PRAMOD REDDY TEKULA,HYDERABAD vs. ACIT,CENTRAL CIRCLE-1(1), HYDERABAD

In the result, all the appeals of the assessees are dismissed

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

53A of the T.P. Act cannot possibly be attracted to the facts of this case for this reason alone. We now turn to the argument of the learned senior counsel appearing on behalf of the assessee based on Section 2(47)(vi) of the Income Tax Act. This Court in Commissioner of Income Tax v. Balbir Singh Maini

NARSI REDDY KOMATIREDDY,HYDERABAD vs. DCIT., CENTRAL CIRCLE-2(2), HYDERABAD

In the result, the appeal is allowed

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

53A of Transfer or Property Act r.w. section 2(47) of I.T. Act. Thus the intention of the parties to the agreement was clear that the agreement was only for carrying out development work and not for sale of the land in question. The Ld. AR further submitted that as per the terms and conditions of the development agreement

NARSI REDDY KOMATIREDDY,HYDERABAD vs. SRIG. SANTOSH KUMAR, DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), HYDERABAD

In the result, the appeal is allowed

Bench: Shri Vijay Pal Rao & Shri Madhusudan Sawdia

53A of Transfer or Property Act r.w. section 2(47) of I.T. Act. Thus the intention of the parties to the agreement was clear that the agreement was only for carrying out development work and not for sale of the land in question. The Ld. AR further submitted that as per the terms and conditions of the development agreement

ITO, WARD-10(2), HYDERABAAD, HYDERABAD vs. SHRI DANDAMUDI AVANINDRA KUMAR, SECUNDERABAD

In the result, the appeals of Revenue and assessee for A

Bench: Shri R.K. Panda & Shri Laliet Kumarआ.अपी.सं / Ita Nos. 52 & 53/Hyd/2015 (निर्धारण वर्ा / Assessment Years: 2007-08 & 2009-10) The Income Tax Officer, Vs. Shri Dandamudi Avanindra Ward – 10(2), Kumar, 88, Gunrock Enclave, Hyderabad. Secunderabad. Pan : Acnpd1893R. अपीलार्थी / Assessee प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita Nos.73 & 74/Hyd/2015 (निर्धारण वर्ा / Assessment Years: 2007-08 & 2009-10) Shri Dandamudi Vs. The Income Tax Officer, Avanindra Kumar, 88, Ward – 10(2), Gunrock Enclave, Hyderabad. Secunderabad. Pan : Acnpd1893R. अपीलार्थी / Assessee प्रत्‍यर्थी / Respondent

53A of the Transfer of Property Act. In fact, during the course of appellate proceedings, the assessee had filed various fresh documents on record and also given reasons for filling such Page 4 of 17 D. Avanindra Kumar documents. This fact was duly acknowledged by the ld.CIT(A) in his order vide Para 5.3 which is to the following effect

ITO, WARD-10(2), HYDERABAAD, HYDERABAD vs. SHRI DANDAMUDI AVANINDRA KUMAR, SECUNDERABAD

In the result, the appeals of Revenue and assessee for A

Bench: Shri R.K. Panda & Shri Laliet Kumarआ.अपी.सं / Ita Nos. 52 & 53/Hyd/2015 (निर्धारण वर्ा / Assessment Years: 2007-08 & 2009-10) The Income Tax Officer, Vs. Shri Dandamudi Avanindra Ward – 10(2), Kumar, 88, Gunrock Enclave, Hyderabad. Secunderabad. Pan : Acnpd1893R. अपीलार्थी / Assessee प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita Nos.73 & 74/Hyd/2015 (निर्धारण वर्ा / Assessment Years: 2007-08 & 2009-10) Shri Dandamudi Vs. The Income Tax Officer, Avanindra Kumar, 88, Ward – 10(2), Gunrock Enclave, Hyderabad. Secunderabad. Pan : Acnpd1893R. अपीलार्थी / Assessee प्रत्‍यर्थी / Respondent

53A of the Transfer of Property Act. In fact, during the course of appellate proceedings, the assessee had filed various fresh documents on record and also given reasons for filling such Page 4 of 17 D. Avanindra Kumar documents. This fact was duly acknowledged by the ld.CIT(A) in his order vide Para 5.3 which is to the following effect

DANDAMUDI AVANINDRA KUMAR,HYDERABAD vs. ITO, WARD-11(1), HYDERABAD, HYDERABAD

In the result, the appeals of Revenue and assessee for A

Bench: Shri R.K. Panda & Shri Laliet Kumarआ.अपी.सं / Ita Nos. 52 & 53/Hyd/2015 (निर्धारण वर्ा / Assessment Years: 2007-08 & 2009-10) The Income Tax Officer, Vs. Shri Dandamudi Avanindra Ward – 10(2), Kumar, 88, Gunrock Enclave, Hyderabad. Secunderabad. Pan : Acnpd1893R. अपीलार्थी / Assessee प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita Nos.73 & 74/Hyd/2015 (निर्धारण वर्ा / Assessment Years: 2007-08 & 2009-10) Shri Dandamudi Vs. The Income Tax Officer, Avanindra Kumar, 88, Ward – 10(2), Gunrock Enclave, Hyderabad. Secunderabad. Pan : Acnpd1893R. अपीलार्थी / Assessee प्रत्‍यर्थी / Respondent

53A of the Transfer of Property Act. In fact, during the course of appellate proceedings, the assessee had filed various fresh documents on record and also given reasons for filling such Page 4 of 17 D. Avanindra Kumar documents. This fact was duly acknowledged by the ld.CIT(A) in his order vide Para 5.3 which is to the following effect

DANDAMUDI AVANINDRA KUMAR,SECUNDERABAD vs. ITO, WARD-11(1), HYDERABAD, HYDERABAD

In the result, the appeals of Revenue and assessee for A

Bench: Shri R.K. Panda & Shri Laliet Kumarआ.अपी.सं / Ita Nos. 52 & 53/Hyd/2015 (निर्धारण वर्ा / Assessment Years: 2007-08 & 2009-10) The Income Tax Officer, Vs. Shri Dandamudi Avanindra Ward – 10(2), Kumar, 88, Gunrock Enclave, Hyderabad. Secunderabad. Pan : Acnpd1893R. अपीलार्थी / Assessee प्रत्‍यर्थी / Respondent आ.अपी.सं / Ita Nos.73 & 74/Hyd/2015 (निर्धारण वर्ा / Assessment Years: 2007-08 & 2009-10) Shri Dandamudi Vs. The Income Tax Officer, Avanindra Kumar, 88, Ward – 10(2), Gunrock Enclave, Hyderabad. Secunderabad. Pan : Acnpd1893R. अपीलार्थी / Assessee प्रत्‍यर्थी / Respondent

53A of the Transfer of Property Act. In fact, during the course of appellate proceedings, the assessee had filed various fresh documents on record and also given reasons for filling such Page 4 of 17 D. Avanindra Kumar documents. This fact was duly acknowledged by the ld.CIT(A) in his order vide Para 5.3 which is to the following effect

CHANDRALOK HOTELS LIMITED, HYDERABAD,HYDERABAD vs. DCIT, CIRCLE-1(2), HYDERABAD, HYDERABAD

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahuassessment Year: 2011-12 Chandra Lok Hotels Ltd., Vs. Dy. Commissioner Of Hyderabad. Income-Tax, Circle – 1(2), Hyderabad. Pan – Aaccc 9912 A (Appellant) (Respondent) Assessee By: Shri P. Murali Mohan Rao Revenue By: Shri Rajat Mitra Date Of Hearing: 19/07/2021 Date Of Pronouncement: 27/08/2021

68,83,850/-, which is the SRO value. In support of his arguments, he relied on the following judgments: “1. Appadurai Vijayaraghavan Vs. JCIT, 49 Taxmann 513 (Mad. HC) 2. S. Muthuraja Vs. CIT, 37 taxmann 352 (HC Mad) 3. Lalitha Karan Vs. ITAT, ITA No. 1130/Hyd/2015 4. Ajay Kochar Vs. ITO, ITA No. 1066/Hyd/2017 5. Smt. Chalasani Nagar Ratna

DCIT., (INTERNATIONAL TAXATION)-1, HYDERABAD vs. SYAMA REDDY MALI REDDY, HYDERABAD

68,370/-\nby an amount of Rs.7,58,13,772/-. Apart from that, the A.O.\ndeclined the assessee's claim for deduction under Section 54 of the\nAct on two grounds, viz. (i) the assessee had not purchased the new\nresidential house within two years from the date of transfer of the\noriginal asset; and (ii) the assessee owned

DY. COMMISSIONER OF INCOME TAX , CIRCLE-17(2), HYDERABAD vs. NIMMAGADDA PRASAD , SECUNDERABAD

In the result, appeal of the revenue is dismissed

Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahuassessment Year: 2014-15 Dy. Commissioner Of Vs. Nimmagadda Prasad, Income-Tax, Secunderabad. Circle – 17(2), Hyderabad. Pan – Abkpn 3078N (Appellant) (Respondent) Revenue By: Shri Narayanamurthy Naik Assessee By: Shri K.A. Sai Prasad Date Of Hearing: 10/05/2021 Date Of Pronouncement: 25/08/2021

53A of Transfer of Property Act as held by the Supreme Court in CIT Vs. Balbir Singh Maini (86 taxmann.com 94 SC). 3. The Ld. CIT(A) erred in not appreciating that the entire arrangement i.e. sale of property vide unregistered sale agreement by the assessee to his wife was a sham transaction, a colourable device which was employed

ANUDEEP NIMMATOORI,HYDERABAD vs. ACIT CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha, G.A N D Shri K. Narasimha Charis.No Ita Nos. Appellant Respondent A.Y 591/Hyd/2022 Shri Ramesh Babu 1 Acit, Central Circle 2017-18 2 619/Hyd/2022 Nimmatoori Hyderabad 2(4) Hyderabad 2018-19 Pan:Acspn1659G 3 700/Hyd/2022 Acit, Central Circle 2(4) Shri Ramesh Babu 2018-19 Hyderabad Nimmatoori Hyderabad Pan:Acspn1659G 4 311/Hyd/2022 Raja Babu Nimmatoori 2013-14 589/Hyd/2022 Hyderabad Acit, Central Circle 5 2016-17 Pan:Acspn1662R 2(4) Hyderabad 6 590/Hyd/2022 2017-18 7 621/Hyd/2022 2018-19 8 701/Hyd/2022 Acit, Central Circle Raja Babu 2018-19 2(4) Hyderabad Nimmatoori Hyderabad Pan:Acspn1662R 9 337/Hyd/2022 Yashoda Nimmatoori Acit, Central Circle 2016-17 593/Hyd/2022 Hyderabad 2(4) Hyderabad 10 2017-18 618/Hyd/2022 Pan:Acspn1657J 11 2018-19 332/Hyd/2022 12 Anudeep Nimmattoori Acit, Central Circle 2016-17 13 475/Hyd/2022 Hyderabad 2(4) Hyderabad 2017-18 476/Hyd/2022 Pan:Ahbpn2081Q 14 2018-19 15 592/Hyd/2022 Sulochana Acit, Central Circle 2017-18 Nimmattoori 2(4) Hyderabad 16 620/Hyd/2022 2018-19 Pan:Acspn1664K 594/Hyd/2022 Manjusha Nimmatoori 17 Acit, Central Circle 2018-19 Hyderabad 2(4) Hyderabad Pan:Acspn1666M िनधा""रती "ारा/Assessee By: Shri P. Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Shri Shakeer Ahmed, Dr सुनवाई की तारीख/Date Of Hearing: 13/06/2024 घोषणा की तारीख/Pronouncement: 14/08/2024

53A of transfer of property Act 1882. The appellant has originally entered into a sale agreement with M/s. Aishwarya Infra Developers and received advance. M/s. Aishwarya Infra Developers could not complete sale transaction because of insufficient funds. Therefore, they had approached JVG Structures (P) Ltd and finally entered into development agreement cum GPA for development of property

YASHODA NIMMATURI,HYDERABAD vs. ACIT,CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha, G.A N D Shri K. Narasimha Charis.No Ita Nos. Appellant Respondent A.Y 591/Hyd/2022 Shri Ramesh Babu 1 Acit, Central Circle 2017-18 2 619/Hyd/2022 Nimmatoori Hyderabad 2(4) Hyderabad 2018-19 Pan:Acspn1659G 3 700/Hyd/2022 Acit, Central Circle 2(4) Shri Ramesh Babu 2018-19 Hyderabad Nimmatoori Hyderabad Pan:Acspn1659G 4 311/Hyd/2022 Raja Babu Nimmatoori 2013-14 589/Hyd/2022 Hyderabad Acit, Central Circle 5 2016-17 Pan:Acspn1662R 2(4) Hyderabad 6 590/Hyd/2022 2017-18 7 621/Hyd/2022 2018-19 8 701/Hyd/2022 Acit, Central Circle Raja Babu 2018-19 2(4) Hyderabad Nimmatoori Hyderabad Pan:Acspn1662R 9 337/Hyd/2022 Yashoda Nimmatoori Acit, Central Circle 2016-17 593/Hyd/2022 Hyderabad 2(4) Hyderabad 10 2017-18 618/Hyd/2022 Pan:Acspn1657J 11 2018-19 332/Hyd/2022 12 Anudeep Nimmattoori Acit, Central Circle 2016-17 13 475/Hyd/2022 Hyderabad 2(4) Hyderabad 2017-18 476/Hyd/2022 Pan:Ahbpn2081Q 14 2018-19 15 592/Hyd/2022 Sulochana Acit, Central Circle 2017-18 Nimmattoori 2(4) Hyderabad 16 620/Hyd/2022 2018-19 Pan:Acspn1664K 594/Hyd/2022 Manjusha Nimmatoori 17 Acit, Central Circle 2018-19 Hyderabad 2(4) Hyderabad Pan:Acspn1666M िनधा""रती "ारा/Assessee By: Shri P. Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Shri Shakeer Ahmed, Dr सुनवाई की तारीख/Date Of Hearing: 13/06/2024 घोषणा की तारीख/Pronouncement: 14/08/2024

53A of transfer of property Act 1882. The appellant has originally entered into a sale agreement with M/s. Aishwarya Infra Developers and received advance. M/s. Aishwarya Infra Developers could not complete sale transaction because of insufficient funds. Therefore, they had approached JVG Structures (P) Ltd and finally entered into development agreement cum GPA for development of property

ACIT, CENTRAL CIRCLE-2(4), HYDERABAD vs. RAMESH BABU NIMMATOORI, HYDERABAD

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha, G.A N D Shri K. Narasimha Charis.No Ita Nos. Appellant Respondent A.Y 591/Hyd/2022 Shri Ramesh Babu 1 Acit, Central Circle 2017-18 2 619/Hyd/2022 Nimmatoori Hyderabad 2(4) Hyderabad 2018-19 Pan:Acspn1659G 3 700/Hyd/2022 Acit, Central Circle 2(4) Shri Ramesh Babu 2018-19 Hyderabad Nimmatoori Hyderabad Pan:Acspn1659G 4 311/Hyd/2022 Raja Babu Nimmatoori 2013-14 589/Hyd/2022 Hyderabad Acit, Central Circle 5 2016-17 Pan:Acspn1662R 2(4) Hyderabad 6 590/Hyd/2022 2017-18 7 621/Hyd/2022 2018-19 8 701/Hyd/2022 Acit, Central Circle Raja Babu 2018-19 2(4) Hyderabad Nimmatoori Hyderabad Pan:Acspn1662R 9 337/Hyd/2022 Yashoda Nimmatoori Acit, Central Circle 2016-17 593/Hyd/2022 Hyderabad 2(4) Hyderabad 10 2017-18 618/Hyd/2022 Pan:Acspn1657J 11 2018-19 332/Hyd/2022 12 Anudeep Nimmattoori Acit, Central Circle 2016-17 13 475/Hyd/2022 Hyderabad 2(4) Hyderabad 2017-18 476/Hyd/2022 Pan:Ahbpn2081Q 14 2018-19 15 592/Hyd/2022 Sulochana Acit, Central Circle 2017-18 Nimmattoori 2(4) Hyderabad 16 620/Hyd/2022 2018-19 Pan:Acspn1664K 594/Hyd/2022 Manjusha Nimmatoori 17 Acit, Central Circle 2018-19 Hyderabad 2(4) Hyderabad Pan:Acspn1666M िनधा""रती "ारा/Assessee By: Shri P. Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Shri Shakeer Ahmed, Dr सुनवाई की तारीख/Date Of Hearing: 13/06/2024 घोषणा की तारीख/Pronouncement: 14/08/2024

53A of transfer of property Act 1882. The appellant has originally entered into a sale agreement with M/s. Aishwarya Infra Developers and received advance. M/s. Aishwarya Infra Developers could not complete sale transaction because of insufficient funds. Therefore, they had approached JVG Structures (P) Ltd and finally entered into development agreement cum GPA for development of property

YASHODA NIMMATURI,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha, G.A N D Shri K. Narasimha Charis.No Ita Nos. Appellant Respondent A.Y 591/Hyd/2022 Shri Ramesh Babu 1 Acit, Central Circle 2017-18 2 619/Hyd/2022 Nimmatoori Hyderabad 2(4) Hyderabad 2018-19 Pan:Acspn1659G 3 700/Hyd/2022 Acit, Central Circle 2(4) Shri Ramesh Babu 2018-19 Hyderabad Nimmatoori Hyderabad Pan:Acspn1659G 4 311/Hyd/2022 Raja Babu Nimmatoori 2013-14 589/Hyd/2022 Hyderabad Acit, Central Circle 5 2016-17 Pan:Acspn1662R 2(4) Hyderabad 6 590/Hyd/2022 2017-18 7 621/Hyd/2022 2018-19 8 701/Hyd/2022 Acit, Central Circle Raja Babu 2018-19 2(4) Hyderabad Nimmatoori Hyderabad Pan:Acspn1662R 9 337/Hyd/2022 Yashoda Nimmatoori Acit, Central Circle 2016-17 593/Hyd/2022 Hyderabad 2(4) Hyderabad 10 2017-18 618/Hyd/2022 Pan:Acspn1657J 11 2018-19 332/Hyd/2022 12 Anudeep Nimmattoori Acit, Central Circle 2016-17 13 475/Hyd/2022 Hyderabad 2(4) Hyderabad 2017-18 476/Hyd/2022 Pan:Ahbpn2081Q 14 2018-19 15 592/Hyd/2022 Sulochana Acit, Central Circle 2017-18 Nimmattoori 2(4) Hyderabad 16 620/Hyd/2022 2018-19 Pan:Acspn1664K 594/Hyd/2022 Manjusha Nimmatoori 17 Acit, Central Circle 2018-19 Hyderabad 2(4) Hyderabad Pan:Acspn1666M िनधा""रती "ारा/Assessee By: Shri P. Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Shri Shakeer Ahmed, Dr सुनवाई की तारीख/Date Of Hearing: 13/06/2024 घोषणा की तारीख/Pronouncement: 14/08/2024

53A of transfer of property Act 1882. The appellant has originally entered into a sale agreement with M/s. Aishwarya Infra Developers and received advance. M/s. Aishwarya Infra Developers could not complete sale transaction because of insufficient funds. Therefore, they had approached JVG Structures (P) Ltd and finally entered into development agreement cum GPA for development of property

ANUDEEP NIMMATOORI,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha, G.A N D Shri K. Narasimha Charis.No Ita Nos. Appellant Respondent A.Y 591/Hyd/2022 Shri Ramesh Babu 1 Acit, Central Circle 2017-18 2 619/Hyd/2022 Nimmatoori Hyderabad 2(4) Hyderabad 2018-19 Pan:Acspn1659G 3 700/Hyd/2022 Acit, Central Circle 2(4) Shri Ramesh Babu 2018-19 Hyderabad Nimmatoori Hyderabad Pan:Acspn1659G 4 311/Hyd/2022 Raja Babu Nimmatoori 2013-14 589/Hyd/2022 Hyderabad Acit, Central Circle 5 2016-17 Pan:Acspn1662R 2(4) Hyderabad 6 590/Hyd/2022 2017-18 7 621/Hyd/2022 2018-19 8 701/Hyd/2022 Acit, Central Circle Raja Babu 2018-19 2(4) Hyderabad Nimmatoori Hyderabad Pan:Acspn1662R 9 337/Hyd/2022 Yashoda Nimmatoori Acit, Central Circle 2016-17 593/Hyd/2022 Hyderabad 2(4) Hyderabad 10 2017-18 618/Hyd/2022 Pan:Acspn1657J 11 2018-19 332/Hyd/2022 12 Anudeep Nimmattoori Acit, Central Circle 2016-17 13 475/Hyd/2022 Hyderabad 2(4) Hyderabad 2017-18 476/Hyd/2022 Pan:Ahbpn2081Q 14 2018-19 15 592/Hyd/2022 Sulochana Acit, Central Circle 2017-18 Nimmattoori 2(4) Hyderabad 16 620/Hyd/2022 2018-19 Pan:Acspn1664K 594/Hyd/2022 Manjusha Nimmatoori 17 Acit, Central Circle 2018-19 Hyderabad 2(4) Hyderabad Pan:Acspn1666M िनधा""रती "ारा/Assessee By: Shri P. Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Shri Shakeer Ahmed, Dr सुनवाई की तारीख/Date Of Hearing: 13/06/2024 घोषणा की तारीख/Pronouncement: 14/08/2024

53A of transfer of property Act 1882. The appellant has originally entered into a sale agreement with M/s. Aishwarya Infra Developers and received advance. M/s. Aishwarya Infra Developers could not complete sale transaction because of insufficient funds. Therefore, they had approached JVG Structures (P) Ltd and finally entered into development agreement cum GPA for development of property

ANUDEEP NIMMATOORI,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha, G.A N D Shri K. Narasimha Charis.No Ita Nos. Appellant Respondent A.Y 591/Hyd/2022 Shri Ramesh Babu 1 Acit, Central Circle 2017-18 2 619/Hyd/2022 Nimmatoori Hyderabad 2(4) Hyderabad 2018-19 Pan:Acspn1659G 3 700/Hyd/2022 Acit, Central Circle 2(4) Shri Ramesh Babu 2018-19 Hyderabad Nimmatoori Hyderabad Pan:Acspn1659G 4 311/Hyd/2022 Raja Babu Nimmatoori 2013-14 589/Hyd/2022 Hyderabad Acit, Central Circle 5 2016-17 Pan:Acspn1662R 2(4) Hyderabad 6 590/Hyd/2022 2017-18 7 621/Hyd/2022 2018-19 8 701/Hyd/2022 Acit, Central Circle Raja Babu 2018-19 2(4) Hyderabad Nimmatoori Hyderabad Pan:Acspn1662R 9 337/Hyd/2022 Yashoda Nimmatoori Acit, Central Circle 2016-17 593/Hyd/2022 Hyderabad 2(4) Hyderabad 10 2017-18 618/Hyd/2022 Pan:Acspn1657J 11 2018-19 332/Hyd/2022 12 Anudeep Nimmattoori Acit, Central Circle 2016-17 13 475/Hyd/2022 Hyderabad 2(4) Hyderabad 2017-18 476/Hyd/2022 Pan:Ahbpn2081Q 14 2018-19 15 592/Hyd/2022 Sulochana Acit, Central Circle 2017-18 Nimmattoori 2(4) Hyderabad 16 620/Hyd/2022 2018-19 Pan:Acspn1664K 594/Hyd/2022 Manjusha Nimmatoori 17 Acit, Central Circle 2018-19 Hyderabad 2(4) Hyderabad Pan:Acspn1666M िनधा""रती "ारा/Assessee By: Shri P. Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Shri Shakeer Ahmed, Dr सुनवाई की तारीख/Date Of Hearing: 13/06/2024 घोषणा की तारीख/Pronouncement: 14/08/2024

53A of transfer of property Act 1882. The appellant has originally entered into a sale agreement with M/s. Aishwarya Infra Developers and received advance. M/s. Aishwarya Infra Developers could not complete sale transaction because of insufficient funds. Therefore, they had approached JVG Structures (P) Ltd and finally entered into development agreement cum GPA for development of property

RAMESH BABU NIMMATOORI,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha, G.A N D Shri K. Narasimha Charis.No Ita Nos. Appellant Respondent A.Y 591/Hyd/2022 Shri Ramesh Babu 1 Acit, Central Circle 2017-18 2 619/Hyd/2022 Nimmatoori Hyderabad 2(4) Hyderabad 2018-19 Pan:Acspn1659G 3 700/Hyd/2022 Acit, Central Circle 2(4) Shri Ramesh Babu 2018-19 Hyderabad Nimmatoori Hyderabad Pan:Acspn1659G 4 311/Hyd/2022 Raja Babu Nimmatoori 2013-14 589/Hyd/2022 Hyderabad Acit, Central Circle 5 2016-17 Pan:Acspn1662R 2(4) Hyderabad 6 590/Hyd/2022 2017-18 7 621/Hyd/2022 2018-19 8 701/Hyd/2022 Acit, Central Circle Raja Babu 2018-19 2(4) Hyderabad Nimmatoori Hyderabad Pan:Acspn1662R 9 337/Hyd/2022 Yashoda Nimmatoori Acit, Central Circle 2016-17 593/Hyd/2022 Hyderabad 2(4) Hyderabad 10 2017-18 618/Hyd/2022 Pan:Acspn1657J 11 2018-19 332/Hyd/2022 12 Anudeep Nimmattoori Acit, Central Circle 2016-17 13 475/Hyd/2022 Hyderabad 2(4) Hyderabad 2017-18 476/Hyd/2022 Pan:Ahbpn2081Q 14 2018-19 15 592/Hyd/2022 Sulochana Acit, Central Circle 2017-18 Nimmattoori 2(4) Hyderabad 16 620/Hyd/2022 2018-19 Pan:Acspn1664K 594/Hyd/2022 Manjusha Nimmatoori 17 Acit, Central Circle 2018-19 Hyderabad 2(4) Hyderabad Pan:Acspn1666M िनधा""रती "ारा/Assessee By: Shri P. Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Shri Shakeer Ahmed, Dr सुनवाई की तारीख/Date Of Hearing: 13/06/2024 घोषणा की तारीख/Pronouncement: 14/08/2024

53A of transfer of property Act 1882. The appellant has originally entered into a sale agreement with M/s. Aishwarya Infra Developers and received advance. M/s. Aishwarya Infra Developers could not complete sale transaction because of insufficient funds. Therefore, they had approached JVG Structures (P) Ltd and finally entered into development agreement cum GPA for development of property

YASHODA NIMMATURI,HYDERABAD vs. ACIT,CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee in ITA

Bench: Shri Manjunatha, G.A N D Shri K. Narasimha Charis.No Ita Nos. Appellant Respondent A.Y 591/Hyd/2022 Shri Ramesh Babu 1 Acit, Central Circle 2017-18 2 619/Hyd/2022 Nimmatoori Hyderabad 2(4) Hyderabad 2018-19 Pan:Acspn1659G 3 700/Hyd/2022 Acit, Central Circle 2(4) Shri Ramesh Babu 2018-19 Hyderabad Nimmatoori Hyderabad Pan:Acspn1659G 4 311/Hyd/2022 Raja Babu Nimmatoori 2013-14 589/Hyd/2022 Hyderabad Acit, Central Circle 5 2016-17 Pan:Acspn1662R 2(4) Hyderabad 6 590/Hyd/2022 2017-18 7 621/Hyd/2022 2018-19 8 701/Hyd/2022 Acit, Central Circle Raja Babu 2018-19 2(4) Hyderabad Nimmatoori Hyderabad Pan:Acspn1662R 9 337/Hyd/2022 Yashoda Nimmatoori Acit, Central Circle 2016-17 593/Hyd/2022 Hyderabad 2(4) Hyderabad 10 2017-18 618/Hyd/2022 Pan:Acspn1657J 11 2018-19 332/Hyd/2022 12 Anudeep Nimmattoori Acit, Central Circle 2016-17 13 475/Hyd/2022 Hyderabad 2(4) Hyderabad 2017-18 476/Hyd/2022 Pan:Ahbpn2081Q 14 2018-19 15 592/Hyd/2022 Sulochana Acit, Central Circle 2017-18 Nimmattoori 2(4) Hyderabad 16 620/Hyd/2022 2018-19 Pan:Acspn1664K 594/Hyd/2022 Manjusha Nimmatoori 17 Acit, Central Circle 2018-19 Hyderabad 2(4) Hyderabad Pan:Acspn1666M िनधा""रती "ारा/Assessee By: Shri P. Murali Mohan Rao, Ca राज" व "ारा/Revenue By:: Shri Shakeer Ahmed, Dr सुनवाई की तारीख/Date Of Hearing: 13/06/2024 घोषणा की तारीख/Pronouncement: 14/08/2024

53A of transfer of property Act 1882. The appellant has originally entered into a sale agreement with M/s. Aishwarya Infra Developers and received advance. M/s. Aishwarya Infra Developers could not complete sale transaction because of insufficient funds. Therefore, they had approached JVG Structures (P) Ltd and finally entered into development agreement cum GPA for development of property