HINDUPUR BIO-ENERGY PRIVATE LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD

In the result, the appeal of the assessee is dismissed, and the appeal of Revenue is allowed

Bench: Shri R.K. Panda & Shri Laliet Kumarassessment Year: 2011-12 Hindupur Bio-Energy Vs. The Deputy Commissioner Private Limited, Of Income Tax, Hyderabad. Circle 2(2), Hyderabad. Pan : Aabch0124J. (Appellant) (Respondent / Cross-Appellant) Assessment Year: 2011-12 The Deputy Commissioner Hindupur Bio-Energy Of Income Tax, Private Limited, Circle 2(2), Hyderabad. Hyderabad. Pan : Aabch0124J. (Appellant) (Respondent / Cross-Appellant) Assessee By: Shri M. Chandramouleswara Rao, C.A. Revenue By: Shri L.V. Bhaskara Reddy, Cit-Dr Date Of Hearing: 11.12.2023 Date Of Pronouncement: 21.12.2023

259 Taxman 220 (SC)), the Hon'ble Supreme Court dismissed SLP against High Court ruling that where assessee claimed depreciation on non-existent assets, penalty under section 271(1)(c) was to be levied for filing inaccurate particulars of income. The fact that even voluntary disclosure does not release the assessee from mischief of penal proceedings u/s

S A BUILDERS & DEVELOPERS ,HYDERABAD vs. ASSISTANT COMMISSIONER OF INCOME TAX ,CENTRAL CIRCLE-1(2) , HYDERABAD

In the result, Ground Nos

259 and 295 and 296 of 2022\n\nआयकर अपीलीय अधिकरण, हैदराबाद पीठ\nIN THE INCOME TAX APPELLATE TRIBUNAL\nHyderabad 'SM/DB-' Bench, Hyderabad\n\nBefore Shri Vijay Pal Rao, Vice-President\nAND\nShri Manjunatha, G. Accountant Member\n\nआ.अपी.सं / ITA Nos.258 & 259/Hyd/2022\n(निर्धारण वर्ष/Assessment Years: 2016-17 & 2017-18)\nM/s. S.A. Builders & Developers, Vs. ACIT\nHyderabad

ASSISTANT COMMISSIONER OF INCOME TAX,CENTRAL CIRCLE-2(1) , HYDERABAD vs. S A BUILDERS AND DEVELOPERS , HYDERABAD

The appeals of the Revenue are dismissed

259 and 295 and 296 of 2022\n\nआयकर अपीलीय अधिकरण, हैदराबाद पीठ\nIN THE INCOME TAX APPELLATE TRIBUNAL\nHyderabad 'SM/DB-‘Bench, Hyderabad\nBefore Shri Vijay Pal Rao, Vice-President\nAND\nShri Manjunatha, G. Accountant Member\n\nआ.अपी.सं / ITA Nos.258 & 259/Hyd/2022\n(निर्धारण वर्ष/Assessment Years: 2016-17 & 2017-18)\nM/s. S.A. Builders & Developers,\nVs.\nACIT\nHyderabad\nCentral

MRL TRADING COMPANY,HYDERABAD vs. ITO., WARD-7(1), HYDERABAD

In the result, appeal of the Assessee is allowed

259\n2,25,24,572\n20,20,510 1,39,34,552\n27\n31,46,738 37,35,65,383\nLess ITC\n30.77,553\nNet Tax Due\n69,185\nLess Tax Paid\nBalance\n69,184\nNil\nThe dealers have declared net tax payable of Rs. 69,185-00 and paid by way of\ncheques/DD's etc during the tax periods

SKANDA BUILDERS,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

penalties. However, this argument fails to hold weight as during\n\nITA.Nos.514 to 539/Hyd./2025,\nAnd ITA.Nos.308 to 311/Hyd./2025.\n\n40\n\nthe search conducted under Section 132 of the Income Tax Act, the\nManaging Director and Tax Consultant of the appellant, made key\nadmissions acknowledging discrepancies in income reporting.\nThese admissions pertained to unrecorded cash transactions