MADHUCON PROJECTS LTD, HYDERABAD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-3, HYD, HYDERABAD

Bench: Shri R.K. Panda & Shri Laliet Kumar

194J(1) and as per section 40(a)(ia) of the Act which got amended with retrospective effect from 1.4.2006 wherein rent and royalty are introduced. Being so, the assessee is liable for deduction of TDS on the royalty payment. However, the Special Bench in the case of Merilyn Shipping & Transports (supra) held that the word "payable" used in section

ACIT CENTRAL CIRCLE-1(4), HYDERABAD vs. ANJANEYA RAVI VARMA PRASAD KANTHATE, HYDERABAD

In the result, both the appeals filed by the assessee are allowed for statistical purposes

Bench: Shri R.K. Panda & Shri Laliet Kumar

Section Income Income Erroneous which reflected assessed by assessment received in Form learned of excess 26AS Assessing income Officer (double the amount as reflected in 26AS) A B B-A MNR Educational 192A 5,59,154 11,18,308 5,59,154 Trust Hyderabad Race 194BB 63,600 1,27,200 63,600 Club ECHS Station HQ 194J

ANJANEYA RAVI VARMA PRASAD KANTHATE,HYDERABAD vs. ACIT CENTRAL CIRCLE-1(4), HYDERABAD

In the result, both the appeals filed by the assessee are allowed for statistical purposes

Bench: Shri R.K. Panda & Shri Laliet Kumar

Section Income Income Erroneous which reflected assessed by assessment received in Form learned of excess 26AS Assessing income Officer (double the amount as reflected in 26AS) A B B-A MNR Educational 192A 5,59,154 11,18,308 5,59,154 Trust Hyderabad Race 194BB 63,600 1,27,200 63,600 Club ECHS Station HQ 194J