VIJAYARAGHAVAN LAKSHMI,,CHENNAI vs. ACIT, CIRCLE-1(2), HYDERABAD

In the result, the appeal filed by the assessee is dismissed

Bench: Shri Rama Kanta Panda & Shri K.Narasimha Charyassessment Year: 2016-17 Mrs. Vijayaraghavan Vs. Acit, Central Circle-1(2) Lakshmi Aaykar Bhawan Ground Floor, Block-A Opp:L.B.Stadium Prince Villa, New No.15 Basheerbagh Rajamannar Street Hyderabad Teynampet Chennai-600 018 Tamilnadu

long term capital gain by denying the exemption u/s. 54 and made 2 ITA 260/Hyd/2022 addition of Rs. 46,35,194/- on account of denial of cost of improvement. 2.1 Subsequently, a search and seizure operation u/s.132 of the I.T.Act, 1961 was carried out in case of the assessee on 20.11.2019. In response to notice u/s. 153A issued

P.ASHOK KUMAR (HUF),TIRUPATHI vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE, TIRUPATHI

In the result, appeals of the assessee in ITA No

Bench: Smt. P. Madhavi Devi & Shri D.Sunder Singh

long-term capital gains, ultimately the AO did not find any mistake in his original order thus accepted the income originally Page 10 of 11 ITA Nos 711 and 712 of 2018 P Ashok Kumar HUF Tirupati.. assessed. Since there was no escapement of income found by the AO, the reassessment

P.ASHOK KUMAR (HUF),TIRUPATI vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE, TIRUPATI

In the result, appeals of the assessee in ITA No

Bench: Smt. P. Madhavi Devi & Shri D.Sunder Singh

long-term capital gains, ultimately the AO did not find any mistake in his original order thus accepted the income originally Page 10 of 11 ITA Nos 711 and 712 of 2018 P Ashok Kumar HUF Tirupati.. assessed. Since there was no escapement of income found by the AO, the reassessment

SIVAPOTHULURU VEERAREDDY GADLURU, HYDERABAD,HYDERABAD vs. ASST.COMMISSIONER OF INCOME TAX, CIRCLE-2(2), HYDERABAD

Appeals are treated as allowed for statistical purposes in above terms

Bench: Shri S.S.Godara & Shri Laxmi Prasad Sahu

long term capital gain or the assessee on the sale of land property situated at Sy.No. 124/1, Shamshabad Village, Shamshabad Mandal, Rangareddy Dist., is computed as follows by deeming the value adopted for the purpose of stamp duty as the full value consideration received or accruing as result of the above mentioned sale. Value adopted for the Purpose of stamp

SIVA SHANKER REDDY GANDLURU, HYDERABAD,HYDERABAD vs. ASST.COMMISSIONER OF INCOME TAX, CIRCLE-2(2), HYDERABAD

Appeals are treated as allowed for statistical purposes in above terms

Bench: Shri S.S.Godara & Shri Laxmi Prasad Sahu

long term capital gain or the assessee on the sale of land property situated at Sy.No. 124/1, Shamshabad Village, Shamshabad Mandal, Rangareddy Dist., is computed as follows by deeming the value adopted for the purpose of stamp duty as the full value consideration received or accruing as result of the above mentioned sale. Value adopted for the Purpose of stamp

ASHWITHA REDDY BADDAM,NIZAMABAD vs. INCOME TAX OFFICER, WARD-2, NIZAMABAD

In the result, the appeals filed by the assessee are allowed\nfor the A

long term capital gains declared by the assessee in\nrespect of land in pursuant to the Joint Development Agreement\nwith the builder. Further, the appellant has computed cost of\nacquisition at 2150 per sq.yd and the same was subjected to\nscrutiny assessment, where the A.O. has accepted the cost\nclaimed by the assessee. Further, although the proceedings were\nsubjected

ACIT, CIRCLE-7(1), HYDERABAD, HYDERABAD vs. K GOPAL RAJ, HYD, HYDERABAD

In the result, appeal of the assessee in ITA No

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

long term capital gains at Rs. 54,94,81,659 not having been clearly spelt ought to have annulled the computed figure of Rs..54,94,81,659. 2. The learned (CIT(A) ought to have clearly held that the entire re-assessment proceedings u/s.147 rws 148 are illegal without jurisdiction and bad in law as the learned DClT

K GOPAL RAJ, HYD,HYDERABAD vs. DCIT, CEN.CIRCLE-1(3), HYD, HYDERABAD

In the result, appeal of the assessee in ITA No

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

long term capital gains at Rs. 54,94,81,659 not having been clearly spelt ought to have annulled the computed figure of Rs..54,94,81,659. 2. The learned (CIT(A) ought to have clearly held that the entire re-assessment proceedings u/s.147 rws 148 are illegal without jurisdiction and bad in law as the learned DClT

ITO, WARD-7(3), HYD, HYDERABAD vs. KOSETTY NAGARAJU, HYD, HYDERABAD

In the result, appeal of the assessee in ITA No

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

long term capital gains at Rs. 54,94,81,659 not having been clearly spelt ought to have annulled the computed figure of Rs..54,94,81,659. 2. The learned (CIT(A) ought to have clearly held that the entire re-assessment proceedings u/s.147 rws 148 are illegal without jurisdiction and bad in law as the learned DClT

ITO, WARD-7(3), HYD, HYDERABAD vs. KOSETTY KISHORE, HYD, HYDERABAD

In the result, appeal of the assessee in ITA No

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

long term capital gains at Rs. 54,94,81,659 not having been clearly spelt ought to have annulled the computed figure of Rs..54,94,81,659. 2. The learned (CIT(A) ought to have clearly held that the entire re-assessment proceedings u/s.147 rws 148 are illegal without jurisdiction and bad in law as the learned DClT

GAJANAN FINANCIAL SERVICES PRIVATE LIMITED, HYDERABAD,HYDERABAD vs. ACIT, CIRCLE-2(3), HYDERABAD, HYDERABAD

Bench: Shri S.S. Godara & Shri L. P. Sahu(Through Virtual Hearing)

reassessment framed on 16.12.2011 disallowing/adding the short term capital gains of Rs.16,70,179 as not eligible to be set off against long

L.RAJALAKSHMI,HYDERABAD vs. ACIT, CHENNAI

In the result, the appeal in ITA No

Bench: Ms. Sushma Chowla, Vp & Mr. Anil Chaturvedi, Am [Through Video Conferencing] आयकर अपील सं. / Ita Nos. 1678, 1679 & 1680/Chny/2014 िनधा"रण वष" / Assessment Years: 2007-08, 2008-09 & 2009-10 Smt. L.Rajalakshmi, Hyderabad अपीलाथ"/Appellant Pan: Afgpr3011K …..

long term capital gain of Rs. 40,86,42,040/- on the sale of urban land at Arcot Road, Saligramam, consequent to joint development agreement with M/s SAS Realtors Private Limited, dated 12.01.2004. The case of the assessee was reopened under section 147/148 of the Act. In the reassessment

DCIT, CHENNAI vs. L.RAJALAKSHMI, CHENNAI

In the result, the appeal in ITA No

Bench: Ms. Sushma Chowla, Vp & Mr. Anil Chaturvedi, Am [Through Video Conferencing] आयकर अपील सं. / Ita Nos. 1678, 1679 & 1680/Chny/2014 िनधा"रण वष" / Assessment Years: 2007-08, 2008-09 & 2009-10 Smt. L.Rajalakshmi, Hyderabad अपीलाथ"/Appellant Pan: Afgpr3011K …..

long term capital gain of Rs. 40,86,42,040/- on the sale of urban land at Arcot Road, Saligramam, consequent to joint development agreement with M/s SAS Realtors Private Limited, dated 12.01.2004. The case of the assessee was reopened under section 147/148 of the Act. In the reassessment

L.RAJALAKSHMI,HYDERABAD vs. ACIT, CHENNAI

In the result, the appeal in ITA No

Bench: Ms. Sushma Chowla, Vp & Mr. Anil Chaturvedi, Am [Through Video Conferencing] आयकर अपील सं. / Ita Nos. 1678, 1679 & 1680/Chny/2014 िनधा"रण वष" / Assessment Years: 2007-08, 2008-09 & 2009-10 Smt. L.Rajalakshmi, Hyderabad अपीलाथ"/Appellant Pan: Afgpr3011K …..

long term capital gain of Rs. 40,86,42,040/- on the sale of urban land at Arcot Road, Saligramam, consequent to joint development agreement with M/s SAS Realtors Private Limited, dated 12.01.2004. The case of the assessee was reopened under section 147/148 of the Act. In the reassessment

L.RAJALAKSHMI,HYDERABAD vs. ACIT, CHENNAI

In the result, the appeal in ITA No

Bench: Ms. Sushma Chowla, Vp & Mr. Anil Chaturvedi, Am [Through Video Conferencing] आयकर अपील सं. / Ita Nos. 1678, 1679 & 1680/Chny/2014 िनधा"रण वष" / Assessment Years: 2007-08, 2008-09 & 2009-10 Smt. L.Rajalakshmi, Hyderabad अपीलाथ"/Appellant Pan: Afgpr3011K …..

long term capital gain of Rs. 40,86,42,040/- on the sale of urban land at Arcot Road, Saligramam, consequent to joint development agreement with M/s SAS Realtors Private Limited, dated 12.01.2004. The case of the assessee was reopened under section 147/148 of the Act. In the reassessment

DCIT, CIRCLE-3(1), HYD, HYDERABAD vs. RASA AGROTECH PVT.LTD., SEC'BAD, SECUNDERABAD

In the result, both the Revenue’s appeal as well as

Bench: Smt P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Year: 2008-09 The Dy. Cit, Circle-3(1), Vs. M/S. Rasa Agrotech Pvt Hyderabad. Ltd, Secunderabad.

reassessment proceedings and also treating the long term capital gains offered by the assessee as short term capital gain. The assessee

VASAMSETTY VEERA VENKATA SATYANARAYANA,HYDERABAD vs. INCOME TAX OFFICER,WARD-4(1), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri Rama Kanta Panda & Shri Laliet Kumar

long term capital gain as well as indexation cost. It was further submitted that the document relates to the assessee and therefore, the lower authorities had relied upon this document for the purpose of deciding the issue against the assessee. 11. We have heard the rival submissions and perused the material on record, including the registered sale deed and section

RAVI KUMAR ,HYDERABAD vs. INCOME TAX OFFICER, WARD 4(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purpose

Bench: Shri Laliet Kumar & Shri Manjunatha G.आ.अपी.सं /Ita No.167/Hyd/2024 (निर्धारण वर्ा/Assessment Year: 2011-12) Ravi Kumar Vs. Income Tax Officer Hyderabad Ward-4(4) [Pan : Adopk6597R] Hyderabad (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri A.Srinivas, Ar रधजस् व द्वधरध/Revenue By: Dr.Sachin Kumar, Dr सुिवधई की तधरीख/Date Of Hearing: 20/01/2025 घोर्णध की तधरीख/Date Of 04/02/2025 Pronouncement: आदेश / Order Per. Manjunatha G., A.M: This Appeal Filed By The Assessee Is Directed Against The Order Dated 17.01.2024 Of The Learned Commissioner Of Income Tax (Appeals) [Ld.Cit(A)], National Faceless Appeal Centre (Nfac), Delhi, Pertaining To A.Y.2011-12. 2. The Brief Facts Of The Case Are That, The Assessee, An Individual Entered Into A Development Agreement Cum General Power Of Attorney Vide Document Number 560/2011 Dated 24.03.2011 With M/S Gayathri Construction Company For Joint Development Of A Property. The Assessee Had Not Disclosed The Transaction In His Return Of Income. Therefore, The Assessment

reassessment notice. Further, the assessee has filed return of income in response to notice u/s 148 on 15.11.2018 and declared total income at Rs.11,42,204/-, which consist of long-term capital gains