CACHE PROPERTIES PRIVATE LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(2), HYDERABAD

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

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

9. The Ld. CIT (A) ought to have appreciated that income derived by assessee company from tenants was income received from property and character of that income could not be altered merely because :- 5 -: ITA. No. 571/Hyd/2018 assessee company had been formed with object that the company is engaged in the business of construction of residential & commercial complexes & letting

SRIDHAR REDDY BAYAPU,HYDERABAD vs. DCIT., CIRCLE-3(1), HYDERABAD

Bench: Us:

property was exempt under Section. 54 of the Act. For the sake of clarity, the observations of the Hon'ble High Court are culled out as under: “4. In the alternative, the assessee pleaded before the Income-tax Officer that he started the construction of another residential house at 64, Surya Nagar, Agra, on March 10, 1963, and that came

SATYA SAYEE BABU DIVI,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(1), HYDERABAD

In the result, the appeal of the assesses is partly allowed

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.1268/Hyd/2025 ("नधा"रण वष"/Assessment Year:2022-23) Satya Sayee Babu Divi, Vs. Acit, Hyderabad. Central Circle-2(1), Pan: Ayeps7457B Hyderabad. (Appellant) (Respondent) "नधा"रती "वारा/Assessee By: Shri Amrit Kumar Kota, Ca राज" व "वारा/Revenue By:: Ms. Payal Gupta, Sr.Ar सुनवाई क" तार"ख/Date Of Hearing: 09/02/2026 घोषणा क" तार"ख/Pronouncement: 13/02/2026 आदेश/Order Per Madhusudan Sawdia, A.M.: This Appeal Is Filed By Shri Satya Sayee Babu Divi, (“The Assessee”), Feeling Aggrieved By The Order Passed By The Learned Commissioner Of Income Tax (Appeals)-12, Hyderabad (“Ld. Cit(A)”), Dated 25/06/2025 For The Assessment Year (“A.Y.”) 2022-23. 2. The Assessee Has Raised The Following Grounds Of Appeal:

9,41,640/- to the total income of the assessee under the head of Income from House Property by considering Maharaja Towers pent house-Flat no Phi 7th floor, RK beach, Vishakapatnam-530016 Andhra Pradesh as deemed let-out. However, the same was intended to let-out but no tenant has come and remained vacant for whole year. Later

ACIT., CIRCLE-5(1), HYDERABAD vs. SANJAY CHOWDARY GADDIPATI, HYDERABAD

property was\nexempt under Section. 54 of the Act. For the sake of clarity, the\nobservations of the Hon'ble High Court are culled out as under:\n“4. In the alternative, the assessee pleaded before the Income-\ntax Officer that he started the construction of another\nresidential house at 64, Surya Nagar, Agra, on March 10,\n1963, and that

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

Bench: Shri Manjunatha G & Shri Ravish Sood

property (My Homes Bhooja) (other than the house on which exemption is claimed) within one year from date of transfer of shares, the claim of assessee for exemption is not allowable. C. As discussed above, the due date applicable under section 139(1) in the case of assessee is 31st July 2022 for A.Y.2022-23 Since, the assessee has purchased land

GARIKAPATI RAGHURAM, HYDERABAD,HYDERABAD vs. DCIT, INTERNATIONAL TAXATION, HYDERABAD, HYDERABAD

Appeal is dismissed and additional ground No

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

section 148 of the Act, despite the request made by the Appellant. 3. Without prejudice to the above, the learned CIT(A) ought to have held that the income from the property derived from the provision of amenities to the tenants of the property is assessable under the head "income from business". ADDITIONAL GROUND: 3(b) The learned

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

properties at S.No.2 to 6 fall under the category of residential houses and therefore, the case of the assessee is hit by proviso (a)(i) of section 54F of the I.T. Act. He therefore, disallowed the claim of deduction u/s 54F at Rs. 9

HIMA BINDU PUTTA,HYDERABAD vs. INCOME TAX OFFICER, WARD-6(3), HYDERABAD

Appeal stands allowed

Bench: Smt. P. Madhavi Devi

9,31,723/- while she admitted rental income of Rs. 15 lacs. The Assessing Officer observed that the tenant of the assessee is OSI Consulting Pvt Limited which in turn has provided residential accommodation to Sri Y. Anil Kumar, the husband of the assessee, and that the assessee is residing with her husband. Therefore, he observed that the premises

RACHIT V SHAH,HYDERABAD vs. ITO, WARD-7(3), HYDERABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

house property and thereby fulfilled the conditions of section 54F of the Income Tax Act, 1961 to claim exemption. Hence, the intention of the CIT (A) is totally wrong, bad & illegal. The Appellant prays that the addition of Rs.2,63,67,705/-made in respect of section 54F be deleted. As such, Your Honor is requested to consider the above

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

In the result, the appeals of the revenue are partly allowed for statistical purposes in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

9. Section 80A(1) provides that in computing total income of the assessee, there shall be allowed from the gross total income the deductions specified in sections 80-C to 80-U. Sub-section (2) further provides that the aggregate amount of deductions under this Chapter shall not in any case exceed the gross total income of the assessee

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

In the result, the appeals of the revenue are partly allowed for statistical purposes in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

9. Section 80A(1) provides that in computing total income of the assessee, there shall be allowed from the gross total income the deductions specified in sections 80-C to 80-U. Sub-section (2) further provides that the aggregate amount of deductions under this Chapter shall not in any case exceed the gross total income of the assessee

ANITHA BOBBA,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-6(1), HYDERABAD

In the result, appeal of the assessee is allowed

Bench: Shri A. Mohan Alankamonyassessment Year: 2008-09 Smt. Bobba Anitha, Vs. Acit, Hyderabad. Circle-6(1), Pan: Bivpb 4181 K Hyderabad. (Appellant) (Respondent) Assessee By: Shri V. Siva Kumar Revenue By: Shri N. Srikanth, Dr Date Of Hearing: 12/01/2021 Date Of Pronouncement: 04/02/2021 Order Per A. Mohan Alankamony, Am.:

property shall be purchased in the name of the assessee; it merely says that the assessee should have purchased/constructed 'a residential house'.[Para 7] • Therefore, the predominant judicial view for the purposes of section 54F is that the new residential house need not be purchased by the assessee in his own name nor is it necessary that it should

DY. COMMISSIONER OF INCOME TAX , CIRCLE-3(1), HYDERABAD vs. MALAYADRI LAXMI NARASIMHAM MULLAPATI, HYDERABAD

In the result, the appeal of Revenue is allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

house property, which were pledged with bank for obtaining loan by the company. These properties were sold by bank arid the sale proceeds were appropriated by bank to square off the loans of the company. The net consideration in this case is the sale amount collected by bank. Thus the net consideration on the sale of the original assets stands

BOLLINENI KRISHNA KUMARI ,HYDERABAD vs. INCOME TAX OFFICER, WARD-11(3), HYDERABAD

In the result, the appeal of the assessee is dismissed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

section 50C of the I.T. Act. 6.2 It was argued that the properties sold by the assessee are under litigation as Smt. P. Vijaya Laxmi and three others contested the ownership of the land and filed a suit in the court of Senior Civil Judge, R.R. Dist. requesting the Hon'ble Judge to cancel the sale deed in respect

DCIT., (INTERNATIONAL TAXATION)-1, HYDERABAD vs. SYAMA REDDY MALI REDDY, HYDERABAD

house so purchased or constructed (hereafter in this\nsection referred to as the new asset), the difference between the\namount of the capital gain and the cost of the new asset shall be\ncharged under section 45 as the income of the previous year; and\nfor the purpose of computing in respect of the new asset any\ncapital gain arising

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

In the result, the appeal of the assessee is allowed

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:

House Property” instead of under the correct head “Profits and Gains of Business or Profession.” The ITAT held that penalty under section 270A of the Act cannot be levied merely because of a change of head of income. Hence, respectfully following the same, under the present facts and circumstances of the case, we are of the considered view that

JOSEPH KIRAN KUMAR REDDY BASANI,HYDERABAD vs. DCIT., CIRCLE-5(1), HYDERABAD

In the result, the appeal of the assessee is allowed for statistical purposes

Bench: Shri Manjunatha G. Hon’Ble & Shri K. Narasimha Chary Hon’Bleassessment Year: 2015-16 Vs. The Deputy Commissioner Of Joseph Kiran Kumar Reddy Income Tax, Basani, Circle 5(1), C/O. Pary & Co., Chartered Hyderabad. Accountants, No.6, 2Nd Floor, 8-2-703/Vj/6, Vijay Villa, Road No.12, Banjara Hills, Hyderabad – 500034, Telangana. Pan : Agcpb8082B. (Appellant) (Respondent) Assessee By: Shri Vamsi Krishna Reddy, C.A. Revenue By: Shri Karthik Manickam, Sr.Ar. Date Of Hearing: 29.10.2024 Date Of Pronouncement: 29.10.2024

house property), one year before the date of transfer or within two years from the date of transfer of original asset. In other words, in order to get deduction under Section 54F of the Act, the assessee shall invest sale consideration on or before 25-04-2014. 9

GOWRI SHANKAR GUPTA,HYDERABAD vs. INCOME TAX OFFICER, WARD-2(3), HYDERABAD

9. The lower authorities erred in not giving credit of Tax Deducted at source by M/s Leadspace amounting to Rs.1,10,250/- in the computation sheet even though there is no mention of the same in the Assessment order or appellate order. 10. The tax authorities omitted to consider the ratio laid down by the Honourable Madras High Court