KRISHNA MURTHY ELLA,HYDERABAD vs. DCIT-CIRCLE-1(2), HYDERABAD

In the result, appeal filed by the assessee is allowed

Bench: Shri Manjunatha, G. & Shri K. Narasimha Charyआ.अपी.सं /Ita No.585/Hyd/2023 & Sa No.10/Hyd/2024 (Arising Out Of Ita No.585/Hyd/2023) (िनधा"रण वष"/Assessment Year: 2014-15) Shri Krishna Murthy Ella Vs. Dy. C. I. T. Hyderabad Circle 1(2) Pan:Aacpe6389G Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri P Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Smt. Sheetal Sarin, Dr सुनवाई की तारीख/Date Of Hearing: 18/07/2024 घोषणा की तारीख/Pronouncement: 14/08/2024 आदेश/Order

u/s 56(2)(vii)(c) of the Act, the law is very clear, where an assessee receives any property other than the immovable property for a consideration which is less than the aggregate fair market value of the property by an amount exceeding Rs.50,000, the aggregate fair market value of such property as exceeded such consideration should be treated

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

Bench: Shri Manjunatha G & Shri K. Narasimha Chary

vii. The developer is expected to undertake risks. 2.1. The Assessing Officer, after examining the project-wise details furnished by the assessee noted that 32 projects have been fulfilled the criteria for claiming deduction u/sec.80IA and the projects mentioned at Sl.Nos.16 to 32 [at pages37 and 38 of the assessment order] are in fact awarded to JV/Consortium Agreements

SYED AHMED ZEESHANUDDIN,HYDERABAD vs. ADIT (INTERNATIONAL TAXATION)-2 , HYDERABAD

In the result, appeal filed by the assessee in I

Bench: Shri Manjunatha G. & Shri K.Narasimha Charyआ.अपी.सं / Ita No.156/Hyd/2024 (निर्धारण वर्ा / Assessment Year: 2017-18)

56(2)(vii) of the Act. The DRP, vide directions issued u/s 144C(5) of the Act on 26/12/2023, rejected the objections filed by the assessee and upheld the additions proposed by the Ld.AO. Thereafter, the Ld.AO passed final assessment order u/s 153C r.w.s.144C(13) of the Act, on 19/01/2024 and determined the total income at Rs.4

ASRA AHMED ,HYDERABAD vs. ADIT (INTERNATIONAL TAXATION)-2, HYDERABAD

In the result, appeal filed by the assessee in I

Bench: Shri Manjunatha G. & Shri K.Narasimha Charyआ.अपी.सं / Ita No.156/Hyd/2024 (निर्धारण वर्ा / Assessment Year: 2017-18)

56(2)(vii) of the Act. The DRP, vide directions issued u/s 144C(5) of the Act on 26/12/2023, rejected the objections filed by the assessee and upheld the additions proposed by the Ld.AO. Thereafter, the Ld.AO passed final assessment order u/s 153C r.w.s.144C(13) of the Act, on 19/01/2024 and determined the total income at Rs.4

SASHI INFRA VENTURES PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

HARITHA PRABHA AGRO PROJECTS PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

AVIJIT REALTERS PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

GREEN MANGOS REAL ESTATES INDIA PRIVATE LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

ALDER INFRA VENTURES PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

BUDHAPALITA TIMBER ESTATES PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

ATLANTA ROCK GARDENS PRIVATE LIMITED ,CHENNAI vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

GREENWOOD INFRACON INDIA PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

BANDHO REAL ESTATES PRIVATE LIMITED ,CHENNAI vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

RL AVENUE PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

AMRUTHA AGRO ESTATES PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(4), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

BHUVANESH INFRA VENTURES PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

KARISMA TOWN SHIP PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

AGRI GOLD MULTIMEDIA,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised

ASPEN INFRA VENTURES INDIA PRIVATE LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

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

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

vii) (a). 5. On the facts and circumstances of the case the learned the CIT(Appeals) is unjustified in confirming the addition made u/s 56(2) which is related to deemed income. 6. The Appellant craves to leave, to add, to amend and/or to alter any of grounds of appeal, if need be”. 7.1. The assessee has also raised