VIGILANCE SECURITY SERVICES (P) LTD., SEC'BAD,HYDERABAD vs. ACIT (OSD), RANGE-3, HYD, HYDERABAD

In the result, appeal of assessee is allowed

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiah

penalty u/s. 271(1)(c) of the Income Tax Act [Act]. 2. Briefly stated, assessee a company, filed its return of income declaring NIL taxable income. During the year, assessee has earned Long Term Capital Gain

GAJANAN FINANCIAL SERVICES PRIVATE LIMITED, HYDERABAD,HYDERABAD vs. ACIT, CIRCLE-2(3), HYDERABAD, HYDERABAD

Bench: Shri S.S. Godara & Shri L. P. Sahu(Through Virtual Hearing)

271(1)(c) of Income Tax Act, 1961 (‘the Act’); respectively. Heard both the parties. Case files perused. 2. We come to the assessee's quantum appeal ITA 256/Hyd/2017. Its twin main substantive grounds seek to challenge validity of the impugned reopening followed by set off of short term capital gain amounting to Rs.16,70,179 against its long term

DEEPAK NAGORI ,HYDERABAD vs. INCOME TAX OFFICER, WARD-8(3), HYDERABAD

In the result, appeal filed by the assessee is dismissed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumarassessment Year:2012-13 Shri Deepak Nagori Vs. Income Tax Officer Hyderabad Ward 8(3) Hyderabad (Appellant) (Respondent) Pan:Abspn3300M Assessee By: None Revenue By: Shri K. Madhusudan, Cit(Dr) Date Of Hearing: 07/12/2023 Date Of Pronouncement: 12/12/2023 Order Per Laliet Kumar, J.M This Appeal Filed By The Assessee Is Directed Against The Order Dated 28.05.2018 Of The Learned Cit (A)-2, Hyderabad Relating To A.Y.2012-13. 2. The Grounds Raised By The Assessee Reads As Under: “1. That The Appellant Is An Individual & Filed His Income Tax Return (Tr) For Fy 2011-12 By Declaring Income Of Rs.5,82,686/-. The Itr Includes Long Term Capital Gains Of Rs.23,08,721/- & Claimed Exemption Under Section 10(38) Of It Act 1961. Notices Issued Under Section 148 & Notice Under Section 142(1) Of The Income Tax Act, 1961. The Ld. Ao Passed The Assessment Order Under Section 143(3) R.W.S. 147 Of The I.T Act, 1961 & The Same Was Upheld By Ld. Cit(A).

Long Term Capital Gains by giving a colour of authenticity through artificial/arranged transactions. Therefore, the Assessing Officer denied the claim of exemption of Capital Gain and the benefit gained by the assessee from the transaction of Rs.23,08,721/- was treated as unexplained investment u/s 69 of the Act r.w.s. 115BBE of the I.T. Act. Since this a clear case

DCIT, CIRCLE - 16(2), HYDERABAD vs. M/S MAHESHWARI MEGA VENTURES LIMITED,, HYDERABAD

In the result, appeal of the revenue is dismissed

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Year: 2006-07

Long Term Capital Gains shown by it was on notional basis and not liable for tax at all: 5.1 During the year under consideration, the above lands of 5 acres were sold for Rs. 12,50,00,000/- to Prakruti Infrastructure and Developers (P) Limited and received advances of Rs.4 crores from the purchaser in respect of the above lands

KALAWATHI BAGAYATH,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, both the appeal of the assessee in ITA

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

271(1)(c) of the Income- Tax Act, 1961; in short “the Act”. :- 2 -: ITA Nos. 1279 & 1280/Hyd/2017 Kalawathi Bagayath., Hyderabad. 2. In this appeal the assessee has raised 11 (1 to 11) grounds of appeal and raised additional grounds off appeal from 12 to 17, the sum and substance of which are against the action

KALAWATHI BAGAYATH,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-4(1), HYDERABAD

In the result, both the appeal of the assessee in ITA

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

271(1)(c) of the Income- Tax Act, 1961; in short “the Act”. :- 2 -: ITA Nos. 1279 & 1280/Hyd/2017 Kalawathi Bagayath., Hyderabad. 2. In this appeal the assessee has raised 11 (1 to 11) grounds of appeal and raised additional grounds off appeal from 12 to 17, the sum and substance of which are against the action

DAMODAR REDDY KAITI ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of the assessee in ITA

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

Long Term Capital Gain declared in the Return of Income for AY 2013-14 are part of the above mentioned 18 plots. Penalty proceedings u/s 271

DAMODAR REDDY KAITI ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of the assessee in ITA

Bench: Before Shri Rama Kanta Panda & Shri Laliet Kumar

Long Term Capital Gain declared in the Return of Income for AY 2013-14 are part of the above mentioned 18 plots. Penalty proceedings u/s 271

K. BALA VISHNU RAJU, HYD,HYDERABAD vs. DCIT, CIRCLE-6(1), HYD, HYDERABAD

In the result, both the appeals under consideration are allowed

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Year: 2007-08

penalty levied by the AO u/s 271(1)(c) of the Act. ITA No. 824/Hyd/2015 in the case of Usha Rani K. 2. Briefly the facts of the case are that assessee filed her return of income for the AY 2007-08 on 28/07/2007 admitting income of Rs. 17,54,250/- including long term capital gains

USHA RANI KALIDINDI, HYD,HYDERABAD vs. DCIT, CIRCLE-6(1), HYD, HYDERABAD

In the result, both the appeals under consideration are allowed

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Year: 2007-08

penalty levied by the AO u/s 271(1)(c) of the Act. ITA No. 824/Hyd/2015 in the case of Usha Rani K. 2. Briefly the facts of the case are that assessee filed her return of income for the AY 2007-08 on 28/07/2007 admitting income of Rs. 17,54,250/- including long term capital gains

PARANJYOTHI THOTA,HYDERABAD vs. ACIT, CIRCLE-5(1), HYDERABAD

In the result, appeal filed by the assessee in ITA

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha G.आ.अपी.सं /Ita Nos. 2050 & 2079/Hyd/2025 (निर्धारण वर्ा/Assessment Year: 2012-13) Smt. Paran Jyothi Thota Vs. Asstt. Cit Hyderabad Circle 5(1) Pan:Ajqpt7772F Hyderabad (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Advocate C. Anurag रधजस् व द्वधरध/Revenue By: Dr. Sachin Kumar, Sr. Dr सुिवधई की तधरीख/Date Of Hearing: 12/02/2026 घोर्णध की तधरीख/Pronouncement: 25/02/2026 आदेश/Order Per Manjunatha, G. A.M. These Two Appeals Filed By The Assessee Are Directed Against The Separate Orders Passed By The Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi, Dated 09/09/2025 & 25/09/2025, For The Assessment Year 2012-13. Page 1 Of 33

long-term- capital gain of Rs.17,63,438/- and completed the assessment under section 144 r.w.s. 147 of the Act on 23/12/2019 and determined the total income of the assessee at Rs.17,63,438/-. 4. Aggrieved by the assessment order, the assessee preferred an appeal before the Ld. CIT (A) and such appeal has been filed on 16/05/2023. During

PARANJYOTHI THOTA,HYDERABAD vs. ACIT, CIRCLE-5(1), HYDERABAD

In the result, appeal filed by the assessee in ITA

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha G.आ.अपी.सं /Ita Nos. 2050 & 2079/Hyd/2025 (निर्धारण वर्ा/Assessment Year: 2012-13) Smt. Paran Jyothi Thota Vs. Asstt. Cit Hyderabad Circle 5(1) Pan:Ajqpt7772F Hyderabad (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Advocate C. Anurag रधजस् व द्वधरध/Revenue By: Dr. Sachin Kumar, Sr. Dr सुिवधई की तधरीख/Date Of Hearing: 12/02/2026 घोर्णध की तधरीख/Pronouncement: 25/02/2026 आदेश/Order Per Manjunatha, G. A.M. These Two Appeals Filed By The Assessee Are Directed Against The Separate Orders Passed By The Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi, Dated 09/09/2025 & 25/09/2025, For The Assessment Year 2012-13. Page 1 Of 33

long-term- capital gain of Rs.17,63,438/- and completed the assessment under section 144 r.w.s. 147 of the Act on 23/12/2019 and determined the total income of the assessee at Rs.17,63,438/-. 4. Aggrieved by the assessment order, the assessee preferred an appeal before the Ld. CIT (A) and such appeal has been filed on 16/05/2023. During

SHANTA SRIRAM CONSTRUCTIONS PVT.LTD., HYD,HYDERABAD vs. DCIT, CIRCLE-3(1), HYDERABAD, HYDERABAD

In the result, appeal filed by the assessee is allowed

Bench: V. Durga Rao & Shri S. Rifaur Rahmanassessment Year: 2009-10 Shanta Sriram Infra & Vs. Dcit, Constructions Pvt Ltd., Circle-3(1), Hyderabad. Hyderabad. Pan: Aadcs 4180 M (Appellant) (Respondent) Assessee By: Sri S. Rama Rao Revenue By: Smt. M. Narmada, Dr Date Of Hearing: 05/03/2019 Date Of Pronouncement: 15/03/2019 Order Per V. Durga Rao, J.M.:

penalty proceedings u/s 271(1)©. The fact is that long term capital gains for sale of the property have come

S. VENKATESWARA REDDY,KURNOOL vs. INCOME TAX OFFICER, WARD-2, KURNOOL

In the result, appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Blevenkateswara Reddy Singani, Vs. Ito, Ward-2, Chetlamallapuram Village, Kurnool. Kallur Mandal, Kurnool Dist. Pan No. Aqxps 9237 Q (Appellant) (Respondent)

penalty proceedings u/s 271(1)(c). The fact is that long term capital gains for sale of the property have

PRADEEP KUMAR REDDY YELLAREDDYGARI,KURNOOL vs. INCOME TAX OFFICER, WARD-1, ADONI

In the result, appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Blepradeep Kumar Reddy Vs. Ito, Ward-1, Yellareddygari, No. 2-10, Adoni. Ramapuram Village, Thungabhadra Post, Mantralayam Mandal, Kurnool District. Pan No. Afbpy 3827 P (Appellant) (Respondent)

penalty proceedings u/s 271(1)(c). The fact is that long term capital gains for sale of the property have

JITENDER KUMAR GUPTA,HYDERABAD vs. ACIT, CENTRAL CIRCLE-3(1), HYDERABAD

In the result, the appeal of the assessee in ITA

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumarassessment Year: 2012-13 Sri Jitender Kumar Gupta Vs. A.C.I.T Hyderabad Central Circle 3(1) Hyderabad (Appellant) (Respondent) Pan:Aappg6606B Assessment Year: 2013-14 Sri Virender Kumar Gupta Vs. A.C.I.T Hyderabad Central Circle 3(1) Hyderabad (Appellant) (Respondent) Pan:Aaspg1887D Assessee By: Shri K.C. Devdas, Ca Revenue By: Smt. T.H. Vijaya Lakshmi, Cit(Dr) Date Of Hearing: 25/09/2023 Date Of Pronouncement: 17/10/2023 Order Per Laliet Kumar, J.M These Are The Two Connected Appeals Filed By The Respective Assessees Are Directed Against The Common Order Dated 27.07.2022 Of The Learned Cit (A)-11, Hyderabad Relating To A.Ys. 2012-13 & 2013-14 Respectively. Since Identical Grounds Have Been Taken By The Assessees In Both These Appeals, Therefore, For Page 1 Of 23

Long Term Capital Gain u/s 10(38) and assessed the same as unexplained cash receipt u/s 68 of the I.T. Act Accordingly, the amount of Rs.1,04,81,814/- introduced/credited by the assessee against the sale of scripts of above mentioned Twenty First Century India Ltd during the financial year 2011-12 (A.Y 2012-13) in his capital account

ACIT, CENTRAL CIRCLE-3(1), HYDERABAD vs. VIRENDER KUMAR GUPTA, HYDERABAD

In the result, the appeal of the assessee in ITA

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumarassessment Year: 2012-13 Sri Jitender Kumar Gupta Vs. A.C.I.T Hyderabad Central Circle 3(1) Hyderabad (Appellant) (Respondent) Pan:Aappg6606B Assessment Year: 2013-14 Sri Virender Kumar Gupta Vs. A.C.I.T Hyderabad Central Circle 3(1) Hyderabad (Appellant) (Respondent) Pan:Aaspg1887D Assessee By: Shri K.C. Devdas, Ca Revenue By: Smt. T.H. Vijaya Lakshmi, Cit(Dr) Date Of Hearing: 25/09/2023 Date Of Pronouncement: 17/10/2023 Order Per Laliet Kumar, J.M These Are The Two Connected Appeals Filed By The Respective Assessees Are Directed Against The Common Order Dated 27.07.2022 Of The Learned Cit (A)-11, Hyderabad Relating To A.Ys. 2012-13 & 2013-14 Respectively. Since Identical Grounds Have Been Taken By The Assessees In Both These Appeals, Therefore, For Page 1 Of 23

Long Term Capital Gain u/s 10(38) and assessed the same as unexplained cash receipt u/s 68 of the I.T. Act Accordingly, the amount of Rs.1,04,81,814/- introduced/credited by the assessee against the sale of scripts of above mentioned Twenty First Century India Ltd during the financial year 2011-12 (A.Y 2012-13) in his capital account

SRI AMARENDER REDDY KONDAKINI,HYDERABAD vs. INCOME TAX OFFICER, WARD-15(1), HYDERABAD

In the result, appeal filed by the assessee is allowed

Bench: Shri V. Durga Rao, Hon’Bleamarender Reddy Kondakini, Vs. Ito, Ward-15(1), H.No. 37-93-222/22, Hyderabad. Road No.4, Sainikvihar, Madhuranagar Colony, Naredmet ‘X’ Roads, Hyderabad. Pan No. Ajbpk 9261 F (Appellant) (Respondent)

penalty proceedings u/s 271(1)(c). The fact is that long term capital gains for sale of the property have