DY. COMMISSIONER OF INCOME TAX , CIRCLE-3(1), HYDERABAD vs. SEW INFRASTRUCTURE LIMITED , HYDERABAD

In the result appeals filed by the Revenue\nITA

80G and\n80GGB], the deduction u/sec.80IA is allowable to the extent\nof Rs.43,04,93,491/- only and the balance amount of\nRs.5,58,33,404/- is disallowed u/sec.80IA of the Act and\nmade the addition accordingly and assessed the total\nincome of the assessee at Rs.5,58,33,404/- vide order dated\n31.03.2016 passed u/sec.143(3) r.w.s.153A

DY.COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD vs. SEW INFRASTRUCTURE LIMITED , HYDERABAD

80G and\n80GGB], the deduction u/sec.80IA is allowable to the extent\nof Rs.43,04,93,491/- only and the balance amount of\nRs.5,58,33,404/- is disallowed u/sec.80IA of the Act and\nmade the addition accordingly and assessed the total\nincome of the assessee at Rs.5,58,33,404/- vide order dated\n31.03.2016 passed u/sec.143(3) r.w.s.153A

DY.COMMISSIONER OF INCOME TAX, CIRCLE 2(2), HYDERBAD vs. SEW INFRASTUCTURE LIMITED, HYDERABAD

80G and\n80GGB], the deduction u/sec.80IA is allowable to the extent\nof Rs.43,04,93,491/- only and the balance amount of\nRs.5,58,33,404/- is disallowed u/sec.80IA of the Act and\nmade the addition accordingly and assessed the total\nincome of the assessee at Rs.5,58,33,404/- vide order dated\n31.03.2016 passed u/sec.143(3) r.w.s.153A

ADP PRIVATE LIMITED,HYDERABAD, TELANGANA vs. DCIT., CIRCLE 1(1), HYDERABAD, TELANGANA

In the result, the appeal filed by the assessee is allowed in terms of our observations given hereinabove

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON’BLE (Accountant Member)

80G towards CSR expenditure, disallowance under Section 40(a)(ia), and addition towards Form 26AS mismatch. 6. Aggrieved by the final assessment order, the assessee is now in appeal before us. 7. The learned counsel for the assessee, Shri Sriram Seshadri, C.A., referring to the final assessment order passed by the A.O. under Section 143(3) r.w.s. 144C(13) r.w.s

RAIN CEMENTS LIMITED, HYD,HYDERABAD vs. DCIT, CIRCLE-3(1), HYDERABAD, HYDERABAD

In the result, appeal filed by the assessee is allowed

Bench: Shri R.K. Panda & Shri K. Narasimha Charyassessment Year: 2008-09 M/S. Rain Cements Ltd Vs. Dy. Commissioner Of (Formerly Known As Rain Income Tax, Circle 3 (1) Cii Carbon (India) Ltd Hyderabad Hyderabad Pan:Aabcr8858F (Appellant) (Respondent) Assessee By: Advocate Prathishta Singh & Advocate Deepak Chopra Revenue By: Dr.Rajendra Kumar, Cit-Dr Date Of Hearing: 20/03/2023 Date Of Pronouncement: 31/05/2023 Order Per R.K. Panda, A.M This Appeal Filed By The Assessee Is Directed Against The Final Assessment Order Dated 24.03.2017 Passed U/S 143(3) R.W.S. 144C(5) R.W.S. 260 Of The I.T. Act For The A.Y 2008-09. 2. This Appeal Was Earlier Decided By The Tribunal Vide Order Dated 18.10.2019. Subsequently Vide Ma No.15/Hyd/2020, Dated 23.3.2021, The Tribunal Recalled The Entire Order For Fresh Adjudication. Therefore, This Is A Recalled Matter.

reassessment proceedings, there is no additional tax liability and that Appellant is liable to pay tax under the provisions of Minimum Alternative Tax (no adjustment made to the book profits) and thus the question of income having escaped assessment does not arise. Corporate Tax Matters: 17. The d A0/DRP erred in assuming the finance charges for loans taken