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

properties industries (P) Ltd -382 ITR 547 (Del) (iv) AV TEe Ltd -395 ITR 434 (Del) 7.5 The earned PClT, Central has mechanically and without application of mind has approved the proposal of AO to reopen the assessment. The reasons recorded, as furnished to the Appellant, are incomplete and defective because in Annexure 1 to his proposal

SRUTHI RIEDL,HYDERABAD vs. ITO, INTERNATIONAL TAXATION-2, HYDERABAD

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarassessment Year: 2016-17 Sruthi Riedl, Income Tax Officer, Hyderabad Vs. (International [Pan No. Aggpp6953R] Taxation)-2, Hyderabad (Appellant) (Respondent) निर्धारिती द्वारा /Assessee By: Shri H. Srinivasulu, Ar /Revenue By: Ms. T. Vijaya Lakshmi, Cit-Dr राजस्‍वजस्‍व द्वारा सुनवाई ई की तारीखीख/Date Of Hearing: 28/08/2023 घोषणा की तारीखीख/Pronouncement On: 08/11/2023

U/s 147 as there was no capital gains chargeable to Tax in AY 2016-17 arising from the JDA dated 04.04.2007 and the JDA dated 10.02.2016 did not alter the factum of handing over of possession to the developer. 10.The Ld A.O/DRP erred in giving a finding that possession of land was given in consequences of second JDA dated

HIMASAGAR KRISHNA MUTHAPPAGARI,TIRUPATI vs. ITO., WARD-2(3), TIRUPATI

Bench: Us.

reassessment passed by the AO u/s 147 r.w.s. 144B of the Act, dated 22.03.2022 may not be set-aside under Section 263 of the Act. 8. Although the assessee objected to the exercise of the revisional jurisdiction by the Pr. CIT for two-fold reasons, viz. (i) that the capital gain disclosed by the assessee was examined twice

ADALA BHANU REKHA,HYDERABAD vs. DCIT., CIRCLE-6(1), HYDERABAD

In the result, appeal filed by the assessee is allowed

Bench: Shri Manjunatha G. & Shri K. Narasimha Charyआ.अपी.सं /Ita No.583/Hyd/2024 (निर्धारण वर्ा/Assessment Year: 2017-18) Adala Bhanu Rekha Vs. Dcit Hyderabad Circle-6(1) [Pan : Accpa8679F] Hyderabad (Appellant) (Respondent) निर्धाररती द्वधरध/Assessee By: Shri Bg Reddy, Ar रधजस् व द्वधरध/Revenue By:: Shri Srinath Sadanala, Dr सुिवधई की तधरीख/Date Of Hearing: 25/11/2024 घोर्णध की तधरीख/Date Of 05/12/2024 Pronouncement: आदेश / Order Per. Manjunatha G., A.M: This Appeal Filed By The Assessee Is Directed Against The Order Dated 31/03/2024 Of The Learned Commissioner Of Income Tax (Appeals) [Learned Cit(A)], National Faceless Appeal Centre (Nfac), Delhi, Relating To A.Y.2017-18 On The Following Grounds :

house, remaining properties are commercial properties and are let out for commercial purposes. All details were furnished to the CIT(A), however, the Ld.CIT(A) rejected the explanation furnished by the assessee and sustained the additions made by the Assessing Officer. The learned Counsel for the assessee further took our attention to paper book filed by the assessee and referred

RAMA MOHAN SOMA,ANANTAPUR vs. INCOME TAX OFFICER, WARD -1, HINDUPUR

In the result, the appeal of the assessee is allowed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia, Accounant Member Assessment Year: 2012-13 Rama Mohan Soma, Vs. The Income Tax Officer, H.No.12-274-3, Bypass Ward – 1, Road, Kadiri, Anantapur, Hindupur. Andhra Pradesh – 515591. Pan : Aocps8172D (Appellant) (Respondent) Assessee By: Shri G. Srinivasa Rao, C.A. Revenue By: Shri Shakeer Ahamed, Sr.Ar. Date Of Hearing: 02.05.2024 Date Of Pronouncement: 09.05.2024 O R D E R Per Laliet Kumar, J.M. The Appeal Of The Assessee For A.Y. 2012-13 Arises From Order Of Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac), Delhi Dt.27.12.2023 Invoking Proceedings Under Section 143(3) R.W.S. 147 Of The Income Tax Act, 1961 (In Short, “The Act”). 2. The Grounds Raised By The Assessee Read As Under :

house property and interest income. For the AY 2012-13 the assessee had filed return of income declaring total income of Rs. 2,04,480/-. The said return was processed by CPC. Later on, the case was reopened u/s. 147 based on the information received from ADIT(Inv) Tirupati that the assessee had lent money to one Sri A. Lakshmana

KARTHIK KUMAR KYATHAM,NIZAMABAD vs. ITO, WARD-1, ADILABAD

Bench: Shri Vijay Pal Rao & Shri Manjunatha G.आ.अपी.सं / Ita No.1658/Hyd/2025

property in the FY 2019-20 for this I have taken Home loan from the bank worth of Rs.2500000 and I have claiming home loan interest and principal amount as deduction in my IT returns. I am working as a employee in private organisation since financial year 2017-18 and i have some savings so that i have planned

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

147 of the Income Tax Act, 1961 (“the Act”) for the reasons to believe that the income chargeable to tax has escaped assessment and accordingly, notice u/s 148 of the Act dated 28.03.2018 was issued and served on the assessee on 30.03.2018. In response to the notice u/s 148 of the Act, the assessee filed his return of income

MADHUSUDHAN JAJU,HYDERABAD vs. INCOME TAX OFFICER, WARD-1, SANGAREDDY

In the result, the C.O. of the Revenue is allowed for statistical\npurposes

reassessment u/s 143(3)\nr.w.s.147 of the Act dated 22-12-2019.\n3. The Ld. CIT(A) ought to have appreciated the fact that the\nreassessment u/s 143(3) r.w.s 147 is erroneous as no tangible\nmaterial was found which indicates that the assessee has escaped the\nincome.\n4. The Ld. CIT(A) ought to have appreciated the fact that

SURENDER KUMAR BHOJWANI,HYDERABAD vs. ITO, INTL. TAXTION -1, HYDERABAD

In the result, the appeal filed by the assessee is allowed for statistical purposes in terms of our aforesaid observations

house” as provided in section 54F of the Act, therefore, no income was liable to be brought to tax in his hands under the head “Capital gains”. Apart from that, the Ld. AR submitted that though the claim of deduction u/s 54F of the Act was not raised by the assessee in his original return of income or the revised

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

property. Except arguing the case for expenditure, the Authorized Representative of the appellant has not furnished any material to support his claim. There is no dispute regarding the eligibility of claim u/s.54F. The only contention is the quantum of allowance. The Assessing Officer has allowed the value of Rs.7,42,022/- being one unit of house out of 20 units

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

property. Except arguing the case for expenditure, the Authorized Representative of the appellant has not furnished any material to support his claim. There is no dispute regarding the eligibility of claim u/s.54F. The only contention is the quantum of allowance. The Assessing Officer has allowed the value of Rs.7,42,022/- being one unit of house out of 20 units

INDUKURI SYAM PRASAD REDDY, HYDERABAD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-2(1), HYDERABAD, HYDERABAD

In the result, appeals of both assessee’s are allowed as indicated above

Bench: Shri C.N. Prasad, Hon'Ble & Shri M. Balaganesh, Hon'Blesmt Indukuri Sundari V. Dcit – Central Circle - 2(1) Plot No. 973/A, Road No. 49 Aayakar Bhavan Hyderabad Jubilee Hills Hyderabad – 500 033 Pan: Aakpi8049P (Appellant) (Respondent) Shri Indukuri Syam Prasad Reddy V. Dcit – Central Circle - 2(1) Plot No. 973/A, Road No. 49 Aayakar Bhavan Hyderabad Jubilee Hills Hyderabad – 500 033 Pan: Aadpi1621C (Appellant) (Respondent) : Shri Mohammad Afzal Assessee By Department By : Shri M.V.S.T. Sai

147, 148, 149, 151 and section 153 and not referred to section 263. Therefore, it is submitted that the directions issued in section 263 will not abate, therefore, the order consequent to order u/s.263 should have been passed on or before 31.03.2014 only. Therefore, having passed the same on 27.02.2015 is barred by limitation. It is further submitted that

INDUKURI SUNDARI, HYDERABAD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-2(1), HYDERABAD, HYDERABAD

In the result, appeals of both assessee’s are allowed as indicated above

Bench: Shri C.N. Prasad, Hon'Ble & Shri M. Balaganesh, Hon'Blesmt Indukuri Sundari V. Dcit – Central Circle - 2(1) Plot No. 973/A, Road No. 49 Aayakar Bhavan Hyderabad Jubilee Hills Hyderabad – 500 033 Pan: Aakpi8049P (Appellant) (Respondent) Shri Indukuri Syam Prasad Reddy V. Dcit – Central Circle - 2(1) Plot No. 973/A, Road No. 49 Aayakar Bhavan Hyderabad Jubilee Hills Hyderabad – 500 033 Pan: Aadpi1621C (Appellant) (Respondent) : Shri Mohammad Afzal Assessee By Department By : Shri M.V.S.T. Sai

147, 148, 149, 151 and section 153 and not referred to section 263. Therefore, it is submitted that the directions issued in section 263 will not abate, therefore, the order consequent to order u/s.263 should have been passed on or before 31.03.2014 only. Therefore, having passed the same on 27.02.2015 is barred by limitation. It is further submitted that

PAYAL JINDAL ,HYDERABAD vs. INCOME TAX OFFICER, WARD-7(2), HYDERABAD

In the result, the appeals of both the assessees are allowed

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

house property, bearing Municipal No.5-1-153/3, admeasuring 93.33 Sq. Yds., for a consideration of Rs.15 Lakhs, vide document :- 2 -: ITA. Nos. 56 & 57/Hyd/2019 No.1560/2009, dt.04-07-2009. Thus, the total sale consideration as per two sale deeds was Rs.30 Lakhs, whereas the SRD value of the property was Rs.52,92,480/-. Since the assessees did not offer the capital gains

RAJKUMAR JINDAL,HYDERABAD vs. INCOME TAX OFFICER, WARD-7(2), HYDERABAD

In the result, the appeals of both the assessees are allowed

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

house property, bearing Municipal No.5-1-153/3, admeasuring 93.33 Sq. Yds., for a consideration of Rs.15 Lakhs, vide document :- 2 -: ITA. Nos. 56 & 57/Hyd/2019 No.1560/2009, dt.04-07-2009. Thus, the total sale consideration as per two sale deeds was Rs.30 Lakhs, whereas the SRD value of the property was Rs.52,92,480/-. Since the assessees did not offer the capital gains

SANJAY GUPTA ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-3(1), HYDERABAD

In the result, appeal of the assessee is partly allowed for statistical purposes as indicated herein above

Bench: Shri A. Mohan Alankamony & Sri S.S. Godaraa.Y. 2012-13 Sanjay Gupta, Vs. Dcit, Hyderabad. Circle-3(1), Pan: Acgpg 3696 N Hyderabad. (Appellant) (Respondent) Assessee By Sri A.V. Raghuram Revenue By Sri Y.V.S.T. Sai, Cit-Dr Date Of Hearing: 30/09/2021 Date Of Pronouncement: 14/12/2021 Order

house property, STCG and interest income, filed his return of income for the A.Y. 2012-13 on 22/11/2012 admitting total income of Rs. 71,83,680/-. The case was selected for scrutiny and the assessment was completed U/s. 143(3) on 07/01/2015 wherein the income was assessed at Rs. 71,83,680/-. Subsequently, the assessment was reopened, and notice U/s

D. HARI PRASAD, HYD,HYDERABAD vs. ITO, WARD-11(2), HYDERABAD, HYDERABAD

In the result, assessee’s appeal is treated as allowed for statistical purposes

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmanassessment Year: 2008-09 Mr. D. Hari Prasad, Vs. Income Tax Officer, 4-1-103/9, Flat No.503, Ward-11(2), Sai Prasanna Towers, Hyderabad. Bhavani Nagar, Nacharam, Hyderabad. Pan: Aefpd 6589 L (Appellant) (Respondent) Assessee By: Sri Y. Ratnakar Revenue By: Sri Nilanjan Dey, Dr Date Of Hearing: 14.11.2018 Date Of Pronouncement: 02.01.2019 Order Per Smt. P. Madhavi Devi, J.M.:

147 by issuing a notice u/s 148 of the Act. During the reassessment proceedings, the A.O. noticed that the assessee, along with another individual i.e., Sri R.V.K. Varma, had sold a house property

EXEL RUBBER PRIVATE LIMITED,HYDERABAD vs. DCIT., CENTRAL CIRCLE-1(2), HYDERABAD

Bench: Shri Vijay Pal Rao, Vice- & Shri Manjunatha, G.

147 of the Act in pursuant to the search & seizure action u/s 132 of the Act carried in case of the assessee and group concerns on 04/01/2023 as under: “The reasons recorded for reopening of the assessment recorded are as under: 1. A search and seizure operation u/s 132 of the IT Act was carried out by the ADIT