VENKATESHWARA RAO POONURU,HYDERABAD vs. ADIT, INTERNATIONAL TAXATION-(2), HYDERABAD

In the result, appeal filed by the assessee is allowed

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

Reassessment order invalid due want of notice u.sl143(2). ., Income tax, 1961, ss.143, 147,148, prov.... ITO Vs. R K Gupta (308) ITR 49 (Del) tribu. --- The above Judgements of Hon'ble Supreme court relates to law (Legal issue) and the findings cannot be stated as distinguishable facts and law, the decision by the Hon'ble Supreme court is binding

DY. COMMISSIONER OF INCOME TAX , CIRCLE-1(2), HYDERABAD vs. COASTAL PROJECTS PRIVATE LIMITED , HYDERABAD

In the result, the C.O. filed by the assessee is allowed in above terms

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahu

reassess the income in respect of any issue, which has escaped assessment, and such issue :- 16 -: ITA No.. 497/Hyd/2019 and CO 16/H/2019 Coastal Projects Pvt. Ltd., Hyd. comes to his notice subsequently in the course of the proceedings under this section, notwithstanding that the reasons for such issue have not been included in the reasons recorded under sub-section

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

u/s 153A_and further, in case, any\nincriminating material is found as a result of search, even\nin case of unabated/completed assessment, the Assessing\nOfficer would assume jurisdiction to assess or reassess the\ntotal income, taking into consideration the incriminating\nmaterial found during the course of search and other\nmaterial available with the Assessing Officer, including\nthe income declared

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

u/s 153A_and further, in case, any\nincriminating material is found as a result of search, even\nin case of unabated/completed assessment, the Assessing\nOfficer would assume jurisdiction to assess or reassess the\ntotal income, taking into consideration the incriminating\n\nmaterial found during the course of search and other\nmaterial available with the Assessing Officer, including\nthe income declared

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

u/s 153A_and further, in case, any\nincriminating material is found as a result of search, even\nin case of unabated/completed assessment, the Assessing\nOfficer would assume jurisdiction to assess or reassess the\ntotal income, taking into consideration the incriminating\n38\nITA. Nos.1721, 1722 & 1723/Hyd./2017\nAnd ITA.No.1416/Hyd./2019\nmaterial found during the course of search and other\nmaterial

INDRANI PRASAD ,NEW DELHI vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, HYDERABAD

In the result, the appeal is treated as allowed”

Bench: Shri A.M. Alankamony & Shri S.S. Godara

u/s 143(3) of the Income Tax Act, 1961, in short, the Act. Heard both the parties. Case files perused. 2. We first of all advert to the Revenue’s cross appeal ITA No.467/Hyd/2020 challenging correctness of CIT (A)’s action quashing the impugned assessment for want of a valid section 143(2) notice vide following lower appellate discussion

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(2), HYDERABAD vs. INDRANI PRASAD , NEW DELHI

In the result, the appeal is treated as allowed”

Bench: Shri A.M. Alankamony & Shri S.S. Godara

u/s 143(3) of the Income Tax Act, 1961, in short, the Act. Heard both the parties. Case files perused. 2. We first of all advert to the Revenue’s cross appeal ITA No.467/Hyd/2020 challenging correctness of CIT (A)’s action quashing the impugned assessment for want of a valid section 143(2) notice vide following lower appellate discussion

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

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

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdia

u/s 80IA of the I.T. Act, 1961 in the absence of any incriminating material is not sustainable in law. The Hon'ble Supreme Court in case of PCIT vs. Abhisar Buildwell (P) Ltd (Supra) has held in Para 10 to 14 as under: “10. On a plain reading of Section 153A of the Act, 1961, it is evident that once

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), HYDERABAD vs. MADHUCON PROJECTS LIMITED, HYDERABAD

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

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdia

u/s 80IA of the I.T. Act, 1961 in the absence of any incriminating material is not sustainable in law. The Hon'ble Supreme Court in case of PCIT vs. Abhisar Buildwell (P) Ltd (Supra) has held in Para 10 to 14 as under: “10. On a plain reading of Section 153A of the Act, 1961, it is evident that once

ACIT CENTRAL CIRCLE-2(1), HYDERABAD vs. MADHUCON PROJECTS LIMITED, HYDERABAD

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

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdia

u/s 80IA of the I.T. Act, 1961 in the absence of any incriminating material is not sustainable in law. The Hon'ble Supreme Court in case of PCIT vs. Abhisar Buildwell (P) Ltd (Supra) has held in Para 10 to 14 as under: “10. On a plain reading of Section 153A of the Act, 1961, it is evident that once

MADHUCON PROJECTS LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(1), HYDERABAD

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

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdia

u/s 80IA of the I.T. Act, 1961 in the absence of any incriminating material is not sustainable in law. The Hon'ble Supreme Court in case of PCIT vs. Abhisar Buildwell (P) Ltd (Supra) has held in Para 10 to 14 as under: “10. On a plain reading of Section 153A of the Act, 1961, it is evident that once

MADHUCON PROJECTS LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(1), HYDERABAD

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

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdia

u/s 80IA of the I.T. Act, 1961 in the absence of any incriminating material is not sustainable in law. The Hon'ble Supreme Court in case of PCIT vs. Abhisar Buildwell (P) Ltd (Supra) has held in Para 10 to 14 as under: “10. On a plain reading of Section 153A of the Act, 1961, it is evident that once

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(1), HYDERABAD vs. MADHUCON PROJECTS LIMITED, HYDERABAD

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

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Madhusudan Sawdia

u/s 80IA of the I.T. Act, 1961 in the absence of any incriminating material is not sustainable in law. The Hon'ble Supreme Court in case of PCIT vs. Abhisar Buildwell (P) Ltd (Supra) has held in Para 10 to 14 as under: “10. On a plain reading of Section 153A of the Act, 1961, it is evident that once

MSN PHARMACHEM PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

Appeal are dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Ble

147, section 148, section 149, section 151 and section 153, in the case of a person where a search is initiated under section 132 or books of account, other documents or any assets are requisitioned under section 132A after the 31st day of May, 2003 (but on or before the 31st day of March, 2021), the Assessing Officer shall

MSN PHARMACHEM PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

Appeal are dismissed

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Ble

147, section 148, section 149, section 151 and section 153, in the case of a person where a search is initiated under section 132 or books of account, other documents or any assets are requisitioned under section 132A after the 31st day of May, 2003 (but on or before the 31st day of March, 2021), the Assessing Officer shall

MSN ORGANICS PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

In the result, the appeals filed by the assessee for A

Bench: Shri Laliet Kumar, Hon’Ble & Shri G. Manjunatha, Hon’Ble

147, section 148, section 149, section 151 and section 153, in the case of a person where a search is initiated under section 132 or books of account, other documents or any assets are requisitioned under section 132A after the 31st day of May, 2003 (but on or before the 31st day of March, 2021), the Assessing Officer shall

MSN LABORATORIES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

147,\nsection 148, section 149, section 151 and section 153, in the case of a\nperson where a search is initiated under section 132 or books of account,\nother documents or any assets are requisitioned under section 132A after\nthe 31st day of May, 2003 (but on or before the 31st day of March, 2021),\nthe Assessing Officer shall

MSN LABORATORIES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

reassess the total\nincome of six years immediately preceding the assessment year relevant to\nthe previous year in which search is conducted. Applying this yardstick, the\nsix years would go up to 2013-14. The search assessment year, namely,\n2019-20 has to be excluded. This is because, the statute talks of the six\nyears preceding the search assessment year

MSN LABORATORIES PRIVATE LIMITED,HYDERABAD vs. ACIT., CENTRAL CIRCLE-2(4), HYDERABAD

147,\nsection 148, section 149, section 151 and section 153, in the case of a\nperson where a search is initiated under section 132 or books of account,\nother documents or any assets are requisitioned under section 132A after\nthe 31st day of May, 2003 (but on or before the 31st day of March, 2021),\nthe Assessing Officer shall