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16 results for “house property”+ Section 801B(10)clear

Sorted by relevance

Mumbai110Delhi22Rajkot22Hyderabad16Ahmedabad14Indore11Bangalore10Pune8Jaipur5Cochin3Kolkata2Karnataka1Jodhpur1Raipur1Amritsar1

Key Topics

Section 80I20Section 45(3)9Survey u/s 133A9Addition to Income9Deduction7Section 1486Section 406Section 801B(10)6Exemption6Unexplained Investment

MANJEERA PROJECTS ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-6(1), HYDERABAD

Appeals are partly allowed in above terms

ITA 956/HYD/2018[2014-15]Status: DisposedITAT Hyderabad08 Sept 2021AY 2014-15

Bench: Shri S.S. Godara & Shri Laxmi Prasad Sahu

For Appellant: Sri K.C. DevdasFor Respondent: Sri Y.V.S.T. Sai, DR
Section 143(3)Section 5Section 80I

801B(10) to remove the hardship caused by strict implementation of the provisions instead of making incorrect interpretation of the circular. 5. The learned CIT(A) ought to have limited the deduction to the portions of the housing project completed by the appellant instead of making a literal interpretation of the provision and disallowing the deduction. 6. The learned

MANJEERA PROJECTS ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-6(1), HYDERABAD

6
Section 143(3)5
Section 483

Appeals are partly allowed in above terms

ITA 1554/HYD/2018[2013-14]Status: DisposedITAT Hyderabad08 Sept 2021AY 2013-14

Bench: Shri S.S. Godara & Shri Laxmi Prasad Sahu

For Appellant: Sri K.C. DevdasFor Respondent: Sri Y.V.S.T. Sai, DR
Section 143(3)Section 5Section 80I

801B(10) to remove the hardship caused by strict implementation of the provisions instead of making incorrect interpretation of the circular. 5. The learned CIT(A) ought to have limited the deduction to the portions of the housing project completed by the appellant instead of making a literal interpretation of the provision and disallowing the deduction. 6. The learned

MANJEERA PROJECTS ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-11(1), HYDERABAD

Appeals are partly allowed in above terms

ITA 15/HYD/2020[2016-17]Status: DisposedITAT Hyderabad08 Sept 2021AY 2016-17

Bench: Shri S.S. Godara & Shri Laxmi Prasad Sahu

For Appellant: Sri K.C. DevdasFor Respondent: Sri Y.V.S.T. Sai, DR
Section 143(3)Section 5Section 80I

801B(10) to remove the hardship caused by strict implementation of the provisions instead of making incorrect interpretation of the circular. 5. The learned CIT(A) ought to have limited the deduction to the portions of the housing project completed by the appellant instead of making a literal interpretation of the provision and disallowing the deduction. 6. The learned

MANJEERA PROJECTS, HYDERABAD,HYDERABAD vs. ITO, WARD-6(2), HYDERABAD, HYDERABAD

In the result, assessee’s appeals are allowed

ITA 1230/HYD/2015[2011-12]Status: DisposedITAT Hyderabad27 Apr 2018AY 2011-12

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

For Appellant: Shri K.C. DevdasFor Respondent: Dr. K. Srinivas Reddy, DR
Section 142(1)Section 143(2)Section 80Section 801B(10)Section 80I

801B(10) to remove the hardship caused by strict implementation of the provisions instead of making incorrect interpretation of the circular. 5. The learned CIT(A) ought to have limited the deduction to the portions of the housing project completed by the appellant instead of making a literal interpretation of the provision and disallowing the deduction. Page

MANJEERA PROJECTS, HYD,HYDERABAD vs. DCIT, CIRCLE-6(1), HYDERABAD, HYDERABAD

In the result, assessee’s appeals are allowed

ITA 1082/HYD/2016[2012-13]Status: DisposedITAT Hyderabad27 Apr 2018AY 2012-13

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

For Appellant: Shri K.C. DevdasFor Respondent: Dr. K. Srinivas Reddy, DR
Section 142(1)Section 143(2)Section 80Section 801B(10)Section 80I

801B(10) to remove the hardship caused by strict implementation of the provisions instead of making incorrect interpretation of the circular. 5. The learned CIT(A) ought to have limited the deduction to the portions of the housing project completed by the appellant instead of making a literal interpretation of the provision and disallowing the deduction. Page

MANJEERA PROJECTS,HYDERABAD vs. ITO., WARD-6(2), HYDERABAD, HYDERABAD

In the result, assessee’s appeals are allowed

ITA 1704/HYD/2014[2010-11]Status: DisposedITAT Hyderabad27 Apr 2018AY 2010-11

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

For Appellant: Shri K.C. DevdasFor Respondent: Dr. K. Srinivas Reddy, DR
Section 142(1)Section 143(2)Section 80Section 801B(10)Section 80I

801B(10) to remove the hardship caused by strict implementation of the provisions instead of making incorrect interpretation of the circular. 5. The learned CIT(A) ought to have limited the deduction to the portions of the housing project completed by the appellant instead of making a literal interpretation of the provision and disallowing the deduction. Page

THE DCIT, CENTRAL CIRCLE - 2, HYDERABAD vs. M/S. ENGINEERS REDDY P. LTD, HYDERABAD

In the result, appeals of the assessee in ITA Nos

ITA 1485/HYD/2010[2008-09]Status: DisposedITAT Hyderabad18 Jan 2019AY 2008-09

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

For Appellant: Shri A. SrinivasFor Respondent: Smt. S. Narasamma
Section 40

Properties Ltd. in ITA No. 1373/Hyd/2013, dated 6.6.2014 that provisions of section 40(a)(ia) are triggered only if tax is not withheld, or after withholding it is not paid. If tax is withheld at a lower rate, the provisions of the above section do not get attracted. For this proposition a decision of the Calcutta High Court

DCIT, CENTRAL CIRCLE-1(2), HYDERABAD, HYDERABAD vs. JANAPRIYA ENGINEERS SYNDICATE LIMITED, HYDERABAD, HYDERABAD

In the result, appeals of the assessee in ITA Nos

ITA 216/HYD/2017[2008-09]Status: DisposedITAT Hyderabad18 Jan 2019AY 2008-09

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

For Appellant: Shri A. SrinivasFor Respondent: Smt. S. Narasamma
Section 40

Properties Ltd. in ITA No. 1373/Hyd/2013, dated 6.6.2014 that provisions of section 40(a)(ia) are triggered only if tax is not withheld, or after withholding it is not paid. If tax is withheld at a lower rate, the provisions of the above section do not get attracted. For this proposition a decision of the Calcutta High Court

THE DCIT, CENTRAL CIRCLE - 2, HYDERABAD vs. M/S. ENGINEERS REDDY P. LTD, HYDERABAD

In the result, appeals of the assessee in ITA Nos

ITA 1484/HYD/2010[2007-08]Status: DisposedITAT Hyderabad18 Jan 2019AY 2007-08

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

For Appellant: Shri A. SrinivasFor Respondent: Smt. S. Narasamma
Section 40

Properties Ltd. in ITA No. 1373/Hyd/2013, dated 6.6.2014 that provisions of section 40(a)(ia) are triggered only if tax is not withheld, or after withholding it is not paid. If tax is withheld at a lower rate, the provisions of the above section do not get attracted. For this proposition a decision of the Calcutta High Court

JANAPRIYA ENGINEERS SYNDICATE LIMITED (FORMERLY KNOWN AS JANAPRIYA ENGINEERS SYNDICATE PVT. LTD.),HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), HYDERABAD

In the result, appeals of the assessee in ITA Nos

ITA 1139/HYD/2017[2007-08]Status: DisposedITAT Hyderabad18 Jan 2019AY 2007-08

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

For Appellant: Shri A. SrinivasFor Respondent: Smt. S. Narasamma
Section 40

Properties Ltd. in ITA No. 1373/Hyd/2013, dated 6.6.2014 that provisions of section 40(a)(ia) are triggered only if tax is not withheld, or after withholding it is not paid. If tax is withheld at a lower rate, the provisions of the above section do not get attracted. For this proposition a decision of the Calcutta High Court

JANAPRIYA ENGINEERS SYNDICATE LIMITED (FORMERLY KNOWN AS JANAPRIYA ENGINEERS SYNDICATE PVT. LTD.),HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), HYDERABAD

In the result, appeals of the assessee in ITA Nos

ITA 1140/HYD/2017[2008-09]Status: DisposedITAT Hyderabad18 Jan 2019AY 2008-09

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

For Appellant: Shri A. SrinivasFor Respondent: Smt. S. Narasamma
Section 40

Properties Ltd. in ITA No. 1373/Hyd/2013, dated 6.6.2014 that provisions of section 40(a)(ia) are triggered only if tax is not withheld, or after withholding it is not paid. If tax is withheld at a lower rate, the provisions of the above section do not get attracted. For this proposition a decision of the Calcutta High Court

DCIT, CENTRAL CIRCLE-1(2), HYDERABAD, HYDERABAD vs. JANAPRIYA ENGINEERS SYNDICATE LIMITED, HYDERABAD, HYDERABAD

In the result, appeals of the assessee in ITA Nos

ITA 215/HYD/2017[2007-08]Status: DisposedITAT Hyderabad18 Jan 2019AY 2007-08

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

For Appellant: Shri A. SrinivasFor Respondent: Smt. S. Narasamma
Section 40

Properties Ltd. in ITA No. 1373/Hyd/2013, dated 6.6.2014 that provisions of section 40(a)(ia) are triggered only if tax is not withheld, or after withholding it is not paid. If tax is withheld at a lower rate, the provisions of the above section do not get attracted. For this proposition a decision of the Calcutta High Court

GIRIDHARI CONSTRUCTIONS, HYD,HYDERABAD vs. ITO, WARD-6(2), HYDERABAD, HYDERABAD

In the result, appeals of the assessee and revenue are dismissed in above terms

ITA 1355/HYD/2015[2011-12]Status: DisposedITAT Hyderabad17 Sept 2021AY 2011-12

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahuassessment Year: 2011-12 Giridhari Constructions, Vs Income Tax Officer, Hyderabad. Ward – 6(2), Hyderabad. Pan – Aagfg 5289D (Appellant) (Respondent) Assessment Year: 2011-12 Asst. Commissioner Of Vs Giridhari Constructions, Income Tax, Hyderabad. Circle – 14(1), Hyderabad. Pan – Aagfg 5289D (Appellant) (Respondent) Assessee By: Shri P. Murali Mohan Rao Revenue By: Shri Rohit Mujumdar Date Of Hearing: 05/04/2021 Date Of Pronouncement: 17/09/2021 O R D E R Per L.P. Sahu, A.M.: Both These Appeals Are Cross Appeals Filed By The Assessee & Revenue Are Directed Against Cit(A) - 4, Hyderabad’S Order Dated 24/09/2015 For Ay 2011-12

For Appellant: Shri P. Murali Mohan RaoFor Respondent: Shri Rohit Mujumdar
Section 143(3)Section 801Section 80I

property and verify the eligibility of the housing project for claim of deduction u/ s 80AB(10) of the Act. The report had substantiated the fact that 7 buildings (Blocks) out of 10 buildings (Blocks) are complete and 322 flats out of 518 flats are completed. The AO based on the valuation report of DVO of the department disallowed

SAI TEJA CONSTRUCTIONS, HYDERABAD,HYDERABAD vs. DCIT, CIRCLE-8(1), HYDERABAD, HYDERABAD

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

ITA 651/HYD/2017[2008-09]Status: DisposedITAT Hyderabad11 Oct 2023AY 2008-09

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

For Appellant: Shri S. Rama Rao, AdvocateFor Respondent: Shri KPRR Murthy, CIT(DR)
Section 147Section 148Section 151(2)Section 45(3)Section 48

section shall apply to any undertaking which executes the housing project as a works contract awarded by any person (including the Central or State Government).” Page 15 of 18 ITA Nos 651 877 and 652 of 2017 Sai Teja Constructions Ltd Hyderabad 23. Thus, a perusal of the same shows that the deduction u/s 80IB(10) is applicable

SAI TEJA CONSTRUCTIONS, HYD,HYDERABAD vs. DCIT, CIRCLE 8(1), HYDERABAD, HYDERABAD

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

ITA 877/HYD/2016[2010-11]Status: DisposedITAT Hyderabad11 Oct 2023AY 2010-11

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

For Appellant: Shri S. Rama Rao, AdvocateFor Respondent: Shri KPRR Murthy, CIT(DR)
Section 147Section 148Section 151(2)Section 45(3)Section 48

section shall apply to any undertaking which executes the housing project as a works contract awarded by any person (including the Central or State Government).” Page 15 of 18 ITA Nos 651 877 and 652 of 2017 Sai Teja Constructions Ltd Hyderabad 23. Thus, a perusal of the same shows that the deduction u/s 80IB(10) is applicable

SAI TEJA CONSTRUCTIONS, HYDERABAD,HYDERABAD vs. DCIT, CIRCLE-8(1), HYDERABAD, HYDERABAD

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

ITA 652/HYD/2017[2012-13]Status: DisposedITAT Hyderabad11 Oct 2023AY 2012-13

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

For Appellant: Shri S. Rama Rao, AdvocateFor Respondent: Shri KPRR Murthy, CIT(DR)
Section 147Section 148Section 151(2)Section 45(3)Section 48

section shall apply to any undertaking which executes the housing project as a works contract awarded by any person (including the Central or State Government).” Page 15 of 18 ITA Nos 651 877 and 652 of 2017 Sai Teja Constructions Ltd Hyderabad 23. Thus, a perusal of the same shows that the deduction u/s 80IB(10) is applicable