ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. INDRANI PRASAD , NEW DELHI

In the result, the appeal is treated as allowed”

Bench: Shri A.M. Alankamony & Shri S.S. Godara

271 (l)(G), 271A and 2718. Section 158 BFA provides [or levy of interest and penalty in cases of search on .or after January 1, 1997. Section 158 BO specifies the authorities competent to make the block assessment. Section 158 BH provides for application of all the other provisions of this Act, except those as provided in Chapter

NAVAYUGA ENGINEERING COMPANY LIMITED,HYDERABAD vs. ACIT CIRCLE-1(1), HYDERABAD

In the result, all the three appeals filed by the assessee are dismissed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

302 - Rs.30,60,57,963 Total Income Rs. Nil 6.1 Since the assessee has not claimed any deduction u/s 80IA(4) in the original return but has made such claim for the first time in the return filed in response to notice u/s 153A, the Assessing Officer asked the assessee to substantiate such claim by providing the copies of agreement

NAVAYUGA ENGINEERING COMPANY LIMITED,HYDERABAD vs. ACIT CIRCLE-1(1), HYDERABAD

In the result, all the three appeals filed by the assessee are dismissed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

302 - Rs.30,60,57,963 Total Income Rs. Nil 6.1 Since the assessee has not claimed any deduction u/s 80IA(4) in the original return but has made such claim for the first time in the return filed in response to notice u/s 153A, the Assessing Officer asked the assessee to substantiate such claim by providing the copies of agreement

NAVAYUGA ENGINEERING COMPANY LIMITED,HYDERABAD vs. ACIT CIRCLE-1(1), HYDERABAD

In the result, all the three appeals filed by the assessee are dismissed

Bench: Shri R.K. Panda, Vice- & Shri Laliet Kumar

302 - Rs.30,60,57,963 Total Income Rs. Nil 6.1 Since the assessee has not claimed any deduction u/s 80IA(4) in the original return but has made such claim for the first time in the return filed in response to notice u/s 153A, the Assessing Officer asked the assessee to substantiate such claim by providing the copies of agreement

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