INCOME TAX OFFICER, WARD-2(1), HYDERABAD vs. KSK WIND POWER SANKONAHATTI ATHNI PRIVATE LIMIED, HYDERABAD

In the result, all the four appeals of the Revenue are allowed

Bench: Shri A. Mohan Alankamony & Shri S.S. Godaraassessment Year: 2014-15 Income Tax Officer, Vs. Ksk Wind Energy Ward-2(1), Halagali Benchi Private Hyderabad. Limited, Hyderabad. Pan: Aaeck 1965 F (Appellant) (Respondent) Assessee By: Sri S. Rama Rao Revenue By: Sri Sunil Gowtham, Sr. Ar Assessment Year: 2014-15 Income Tax Officer, Vs. Ksk Wind Power Ward-2(1), Sankonahatti Athni Hyderabad. Private Limited, Hyderabad. Pan: Aaeck 1900 C (Appellant) (Respondent) Assessee By: Sri S. Rama Rao Revenue By: Sri Sunil Gowtham, Sr. Ar Assessment Year: 2014-15 Income Tax Officer, Vs. Ksk Wind Power Ward-2(1), Aminabhavi Chikodi Hyderabad. Private Limited, Hyderabad. Pan: Aaeck 1888 R (Appellant) (Respondent)

house property. Likewise, a company may have income from other sources. It may buy shares and get dividends. Such dividends will be taxable under section 56 of the Act. The company may also, as in this case, keep the surplus funds in short- term deposits in order to earn interest. Such interest will be chargeable under section

INCOME TAX OFFICER, WARD-2(1), HYDERABAD vs. KSK WIND ENERGY HALAGALI BENCHI PRIVATE LIMIED , HYDERABAD

In the result, all the four appeals of the Revenue are allowed

Bench: Shri A. Mohan Alankamony & Shri S.S. Godaraassessment Year: 2014-15 Income Tax Officer, Vs. Ksk Wind Energy Ward-2(1), Halagali Benchi Private Hyderabad. Limited, Hyderabad. Pan: Aaeck 1965 F (Appellant) (Respondent) Assessee By: Sri S. Rama Rao Revenue By: Sri Sunil Gowtham, Sr. Ar Assessment Year: 2014-15 Income Tax Officer, Vs. Ksk Wind Power Ward-2(1), Sankonahatti Athni Hyderabad. Private Limited, Hyderabad. Pan: Aaeck 1900 C (Appellant) (Respondent) Assessee By: Sri S. Rama Rao Revenue By: Sri Sunil Gowtham, Sr. Ar Assessment Year: 2014-15 Income Tax Officer, Vs. Ksk Wind Power Ward-2(1), Aminabhavi Chikodi Hyderabad. Private Limited, Hyderabad. Pan: Aaeck 1888 R (Appellant) (Respondent)

house property. Likewise, a company may have income from other sources. It may buy shares and get dividends. Such dividends will be taxable under section 56 of the Act. The company may also, as in this case, keep the surplus funds in short- term deposits in order to earn interest. Such interest will be chargeable under section

DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(1), HYDERABAD vs. L & T METRO RAIL (HYDERABAD) LIMITED, HYDERABAD

In the result, appeal of the Revenue is allowed

Bench: Shri A. Mohan Alankamony & Shri S.S. Godaraassessment Year: 2016-17 Dcit, Vs. L & T Metro Rail Circle-16(1), (Hyderabad) Limited, Hyderabad. Hyderabad. Pan: Aabcl 8521 D (Appellant) (Respondent) Assessee By: Shri Ashik Shah Revenue By: Sri B. Sunil Kumar, Dr Date Of Hearing: 25/10/2021 Date Of Pronouncement: 21/01/2022 Order Per A. Mohan Alankamony, Am.:

house property. Likewise, a company may have income from other sources. It may buy shares and get dividends. Such dividends will be taxable under section 56 of the Act. The company may also, as in this case, keep the surplus funds in short- term deposits in order to earn interest. Such interest will be chargeable under section

SURENDRA BABU SABBINENI,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(2), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Charyassessment Year: 2010-11

57,52,441/-. From the various details furnished by the assessee, he noted that the assessee has the following property other than the new asset: 1. Flat at Sai Nivas, Shaikpet Village, Hyderabad 2. House at Sai Praveen Kuteer 3. Flat No.1, First Floor, Sai Lakshmi Nilayam, Serilingampally, Hyderabad 4. Flat No.4, First Floor, Sai Lakshmi Nilayam, Serilingampally, Hyderabad

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 :

section 147 / 148 of the Act, the coordinate Bench had held as under : “22. Coming back to our point we have to examine whether protective assessment/addition is possible under section 147 in respect of the same person and for the same period. When a regular assessment is made and later on it comes to the notice of the Assessing Officer

DCIT., CIRCLE-8(1), HYDERABAD vs. DBS TECHNOLOGY SERVICES INDIA PRIVATE LIMITED, HYDERABAD

In the result, the appeal of the Revenue is allowed

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2019-20 Deputy Commissioner Of Vs. M/S. Dbs Technology Income Tax, Services India Private Circle – 8(1), Limited, Hyderabad. Hyderabad. Pan : Aafcd5584N (Appellant) (Respondent) C.O.No.2/Hyd/2023 Assessment Year 2019-20 Dbs Technology Services India Vs. Deputy Commissioner Of Private Limited, Income Tax, Circle – 8(1), Hyderabad. Hyderabad. Pan : Aafcd5584N (Cross Objector / (Appellant/Revenue) Respondent) Assessee By: Sri M. P. Lohia, C.A. Revenue By: Shri Jeevan Lal Lavidiya, Cit-Dr Date Of Hearing: 11.07.2023 Date Of Pronouncement: 21.07.2023 आदेश / O R D E R Per Laliet Kumar, Jm: The Appeal & Cross-Objection Filed By The Revenue For A.Y. 2019-20 Arise From The Order Of Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi

section 57; or (ii) "Income from house property", where assessee does not own more than one house property and does

NSL RENEWABLE POWER PRIVATE LIMITED ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-16(1), HYDERABAD

In the result, appeal of the assessee is partly allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahuassessment Year: 2014-15 Nsl Renewable Power Pvt. Vs. Asst. Commissioner Of Ltd., Hyderabad. Income-Tax, Circle – 16(1), Pan – Aabcn 6009L Hyderabad. (Appellant) (Respondent) Assessee By: Shri Aliasgar Rampurwala Revenue By: Shri Rajendra Kumar Date Of Hearing: 16/12/2021 Date Of Pronouncement: 04/01/2022

house property Rs. 13,63,103 Taxable income Rs. 20,23,95,568 e, Thus, the income should be assessed at Rs. 20,23,95,568/- as against income assessed u/s. 143(3) at Rs. 18,66,98,748/-. This resulted in short computation of Income to the tune of Rs. 1,56,96,820/-. 2.1 On this Issue

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:

57,74,064/- can be taxed under the provisions of Section 28 (iv) of the IT Act. 25. Thus, it is observed that the capital receipts are inherently outside the scope of income which can be taxed u/s 28(iv) of the Act apart from lack of pre-conditions for taxing such benefit that there should be benefit or perquisites

CHANDRA DEVI JAIN ,HYDERABAD vs. INCOME TAX OFFICER, WARD-4(2), HYDERABAD

In the result, all the 4 appeals filed by the assessee are dismissed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumarappeal In Ita No. Assessee Revenue A.Y 565/Hyd/2020 Smt. Madhu Devi Income 2015-16 Jain, Hyderabad Tax Officer Pan:Aejpj5260Q Ward 4(2) Hyderabad 566/Hyd/2020 Shri Rajesh Kumar -Do- 2015-16 Jain, Hyderabad Pan:Acepj6675N 567/Hyd/2020 Shri Ratanlal Jain -Do- 2015-16 Hyderabad Pan:Acepj6676N 568/Hyd/2020 Smt.Chandra Devi -Do- 2015-16 Jain, Hyderabad Pan:Acepj6674P Assessee By: Shri S. Rama Rao, Advocate Revenue By: Shri K. Madhusudan, Cit(Dr)

57,08,220/-. A perusal of the reply given by the assessee before the Assessing Officer shows that the assessee has sold all the seven flats received from M/s. Ace Venture of India Pvt. Ltd for a consideration of Rs.1,66,23,000/- and after claiming the indexed cost of land given for development and investment in house property

RATANLAL JAIN,HYDERABAD vs. INCOME TAX OFFICER, WARD-4(2) , HYDERABAD

In the result, all the 4 appeals filed by the assessee are dismissed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumarappeal In Ita No. Assessee Revenue A.Y 565/Hyd/2020 Smt. Madhu Devi Income 2015-16 Jain, Hyderabad Tax Officer Pan:Aejpj5260Q Ward 4(2) Hyderabad 566/Hyd/2020 Shri Rajesh Kumar -Do- 2015-16 Jain, Hyderabad Pan:Acepj6675N 567/Hyd/2020 Shri Ratanlal Jain -Do- 2015-16 Hyderabad Pan:Acepj6676N 568/Hyd/2020 Smt.Chandra Devi -Do- 2015-16 Jain, Hyderabad Pan:Acepj6674P Assessee By: Shri S. Rama Rao, Advocate Revenue By: Shri K. Madhusudan, Cit(Dr)

57,08,220/-. A perusal of the reply given by the assessee before the Assessing Officer shows that the assessee has sold all the seven flats received from M/s. Ace Venture of India Pvt. Ltd for a consideration of Rs.1,66,23,000/- and after claiming the indexed cost of land given for development and investment in house property

RAJESH KUMAR JAIN ,HYDERABAD vs. INCOME TAX OFFICER, WARD-4(2) , HYDERABAD

In the result, all the 4 appeals filed by the assessee are dismissed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumarappeal In Ita No. Assessee Revenue A.Y 565/Hyd/2020 Smt. Madhu Devi Income 2015-16 Jain, Hyderabad Tax Officer Pan:Aejpj5260Q Ward 4(2) Hyderabad 566/Hyd/2020 Shri Rajesh Kumar -Do- 2015-16 Jain, Hyderabad Pan:Acepj6675N 567/Hyd/2020 Shri Ratanlal Jain -Do- 2015-16 Hyderabad Pan:Acepj6676N 568/Hyd/2020 Smt.Chandra Devi -Do- 2015-16 Jain, Hyderabad Pan:Acepj6674P Assessee By: Shri S. Rama Rao, Advocate Revenue By: Shri K. Madhusudan, Cit(Dr)

57,08,220/-. A perusal of the reply given by the assessee before the Assessing Officer shows that the assessee has sold all the seven flats received from M/s. Ace Venture of India Pvt. Ltd for a consideration of Rs.1,66,23,000/- and after claiming the indexed cost of land given for development and investment in house property

MADHU DEVI JAIN ,HYDERABAD vs. INCOME TAX OFFICER, WARD-4(2) , HYDERABAD

In the result, all the 4 appeals filed by the assessee are dismissed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumarappeal In Ita No. Assessee Revenue A.Y 565/Hyd/2020 Smt. Madhu Devi Income 2015-16 Jain, Hyderabad Tax Officer Pan:Aejpj5260Q Ward 4(2) Hyderabad 566/Hyd/2020 Shri Rajesh Kumar -Do- 2015-16 Jain, Hyderabad Pan:Acepj6675N 567/Hyd/2020 Shri Ratanlal Jain -Do- 2015-16 Hyderabad Pan:Acepj6676N 568/Hyd/2020 Smt.Chandra Devi -Do- 2015-16 Jain, Hyderabad Pan:Acepj6674P Assessee By: Shri S. Rama Rao, Advocate Revenue By: Shri K. Madhusudan, Cit(Dr)

57,08,220/-. A perusal of the reply given by the assessee before the Assessing Officer shows that the assessee has sold all the seven flats received from M/s. Ace Venture of India Pvt. Ltd for a consideration of Rs.1,66,23,000/- and after claiming the indexed cost of land given for development and investment in house property

CELESTIAL AVENUES PVT LTD REP. BY CSK PROPERTIES PVT LTD ON MERGER-PAN-AADCC3990R,HYDERABAD. vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE -1(2), HYDERABAD.

In the result, all the appeals of the assessee are allowed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha G, Hon’Bleआ.अपी.सं / Ita Nos.212 To 214/Hyd/2019 (निर्धारण वर्ा / Assessment Years: 2006-07, 2007-08 & 2008-09) M/S. Sabir, Sew & The Deputy Commissioner Of Prasad, Jv, Vs. Income Tax, Hyderabad. Circle – 6(1), Hyderabad. Pan : Abcfs2425A अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent

house property’, the assessee was eligible for claiming deduction u/s. 80IA(4)(iii) of the Act as ‘business income’, for the reason that the assessee was merely engaged in developing and maintaining infrastructural facilities which arose out of a project approved by the Government of India as an eligible project for claiming deduction u/s. 80IA

ALLAM ADAVAIAH ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-15(1), HYDERABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

property has been put in the enjoyment of the purchaser in the year 1994 and the same is continued to be enjoyed by him who later on constructed a housing project on the said lands. 56. The above facts have been confirmed by both the parties and the same are not disputed and are part of the assessment records. 57

KRISHNAKUMAR MANDA,MEDCHAL vs. DCIT., CIRCLE-12(1), HYDERABAD

Bench: Shri Ravish Sooda N D Shri Madhusudan Sawdiaआ.अपी.सं /Ita Nos. 1016 & 1017/Hyd/2025 (िनधा"रण वष"/Assessment Years: 2021-22) Shri Krishnakumar Manda, Vs. Deputy Commissioner Of Medchal Income Tax Pan:Bmspm9739D Circle 12(1) Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri Phaneendra Nag, Ca राज" व "ारा/Revenue By:: Shri S. Arun Kumar, Sr. Dr सुनवाई की तारीख/Date Of Hearing: 11/12/2025 घोषणा की तारीख/Pronouncement: 19/12/2025 आदेश/Order Per Madhusudan Sawdia, A.M.:

house property u/s 24(b) of the Income Tax Act, 1961. 17. The Ld. CIT(A) erred in confirming the addition as made by A.O of Rs.1,56,500/- as capital gain on sale of immovable property. 18. The Ld. CIT ought to appreciate the fact that Ld. Appellant may add or alter or modify or substitute or delete

KRISHNAKUMAR MANDA,MEDCHAL vs. DCIT., CIRCLE-12(1), HYDERABAD

Bench: Shri Ravish Sooda N D Shri Madhusudan Sawdiaआ.अपी.सं /Ita Nos. 1016 & 1017/Hyd/2025 (िनधा"रण वष"/Assessment Years: 2021-22) Shri Krishnakumar Manda, Vs. Deputy Commissioner Of Medchal Income Tax Pan:Bmspm9739D Circle 12(1) Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri Phaneendra Nag, Ca राज" व "ारा/Revenue By:: Shri S. Arun Kumar, Sr. Dr सुनवाई की तारीख/Date Of Hearing: 11/12/2025 घोषणा की तारीख/Pronouncement: 19/12/2025 आदेश/Order Per Madhusudan Sawdia, A.M.:

house property u/s 24(b) of the Income Tax Act, 1961. 17. The Ld. CIT(A) erred in confirming the addition as made by A.O of Rs.1,56,500/- as capital gain on sale of immovable property. 18. The Ld. CIT ought to appreciate the fact that Ld. Appellant may add or alter or modify or substitute or delete

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

In the result, appeal ITA

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

house property. Further, the assessee also could not be able to justify the amount received from his wife and mother. In absence of any evidence, the arguments of the assessee that, source for purchase of property, is out of amount received from HUF, mother and wife cannot be accepted. The Assessing Officer after considering the relevant facts, has rightly made

TIRUMALA ESTATES,HYDERABAD vs. INCOME TAX OFFICER, WARD-4(1), HYDERABAD

Bench: Us:

Section 26 of the Act under the head “Income from House Property” in the hands of the partners in their capacity as that of respective co-owners. For the sake of clarity, the observations of the Tribunal in ITA No. 418/Hyd/2004 dated 02.06.2005 for A.Y. 2001–02 are culled out as under: 9 Tirumala Estates, Hyderabad. “7. Undoubtedly, the lower