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

2)(iiihk) and (iiihl) of the Act. (para 16) We are in agreement with such observations and findings of the Coordinate Bench of the Tribunal and while respectfully following the same, we hold that inasmuch as the assessee satisfied the conditions of section 80G of the Act, the assessee is entitled to claim deduction under section

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

In the result, the appeals filed by the assessee for assessment years 2019-20 and 2020-21 are partly allowed

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

68,95,756 - 14,09,92,643 2020-21 5,12,22,731 3,27,38,075 1,02,22,479 48,55,404 2,67,81,999 - 12,58,20,688 2021-22 5,57,69,012 1,62,07,177 58,57,556 41,70,416 3,24,22,875 9,03,945 11,53,30,981 Total

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

In the result, the appeals filed by the assessee for assessment years 2019-20 and 2020-21 are partly allowed

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

68,95,756 - 14,09,92,643 2020-21 5,12,22,731 3,27,38,075 1,02,22,479 48,55,404 2,67,81,999 - 12,58,20,688 2021-22 5,57,69,012 1,62,07,177 58,57,556 41,70,416 3,24,22,875 9,03,945 11,53,30,981 Total

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

In the result, the appeal of assessee in ITA No

68,95,756 | | 14,09,92,643\n2020-21 | 5,12,22,731 | 3,27,38,075 | 1,02,22,479 | 48,55,404 | 2,67,81,999 | | 12,58,20,688\n2021-22 | 5,57,69,012 | 1,62,07,177 | 58,57,556 | 41,70,416 | 3,24,22,875 | 9,03,945 | 11,53,30,981\nTotal

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

68,95,756 | 14,09,92,643 |\n| 2020-21 | 5,12,22,731 | 3,27,38,075 | 1,02,22,479 | 48,55,404 | 2

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

50%) of the aggregate of the sums\nspecified in sub-section 2 [refer sub-clause (iv) of clause (a) of\nSub-section 2 of section 80G of the Act read with section 80G\n(1) (ii)] which allows the donation given to any other Fund or any\ninstitution to which this section applies

ACIT., CENTRAL CIRCLE-2(4), , HYDERABAD vs. M/S. MAITHRI LABORATORIES PRIVATE LIMITED, HYDERABAD

In the result, both the appeals of assessee and the Revenue\nare partly allowed

section 2(22)(e) and keeping in view\nthe flexibility required in practical business situations, the AO treated\nthe payments made by the appellant company to the extent of 150%\nof the purchases made from the recipient companies as the payments\nmade in the ordinary course of business and the payments made in\nexcess of such

GRR HOLDINGS,HYDERABAD vs. DCIT., CENTRAL CIRCLE-3(3), HYDERABAD

In the result, all the three appeals filed by the assessee are allowed

Bench: Shri Laliet Kumar & Shri Manjunatha, G.आ.अपी.सं /Ita Nos.164, 194 & 195/Hyd/2024 (िनधा"रण वष"/Assessment Years: 2014-15,2015-16 & 2017-18) Grr Holdings Vs. Dy. C. I. T. Hyderabad Central Circle 3(3) Pan:Aaqfg0867M Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri P. Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: N O N E सुनवाई की तारीख/Date Of Hearing: 27/05/2024 घोषणा की तारीख/Pronouncement: 24/07/2024 आदेश/Order

2 of 42 ITA Nos 164, 194 and 195 of 2024 GRR Holdings 6. On the facts and circumstances of the case and in law, the Ld. CIT(A) ought to have appreciated that the assessee (Vendee) and vendor, both have filed affidavits regarding the non-payment and non-receipt of money on account of sale transaction

GRR HOLDINGS,HYDERABAD vs. DCIT., CENTRAL CIRCLE-3(3), HYDERABAD

In the result, all the three appeals filed by the assessee are allowed

Bench: Shri Laliet Kumar & Shri Manjunatha, G.आ.अपी.सं /Ita Nos.164, 194 & 195/Hyd/2024 (िनधा"रण वष"/Assessment Years: 2014-15,2015-16 & 2017-18) Grr Holdings Vs. Dy. C. I. T. Hyderabad Central Circle 3(3) Pan:Aaqfg0867M Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri P. Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: N O N E सुनवाई की तारीख/Date Of Hearing: 27/05/2024 घोषणा की तारीख/Pronouncement: 24/07/2024 आदेश/Order

2 of 42 ITA Nos 164, 194 and 195 of 2024 GRR Holdings 6. On the facts and circumstances of the case and in law, the Ld. CIT(A) ought to have appreciated that the assessee (Vendee) and vendor, both have filed affidavits regarding the non-payment and non-receipt of money on account of sale transaction

GRR HOLDINGS,HYDERABAD vs. DCIT., CENTRAL CIRCLE-3(3), HYDERABAD

In the result, all the three appeals filed by the assessee are allowed

Bench: Shri Laliet Kumar & Shri Manjunatha, G.आ.अपी.सं /Ita Nos.164, 194 & 195/Hyd/2024 (िनधा"रण वष"/Assessment Years: 2014-15,2015-16 & 2017-18) Grr Holdings Vs. Dy. C. I. T. Hyderabad Central Circle 3(3) Pan:Aaqfg0867M Hyderabad (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri P. Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: N O N E सुनवाई की तारीख/Date Of Hearing: 27/05/2024 घोषणा की तारीख/Pronouncement: 24/07/2024 आदेश/Order

2 of 42 ITA Nos 164, 194 and 195 of 2024 GRR Holdings 6. On the facts and circumstances of the case and in law, the Ld. CIT(A) ought to have appreciated that the assessee (Vendee) and vendor, both have filed affidavits regarding the non-payment and non-receipt of money on account of sale transaction

ACIT., CENTRAL CIRCLE-2(4), HYDERABAD vs. M/S. MSN LIFE SCIENCES PVT. LTD., HYDERABAD

68,95,756 |\n| 2,67,81,999 |\n| 3,24,22,875 |\n| 9,03,945 |\n| 11,32,72,843 |\n\n5. 2. During the course of assessment proceedings, in the written\nsubmissions furnished to the AO on 21-4-2022 in response to\nnotice under Section 142(1) of the Act, the appellant reiterated the\nexplanation

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

In the result, the appeal of assessee in ITA No

section 2(22)(e) and keeping in view\nthe flexibility required in practical business situations, the AO treated\nthe payments made by the appellant company to the extent of 150%\nof the purchases made from the recipient companies as the payments\nmade in the ordinary course of business and the payments made in\nexcess of such

ACIT., CENTRAL CIRCLE-2(4), HYDERABAD vs. MSN PHARMACHEM PVT. LTD., HYDERABAD

In the result, the appeal of assessee in ITA No

68,051\n| 241,53,50,035\n| 1,53,47,177\n| A/c of MSN Laboratories Pvt Ltd in the\n| books of the appellant.\n| Amount in (Rs.)\n| 299,95,35,547\n| 100,43,24,928\n| 506,40,05,020\n| 2

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

In the result, the appeal of assessee in ITA No

section 2(22)(e) and keeping in view\nthe flexibility required in practical business situations, the AO treated\nthe payments made by the appellant company to the extent of 150%\nof the purchases made from the recipient companies as the payments\nmade in the ordinary course of business and the payments made in\nexcess of such

ACIT, CENTRAL CIRCLE-2(2), HYDERABAD vs. DEVENDER RAO GORUKANTI, HYDERABAD

In the result, the appeal filed by the revenue is dismissed

Bench: Shri Rama Kanta Panda & Shri Laliet Kumarassessment Year: 2021-22 Acit,Cc-2(2) Vs Devender Rao Gourkanti Room No.616,6Th Floor . H.No.8-2-293/82/Nl/231 Aaykar Bhawan Mla Mp Colony Basheerbagh Jubilee Hills Hyderabad-500 004 Hyderabad-500 033 Pan : Akepg7452N (Appellant) (Respondent) Assessee By: Shri H.Srinivasulu Revenue By: Shri K.P.R.R.Murthy, Sr.Ar Date Of Hearing: 20.03.2023 Date Of Pronouncement: 31.05.2023 O R D E R Per Shri Rama Kanta Panda (A.M.): This Appeal Filed By The Assessee Is Directed Against The Order Dated 16.06.2022 Of The Learned Commissioner Of Income Tax (Appeals)-12, Hyderabad Relating To Ay 2021-22. 2. Facts Of The Case, In Brief, Are That The Assessee Is An Individual & Partner In M/S. Yashoda Helathcare Services Pvt.Ltd & Derives Partner’S Remuneration & Interest On Capital. He Filed His Original Return Of Income On 28.12.2021 Declaring Total Income Of Rs.8,56,33,070/- A Search & Seizure Operation U/S. 132 Of The I.T. Act Was Conducted In The Case Of Yashoda Group On 22.12.2020, During Which The Case Of The Assessee Was Also Covered. In Response To Notice U/S. 153A Of The I.T.Act,The Assessee Filed His Return Of Income Admitting Additional

50,00,000 + 2,58,98,100 + 1,00,00,000) are cash payments pertaining to various concerns and individuals of the group for the current financial year 2020-21, which are related to Shri G. Devender Rao. 3.1 The AO further noted that when the assessee Shri Devender Rao Gorukanti was confronted with the above details of cash receipts/payments

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

68,750\n16-05-2019\n1,30,350\n17,88,750\n14.89.150\nCheque\nCheque\n1st Floor\n12,08,250\n10,24,630\n2nd Floor\n10,53,000\n8,83,220\n22,61,250\n19,07,850\nTotal recd\n40,50,000\n33,97,000\n7. From the above, it is clear that the assessee had purchased the property under\nquestion

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

section 2(22)(e) and keeping in view\nthe flexibility required in practical business situations, the AO treated\nthe payments made by the appellant company to the extent of 150%\nof the purchases made from the recipient companies as the payments\nmade in the ordinary course of business and the payments made in\nexcess of such

ACIT, CIRCLE-16(1), HYDERABAD,HYDERABAD vs. MADHUSUDAN RAO LAGADAPATI, HYDERABAD, HYDERABAD

In the result, appeal of Revenue is dismissed”

Bench: Smt. P. Madhavi Devi & Shri Laxmi Prasad Sahuassessment Year: 2012-13

68. 2. The Ld. CIT(A), erred in holding that the creditworthiness of the lender company is proved. 3. The Ld. CIT(A), erred in accepting the genuineness of the transact-on. 4. The Ld. CIT(A), erred in holding that decision of the Hon'ble Supreme Court in the case of M/s Vodafone International Holding (341 ITRI) is wrong

KONDAL REDDY ANUMULA,HYDERABAD vs. ACIT., CENTRAL CIRCLE - 1(2), HYDERABAD

In the result, the appeal of assessee in ITA No

Bench: SHRI VIJAY PAL RAO, HON’BLE (Vice President), SHRI MANJUNATHA G, HON'BLE (Accountant Member)

2 of the assessee's appeal is addition towards unexplained investment under Section 69 of the Income-tax Act, 1961 for Rs. 25,50,000/- and addition towards unexplained loans under Section 68