CHINTALAPATI HOLDINGS PVT.LTD., HYD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-1(2), HYD, HYDERABAD

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

house property is concerned, learned CIT(A) directed the learned Assessing Officer to allow the deduction under section 24(b) of the Income Tax Act, 1961 (‘the Act’) on the assessee furnishing the relevant figure of interest. 9. Coming to the treatment of profits from money lending under the head ‘income from other sources’ by the learned Assessing Officer

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 :

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

VARSHA VISWANATH PROPERTIES PRIVATE LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

housing plots at "Haritavanam project". In such process, M/s Bhuvanesh Constructions and Developers collected the total receipts from sale of plots and transferred the same to the assessee company. The sale receipts admitted in the return of income by the assessee company in respect of Haritavanam Project for various years are as under: AY. 2014-15 AY. 2015-16 Total

VARSHA VISWANATH PROPERTIES PRIVATE LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

housing plots at "Haritavanam project". In such process, M/s Bhuvanesh Constructions and Developers collected the total receipts from sale of plots and transferred the same to the assessee company. The sale receipts admitted in the return of income by the assessee company in respect of Haritavanam Project for various years are as under: AY. 2014-15 AY. 2015-16 Total

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD vs. VARSHA VISWANATH PROPERTIES PRIVATE LIMITED , HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

housing plots at "Haritavanam project". In such process, M/s Bhuvanesh Constructions and Developers collected the total receipts from sale of plots and transferred the same to the assessee company. The sale receipts admitted in the return of income by the assessee company in respect of Haritavanam Project for various years are as under: AY. 2014-15 AY. 2015-16 Total

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD vs. VARSHA VISWANATH PROPERTIES PRIVATE LIMITED , HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

housing plots at "Haritavanam project". In such process, M/s Bhuvanesh Constructions and Developers collected the total receipts from sale of plots and transferred the same to the assessee company. The sale receipts admitted in the return of income by the assessee company in respect of Haritavanam Project for various years are as under: AY. 2014-15 AY. 2015-16 Total

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD vs. VARSHA VISWANATH PROPERTIES PRIVATE LIMITED, HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

housing plots at "Haritavanam project". In such process, M/s Bhuvanesh Constructions and Developers collected the total receipts from sale of plots and transferred the same to the assessee company. The sale receipts admitted in the return of income by the assessee company in respect of Haritavanam Project for various years are as under: AY. 2014-15 AY. 2015-16 Total

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD vs. VARSHA VISWANATH PROPERTIES PRIVATE LIMITED, HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

housing plots at "Haritavanam project". In such process, M/s Bhuvanesh Constructions and Developers collected the total receipts from sale of plots and transferred the same to the assessee company. The sale receipts admitted in the return of income by the assessee company in respect of Haritavanam Project for various years are as under: AY. 2014-15 AY. 2015-16 Total

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD vs. VARSHA VISWANATH PROPERTIES PRIVATE LIMITED, HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

housing plots at "Haritavanam project". In such process, M/s Bhuvanesh Constructions and Developers collected the total receipts from sale of plots and transferred the same to the assessee company. The sale receipts admitted in the return of income by the assessee company in respect of Haritavanam Project for various years are as under: AY. 2014-15 AY. 2015-16 Total

VARSHA VISWANATH PROPERTIES PRIVATE LIMITED ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

housing plots at "Haritavanam project". In such process, M/s Bhuvanesh Constructions and Developers collected the total receipts from sale of plots and transferred the same to the assessee company. The sale receipts admitted in the return of income by the assessee company in respect of Haritavanam Project for various years are as under: AY. 2014-15 AY. 2015-16 Total

VARSHA VISWANATH PROPERTIES PRIVATE LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

housing plots at "Haritavanam project". In such process, M/s Bhuvanesh Constructions and Developers collected the total receipts from sale of plots and transferred the same to the assessee company. The sale receipts admitted in the return of income by the assessee company in respect of Haritavanam Project for various years are as under: AY. 2014-15 AY. 2015-16 Total

VARSHA VISWANATH PROPERTIES PRIVATE LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

housing plots at "Haritavanam project". In such process, M/s Bhuvanesh Constructions and Developers collected the total receipts from sale of plots and transferred the same to the assessee company. The sale receipts admitted in the return of income by the assessee company in respect of Haritavanam Project for various years are as under: AY. 2014-15 AY. 2015-16 Total

ACIT, CIRCLE 2(1), HYDERABAD vs. EMAAR HILLS TOWNSHIP PRIVATE LIMITED, HYDERABAD

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri Manjunatha G. Hon’Bleआ.अपी.सं / Ita No.250/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2006-07) Emaar Hills Township The Assistant Commissioner Private Limited, Vs. Of Income Tax, Hyderabad. Circle – 2(1), Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita No.424/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2007-08) The Assistant Commissioner Emaar Hills Township Of Income Tax, Vs. Private Limited, Circle – 2(1), Hyderabad. Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita No.251 To 253/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2009-10 To 2011-12) Emaar Hills Township The Assistant Commissioner Private Limited, Vs. Of Income Tax, Hyderabad. Circle – 2(1), Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent

8D of Income Tax Rules, 1962 read with Section 14A of the Income Tax Act, 1961 without appreciating the fact that no expenditure was incurred by the Appellant to earn exempt income i.e. dividend income.” 3. The brief facts of the case are that the appellant company, M/s. Emaar Hills Township Private Limited (EHTPL) is engaged in the business

ACIT CIRCLE-2(1), HYDERABAD vs. EMAAR HILLS TOWNSHIP PRIVATE LIMITED, HYDERABAD

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri Manjunatha G. Hon’Bleआ.अपी.सं / Ita No.250/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2006-07) Emaar Hills Township The Assistant Commissioner Private Limited, Vs. Of Income Tax, Hyderabad. Circle – 2(1), Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita No.424/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2007-08) The Assistant Commissioner Emaar Hills Township Of Income Tax, Vs. Private Limited, Circle – 2(1), Hyderabad. Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita No.251 To 253/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2009-10 To 2011-12) Emaar Hills Township The Assistant Commissioner Private Limited, Vs. Of Income Tax, Hyderabad. Circle – 2(1), Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent

8D of Income Tax Rules, 1962 read with Section 14A of the Income Tax Act, 1961 without appreciating the fact that no expenditure was incurred by the Appellant to earn exempt income i.e. dividend income.” 3. The brief facts of the case are that the appellant company, M/s. Emaar Hills Township Private Limited (EHTPL) is engaged in the business

ACIT,CIRCLE-2(1), HYDERABAD vs. EMAAR HILLS TOWNSHIP PRIVATE LIMITED, HYDERABAD

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri Manjunatha G. Hon’Bleआ.अपी.सं / Ita No.250/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2006-07) Emaar Hills Township The Assistant Commissioner Private Limited, Vs. Of Income Tax, Hyderabad. Circle – 2(1), Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita No.424/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2007-08) The Assistant Commissioner Emaar Hills Township Of Income Tax, Vs. Private Limited, Circle – 2(1), Hyderabad. Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita No.251 To 253/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2009-10 To 2011-12) Emaar Hills Township The Assistant Commissioner Private Limited, Vs. Of Income Tax, Hyderabad. Circle – 2(1), Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent

8D of Income Tax Rules, 1962 read with Section 14A of the Income Tax Act, 1961 without appreciating the fact that no expenditure was incurred by the Appellant to earn exempt income i.e. dividend income.” 3. The brief facts of the case are that the appellant company, M/s. Emaar Hills Township Private Limited (EHTPL) is engaged in the business

ACIT, CIRCLE-2(1), HYDERABAD vs. EMAAR HILLS TOWNSHIP PRIVATE LIMITED, HYDERABAD

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri Manjunatha G. Hon’Bleआ.अपी.सं / Ita No.250/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2006-07) Emaar Hills Township The Assistant Commissioner Private Limited, Vs. Of Income Tax, Hyderabad. Circle – 2(1), Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita No.424/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2007-08) The Assistant Commissioner Emaar Hills Township Of Income Tax, Vs. Private Limited, Circle – 2(1), Hyderabad. Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita No.251 To 253/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2009-10 To 2011-12) Emaar Hills Township The Assistant Commissioner Private Limited, Vs. Of Income Tax, Hyderabad. Circle – 2(1), Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent

8D of Income Tax Rules, 1962 read with Section 14A of the Income Tax Act, 1961 without appreciating the fact that no expenditure was incurred by the Appellant to earn exempt income i.e. dividend income.” 3. The brief facts of the case are that the appellant company, M/s. Emaar Hills Township Private Limited (EHTPL) is engaged in the business

EMAAR HILLS TOWNSHIP PRIVATE LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE – 2(1), HYDERABAD

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri Manjunatha G. Hon’Bleआ.अपी.सं / Ita No.250/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2006-07) Emaar Hills Township The Assistant Commissioner Private Limited, Vs. Of Income Tax, Hyderabad. Circle – 2(1), Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita No.424/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2007-08) The Assistant Commissioner Emaar Hills Township Of Income Tax, Vs. Private Limited, Circle – 2(1), Hyderabad. Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita No.251 To 253/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2009-10 To 2011-12) Emaar Hills Township The Assistant Commissioner Private Limited, Vs. Of Income Tax, Hyderabad. Circle – 2(1), Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent

8D of Income Tax Rules, 1962 read with Section 14A of the Income Tax Act, 1961 without appreciating the fact that no expenditure was incurred by the Appellant to earn exempt income i.e. dividend income.” 3. The brief facts of the case are that the appellant company, M/s. Emaar Hills Township Private Limited (EHTPL) is engaged in the business

EMAAR HILLS TOWNSHIP PRIVATE LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE – 2(1), HYDERABAD

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri Manjunatha G. Hon’Bleआ.अपी.सं / Ita No.250/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2006-07) Emaar Hills Township The Assistant Commissioner Private Limited, Vs. Of Income Tax, Hyderabad. Circle – 2(1), Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita No.424/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2007-08) The Assistant Commissioner Emaar Hills Township Of Income Tax, Vs. Private Limited, Circle – 2(1), Hyderabad. Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita No.251 To 253/Hyd/2023 (निर्धारण वर्ा / Assessment Year: 2009-10 To 2011-12) Emaar Hills Township The Assistant Commissioner Private Limited, Vs. Of Income Tax, Hyderabad. Circle – 2(1), Hyderabad. Pan : Aabce2557N. अपीलार्थी / Appellant प्रत्‍यर्थी / Respondent

8D of Income Tax Rules, 1962 read with Section 14A of the Income Tax Act, 1961 without appreciating the fact that no expenditure was incurred by the Appellant to earn exempt income i.e. dividend income.” 3. The brief facts of the case are that the appellant company, M/s. Emaar Hills Township Private Limited (EHTPL) is engaged in the business