DCIT, CIRCLE-1(2), HYDERABAD, HYDERABAD vs. BRAMHANI INDUSTRIES LIMITED, JAMMALAMADUGU, YSR DIST., YSR DIST.

In the result, appeal of the assessee is partly allowed and the appeal of the Revenue is dismissed

Bench: Shri A. Mohan Alankamony & Sri Chandra Mohan Garga.Y. 2010-11 Bramhani Industries Limited, Vs. Dcit, Jammalamadugu. Circle-1(3), Pan: Aadcb 1666 M Hyderabad. (Appellant) (Respondent) Ay: 2010-11 Dcit, Vs. Bramhani Industries Circle-1(2), Limited, Hyderabad. Jammalamadugu. Pan: Aadcb 1666 M (Appellant) (Respondent) Assessee By Sri Gowtham Jain Revenue By Sri K.V. Aravind, Sr. Standing Counsel For Dr Date Of Hearing: 12/10/2021 Date Of Pronouncement: 06/01/2022 Order

Section 68 of the Act had been met by the assessee. 30. Further, we are of the view that the decisions cited by the Ld. CIT (A) and those cited by the ld. AR, the facts are not identical with the facts of the assessee as discussed herein below. (i) CIT vs. NR Portfolio Pvt Ltd reported

ACIT., CIRCLE-5(1), HYDERABAD vs. PENNA CEMENT INDUSTRIES LIMITED, HYDERABAD

364/-. Subsequently, the case of the assessee company was selected for complete scrutiny under the E-assessment Scheme, 2019, on various issues, viz. business purchases, deduction claimed under section 801A, and expenses incurred for earning exempt income. 33. Thereafter, the AO vide his order passed under section 143(3) r.w section 144B of the Act, dated

ACIT., CIRCLE-5(1), HYDERABAD vs. PENNA CEMENT INDUSTRIES LIMITED, HYDERABAD

364/-. Subsequently, the\ncase of the assessee company was selected for complete scrutiny\nunder the E-assessment Scheme, 2019, on various issues, viz.\nbusiness purchases, deduction claimed under section 801A, and\nexpenses incurred for earning exempt income.\n33. Thereafter, the AO vide his order passed under section 143(3) r.w\nsection 144B of the Act, dated 03.09.2021, determined

SPANDANA SPHOORTY FINANCIAL LIMITED,HYDERABAD vs. ACIT., CIRCLE 3(2), HYDERABAD

Accordingly, the addition of Rs.11,44,51,818/- (supra) made by the\nAO, which, thereafter, had been sustained by the CIT(A), is vacated.\nThe Grounds of appeal Nos.3.1 to 3.4 are allowed in terms o...

68\nand 69A are quite similar, we request your good self to analyse the decision and\nappreciate that the same can be applied to our case also. The decision is\nattached for your reference (pls refer from Para 5 on [page 9 till para 15 on page\n9)\niv) Additionally, various appellate forums have held that where books of\naccounts/other

DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(2), HYDERABAD vs. MYLAN LABORATORIES LIMITED , HYDERABAD

In the result, appeal of the assessee is partly allowed

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

68 of the Act and brought the same to tax. 17. The ld. Counsel for the assessee reiterated the submissions made before the CIT(A) in response to the enhancement notice and submitted that the treatment of the debts of Agila and Onco, agreed to be settled by the assessee pursuant to the SPA was not dealt with

MYLAN LABORATORIES LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-16(2), HYDERABAD

In the result, appeal of the assessee is partly allowed

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

68 of the Act and brought the same to tax. 17. The ld. Counsel for the assessee reiterated the submissions made before the CIT(A) in response to the enhancement notice and submitted that the treatment of the debts of Agila and Onco, agreed to be settled by the assessee pursuant to the SPA was not dealt with

UNION BANK OF INDIA,HYDERABAD vs. DY. COMMISSISONER OF INCOME TAX, CIRCLE-1(1), HYDERABAD

In the result, the appeals filed by the assessee as well as the Revenue are partly allowed for statistical purposes

Bench: Shri Manjunatha, G. & Shri K. Narasimha Charyआ.अपी.सं /Ita No.1018/Hyd/2017 (िनधा"रण वष"/Assessment Year: 2012-13) Andhra Bank Vs. Dy. C. I. T. Hyderabad Circle 1(1) Pan:Aabca7375C Hyderabad (Appellant) (Respondent) आ.अपी.सं /Ita No.1230/Hyd/2017 (िनधा"रण वष"/Assessment Year: 2012-13 ) Dy. C. I. T. Vs. Andhra Bank Circle 1(1) Hyderabad Hyderabad Pan:Aabca7375C (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri Ananthan, Ca राज" व "ारा/Revenue By:: Shri Kumar Pranav, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 02/07/2024 घोषणा की तारीख/Pronouncement: 28/08/2024 आदेश/Order Per Manjunatha, G. A.M These Cross Appeals Filed By The Assessee, As Well As The Revenue, Are Directed Against The Order Dated 16/02/2016 Of Page 1 Of 59

68,70,494/- as provision made for bad and doubtful debts made by the Appellant in its books against provision of Rs.785,63,70,494/- made in the books. 4. The Commissioner of Income tax (Appeals) erred in law in upholding the action of Assessing Officer in considering Rs.21,21,73,183/- as income, being the amount received under Agriculture

DY. COMMISSIONER OF INCOME TAX, CIRCLE- 1(1), HYDERABAD vs. UNION BANK OF INDIA, HYDERABAD

In the result, the appeals filed by the assessee as well as the Revenue are partly allowed for statistical purposes

Bench: Shri Manjunatha, G. & Shri K. Narasimha Charyआ.अपी.सं /Ita No.1018/Hyd/2017 (िनधा"रण वष"/Assessment Year: 2012-13) Andhra Bank Vs. Dy. C. I. T. Hyderabad Circle 1(1) Pan:Aabca7375C Hyderabad (Appellant) (Respondent) आ.अपी.सं /Ita No.1230/Hyd/2017 (िनधा"रण वष"/Assessment Year: 2012-13 ) Dy. C. I. T. Vs. Andhra Bank Circle 1(1) Hyderabad Hyderabad Pan:Aabca7375C (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri Ananthan, Ca राज" व "ारा/Revenue By:: Shri Kumar Pranav, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 02/07/2024 घोषणा की तारीख/Pronouncement: 28/08/2024 आदेश/Order Per Manjunatha, G. A.M These Cross Appeals Filed By The Assessee, As Well As The Revenue, Are Directed Against The Order Dated 16/02/2016 Of Page 1 Of 59

68,70,494/- as provision made for bad and doubtful debts made by the Appellant in its books against provision of Rs.785,63,70,494/- made in the books. 4. The Commissioner of Income tax (Appeals) erred in law in upholding the action of Assessing Officer in considering Rs.21,21,73,183/- as income, being the amount received under Agriculture

RAVI RISHI EDUCATIONAL SOCIETY,HYDERABAD vs. DCIT., CENTRAL CIRCLE 2(4), HYDERABAD

364/-\ndue to non-filing of the audit report in Form-10B/10BB.\nAggrieved by the Order of the CPC dated 12.02.2022 passed\nu/sec.143(1) of the Act, the assessee filed an appeal before\nthe learned CIT(A) but could not succeed as the appeal of the\nassessee was dismissed by the learned CIT(A) on the ground\nthat

DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(2), HYDERABAD vs. GLOBAL ALUMINIUM PRIVATE LIMITED , HYDERABAD

Appeals are dismissed

Bench: Shri S.S. Godara & Shri L.P. Sahu

364 ITR 1 (Mad), wherein it was discussed as below. "29. As regards the expenditure on dies & moulds, the assessee pointed out that it debited an amount of Rs.11,17,68,169/- towards dies and moulds only to replace them in the place of worn out dies and moulds. The assessee in the memorandum of income added this amount

INCOME TAX OFFICER, WARD-2(2), HYDERABAD vs. GLOBAL ALUMINIUM PRIVATE LIMITED , HYDERABAD

Appeals are dismissed

Bench: Shri S.S. Godara & Shri L.P. Sahu

364 ITR 1 (Mad), wherein it was discussed as below. "29. As regards the expenditure on dies & moulds, the assessee pointed out that it debited an amount of Rs.11,17,68,169/- towards dies and moulds only to replace them in the place of worn out dies and moulds. The assessee in the memorandum of income added this amount

DY. COMMISSIONER OF INCOME TAX, CIRCLE-2(2), HYDERABAD vs. GLOBAL ALUMINIUM PRIVATE LIMITED, SECUNDERABAD

Appeals are dismissed

Bench: Shri S.S. Godara & Shri L.P. Sahu

364 ITR 1 (Mad), wherein it was discussed as below. "29. As regards the expenditure on dies & moulds, the assessee pointed out that it debited an amount of Rs.11,17,68,169/- towards dies and moulds only to replace them in the place of worn out dies and moulds. The assessee in the memorandum of income added this amount

DCIT, CIRCLE-2(2), HYDERABAD, HYDERABAD vs. GLOBAL ALUMINIUM PVT. LTD., SECUNDERABAD, SECUNDERABAD

Appeals are dismissed

Bench: Shri S.S. Godara & Shri L.P. Sahu

364 ITR 1 (Mad), wherein it was discussed as below. "29. As regards the expenditure on dies & moulds, the assessee pointed out that it debited an amount of Rs.11,17,68,169/- towards dies and moulds only to replace them in the place of worn out dies and moulds. The assessee in the memorandum of income added this amount

SKANDA BUILDERS,KURNOOL vs. ACIT., CENTRAL CIRCLE-2(3), HYDERABAD

68,781 | 1,761,010 | 1,608,188 | | | 13,061,025 |\n| 7th | 5,321,835 | 1,921,607 | 1,101,934 | 263,136 | 2,645,500 | 412,838 | | 450,000 | 13,356,820 |\n| 8th | 3,750,000 | 1,000,000 | 2,070,920 | 412,447 | 2,650,000 | 500,000 | | 364

RAVI RISHI EDUCATIONAL SOCIETY,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(4), HYDERABAD

In the result, three appeals i

364/-\ndue to non-filing of the audit report in Form-10B/10BB.\nAggrieved by the Order of the CPC dated 12.02.2022 passed\nu/sec.143(1) of the Act, the assessee filed an appeal before\nthe learned CIT(A) but could not succeed as the appeal of the\nassessee was dismissed by the learned CIT(A) on the ground\nthat

RAVI RISHI EDUCATIONAL SOCIETY,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(4), HYDERABAD

364/-\ndue to non-filing of the audit report in Form-10B/10BB.\nAggrieved by the Order of the CPC dated 12.02.2022 passed\nu/sec.143(1) of the Act, the assessee filed an appeal before\nthe learned CIT(A) but could not succeed as the appeal of the\nassessee was dismissed by the learned CIT(A) on the ground\nthat

RAVI RISHI EDUCATIONAL SOCIETY,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(4), HYDERABAD

364/-\ndue to non-filing of the audit report in Form-10B/10BB.\nAggrieved by the Order of the CPC dated 12.02.2022 passed\nu/sec.143(1) of the Act, the assessee filed an appeal before\nthe learned CIT(A) but could not succeed as the appeal of the\nassessee was dismissed by the learned CIT(A) on the ground\nthat

MANJU DUDALA,HYDERABAD. vs. INCOME TAX OFFICER, WARD-11(3), HYDERABAD.

In the result, appeal ITA

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

section 32(1)(ii) of the Act?" 3. "Whether, on the facts and in the circumstances of the case and in law, the CIT(A) was right and justified in following the directions of the ITAT in allowing the claim of cost of production of TV serials and programmes as revenue expenditure as against depreciation granted by AO treating