, HYDERABAD

properties other than the\nnew residential house on the date of transfer of the original asset.\nAccordingly, the A.O. vide his order passed under Section 143(3

SRIDHAR REDDY BAYAPU,HYDERABAD vs. DCIT., CIRCLE-3(1), HYDERABAD

Bench: Us:

143(3) of the Act, dated 30/12/2018, wherein the assessee’s claim for exemption raised under Section 54 of the Act on sale of a residential property for Rs.72.54 lacs based on investment made by him in a new residential property was declined. 5. Aggrieved, the assessee carried the matter in appeal before the CIT(A) who upheld the declining

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

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

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahman

143(2) and 142(1) of the Act were issued and served on the assessee. 3. During the assessment proceedings, the assessee was required to furnish certain information and the assessee complied with the same. After perusal of the relevant information, the Assessing Officer observed that the assessee is engaged in the business of development of commercial property and letting

TARA CHAND BOPPANA,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal filed by the Revenue is dismissed

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

143(3) read with Section 153A of the Act on 29.09.2021 and determined the total income at Rs.4,47,29,559/- by making various additions, including addition towards unaccounted cash receipts towards sale of commercial space in Sarat City Capital Mall, capital gain on sale of property, addition towards capital gain by invoking provisions of Section 50C of the Income

SARAT GOPAL BOPPANA,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal filed by the Revenue is dismissed

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

143(3) read with Section 153A of the Act on 29.09.2021 and determined the total income at Rs.4,47,29,559/- by making various additions, including addition towards unaccounted cash receipts towards sale of commercial space in Sarat City Capital Mall, capital gain on sale of property, addition towards capital gain by invoking provisions of Section 50C of the Income