M/S DEEPIKA INFRATECH PVT LTD.,,HYDERABAD vs. ACIT, CIRCLE 1(2), HYDERABAD

In the result, appeal in ITA No

Bench: Smt P. Madhavi Devi & Shri S. Rifaur Rahman

40A(3) amounting to Rs.1,73,00,000/-. 4.The learned Commissioner of Income Tax-(Appeals)-II, erred in confirming Penalty U/s.271(1)(c ) regarding disallowance of hire charges on Tractors, u/s 40(a)(ia) amounting to Rs.50,85,000/-. 11.1 The assessee has also raised the following additional ground relying on the decision of the Hon’ble Supreme Court

DEEPIKA INFRATECH PVT.LTD., HYD,HYDERABAD vs. ACIT, CIRCLE-1(2), HYDERABAD, HYDERABAD

In the result, appeal in ITA No

Bench: Smt P. Madhavi Devi & Shri S. Rifaur Rahman

40A(3) amounting to Rs.1,73,00,000/-. 4.The learned Commissioner of Income Tax-(Appeals)-II, erred in confirming Penalty U/s.271(1)(c ) regarding disallowance of hire charges on Tractors, u/s 40(a)(ia) amounting to Rs.50,85,000/-. 11.1 The assessee has also raised the following additional ground relying on the decision of the Hon’ble Supreme Court

DEMI REALTORS,HYDERABAD vs. DCIT, CIRCLE-6(1), HYDERABAD

In the result, the appeal of the assessee is partly allowed for statistical purposes on the above terms

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

penalty u/s 234B of the Act by observing that the cash seized should have been adjusted against the self assessment tax payable with the return of income. Thus, considering the totality of facts and circumstances of the case, we hold that interest charged u/s 234B of the Act in the peculiar facts and circumstances of the present case, deserves

LATE NIMMATOORI RAJA BABU,HYDERABAD vs. ACIT., CENTRAL CIRCLE 2(4), HYDERABAD

In the result, ITA.Nos.596 & 597/Hyd

271, a proper satisfaction must be recorded\nto initiate penalty proceedings u/s 271D instead of a mere\nstatement given by the AO in his order dated 21.12.2019.\n9. a. The Ld. CIT(A) erred in dismissing ground nos. 11,12,13 & 15\ntaken before him.\nb. Without prejudice to other grounds, the Ld. CIT(A) ought to\nhave appreciated that

BS LIMITED,HYDERABAD vs. ASST.COMISSIONER OF INCOME TAX, CIRCLE-2(3), HYDERABAD

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

Bench: Shri D. Manmohan & Shri S. Rifaur Rahmanassessment Year: 2013-14

271. By issuing such notices, the assessment order becomes final. Various courts have held that such assessment orders to be null and void ab- initio. We have carefully considered the submission and case laws relied. In all the case laws relied on by the assessee, the common mistake made by the AO in those assessments were that AO passed

NIMMATOORI SULOCHANA,HYDERABAD vs. ACIT., CENTRAL CIRCLE 2(4), HYDERABAD

In the result, appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

271, a proper satisfaction must be recorded to initiate penalty proceedings u/s 271D instead of a mere statement given by the AO in his order dated 21.12.2019. 9. a . The Ld. CIT(A) erred in dismissing ground nos. 11,12,13 & 15 taken before him. b. Without prejudice to other grounds, the Ld. CIT(A) ought to have appreciated that

NIMMATOORI YASHODA,HYDERABAD vs. DCIT., CENTRAL CIRCLE 2(4), HYDERABAD

In the result, appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

271, a proper satisfaction must be recorded to initiate penalty proceedings u/s 271D instead of a mere statement given by the AO in his order dated 21.12.2019. 9. a . The Ld. CIT(A) erred in dismissing ground nos. 11,12,13 & 15 taken before him. b. Without prejudice to other grounds, the Ld. CIT(A) ought to have appreciated that

LATE NIMMATOORI RAJABABU L/R BY ANUDEEP NIMMATOORI,HYDERABAD vs. ACIT., CENTRAL CIRCLE 2(4), HYDERABAD

In the result, appeal ITA

Bench: Shri Manjunatha G & Shri Ravish Sood

271, a proper satisfaction must be recorded to initiate penalty proceedings u/s 271D instead of a mere statement given by the AO in his order dated 21.12.2019. 9. a . The Ld. CIT(A) erred in dismissing ground nos. 11,12,13 & 15 taken before him. b. Without prejudice to other grounds, the Ld. CIT(A) ought to have appreciated that

NIMMATOORI RAMESH BABU,HYDERABAD vs. ACIT., CENTRAL CIRCLE 2(4), HYDERABAD

In the result, appeal ITA

Bench: Shri Manjunatha G & Shri Ravish Sood

271, a proper satisfaction must be recorded to initiate penalty proceedings u/s 271D instead of a mere statement given by the AO in his order dated 21.12.2019. 9. a . The Ld. CIT(A) erred in dismissing ground nos. 11,12,13 & 15 taken before him. b. Without prejudice to other grounds, the Ld. CIT(A) ought to have appreciated that

VARSHA VISWANATH PROPERTIES PRIVATE LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

Penalty proceedings under section 271(1)(c) of the I.T.Act 1961 are initiated for concealment of income. (Addition: Rs.62,20,540/-) 11. So far as the Nandanavanam Project (R.K. Site) is concerned, learned Assessing Officer noted that the assessee admitted the sale receipts in the return of income in respect of Nandanavanam Project for the assessment year

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD vs. VARSHA VISWANATH PROPERTIES PRIVATE LIMITED, HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

Penalty proceedings under section 271(1)(c) of the I.T.Act 1961 are initiated for concealment of income. (Addition: Rs.62,20,540/-) 11. So far as the Nandanavanam Project (R.K. Site) is concerned, learned Assessing Officer noted that the assessee admitted the sale receipts in the return of income in respect of Nandanavanam Project for the assessment year

VARSHA VISWANATH PROPERTIES PRIVATE LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

Penalty proceedings under section 271(1)(c) of the I.T.Act 1961 are initiated for concealment of income. (Addition: Rs.62,20,540/-) 11. So far as the Nandanavanam Project (R.K. Site) is concerned, learned Assessing Officer noted that the assessee admitted the sale receipts in the return of income in respect of Nandanavanam Project for the assessment year

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD vs. VARSHA VISWANATH PROPERTIES PRIVATE LIMITED, HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

Penalty proceedings under section 271(1)(c) of the I.T.Act 1961 are initiated for concealment of income. (Addition: Rs.62,20,540/-) 11. So far as the Nandanavanam Project (R.K. Site) is concerned, learned Assessing Officer noted that the assessee admitted the sale receipts in the return of income in respect of Nandanavanam Project for the assessment year

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD vs. VARSHA VISWANATH PROPERTIES PRIVATE LIMITED , HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

Penalty proceedings under section 271(1)(c) of the I.T.Act 1961 are initiated for concealment of income. (Addition: Rs.62,20,540/-) 11. So far as the Nandanavanam Project (R.K. Site) is concerned, learned Assessing Officer noted that the assessee admitted the sale receipts in the return of income in respect of Nandanavanam Project for the assessment year

DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(3), HYDERABAD vs. VARSHA VISWANATH PROPERTIES PRIVATE LIMITED , HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

Penalty proceedings under section 271(1)(c) of the I.T.Act 1961 are initiated for concealment of income. (Addition: Rs.62,20,540/-) 11. So far as the Nandanavanam Project (R.K. Site) is concerned, learned Assessing Officer noted that the assessee admitted the sale receipts in the return of income in respect of Nandanavanam Project for the assessment year

VARSHA VISWANATH PROPERTIES PRIVATE LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

Penalty proceedings under section 271(1)(c) of the I.T.Act 1961 are initiated for concealment of income. (Addition: Rs.62,20,540/-) 11. So far as the Nandanavanam Project (R.K. Site) is concerned, learned Assessing Officer noted that the assessee admitted the sale receipts in the return of income in respect of Nandanavanam Project for the assessment year

VARSHA VISWANATH PROPERTIES PRIVATE LIMITED,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

Penalty proceedings under section 271(1)(c) of the I.T.Act 1961 are initiated for concealment of income. (Addition: Rs.62,20,540/-) 11. So far as the Nandanavanam Project (R.K. Site) is concerned, learned Assessing Officer noted that the assessee admitted the sale receipts in the return of income in respect of Nandanavanam Project for the assessment year

VARSHA VISWANATH PROPERTIES PRIVATE LIMITED ,HYDERABAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, all the appeals filed by the assessee as well as the Revenue are treated as allowed for statistical purposes

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

Penalty proceedings under section 271(1)(c) of the I.T.Act 1961 are initiated for concealment of income. (Addition: Rs.62,20,540/-) 11. So far as the Nandanavanam Project (R.K. Site) is concerned, learned Assessing Officer noted that the assessee admitted the sale receipts in the return of income in respect of Nandanavanam Project for the assessment year