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

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

section 80G in respect of CSR expenditure incurred by the assessee company. 48. Ostensibly, the AO had disallowed the claim for deduction under section 80G in respect of CSR expenditure incurred by the assessee company, on the ground that CSR expenditure is mandatory and hence donations made therefrom cannot be regarded as voluntary. 49. On appeal

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

In the result, the appeal of assessee in ITA No

72,843 | 9,03,945 | 82,37,30,191\n5. 2. During the course of assessment proceedings, in the written submissions furnished to the AO on 21-4-2022 in response to notice under Section 142(1) of the Act, the appellant reiterated the explanation furnished by MSN Reddy, the Managing Director of the appellant company, in the sworn

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

72,843 | 9,03,945 | 82,37,30,191 |\n5. 2. During the course of assessment proceedings, in the written submissions furnished to the AO on 21-4-2022 in response to notice under Section 142(1) of the Act, the appellant reiterated the explanation furnished by MSN Reddy, the Managing Director of the appellant company, in the sworn

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

72,55,730\n50% of the amount being claimed as deduction was disallowed by the\nassessing officer because CSR expenditure by the assessee forms a\npart of the mandatory requirement of the Companies Act, 2013 and\nconsequently not eligible for deduction under section 80G of the\nIncometax Act, 1961. The AO held that the intent of the legislature\nwas

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

72,843\n9,03,945\n82,37,30,191\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 furnished by MSN Reddy, the Managing Director of the\nappellant company

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

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

In the result, the appeal of assessee in ITA No

72,843\n9,03,945\n82,37,30,191\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 furnished by MSN Reddy, the Managing Director of the\nappellant company, in the sworn

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

In the result, the appeal of assessee in ITA No

72,843\n9,03,945\n82,37,30,191\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 furnished by MSN Reddy, the Managing Director of the\nappellant company, in the sworn

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

In the result, the appeal of assessee in ITA No

72,843\n9,03,945\n82,37,30,191\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 furnished by MSN Reddy, the Managing Director of the\nappellant company, in the sworn statement

ACIT, CENTRAL CIRCLE-3(1), HYDERABAD vs. SRI CHAITANYA EDUCATIONAL COMMITTE, VIJAYAWADA

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

Bench: Shri Vijay Pal Rao & Shri Manjunatha G

72,357/- thus arriving at a total demand of Rs.23,62,37,592/-. Thus, the AO has calculated the income twice for the same disallowance and gave a demand notice of almost double the liability. The AO made an addition that the appellant has violated provisions of Section 13(1)(c) and applied provisions of section 164(2

KYORI INFRASTRUCTURE PRIVATE LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-2(1), HYDERABAD

In the result, appeal of the assessee is dismissed

Bench: S/Shri A .Mohan Alankamony & Chandra Mohan Gargassessment Year : 2015-16 M/S. Kyori Infrastructure Pvt Vs. Dcit, Circle-2(1), Ltd., C/O. P Murali & Co., Ca, Hyderabad 6-3-655/2/3, Samajiguda, Hyderabad Pan/Gir No. (Appellant) .. ( Respondent) Assessee By : Shri P.Murali Mohan Rao, Ar Revenue By : Shri B.Bala Krishna Cit (Dr) Date Of Hearing : 13/10/ 2021 Date Of Pronouncement : 24/01/2022 O R D E R Per Bench This Is An Appeal Filed By The Assessee Against The Order U/S.263 Of The Act Of The Pr. Cit-2, Hyderabad Dated 26.2.2020 For The Assessment Year 2015-16. 2. Facts Of The Case Are That The Assessee Company Is Engaged In The Business Of Construction & Infrastructure Activity. It Filed The Return Of Income For Assessment Year 2015-16 On 30.9.2015 Declaring Total Income At Rs.15,58,050/-. The Case Was Taken Up For Scrutiny & The Assessment Was Completed U/S.143(3) Of The Act On 27.12.2017 With The Assessed Income At Rs.15,58,050/-. P A G E 1 | 11 Assessment Year : 2015-16

68,77,828.24 Less: sale proceeds (30.79 Rs. 11,92,18,880 Rs. 38,72,000.00 ACRES) Gain / Loss Rs.-30,05,828.24 In our case the provision u/s.45(2) cannot be applicable because die each acre land sold at capital loss of Rs.30,05,828.24/-the total loss for sold the P a g e 5 | 11 Assessment Year

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

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

Appeal are dismissed

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

Appeal are dismissed

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

RONAK GUPTA,HYDERABAD vs. ACIT CENTRAL CIRCLE-3(1), HYDERABAD

In the result, all the appeals of assessees are dismissed

Bench: Shri R.K. Panda & Shri Laliet Kumar

2) Notwithstanding anything contained in this Act, no deduction in respect of any expenditure or allowance (or set off of any loss/ shall be allowed to the assessee under any provision of this Act in computing his income referred to in clause (a) [and clause (b)/ of sub-section (1)./ In the present case, the Assessing Officer has determined

SUPREME AGRO,HYDERABAD vs. ACIT CENTRAL CIRCLE-3 (1), HYDERABAD

In the result, all the appeals of assessees are dismissed

Bench: Shri R.K. Panda & Shri Laliet Kumar

2) Notwithstanding anything contained in this Act, no deduction in respect of any expenditure or allowance (or set off of any loss/ shall be allowed to the assessee under any provision of this Act in computing his income referred to in clause (a) [and clause (b)/ of sub-section (1)./ In the present case, the Assessing Officer has determined

KANISHKA GUPTA,,HYDERABAD vs. ACIT CENTRAL CIRCLE-3(1), HYDERABAD

In the result, all the appeals of assessees are dismissed

Bench: Shri R.K. Panda & Shri Laliet Kumar

2) Notwithstanding anything contained in this Act, no deduction in respect of any expenditure or allowance (or set off of any loss/ shall be allowed to the assessee under any provision of this Act in computing his income referred to in clause (a) [and clause (b)/ of sub-section (1)./ In the present case, the Assessing Officer has determined