BRIGHTCOM GROUP LIMITED (FORMERLY KNOWN AS LYCOS INTERNET LIMITED),HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-16(1),, HYDERABAD

In the result, the appeal filed by the assessee is allowed in terms of our observations given hereinabove

section 115). 5. Erred in initiating penalty proceedings u/s. 271(1)(c), 271AA and 271BA of the Income Tax Act. The assessee

ASSISTANT COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-2(4), HYDERABAD vs. RAVI RISHI EDUCATIONAL SOCIETY, HYDERABAD

In the result, the appeal of the revenue in ITA

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

115/-, Interest payable to UCO Bank at Rs. 4,07.616/-, Interest Payable to SBI(124) at Rs. 5,32,851/-, Interest Payable to SBI(1204) at Rs. 9,16,763/- & Other Expenditure Payable at Rs.75,45,386/-, was incurred towards the object of the society, even though the assessee failed to substantiate the same with relevant documentary evidences

ASSISTANT COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-2(4), HYDERABAD vs. RAVI RISHI EDUCATIONAL SOCIETY, HYDERABAD

In the result, the appeal of the revenue in ITA

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

115/-, Interest payable to UCO Bank at Rs. 4,07.616/-, Interest Payable to SBI(124) at Rs. 5,32,851/-, Interest Payable to SBI(1204) at Rs. 9,16,763/- & Other Expenditure Payable at Rs.75,45,386/-, was incurred towards the object of the society, even though the assessee failed to substantiate the same with relevant documentary evidences

ASSISTANT COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-2(4), HYDERABAD vs. RAVI RISHI EDUCATIONAL SOCIETY, HYDERABAD

In the result, the appeal of the revenue in ITA

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

115/-, Interest payable to UCO Bank at Rs. 4,07.616/-, Interest Payable to SBI(124) at Rs. 5,32,851/-, Interest Payable to SBI(1204) at Rs. 9,16,763/- & Other Expenditure Payable at Rs.75,45,386/-, was incurred towards the object of the society, even though the assessee failed to substantiate the same with relevant documentary evidences

ASSISTANT COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-2(4), HYDERABAD vs. RAVI RISHI EDUCATIONAL SOCIETY, HYDERABAD

In the result, the appeal of the revenue in ITA

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

115/-, Interest payable to UCO Bank at Rs. 4,07.616/-, Interest Payable to SBI(124) at Rs. 5,32,851/-, Interest Payable to SBI(1204) at Rs. 9,16,763/- & Other Expenditure Payable at Rs.75,45,386/-, was incurred towards the object of the society, even though the assessee failed to substantiate the same with relevant documentary evidences

ASSISTANT COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-2(4), HYDERABAD vs. RAVI RISHI EDUCATIONAL SOCIETY, HYDERABAD

In the result, the appeal of the revenue in ITA

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

115/-, Interest payable to UCO Bank at Rs. 4,07.616/-, Interest Payable to SBI(124) at Rs. 5,32,851/-, Interest Payable to SBI(1204) at Rs. 9,16,763/- & Other Expenditure Payable at Rs.75,45,386/-, was incurred towards the object of the society, even though the assessee failed to substantiate the same with relevant documentary evidences

ASSISTANT COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-2(4), HYDERABAD vs. RAVI RISHI EDUCATIONAL SOCIETY, HYDERABAD

In the result, the appeal of the revenue in ITA

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

115/-, Interest payable to UCO Bank at Rs. 4,07.616/-, Interest Payable to SBI(124) at Rs. 5,32,851/-, Interest Payable to SBI(1204) at Rs. 9,16,763/- & Other Expenditure Payable at Rs.75,45,386/-, was incurred towards the object of the society, even though the assessee failed to substantiate the same with relevant documentary evidences

ASSISTANT COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-2(4), HYDERABAD vs. RAVI RISHI EDUCATIONAL SOCIETY, HYDERABAD

In the result, the appeal of the revenue in ITA

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

115/-, Interest payable to UCO Bank at Rs. 4,07.616/-, Interest Payable to SBI(124) at Rs. 5,32,851/-, Interest Payable to SBI(1204) at Rs. 9,16,763/- & Other Expenditure Payable at Rs.75,45,386/-, was incurred towards the object of the society, even though the assessee failed to substantiate the same with relevant documentary evidences

NALAMATI SEA FOODS PRIVATE LIMITED,HYDERABAD vs. ITO WARD-16(2), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Charyassessment Year: 2012-13 Nalamati Sea Foods (P) Ltd Vs. Income Tax Officer Hyderabad Ward 16(2) Pan: Aabcn1440K Hyderabad (Appellant) (Respondent) Assessee By: Shri E.S. Ranganath, Ca Revenue By: Shri Kumar Aditya, Dr Date Of Hearing: 16/01/2023 Date Of Pronouncement: 16/01/2023 Order Per R.K. Panda, A.M

section 271(1)(c) of the I.T. Act. We find the assessee did not appear before the CIT (A)-NFAC for which the learned CIT (A)-NFAC has confirmed the penalty levied by the Assessing Officer and dismissed the appeal filed by the assessee. We find the Tribunal in assessee’s own case in the quantum proceedings has deleted

PRATHIBA EDUCATIONAL SOCIETY,HYDERABAD vs. INCOME TAX OFFICER, WARD-6(4), HYDERABAD

In the result, appeal of the Assessee is allowed

Bench: Shri Vijay Pal Rao & Shri Manjunatha Gआ.अपी.सं /Ita No.1424/Hyd./2025 िनधा"रण वष"/Assessment Years 2017-2018 Prathiba Educational The Income Tax Officer, Society, Hyderabad. Ward-6(4), Pin – 500 038 Vs. Hyderabad. Pan Aaatp4036B. Pin – 500 001 (Appellant) (Respondent) िनधा""रती "ारा/Assessee By : Ca Sanket Milind Joshi राज" व "ारा/Revenue By : Sri Krishna Moorthy K. Sr. Ar सुनवाई की तारीख/Date Of Hearing: 28.10.2025 घोषणा की तारीख/Pronouncement: 31.10.2025 आदेश/Order Per Vijay Pal Rao:

115 BBE without properly appreciating the nature of the appellant society activities, sources of income and availability of cash on hand as per regularly maintained books of account. 3. The learned AO has erred in treating the cash deposits into bank accounts as unexplained money u/s 69A ignoring the fact that, cash balance deposited into the bank accounts was recorded

M/S KANTAR GDC INDIA PVT. LTD. (FORMERLY TNS INDIA PVT LTD),HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Mahavir Singh & Shri Manjunatha, G.आ.अपी.सं /Ita No.2261/Hyd/2017 (िनधा"रण वष"/Assessment Year: 2013-14) M/S. Kantar Gdc India (P) Vs. Dy. C. I. T. Ltd (Formerly Tns India (P) Circle 2(2) Ltd, Hyderabad Hyderabad Pan:Aabcn2278F (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Advocate Harpreet Singh Ajmani राज" व "ारा/Revenue By:: Shri Shiva Sewak, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 15/05/2024 घोषणा की तारीख/Pronouncement: 03/06/2024 आदेश/Order

penalty proceedings u/s 271(1)(c), 271AA, 271BA of the Act. The Appellant craves, to consider each of the above grounds of appeal without prejudice to each other and craves leave to add, alter, delete or modify all or any of the above grounds of appeal.” 3. Facts of the case, in brief, are that the assessee company is engaged

MANTRI COSMOS II OWNERS WELFARE ASSOCIATION,HYDERABAD vs. ACIT., CIRCLE-6(1), HYDERABAD

In the result, both the appeals of the assessee for the A

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita Nos.20 & 21/Hyd/2025 (िनधा"रण वष"/Assessment Years: 2020-21 & 2021-22) Mantri Cosmos Ii Owners Vs. Asstt. Commissioner Of Welfare Association Income Tax, Circle 6(1) Hyderabad Hyderabad Pan:Aaeam1297J (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Advocates K Hari Prasad & K Karthik राज" व "ारा/Revenue By:: Smt.M Narmada, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 19/03/2025 घोषणा की तारीख/Pronouncement: 21/03/2025 आदेश/Order

271(1)(c) of the Act. That penalty being impossible for concealment of income Page 7 of 16 ITA Nos 20 and 21 of 2025 Mantri Cosmos II Owners Welfare Association consequent to scrutiny assessment order under Section 143(3) of the Act, it has no application to the present facts involving demand of additional tax on simple processing

MANTRI COSMOS II OWNERS WELFARE ASSOCIATION,HYDERABAD vs. ACIT., CIRCLE-6(1), HYDERABAD

In the result, both the appeals of the assessee for the A

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita Nos.20 & 21/Hyd/2025 (िनधा"रण वष"/Assessment Years: 2020-21 & 2021-22) Mantri Cosmos Ii Owners Vs. Asstt. Commissioner Of Welfare Association Income Tax, Circle 6(1) Hyderabad Hyderabad Pan:Aaeam1297J (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Advocates K Hari Prasad & K Karthik राज" व "ारा/Revenue By:: Smt.M Narmada, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 19/03/2025 घोषणा की तारीख/Pronouncement: 21/03/2025 आदेश/Order

271(1)(c) of the Act. That penalty being impossible for concealment of income Page 7 of 16 ITA Nos 20 and 21 of 2025 Mantri Cosmos II Owners Welfare Association consequent to scrutiny assessment order under Section 143(3) of the Act, it has no application to the present facts involving demand of additional tax on simple processing

HABEEBULLA SHAIK,RAJAMPET vs. INCOME-TAX OFFICER, WARD -1, KADAPA

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

Bench: Shri Laliet Kumarassessment Year: 2017-18 Habeebulla Shaik, Vs. The Income Tax Officer, Rajampet, Ward – 1, 5/156, A2, Kolimi Street, Kadapa. Rajampet Mandal, Andhra Pradesh. Pan No.Dawps8670B. (Appellant) (Respondent) Assessee By: Shri Abhiroop Bhargav, C.A. Revenue By: Shri T. Venkanna, Sr.A.R. Date Of Hearing: 17/01/2024 Date Of Pronouncement: 23/01/2024

Section 234B of the Act. 3. The brief facts of the case are that assessee had deposited Rs.10,58,000/- in bank account during demonetization period but has not filed any return of income for Assessment Year 2017-18. Hence, a notice u/s 142(1) of the Income-tax Act, 1961 was issued on 22-03-2018 calling for return

CANDID INDUSTRIES LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee for the A

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumarआ.अपी.सं /Ita Nos.82 & 86/Hyd/2024 (िनधा"रण वष" / Assessment Years: 2013-14 & 2016-17) Candid Industries Vs. Dy. C. I. T. Hyderabad Circle 1(1) Pan:Aaace4493Q Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri P. Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Smt. Sheetal Sarin, Dr सुनवाई की तारीख/Date Of Hearing: 19/03/2024 घोषणा की तारीख/Pronouncement: 20/03/2024

section 147 r.w.s 144 of the Act. Subsequently notice u/s 148 of the act were dt.30.03.2021 also notices u/s 142(1) of the Act were issued on 24.11.2021 to the assessee for which the assessee could not respond as the assessee was new to the scheme of faceless assessment and due to difficulty in arranging documents & due to technical glitches

CANDID INDUSTRIES LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

In the result, appeal filed by the assessee for the A

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumarआ.अपी.सं /Ita Nos.82 & 86/Hyd/2024 (िनधा"रण वष" / Assessment Years: 2013-14 & 2016-17) Candid Industries Vs. Dy. C. I. T. Hyderabad Circle 1(1) Pan:Aaace4493Q Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri P. Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Smt. Sheetal Sarin, Dr सुनवाई की तारीख/Date Of Hearing: 19/03/2024 घोषणा की तारीख/Pronouncement: 20/03/2024

section 147 r.w.s 144 of the Act. Subsequently notice u/s 148 of the act were dt.30.03.2021 also notices u/s 142(1) of the Act were issued on 24.11.2021 to the assessee for which the assessee could not respond as the assessee was new to the scheme of faceless assessment and due to difficulty in arranging documents & due to technical glitches

OAKTON GLOBAL TECHNOLOGY SERVICES CENTRE (INDIA) PRIVATE LIMITED,HYDERABAD vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-16(2), HYDERABAD

In the result, the appeal of the assessee in ITA No

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

271 has no bearing on the question raised before us. There the concessional scheme tempted the assessee to disclose voluntarily all his concealed income and he agreed to pay the proper tax upon ITA Nos.32/Hyd/2019 & 9 2130/Hyd/2017 it. The agreement there related to the quantification of taxable income but in the present case what is sought to be taxed

OAKTON GLOBAL TECHNOLOGY SERVICES CENTRE (I) PRIVATE LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(2), HYDERABAD

In the result, the appeal of the assessee in ITA No

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

271 has no bearing on the question raised before us. There the concessional scheme tempted the assessee to disclose voluntarily all his concealed income and he agreed to pay the proper tax upon ITA Nos.32/Hyd/2019 & 9 2130/Hyd/2017 it. The agreement there related to the quantification of taxable income but in the present case what is sought to be taxed