DCIT., CIRCLE-2(1), HYDRABAD vs. KALPTARU INVESTMENTS PRIVATE LIMITED, HYDERABAD

In the result, appeal ITA

set off against other losses and\nincurred cash expenses amounting to Rs 2,93,31,831/-. This has resulted in income\namounting to Rs.4,43,18,656/-(Rs 1,49,86,825/- + Rs 2,93,31,831/-) escaping assessment.\nThus, the assessee has failed to disclose truly and fully all material facts concerning its\nincome for the assessment year under

SUKESINI KUMILI,HYDERABAD vs. ITO, WARD-15(1), HYDERABAD

reassess such income or recompute the loss or the\ndepreciation allowance or any other allowance or deduction for the Assessment Year 2016-17\nand I, hereby, require you to furnish, within 30 days from the service of this notice, a return in\nthe prescribed form for the Assessment Year 2016-17.\nLAXMI PAVANA GAYATHRI MUKKERA\nCIRCLE 1.KARIMNAGAR\n11. Undisputedly

PRIMARY AGRICULTURAL CO OP CREDIT SOCIETY LIMITED MINARPALLY,MINARPALLY VILLAGE vs. INCOME TAX OFFICER, WARD-1, NIZAMABAD

reassess such income or recompute the loss or the\ndepreciation allowance or any other allowance or deduction for the Assessment Year 2016-17\nand I, hereby, require you to furnish, within 30 days from the service of this notice, a return in\nthe prescribed form for the Assessment Year 2016-17.\nLAXMI PAVANA GAYATHRI MUKKERA\nCIRCLE 1.KARIMNAGAR\n11. Undisputedly

ANKITJAIN,HYDERABAD vs. ACIT., CENTRAL CIRCLE-1(2), HYDERABAD.

In the result, the appeal of the assessee is allowed in\nterms of our above observation

reassess such income or recompute the loss or the\ndepreciation allowance or any other allowance or deduction for the Assessment Year 2016-17\nand I, hereby, require you to furnish, within 30 days from the service of this notice, a return in\nthe prescribed form for the Assessment Year 2016-17.\nPage 19 of 28\nLAXMI PAVANA GAYATHRI MUKKERA\nCIRCLE

RAMESH SISTLA,HYDERABAD vs. ITO., WARD-14(1), HYDERABAD

In the result, the appeal of the assessee is allowed

reassess such income or recompute the loss or the\ndepreciation allowance or any other allowance or deduction for the Assessment Year 2016-17\nand I, hereby, require you to furnish, within 30 days from the service of this notice, a return in\nthe prescribed form for the Assessment Year 2016-17.\n\nLAXMI PAVANA GAYATHRI MUKKERA\nCIRCLE 1, KARIMNAGAR

VASUKI KATAKAM,KURNOOL vs. ITO., WARD-1, KURNOOL

In the result, appeal of the Assessee is\nallowed

reassess such income or recompute the loss or the\ndepreciation allowance or any other allowance or deduction for the Assessment Year 2016-17\nand I, hereby, require you to furnish, within 30 days from the service of this notice, a return in\nthe prescribed form for the Assessment Year 2016-17.\nLAXMI PAVANA GAYATHRI MUKKERA\nCIRCLE 1,KARIMNAGAR\n11.\nUndisputedly

BALGURI RAJESHWAR RAO,HYDERABAD vs. ITO, WARD- 11(1), HYDERABAD, HYDERABAD

reassess such income or recompute the loss or the\ndepreciation allowance or any other allowance or deduction for the Assessment Year 2016-17\nand I, hereby, require you to furnish, within 30 days from the service of this notice, a return in\nthe prescribed form for the Assessment Year 2016-17.\nENOLEIVONT DOOG8238LAXMI PAVANA GAYATHRI MUKKERA\nCIRCLE 1,KARIMNAGAR

ARKAY ENERGY (RAMESWARM) PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE-1(1), HYDERABAD

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

reassess such income or recompute the loss or the\ndepreciation allowance or any other allowance or deduction for the Assessment Year 2016-17\nand I, hereby, require you to furnish, within 30 days from the service of this notice, a return in\nthe prescribed form for the Assessment Year 2016-17.\nLAXMI PAVANA GAYATHRI MUKKERA\nCIRCLE 1, KARIMNAGAR\n11. Undisputedly

SHARATH KUMAR REDDY SAREDDY,WANAPARTHY, MAHABUB NAGAR. vs. INCOME TAX OFFICER, WARD -1, MAHABUBNAGAR

In the result, appeal filed by the assessee is dismissed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdiaआ.अपी.सं /Ita No.1096/Hyd/2024 (िनधा"रण वष"/Assessment Year: 2022-23) Shri Sharath Kumar Reddy Vs. Income Tax Officer Sareddy, Wanaparthy Ward – 1 Mahbubnagar Mahbubnagar Pan:Hpwps0712H (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri K.A. Sai Prasad, Ca राज" व "ारा/Revenue By:: Dr. Sachin Kumar, Sr. Ar सुनवाई की तारीख/Date Of Hearing: 16/07/2025 घोषणा की तारीख/Pronouncement: 20/08/2025 आदेश/Order

loss. Thus, the learned Counsel for the assessee has submitted that the doctrine of real income should be applied. This newly introduction of provisions of the Income Tax Act ensure only real income is chargeable to tax. He has referred to the judgement of the Hon'ble Supreme Court in case of Godhra Electricity

PRYSMIAN CAVI E SISTEMI S.R.L,HYDERABAD vs. DCIT (INT,TAXN)-2, HYDERABAD

In the result, the appeal of the assessee is allowed

setting up a fibre optic network in India. For Assessment Year 2001-02, the assessee declared a loss. The Assessing Officer (AO) made substantial disallowances and determined a positive total income. Subsequent orders, including a revisionary order and reassessment

UNITED INFRA MINERALS PRIVATE LIMITED,HYDERABAD vs. DCIT., CENTRAL CIRCLE 1(1), HYDERABAD

Bench: Us:

loss of Rs. (-) 80,19,280/- i.e., as was originally returned. 4. Thereafter, the A.O. issued notices under Section 143(2)/142(1) of the Act. The A.O., after examining the material available on record and the submissions filed by the assessee company, framed the assessment, vide his order passed under Section 143(3) r.w.s

PRYSMIAN CAVI E SISTEMI SRL INDIA PROJECT OFFICE (FORMERLY PIRELLI CAVI SISTEMI S P A INDIA PROJECT OFFICE),HYDERABAD vs. DCIT,( INT TAXN)-2, HYDERABAD

In the result, the appeal of the assessee is allowed

setting off income of Rs.3,18,56,193/- against brought\nforward losses of Rs.4,74,89,404/-. The return of income of the assessee was\nselected for scrutiny and the Learned Assessing Officer (“Ld. AO”) passed an\norder under section 143(3) of the Income Tax Act, 961 (“the Act\") on\n29.03.2004, making total disallowances of Rs.3

BRIJESH CHANDWANI,HYDERABAD vs. DCIT., CIRCLE -6(1), HYDERABAD

reassess such income or re-compute the loss or the depreciation allowance or any other allowance or deduction for the Assessment Year 2016-17 and I, hereby, require you to furnish, within 30 days from the service of this notice, a return in the prescribed form for the Assessment Year 2016-17. 3. This notice is being issued after obtaining

KANISHKA GUPTA,,HYDERABAD vs. ACIT CENTRAL CIRCLE-3(1), HYDERABAD

In the result, all the appeals of assessees are dismissed

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

set off of any loss/ shall be allowed to the assessee under any provision of this Act in computing his income referred to in clause (a) [and clause (b)/ of sub-section (1)./ In the present case, the Assessing Officer has determined the addition u/s Section 68 and therefore the applicability of the Section 115BBE(1)(b) is valid

SUPREME AGRO,HYDERABAD vs. ACIT CENTRAL CIRCLE-3 (1), HYDERABAD

In the result, all the appeals of assessees are dismissed

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

set off of any loss/ shall be allowed to the assessee under any provision of this Act in computing his income referred to in clause (a) [and clause (b)/ of sub-section (1)./ In the present case, the Assessing Officer has determined the addition u/s Section 68 and therefore the applicability of the Section 115BBE(1)(b) is valid

RONAK GUPTA,HYDERABAD vs. ACIT CENTRAL CIRCLE-3(1), HYDERABAD

In the result, all the appeals of assessees are dismissed

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

set off of any loss/ shall be allowed to the assessee under any provision of this Act in computing his income referred to in clause (a) [and clause (b)/ of sub-section (1)./ In the present case, the Assessing Officer has determined the addition u/s Section 68 and therefore the applicability of the Section 115BBE(1)(b) is valid

PRABHAKAR REDDY BASIREDDY, NALGONDA vs. DCIT., CENTRAL CIRCLE-1(1), HYDERABAD

In the result, both the appeals filed by the assessee in ITA Nos

setting aside the reassessment notices issued under the unamended provisions of the Income-tax Act as those deemed to have been issued under section 148A of the Income-tax Act as per the new provisions of section 148A and the Revenue ought to have been permitted to proceed further with the reassessment proceedings as per the substituted provisions of sections

PRABHAKAR REDDY BASIREDDY, NALGONDA vs. DCIT., CENTRAL CIRCLE-1(1) , HYDERABAD

In the result, both the appeals filed by the assessee in ITA Nos

Bench: SHRI RAVISH SOOD, HON'BLE (Judicial Member), SHRI MADHUSUDAN SAWDIA HON'BLE (Accountant Member)

setting aside the reassessment notices issued under the unamended provisions of the Income-tax Act as those deemed to have been issued under section 148A of the Income-tax Act as per the new provisions of section 148A and the Revenue ought to have been permitted to proceed further with the reassessment proceedings as per the substituted provisions of sections

MADHUSUDAN REDDY PASHAM,HYDERABAD vs. ACIT, CIRCLE-9(1), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri Manjunatha G & Shri Ravish Sood

reassessment proceedings. Although the assessee claims that, he has incurred loss from sale of the above lands, but the fact remains that the revised profit and loss account filed by the assessee is not substantiated with relevant evidences. Since we have already estimated profit from sale of land in case of Dubacherla land and Masanapalli land, in our considered view