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

194C is applicable to\npayments made by broadcasting and telecasting companies\n(including production of programs for broadcasting or telecasting)\nto advertising agencies and payments by advertising agencies to\nmedia owners (such as Doordarshan, newspapers, etc.) and it can\nnot be extended the activities of the assessee.\n14. It was submitted that after the issuance of the circular, the\nAct

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

PRATHIMA INFRASTRUCTURE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE - 2(4), HYDERABAD

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

Bench: Shri Manjunatha G. Hon’Ble & Shri K. Narasimha Chary, Hon’Bleassessment Year – 2017-18 Prathima Infrastructure Limited, Vs. The Assistant Commissioner Of Income Tax, Filmnagar, Central Circle – 2(4), Hyderabad. Hyderabad. Pan : Aabcp2098P. (Respondent) (Appellant) Assessee By: Shri K.C.Devdas, Ca Revenue By: Shri B. Bala Krishna, Cit-Dr Date Of Hearing: 10.10.2024 Date Of Pronouncement: 27.11.2024

property developer. The assessee filed its return of income for A.Y 2017-18 on 31-10-2017, declaring total income of Rs. 15,22,62,650/-, after claiming deduction under Section 80IA(4) of the Income Tax Act, 1961, amounting to Rs. 51,05,42,952/-. The case was selected for scrutiny, and during the course of assessment proceedings

RAJENDER REDDY GUNNA ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-6, HYDERABAD

1 is of mine, Sl. No. 2 is an old\nemployee of M/s. SVS Group and left the organization about two years\nback and presently in Marriguda Village, Nalgonda Dist. The names\nmentioned at Sl. No. 3 & 4 i.e., Mr. B. Sriramulu and Mr.K. Srinivas\nReddy, are my assistants and assisting me in survey of lands.\nQ. 16 As seen

RAJENDER REDDY GUNNA ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6, HYDERABAD

1,30,94,500/-, and assessed as such.\n18.\nAggrieved by the assessment order, the assessee\npreferred appeal before the learned CIT(A) and filed detailed\nwritten submissions on the issue which has been\nreproduced at para-5.2 at pages-27 and 28 of the learned\nCIT(A) order. The sum and substance of the arguments of\nthe assessee before

RAJENDER REDDY GUNNA ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6, HYDERABAD

1 is of mine, Sl. No. 2 is an old\nemployee of M/s. SVS Group and left the organization about two years\nommissack cand presently in Marriguda Village, Nalgonda Dist. The names\nmentioned at Sl. No. 3 & 4 i.e., Mr. B. Sriramulu and Mr.K. Srinivas\nReddy, are my assistants and assisting me in survey of lands.\nQ. 16 As seen

RAJENDER REDDY GUNNA ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-6, HYDERABAD

In the result, appeal ITA

1 is of mine, Sl. No. 2 is an old\nemployee of M/s. SVS Group and left the organization about two years\nback and presently in Marriguda Village, Nalgonda Dist. The names\nmentioned at Sl. No. 3 & 4 i.e., Mr. B. Sriramulu and Mr.K. Srinivas\nReddy, are my assistants and assisting me in survey of lands.\nQ. 16 As seen