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24 results for “house property”+ Section 270A(2)(a)clear

Sorted by relevance

Delhi131Mumbai109Jaipur67Chandigarh52Bangalore34Chennai31Ahmedabad30Hyderabad24Pune14Indore13Kolkata11Nagpur8Rajkot5Visakhapatnam5Surat5Lucknow4Raipur3Amritsar2Guwahati2Patna1

Key Topics

Section 270A11Section 54F9Section 80I4Capital Gains4Deduction4Penalty4Section 143(3)3Long Term Capital Gains3Exemption3

INCOME TAX OFFICER, WARD-2(1), HYDERABAD vs. NARASIMHA REDDY DUTHALA, HYDERABAD

In the result, appeal of the Revenue is dismissed

ITA 1113/HYD/2024[2022-23]Status: DisposedITAT Hyderabad09 May 2025AY 2022-23
For Respondent: MS. M. Narmada, CIT-DR
Section 54Section 54F

property was under construction and not income-generating. The investments were made within the prescribed due dates, and the purchase was for constructing a residential house, not just vacant land.", "result": "Allowed", "sections": [ "54F", "139(1)", "44AB", "270A(9)", "234F", "123", "2

PENNINTI VIVEKANANDA RAO,HYDERABAD vs. ADIT (INT TAXN)-2, HYDERABAD

In the result, the appeal of the assessee is allowed

ITA 1494/HYD/2025[2020-21]Status: DisposedITAT Hyderabad

Showing 1–20 of 24 · Page 1 of 2

Addition to Income3
Section 50C2
Section 1482
19 Nov 2025
AY 2020-21

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.1494/Hyd/2025 (िनधा"रण वष"/Assessment Year: 2020-21) Shri Penninti Vivekananda Vs. Adit (International Rao, Hyderabad Taxation)-2 Pan:Ayupp1895L Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Advocate H Srinivasulu राज" व "ारा/Revenue By:: Smt. U Mini Chandran, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 13/11/2025 घोषणा की तारीख/Pronouncement: 19/11/2025 आदेश/Order Per Madhusudan Sawdia, A.M.: This Appeal Is Filed By Shri Penninti Vivekananda Rao (“The Assessee”), Feeling Aggrieved By The Order Passed By The Learned Commissioner Of Income Tax (Appeals)-10, Hyderabad (“Ld. Cit(A)”) Dated 29.07.2025 For The A.Y 2020-21. 2. The Assessee Has Raised The Following Grounds Of Appeal:

For Appellant: Advocate H SrinivasuluFor Respondent: : Smt. U Mini Chandran, CIT(DR)
Section 143(2)Section 270A

section 270A of the Act. From the facts discussed earlier, it can be noticed that the addition came to be made on account of change in the head of income for assessing the rental income. We noticed that the assessee had offered rental income under the head “Income from House Property,” but the assessing officer has assessed the same under

SANGHI INDUSTRIES LIMITED,HYDERABAD vs. DCIT, CIRCLE -3 (1), HYDERABAD

In the result, the appeal of the assessee is dismissed

ITA 104/HYD/2022[2017-18]Status: DisposedITAT Hyderabad23 Jan 2025AY 2017-18

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

For Appellant: Shri Vartik Choksi, ARFor Respondent: Ms. K. Haritha, CIT-DR
Section 143(3)Section 80ISection 92CSection 92E

270A of the Act for under- reporting of income. Feeling aggrieved by the directions of the Ld. DRP / Assessment Order, the assessee preferred the present appeal before the Tribunal by raising the above-extracted grounds. 3. The Ld. AR has submitted that the assessee has not claimed deduction U/s. 80IA of the Act in the return of income filed

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

ITA 1053/HYD/2025[2021-2022]Status: DisposedITAT Hyderabad21 Jan 2026AY 2021-2022
For Appellant: \nShri Naresh Jain, AdvocateFor Respondent: MS Reema Yadav, Sr. AR
Section 270A

270A of the Act and, therefore, the reasons explained\nby the assessee are factually not disputed because the\ndecision to file the appeal has been taken only after the\npenalty order passed by the Assessing Officer. The Assessee\nhas explained the reasons for delay that only after the levy of\npenalty, the assessee has an imminent risk of facing

HIGHRADIUS TECHNOLOGIES PRIVATE LIMITED,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE -2(1), HYDERABAD

ITA 436/HYD/2024[2020-21]Status: HeardITAT Hyderabad12 Nov 2025AY 2020-21

Bench: Us:

Section 143(1)Section 143(3)Section 144B

house R&D projects, i.e., investment in technology IP development, especially those related to automotive, broadcast, and communication. 28. We, thus, in terms of our aforementioned observations are of the view that Tata Elxsi Ltd (supra) operates in the fields of product design, engineering, and R&D, providing solutions for automotive broadcast, healthcare sectors, and further owns intellectual property

LEKHA REDDY METTU,USA vs. ACIT., INTERNATIONAL TAXATION-1, HYDERABAD

In the result, appeals filed by both the assessees are dismissed

ITA 231/HYD/2024[2017-2018]Status: DisposedITAT Hyderabad29 May 2024AY 2017-2018

Bench: Shri Laliet Kumar & Shri Manjunatha, G.आ.अपी.सं /Ita No.231/Hyd/2024 (िनधा"रण वष" / Assessment Year: 2017-18) Smt. Lekha Reddy Mettu Vs. Acit (International Usa/Hyderabad Taxation-1) Pan:Bnhpm0166N Hyderabad (Appellant) (Respondent) आ.अपी.सं /Ita No.232/Hyd/2024 (िनधा"रण वष" / Assessment Year: 2017-18) Shri Sudhakar Reddy Vs. Acit (International Mettu, Usa/ Hyderabad Taxation-1) Pan:Bnhpm0447G Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Ca Akshay Surana राज" व "ारा/Revenue By:: Shri Jeeval Lal Lavidiya, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 27/05/2024 घोषणा की तारीख/Pronouncement: 29/05/2024

For Appellant: CA Akshay SuranaFor Respondent: : Shri Jeeval Lal Lavidiya, CIT(DR)
Section 142(1)Section 147Section 148Section 270ASection 50CSection 54F

property all the land admeasuring acrs 4.505 in Survey No.14 of Guttala Begumpet Village, Serlingampally Mandal Rangareddy District(21806 Sq.Yds with approximate built up area of 2,75,00,000 sft) registered vide DAGPA document No.6418/2016 dated 31-05-2016, for a total sale consideration of Rs.43,61,20,000/- as against SRO value of Rs.62

SUDHAKAR REDDY METTU,USA vs. ACIT., INTERNATIONAL TAXATION-1, HYDERABAD

In the result, appeals filed by both the assessees are dismissed

ITA 232/HYD/2024[2017-2018]Status: DisposedITAT Hyderabad29 May 2024AY 2017-2018

Bench: Shri Laliet Kumar & Shri Manjunatha, G.आ.अपी.सं /Ita No.231/Hyd/2024 (िनधा"रण वष" / Assessment Year: 2017-18) Smt. Lekha Reddy Mettu Vs. Acit (International Usa/Hyderabad Taxation-1) Pan:Bnhpm0166N Hyderabad (Appellant) (Respondent) आ.अपी.सं /Ita No.232/Hyd/2024 (िनधा"रण वष" / Assessment Year: 2017-18) Shri Sudhakar Reddy Vs. Acit (International Mettu, Usa/ Hyderabad Taxation-1) Pan:Bnhpm0447G Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Ca Akshay Surana राज" व "ारा/Revenue By:: Shri Jeeval Lal Lavidiya, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 27/05/2024 घोषणा की तारीख/Pronouncement: 29/05/2024

For Appellant: CA Akshay SuranaFor Respondent: : Shri Jeeval Lal Lavidiya, CIT(DR)
Section 142(1)Section 147Section 148Section 270ASection 50CSection 54F

property all the land admeasuring acrs 4.505 in Survey No.14 of Guttala Begumpet Village, Serlingampally Mandal Rangareddy District(21806 Sq.Yds with approximate built up area of 2,75,00,000 sft) registered vide DAGPA document No.6418/2016 dated 31-05-2016, for a total sale consideration of Rs.43,61,20,000/- as against SRO value of Rs.62

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. SYLNS AGRO DEVELOPERS PRIVATE LIMITED, HYDERABAD

In the result, all the six appeals filed by the Revenue

ITA 404/HYD/2023[2020-21]Status: DisposedITAT Hyderabad30 Sept 2024AY 2020-21

Bench: Shri Laliet Kumar & Shri Manjunatha, G.S.No Appeal In Ita No. Assessee Respondent A.Y 1 381/Hyd/2023 Acit Central Circle Bhoomika Agro 2020-21 2(2) Hyderabad Farms (P) Ltd Hyderabad Pan:Aafcb6665G 2 382/Hyd/2023 -Do- -Do- 2021-22 3 Co 7/Hyd/2023 Bhoomika Agro Acit Central Circle 2020-21 (Ita 381/H/23) Farms (P) Ltd 2(2) Hyderabad Hyderabad Pan:Aafcb6665G 4 Co 8/Hyd/2023 -Do- -Do- 2021-22 (Ita 382/H/23) 5 385/Hyd/2023 -Do- Sunshine Estate 2019-20 Construction India Llp, Hyderabad Pan:Adrfs0667D 6 386/Hyd/2023 -Do- -Do- 2020-21 7 387/Hyd/2023 -Do- -Do- 2022-22 8 Co3/Hyd/2023 Sunshine Estate Acit Central Circle 2019-20 (Ita 385/H/23) Construction India 2(2) Hyderabad Llp, Hyderabad Pan:Adrfs0667D 9 Co4/Hyd/2023 -Do- -Do- 2020-21 (Ita 386/H/23) 10 Co5/Hyd/2023 -Do- -Do- 2021-22 (Ita 387/H/23) 11 388/Hyd/2023 -Do- Krishi Housing (P) 2017-18 Ltd Hyderabad Pan:Aafck9740B 12 389/Hyd/2023 -Do- -Do- 2018-19 13 390/Hyd/2023 -Do- -Do- 2019-20 14 391/Hyd/2023 -Do- -Do- 2020-21 15 392/Hyd/2023 -Do- -Do- 2021-22 16 Co9/Hyd/2023 Krishi Housing (P) Acit Central Circle 2017-18 (Ita 388/H/23) Ltd Hyderabad 2(2) Hyderabad Pan:Aafck9740B

2. Ld.CIT(A) erred in Law while comparing the estimation in the hands of the Spectra Group has failed to distinguish the fact that it involved in sale of plot, not in aggregation. 3. Ld.CIT(A) erred in Law failing to verify the outward movement of cash portion of transactions to the different parties from whom loan was aggregated

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. SYLNS AGRO DEVELOPERS PRIVATE LIMITED, HYDERABAD

In the result, all the six appeals filed by the Revenue

ITA 402/HYD/2023[2018-19]Status: DisposedITAT Hyderabad30 Sept 2024AY 2018-19

Bench: Shri Laliet Kumar & Shri Manjunatha, G.S.No Appeal In Ita No. Assessee Respondent A.Y 1 381/Hyd/2023 Acit Central Circle Bhoomika Agro 2020-21 2(2) Hyderabad Farms (P) Ltd Hyderabad Pan:Aafcb6665G 2 382/Hyd/2023 -Do- -Do- 2021-22 3 Co 7/Hyd/2023 Bhoomika Agro Acit Central Circle 2020-21 (Ita 381/H/23) Farms (P) Ltd 2(2) Hyderabad Hyderabad Pan:Aafcb6665G 4 Co 8/Hyd/2023 -Do- -Do- 2021-22 (Ita 382/H/23) 5 385/Hyd/2023 -Do- Sunshine Estate 2019-20 Construction India Llp, Hyderabad Pan:Adrfs0667D 6 386/Hyd/2023 -Do- -Do- 2020-21 7 387/Hyd/2023 -Do- -Do- 2022-22 8 Co3/Hyd/2023 Sunshine Estate Acit Central Circle 2019-20 (Ita 385/H/23) Construction India 2(2) Hyderabad Llp, Hyderabad Pan:Adrfs0667D 9 Co4/Hyd/2023 -Do- -Do- 2020-21 (Ita 386/H/23) 10 Co5/Hyd/2023 -Do- -Do- 2021-22 (Ita 387/H/23) 11 388/Hyd/2023 -Do- Krishi Housing (P) 2017-18 Ltd Hyderabad Pan:Aafck9740B 12 389/Hyd/2023 -Do- -Do- 2018-19 13 390/Hyd/2023 -Do- -Do- 2019-20 14 391/Hyd/2023 -Do- -Do- 2020-21 15 392/Hyd/2023 -Do- -Do- 2021-22 16 Co9/Hyd/2023 Krishi Housing (P) Acit Central Circle 2017-18 (Ita 388/H/23) Ltd Hyderabad 2(2) Hyderabad Pan:Aafck9740B

2. Ld.CIT(A) erred in Law while comparing the estimation in the hands of the Spectra Group has failed to distinguish the fact that it involved in sale of plot, not in aggregation. 3. Ld.CIT(A) erred in Law failing to verify the outward movement of cash portion of transactions to the different parties from whom loan was aggregated

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. SYLNS AGRO DEVELOPERS PRIVATE LIMITED, HYDERABAD

In the result, all the six appeals filed by the Revenue

ITA 400/HYD/2023[2016-17]Status: DisposedITAT Hyderabad30 Sept 2024AY 2016-17

Bench: Shri Laliet Kumar & Shri Manjunatha, G.S.No Appeal In Ita No. Assessee Respondent A.Y 1 381/Hyd/2023 Acit Central Circle Bhoomika Agro 2020-21 2(2) Hyderabad Farms (P) Ltd Hyderabad Pan:Aafcb6665G 2 382/Hyd/2023 -Do- -Do- 2021-22 3 Co 7/Hyd/2023 Bhoomika Agro Acit Central Circle 2020-21 (Ita 381/H/23) Farms (P) Ltd 2(2) Hyderabad Hyderabad Pan:Aafcb6665G 4 Co 8/Hyd/2023 -Do- -Do- 2021-22 (Ita 382/H/23) 5 385/Hyd/2023 -Do- Sunshine Estate 2019-20 Construction India Llp, Hyderabad Pan:Adrfs0667D 6 386/Hyd/2023 -Do- -Do- 2020-21 7 387/Hyd/2023 -Do- -Do- 2022-22 8 Co3/Hyd/2023 Sunshine Estate Acit Central Circle 2019-20 (Ita 385/H/23) Construction India 2(2) Hyderabad Llp, Hyderabad Pan:Adrfs0667D 9 Co4/Hyd/2023 -Do- -Do- 2020-21 (Ita 386/H/23) 10 Co5/Hyd/2023 -Do- -Do- 2021-22 (Ita 387/H/23) 11 388/Hyd/2023 -Do- Krishi Housing (P) 2017-18 Ltd Hyderabad Pan:Aafck9740B 12 389/Hyd/2023 -Do- -Do- 2018-19 13 390/Hyd/2023 -Do- -Do- 2019-20 14 391/Hyd/2023 -Do- -Do- 2020-21 15 392/Hyd/2023 -Do- -Do- 2021-22 16 Co9/Hyd/2023 Krishi Housing (P) Acit Central Circle 2017-18 (Ita 388/H/23) Ltd Hyderabad 2(2) Hyderabad Pan:Aafck9740B

2. Ld.CIT(A) erred in Law while comparing the estimation in the hands of the Spectra Group has failed to distinguish the fact that it involved in sale of plot, not in aggregation. 3. Ld.CIT(A) erred in Law failing to verify the outward movement of cash portion of transactions to the different parties from whom loan was aggregated

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. SYLNS AGRO DEVELOPERS PRIVATE LIMITED, HYDERABAD

In the result, all the six appeals filed by the Revenue

ITA 401/HYD/2023[2017-18]Status: DisposedITAT Hyderabad30 Sept 2024AY 2017-18

Bench: Shri Laliet Kumar & Shri Manjunatha, G.S.No Appeal In Ita No. Assessee Respondent A.Y 1 381/Hyd/2023 Acit Central Circle Bhoomika Agro 2020-21 2(2) Hyderabad Farms (P) Ltd Hyderabad Pan:Aafcb6665G 2 382/Hyd/2023 -Do- -Do- 2021-22 3 Co 7/Hyd/2023 Bhoomika Agro Acit Central Circle 2020-21 (Ita 381/H/23) Farms (P) Ltd 2(2) Hyderabad Hyderabad Pan:Aafcb6665G 4 Co 8/Hyd/2023 -Do- -Do- 2021-22 (Ita 382/H/23) 5 385/Hyd/2023 -Do- Sunshine Estate 2019-20 Construction India Llp, Hyderabad Pan:Adrfs0667D 6 386/Hyd/2023 -Do- -Do- 2020-21 7 387/Hyd/2023 -Do- -Do- 2022-22 8 Co3/Hyd/2023 Sunshine Estate Acit Central Circle 2019-20 (Ita 385/H/23) Construction India 2(2) Hyderabad Llp, Hyderabad Pan:Adrfs0667D 9 Co4/Hyd/2023 -Do- -Do- 2020-21 (Ita 386/H/23) 10 Co5/Hyd/2023 -Do- -Do- 2021-22 (Ita 387/H/23) 11 388/Hyd/2023 -Do- Krishi Housing (P) 2017-18 Ltd Hyderabad Pan:Aafck9740B 12 389/Hyd/2023 -Do- -Do- 2018-19 13 390/Hyd/2023 -Do- -Do- 2019-20 14 391/Hyd/2023 -Do- -Do- 2020-21 15 392/Hyd/2023 -Do- -Do- 2021-22 16 Co9/Hyd/2023 Krishi Housing (P) Acit Central Circle 2017-18 (Ita 388/H/23) Ltd Hyderabad 2(2) Hyderabad Pan:Aafck9740B

2. Ld.CIT(A) erred in Law while comparing the estimation in the hands of the Spectra Group has failed to distinguish the fact that it involved in sale of plot, not in aggregation. 3. Ld.CIT(A) erred in Law failing to verify the outward movement of cash portion of transactions to the different parties from whom loan was aggregated

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. SYLNS AGRO DEVELOPERS PRIVATE LIMITED, HYDERABAD

In the result, all the six appeals filed by the Revenue

ITA 403/HYD/2023[2019-20]Status: DisposedITAT Hyderabad30 Sept 2024AY 2019-20

Bench: Shri Laliet Kumar & Shri Manjunatha, G.S.No Appeal In Ita No. Assessee Respondent A.Y 1 381/Hyd/2023 Acit Central Circle Bhoomika Agro 2020-21 2(2) Hyderabad Farms (P) Ltd Hyderabad Pan:Aafcb6665G 2 382/Hyd/2023 -Do- -Do- 2021-22 3 Co 7/Hyd/2023 Bhoomika Agro Acit Central Circle 2020-21 (Ita 381/H/23) Farms (P) Ltd 2(2) Hyderabad Hyderabad Pan:Aafcb6665G 4 Co 8/Hyd/2023 -Do- -Do- 2021-22 (Ita 382/H/23) 5 385/Hyd/2023 -Do- Sunshine Estate 2019-20 Construction India Llp, Hyderabad Pan:Adrfs0667D 6 386/Hyd/2023 -Do- -Do- 2020-21 7 387/Hyd/2023 -Do- -Do- 2022-22 8 Co3/Hyd/2023 Sunshine Estate Acit Central Circle 2019-20 (Ita 385/H/23) Construction India 2(2) Hyderabad Llp, Hyderabad Pan:Adrfs0667D 9 Co4/Hyd/2023 -Do- -Do- 2020-21 (Ita 386/H/23) 10 Co5/Hyd/2023 -Do- -Do- 2021-22 (Ita 387/H/23) 11 388/Hyd/2023 -Do- Krishi Housing (P) 2017-18 Ltd Hyderabad Pan:Aafck9740B 12 389/Hyd/2023 -Do- -Do- 2018-19 13 390/Hyd/2023 -Do- -Do- 2019-20 14 391/Hyd/2023 -Do- -Do- 2020-21 15 392/Hyd/2023 -Do- -Do- 2021-22 16 Co9/Hyd/2023 Krishi Housing (P) Acit Central Circle 2017-18 (Ita 388/H/23) Ltd Hyderabad 2(2) Hyderabad Pan:Aafck9740B

2. Ld.CIT(A) erred in Law while comparing the estimation in the hands of the Spectra Group has failed to distinguish the fact that it involved in sale of plot, not in aggregation. 3. Ld.CIT(A) erred in Law failing to verify the outward movement of cash portion of transactions to the different parties from whom loan was aggregated

ASSISTANT COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-2(2), HYDERABAD vs. KRISHNA REDDY GUJJULA, NALGONDA

In the result, all the six appeals filed by the Revenue

ITA 398/HYD/2023[2021-22]Status: DisposedITAT Hyderabad30 Sept 2024AY 2021-22

Bench: Shri Laliet Kumar & Shri Manjunatha, G.S.No Appeal In Ita No. Assessee Respondent A.Y 1 381/Hyd/2023 Acit Central Circle Bhoomika Agro 2020-21 2(2) Hyderabad Farms (P) Ltd Hyderabad Pan:Aafcb6665G 2 382/Hyd/2023 -Do- -Do- 2021-22 3 Co 7/Hyd/2023 Bhoomika Agro Acit Central Circle 2020-21 (Ita 381/H/23) Farms (P) Ltd 2(2) Hyderabad Hyderabad Pan:Aafcb6665G 4 Co 8/Hyd/2023 -Do- -Do- 2021-22 (Ita 382/H/23) 5 385/Hyd/2023 -Do- Sunshine Estate 2019-20 Construction India Llp, Hyderabad Pan:Adrfs0667D 6 386/Hyd/2023 -Do- -Do- 2020-21 7 387/Hyd/2023 -Do- -Do- 2022-22 8 Co3/Hyd/2023 Sunshine Estate Acit Central Circle 2019-20 (Ita 385/H/23) Construction India 2(2) Hyderabad Llp, Hyderabad Pan:Adrfs0667D 9 Co4/Hyd/2023 -Do- -Do- 2020-21 (Ita 386/H/23) 10 Co5/Hyd/2023 -Do- -Do- 2021-22 (Ita 387/H/23) 11 388/Hyd/2023 -Do- Krishi Housing (P) 2017-18 Ltd Hyderabad Pan:Aafck9740B 12 389/Hyd/2023 -Do- -Do- 2018-19 13 390/Hyd/2023 -Do- -Do- 2019-20 14 391/Hyd/2023 -Do- -Do- 2020-21 15 392/Hyd/2023 -Do- -Do- 2021-22 16 Co9/Hyd/2023 Krishi Housing (P) Acit Central Circle 2017-18 (Ita 388/H/23) Ltd Hyderabad 2(2) Hyderabad Pan:Aafck9740B

2. Ld.CIT(A) erred in Law while comparing the estimation in the hands of the Spectra Group has failed to distinguish the fact that it involved in sale of plot, not in aggregation. 3. Ld.CIT(A) erred in Law failing to verify the outward movement of cash portion of transactions to the different parties from whom loan was aggregated

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. SYLNS AGRO DEVELOPERS PRIVATE LIMITED, HYDERABAD

In the result, all the six appeals filed by the Revenue

ITA 405/HYD/2023[2021-22]Status: DisposedITAT Hyderabad30 Sept 2024AY 2021-22

Bench: Shri Laliet Kumar & Shri Manjunatha, G.S.No Appeal In Ita No. Assessee Respondent A.Y 1 381/Hyd/2023 Acit Central Circle Bhoomika Agro 2020-21 2(2) Hyderabad Farms (P) Ltd Hyderabad Pan:Aafcb6665G 2 382/Hyd/2023 -Do- -Do- 2021-22 3 Co 7/Hyd/2023 Bhoomika Agro Acit Central Circle 2020-21 (Ita 381/H/23) Farms (P) Ltd 2(2) Hyderabad Hyderabad Pan:Aafcb6665G 4 Co 8/Hyd/2023 -Do- -Do- 2021-22 (Ita 382/H/23) 5 385/Hyd/2023 -Do- Sunshine Estate 2019-20 Construction India Llp, Hyderabad Pan:Adrfs0667D 6 386/Hyd/2023 -Do- -Do- 2020-21 7 387/Hyd/2023 -Do- -Do- 2022-22 8 Co3/Hyd/2023 Sunshine Estate Acit Central Circle 2019-20 (Ita 385/H/23) Construction India 2(2) Hyderabad Llp, Hyderabad Pan:Adrfs0667D 9 Co4/Hyd/2023 -Do- -Do- 2020-21 (Ita 386/H/23) 10 Co5/Hyd/2023 -Do- -Do- 2021-22 (Ita 387/H/23) 11 388/Hyd/2023 -Do- Krishi Housing (P) 2017-18 Ltd Hyderabad Pan:Aafck9740B 12 389/Hyd/2023 -Do- -Do- 2018-19 13 390/Hyd/2023 -Do- -Do- 2019-20 14 391/Hyd/2023 -Do- -Do- 2020-21 15 392/Hyd/2023 -Do- -Do- 2021-22 16 Co9/Hyd/2023 Krishi Housing (P) Acit Central Circle 2017-18 (Ita 388/H/23) Ltd Hyderabad 2(2) Hyderabad Pan:Aafck9740B

2. Ld.CIT(A) erred in Law while comparing the estimation in the hands of the Spectra Group has failed to distinguish the fact that it involved in sale of plot, not in aggregation. 3. Ld.CIT(A) erred in Law failing to verify the outward movement of cash portion of transactions to the different parties from whom loan was aggregated

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. KRISHI HOUSING PRIVATE LIMITED, HYDERABAD

In the result, all the six appeals filed by the Revenue

ITA 392/HYD/2023[2021-22]Status: DisposedITAT Hyderabad30 Sept 2024AY 2021-22

Bench: Shri Laliet Kumar & Shri Manjunatha, G.S.No Appeal In Ita No. Assessee Respondent A.Y 1 381/Hyd/2023 Acit Central Circle Bhoomika Agro 2020-21 2(2) Hyderabad Farms (P) Ltd Hyderabad Pan:Aafcb6665G 2 382/Hyd/2023 -Do- -Do- 2021-22 3 Co 7/Hyd/2023 Bhoomika Agro Acit Central Circle 2020-21 (Ita 381/H/23) Farms (P) Ltd 2(2) Hyderabad Hyderabad Pan:Aafcb6665G 4 Co 8/Hyd/2023 -Do- -Do- 2021-22 (Ita 382/H/23) 5 385/Hyd/2023 -Do- Sunshine Estate 2019-20 Construction India Llp, Hyderabad Pan:Adrfs0667D 6 386/Hyd/2023 -Do- -Do- 2020-21 7 387/Hyd/2023 -Do- -Do- 2022-22 8 Co3/Hyd/2023 Sunshine Estate Acit Central Circle 2019-20 (Ita 385/H/23) Construction India 2(2) Hyderabad Llp, Hyderabad Pan:Adrfs0667D 9 Co4/Hyd/2023 -Do- -Do- 2020-21 (Ita 386/H/23) 10 Co5/Hyd/2023 -Do- -Do- 2021-22 (Ita 387/H/23) 11 388/Hyd/2023 -Do- Krishi Housing (P) 2017-18 Ltd Hyderabad Pan:Aafck9740B 12 389/Hyd/2023 -Do- -Do- 2018-19 13 390/Hyd/2023 -Do- -Do- 2019-20 14 391/Hyd/2023 -Do- -Do- 2020-21 15 392/Hyd/2023 -Do- -Do- 2021-22 16 Co9/Hyd/2023 Krishi Housing (P) Acit Central Circle 2017-18 (Ita 388/H/23) Ltd Hyderabad 2(2) Hyderabad Pan:Aafck9740B

2. Ld.CIT(A) erred in Law while comparing the estimation in the hands of the Spectra Group has failed to distinguish the fact that it involved in sale of plot, not in aggregation. 3. Ld.CIT(A) erred in Law failing to verify the outward movement of cash portion of transactions to the different parties from whom loan was aggregated

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. KRISHI HOUSING PRIVATE LIMITED, HYDERABAD

In the result, all the six appeals filed by the Revenue

ITA 389/HYD/2023[2018-19]Status: DisposedITAT Hyderabad30 Sept 2024AY 2018-19

Bench: Shri Laliet Kumar & Shri Manjunatha, G.S.No Appeal In Ita No. Assessee Respondent A.Y 1 381/Hyd/2023 Acit Central Circle Bhoomika Agro 2020-21 2(2) Hyderabad Farms (P) Ltd Hyderabad Pan:Aafcb6665G 2 382/Hyd/2023 -Do- -Do- 2021-22 3 Co 7/Hyd/2023 Bhoomika Agro Acit Central Circle 2020-21 (Ita 381/H/23) Farms (P) Ltd 2(2) Hyderabad Hyderabad Pan:Aafcb6665G 4 Co 8/Hyd/2023 -Do- -Do- 2021-22 (Ita 382/H/23) 5 385/Hyd/2023 -Do- Sunshine Estate 2019-20 Construction India Llp, Hyderabad Pan:Adrfs0667D 6 386/Hyd/2023 -Do- -Do- 2020-21 7 387/Hyd/2023 -Do- -Do- 2022-22 8 Co3/Hyd/2023 Sunshine Estate Acit Central Circle 2019-20 (Ita 385/H/23) Construction India 2(2) Hyderabad Llp, Hyderabad Pan:Adrfs0667D 9 Co4/Hyd/2023 -Do- -Do- 2020-21 (Ita 386/H/23) 10 Co5/Hyd/2023 -Do- -Do- 2021-22 (Ita 387/H/23) 11 388/Hyd/2023 -Do- Krishi Housing (P) 2017-18 Ltd Hyderabad Pan:Aafck9740B 12 389/Hyd/2023 -Do- -Do- 2018-19 13 390/Hyd/2023 -Do- -Do- 2019-20 14 391/Hyd/2023 -Do- -Do- 2020-21 15 392/Hyd/2023 -Do- -Do- 2021-22 16 Co9/Hyd/2023 Krishi Housing (P) Acit Central Circle 2017-18 (Ita 388/H/23) Ltd Hyderabad 2(2) Hyderabad Pan:Aafck9740B

2. Ld.CIT(A) erred in Law while comparing the estimation in the hands of the Spectra Group has failed to distinguish the fact that it involved in sale of plot, not in aggregation. 3. Ld.CIT(A) erred in Law failing to verify the outward movement of cash portion of transactions to the different parties from whom loan was aggregated

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. KRISHI HOUSING PRIVATE LIMITED, HYDERABAD

In the result, all the six appeals filed by the Revenue

ITA 391/HYD/2023[2020-21]Status: DisposedITAT Hyderabad30 Sept 2024AY 2020-21

Bench: Shri Laliet Kumar & Shri Manjunatha, G.S.No Appeal In Ita No. Assessee Respondent A.Y 1 381/Hyd/2023 Acit Central Circle Bhoomika Agro 2020-21 2(2) Hyderabad Farms (P) Ltd Hyderabad Pan:Aafcb6665G 2 382/Hyd/2023 -Do- -Do- 2021-22 3 Co 7/Hyd/2023 Bhoomika Agro Acit Central Circle 2020-21 (Ita 381/H/23) Farms (P) Ltd 2(2) Hyderabad Hyderabad Pan:Aafcb6665G 4 Co 8/Hyd/2023 -Do- -Do- 2021-22 (Ita 382/H/23) 5 385/Hyd/2023 -Do- Sunshine Estate 2019-20 Construction India Llp, Hyderabad Pan:Adrfs0667D 6 386/Hyd/2023 -Do- -Do- 2020-21 7 387/Hyd/2023 -Do- -Do- 2022-22 8 Co3/Hyd/2023 Sunshine Estate Acit Central Circle 2019-20 (Ita 385/H/23) Construction India 2(2) Hyderabad Llp, Hyderabad Pan:Adrfs0667D 9 Co4/Hyd/2023 -Do- -Do- 2020-21 (Ita 386/H/23) 10 Co5/Hyd/2023 -Do- -Do- 2021-22 (Ita 387/H/23) 11 388/Hyd/2023 -Do- Krishi Housing (P) 2017-18 Ltd Hyderabad Pan:Aafck9740B 12 389/Hyd/2023 -Do- -Do- 2018-19 13 390/Hyd/2023 -Do- -Do- 2019-20 14 391/Hyd/2023 -Do- -Do- 2020-21 15 392/Hyd/2023 -Do- -Do- 2021-22 16 Co9/Hyd/2023 Krishi Housing (P) Acit Central Circle 2017-18 (Ita 388/H/23) Ltd Hyderabad 2(2) Hyderabad Pan:Aafck9740B

2. Ld.CIT(A) erred in Law while comparing the estimation in the hands of the Spectra Group has failed to distinguish the fact that it involved in sale of plot, not in aggregation. 3. Ld.CIT(A) erred in Law failing to verify the outward movement of cash portion of transactions to the different parties from whom loan was aggregated

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. SUNSHINE ESTATECONSTRUCTION INDIA LLP, HYDERABAD

In the result, all the six appeals filed by the Revenue

ITA 387/HYD/2023[2021-22]Status: DisposedITAT Hyderabad30 Sept 2024AY 2021-22

Bench: Shri Laliet Kumar & Shri Manjunatha, G.S.No Appeal In Ita No. Assessee Respondent A.Y 1 381/Hyd/2023 Acit Central Circle Bhoomika Agro 2020-21 2(2) Hyderabad Farms (P) Ltd Hyderabad Pan:Aafcb6665G 2 382/Hyd/2023 -Do- -Do- 2021-22 3 Co 7/Hyd/2023 Bhoomika Agro Acit Central Circle 2020-21 (Ita 381/H/23) Farms (P) Ltd 2(2) Hyderabad Hyderabad Pan:Aafcb6665G 4 Co 8/Hyd/2023 -Do- -Do- 2021-22 (Ita 382/H/23) 5 385/Hyd/2023 -Do- Sunshine Estate 2019-20 Construction India Llp, Hyderabad Pan:Adrfs0667D 6 386/Hyd/2023 -Do- -Do- 2020-21 7 387/Hyd/2023 -Do- -Do- 2022-22 8 Co3/Hyd/2023 Sunshine Estate Acit Central Circle 2019-20 (Ita 385/H/23) Construction India 2(2) Hyderabad Llp, Hyderabad Pan:Adrfs0667D 9 Co4/Hyd/2023 -Do- -Do- 2020-21 (Ita 386/H/23) 10 Co5/Hyd/2023 -Do- -Do- 2021-22 (Ita 387/H/23) 11 388/Hyd/2023 -Do- Krishi Housing (P) 2017-18 Ltd Hyderabad Pan:Aafck9740B 12 389/Hyd/2023 -Do- -Do- 2018-19 13 390/Hyd/2023 -Do- -Do- 2019-20 14 391/Hyd/2023 -Do- -Do- 2020-21 15 392/Hyd/2023 -Do- -Do- 2021-22 16 Co9/Hyd/2023 Krishi Housing (P) Acit Central Circle 2017-18 (Ita 388/H/23) Ltd Hyderabad 2(2) Hyderabad Pan:Aafck9740B

2. Ld.CIT(A) erred in Law while comparing the estimation in the hands of the Spectra Group has failed to distinguish the fact that it involved in sale of plot, not in aggregation. 3. Ld.CIT(A) erred in Law failing to verify the outward movement of cash portion of transactions to the different parties from whom loan was aggregated

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 2(2), HYDERABAD vs. BHOOMIKA AGRO FARMS PRIVATE LIMITED, HYDERABAD

In the result, all the six appeals filed by the Revenue

ITA 381/HYD/2023[2020-21]Status: DisposedITAT Hyderabad30 Sept 2024AY 2020-21

Bench: Shri Laliet Kumar & Shri Manjunatha, G.S.No Appeal In Ita No. Assessee Respondent A.Y 1 381/Hyd/2023 Acit Central Circle Bhoomika Agro 2020-21 2(2) Hyderabad Farms (P) Ltd Hyderabad Pan:Aafcb6665G 2 382/Hyd/2023 -Do- -Do- 2021-22 3 Co 7/Hyd/2023 Bhoomika Agro Acit Central Circle 2020-21 (Ita 381/H/23) Farms (P) Ltd 2(2) Hyderabad Hyderabad Pan:Aafcb6665G 4 Co 8/Hyd/2023 -Do- -Do- 2021-22 (Ita 382/H/23) 5 385/Hyd/2023 -Do- Sunshine Estate 2019-20 Construction India Llp, Hyderabad Pan:Adrfs0667D 6 386/Hyd/2023 -Do- -Do- 2020-21 7 387/Hyd/2023 -Do- -Do- 2022-22 8 Co3/Hyd/2023 Sunshine Estate Acit Central Circle 2019-20 (Ita 385/H/23) Construction India 2(2) Hyderabad Llp, Hyderabad Pan:Adrfs0667D 9 Co4/Hyd/2023 -Do- -Do- 2020-21 (Ita 386/H/23) 10 Co5/Hyd/2023 -Do- -Do- 2021-22 (Ita 387/H/23) 11 388/Hyd/2023 -Do- Krishi Housing (P) 2017-18 Ltd Hyderabad Pan:Aafck9740B 12 389/Hyd/2023 -Do- -Do- 2018-19 13 390/Hyd/2023 -Do- -Do- 2019-20 14 391/Hyd/2023 -Do- -Do- 2020-21 15 392/Hyd/2023 -Do- -Do- 2021-22 16 Co9/Hyd/2023 Krishi Housing (P) Acit Central Circle 2017-18 (Ita 388/H/23) Ltd Hyderabad 2(2) Hyderabad Pan:Aafck9740B

2. Ld.CIT(A) erred in Law while comparing the estimation in the hands of the Spectra Group has failed to distinguish the fact that it involved in sale of plot, not in aggregation. 3. Ld.CIT(A) erred in Law failing to verify the outward movement of cash portion of transactions to the different parties from whom loan was aggregated

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. KRISHI HOUSING PRIVATE LIMITED, HYDERABAD

In the result, all the six appeals filed by the Revenue

ITA 388/HYD/2023[2017-18]Status: DisposedITAT Hyderabad30 Sept 2024AY 2017-18

Bench: Shri Laliet Kumar & Shri Manjunatha, G.S.No Appeal In Ita No. Assessee Respondent A.Y 1 381/Hyd/2023 Acit Central Circle Bhoomika Agro 2020-21 2(2) Hyderabad Farms (P) Ltd Hyderabad Pan:Aafcb6665G 2 382/Hyd/2023 -Do- -Do- 2021-22 3 Co 7/Hyd/2023 Bhoomika Agro Acit Central Circle 2020-21 (Ita 381/H/23) Farms (P) Ltd 2(2) Hyderabad Hyderabad Pan:Aafcb6665G 4 Co 8/Hyd/2023 -Do- -Do- 2021-22 (Ita 382/H/23) 5 385/Hyd/2023 -Do- Sunshine Estate 2019-20 Construction India Llp, Hyderabad Pan:Adrfs0667D 6 386/Hyd/2023 -Do- -Do- 2020-21 7 387/Hyd/2023 -Do- -Do- 2022-22 8 Co3/Hyd/2023 Sunshine Estate Acit Central Circle 2019-20 (Ita 385/H/23) Construction India 2(2) Hyderabad Llp, Hyderabad Pan:Adrfs0667D 9 Co4/Hyd/2023 -Do- -Do- 2020-21 (Ita 386/H/23) 10 Co5/Hyd/2023 -Do- -Do- 2021-22 (Ita 387/H/23) 11 388/Hyd/2023 -Do- Krishi Housing (P) 2017-18 Ltd Hyderabad Pan:Aafck9740B 12 389/Hyd/2023 -Do- -Do- 2018-19 13 390/Hyd/2023 -Do- -Do- 2019-20 14 391/Hyd/2023 -Do- -Do- 2020-21 15 392/Hyd/2023 -Do- -Do- 2021-22 16 Co9/Hyd/2023 Krishi Housing (P) Acit Central Circle 2017-18 (Ita 388/H/23) Ltd Hyderabad 2(2) Hyderabad Pan:Aafck9740B

2. Ld.CIT(A) erred in Law while comparing the estimation in the hands of the Spectra Group has failed to distinguish the fact that it involved in sale of plot, not in aggregation. 3. Ld.CIT(A) erred in Law failing to verify the outward movement of cash portion of transactions to the different parties from whom loan was aggregated