M/S FINCITY INVESTMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

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

penalty proceedings u/s 271(1)(c) of the I.T.Act, 1961 is also initiated against the appellant for furnishing inaccurate particulars of his income. 18. In the result, the appeal is dismissed and the assessed income is enhanced to the extent of Rs. 58,46,780/-. Show cause notice u/s 274 r.w.s. 271(1)(c) is issued for the reasons recorded

M/S HIGHGRACE INVESTMENTS PVT LTD,HYDERABAD vs. DCIT, HYDERABAD

In the result, appeal of assessee for AY

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

penalty proceedings u/s 271(1)(c) of the I.T.Act, 1961 is also initiated against the appellant for furnishing inaccurate particulars of his income. 18. In the result, the appeal is dismissed and the assessed income is enhanced to the extent of Rs. 58,46,780/-. Show cause notice u/s 274 r.w.s. 271(1)(c) is issued for the reasons recorded

M/S ELEM INVESTMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

penalty proceedings u/s 271(1)(c) of the I.T.Act, 1961 is also initiated against the appellant for furnishing inaccurate particulars of his income. 18. In the result, the appeal is dismissed and the assessed income is enhanced to the extent of Rs. 58,46,780/-. Show cause notice u/s 274 r.w.s. 271(1)(c) is issued for the reasons recorded

M/S HIGH GRACE INVESTMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

penalty proceedings u/s 271(1)(c) of the I.T.Act, 1961 is also initiated against the appellant for furnishing inaccurate particulars of his income. 18. In the result, the appeal is dismissed and the assessed income is enhanced to the extent of Rs. 58,46,780/-. Show cause notice u/s 274 r.w.s. 271(1)(c) is issued for the reasons recorded

M/S ELEM INVESTMENT(P)LIMITED,HYDERABAD vs. THE DICT, HYDERABAD

In the result, appeal of assessee for AY

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

penalty proceedings u/s 271(1)(c) of the I.T.Act, 1961 is also initiated against the appellant for furnishing inaccurate particulars of his income. 18. In the result, the appeal is dismissed and the assessed income is enhanced to the extent of Rs. 58,46,780/-. Show cause notice u/s 274 r.w.s. 271(1)(c) is issued for the reasons recorded

M/S HIGHGRACE INVESTEMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

penalty proceedings u/s 271(1)(c) of the I.T.Act, 1961 is also initiated against the appellant for furnishing inaccurate particulars of his income. 18. In the result, the appeal is dismissed and the assessed income is enhanced to the extent of Rs. 58,46,780/-. Show cause notice u/s 274 r.w.s. 271(1)(c) is issued for the reasons recorded

M/S ELEM INVESTMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

penalty proceedings u/s 271(1)(c) of the I.T.Act, 1961 is also initiated against the appellant for furnishing inaccurate particulars of his income. 18. In the result, the appeal is dismissed and the assessed income is enhanced to the extent of Rs. 58,46,780/-. Show cause notice u/s 274 r.w.s. 271(1)(c) is issued for the reasons recorded

M/S FINCITY INVESTMENTS PVT LTD,HYDERABAD vs. DCIT, HYDERABAD

In the result, appeal of assessee for AY

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

penalty proceedings u/s 271(1)(c) of the I.T.Act, 1961 is also initiated against the appellant for furnishing inaccurate particulars of his income. 18. In the result, the appeal is dismissed and the assessed income is enhanced to the extent of Rs. 58,46,780/-. Show cause notice u/s 274 r.w.s. 271(1)(c) is issued for the reasons recorded

M/S HIGHGRACE INVESTEMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

penalty proceedings u/s 271(1)(c) of the I.T.Act, 1961 is also initiated against the appellant for furnishing inaccurate particulars of his income. 18. In the result, the appeal is dismissed and the assessed income is enhanced to the extent of Rs. 58,46,780/-. Show cause notice u/s 274 r.w.s. 271(1)(c) is issued for the reasons recorded

M/S FINCITY INVESTMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

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

penalty proceedings u/s 271(1)(c) of the I.T.Act, 1961 is also initiated against the appellant for furnishing inaccurate particulars of his income. 18. In the result, the appeal is dismissed and the assessed income is enhanced to the extent of Rs. 58,46,780/-. Show cause notice u/s 274 r.w.s. 271(1)(c) is issued for the reasons recorded

M/S FINCITY INVESTMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

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

penalty proceedings u/s 271(1)(c) of the I.T.Act, 1961 is also initiated against the appellant for furnishing inaccurate particulars of his income. 18. In the result, the appeal is dismissed and the assessed income is enhanced to the extent of Rs. 58,46,780/-. Show cause notice u/s 274 r.w.s. 271(1)(c) is issued for the reasons recorded

M/S ELEM INVESTMENTS PVT.LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, appeal of assessee for AY

Bench: Smt. P. Madhavi Devi & Shri B. Ramakotaiahappellant Respondent

penalty proceedings u/s 271(1)(c) of the I.T.Act, 1961 is also initiated against the appellant for furnishing inaccurate particulars of his income. 18. In the result, the appeal is dismissed and the assessed income is enhanced to the extent of Rs. 58,46,780/-. Show cause notice u/s 274 r.w.s. 271(1)(c) is issued for the reasons recorded

M/S VECYES INVESTEMENT PVT LTD.,,HYDERABAD vs. ACIT, HYDERABAD

In the result, the appeal of assessee is partly allowed

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

penalty proceedings u/s 271(1)(c) of the I.T.Act, 1961 is also initiated against the appellant for furnishing inaccurate particulars of his income. 18. In the result, the appeal is dismissed and the assessed income is enhanced to the extent of Rs. 58,46,780/-. Show cause notice u/s 274 r.w.s. 271(1)(c) is issued for the reasons recorded

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1), HYDERABAD vs. B.RAMALINGA RAJU, HYDERABAD

In the result, the appeal of Revenue in ITA No

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

VII, Hyderabad. 8.1.2 The A.O, submitted a remand report dated 06/08/2014. The operative part of the remand report reads as under:- "In this connection, as directed the verification regarding the trail of money based an assessee's submissions before the CIT(A) whether such investment were made from tax suffered money or not was carried out in the following cases

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(1), HYDERABAD vs. B.RAMALINGA RAJU , HYDERABAD

In the result, the appeal of Revenue in ITA No

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

VII, Hyderabad. 8.1.2 The A.O, submitted a remand report dated 06/08/2014. The operative part of the remand report reads as under:- "In this connection, as directed the verification regarding the trail of money based an assessee's submissions before the CIT(A) whether such investment were made from tax suffered money or not was carried out in the following cases

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

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

271(1)(c) of the Act. As the Assessing Officer not passed any order for levying penalty, this ground is preposterous and cannot be adjudicated. Dismissed accordingly. 41. In the result ITA No. 1970/Hyd/2011 and 1499/Hyd/2011 are partly allowed for statistical purposes. SA Nos. 83 and 84/ Hyd/2012 are dismissed as infructuous as we have already disposed of the appeals

MADHUCON PROJECTS LIMITED,HYDERABAD vs. DCIT., CENTRAL CIRCLE-3, HYDERABAD, HYDERABAD

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

271(1)(c) of the Act. As the Assessing Officer not passed any order for levying penalty, this ground is preposterous and cannot be adjudicated. Dismissed accordingly. 41. In the result ITA No. 1970/Hyd/2011 and 1499/Hyd/2011 are partly allowed for statistical purposes. SA Nos. 83 and 84/ Hyd/2012 are dismissed as infructuous as we have already disposed of the appeals

MADHUCON PROJECTS LIMITED,HYDERABAD vs. DCIT., CENTRAL CIRCLE-3, HYDERABAD, HYDERABAD

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

271(1)(c) of the Act. As the Assessing Officer not passed any order for levying penalty, this ground is preposterous and cannot be adjudicated. Dismissed accordingly. 41. In the result ITA No. 1970/Hyd/2011 and 1499/Hyd/2011 are partly allowed for statistical purposes. SA Nos. 83 and 84/ Hyd/2012 are dismissed as infructuous as we have already disposed of the appeals