OPTUM GLOBAL SOLUTIONS (INDIA) PRIVATE LIMITED,HYDERABAD vs. DCIT, CIRCLE -5(1), HYDERABAD

In the result, both the appeals of assessee are partly allowed

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

transfer pricing adjustment qua the provision of IT services. 3. When the assessee filed objections before the learned DRP, learned DRP, while confirming the disallowance of deduction under section 80G of the Act, issued certain directions. Though the assessee filed this appeal on several grounds, many grounds were withdrawn, stating the assessee had relief in respect of some issues

OPTUM GLOBAL SOLUTIONS (INDIA) PRIVATE LIMITED,HYDERABAD vs. DCIT CIRCLE -5(1), HYDERABAD

In the result, both the appeals of assessee are partly allowed

Bench: Shri Rama Kanta Panda & Shri K. Narasimha Chary

transfer pricing adjustment qua the provision of IT services. 3. When the assessee filed objections before the learned DRP, learned DRP, while confirming the disallowance of deduction under section 80G of the Act, issued certain directions. Though the assessee filed this appeal on several grounds, many grounds were withdrawn, stating the assessee had relief in respect of some issues

RAIN CEMENTS LIMITED, HYD,HYDERABAD vs. DCIT, CIRCLE-3(1), HYDERABAD, HYDERABAD

In the result, appeal filed by the assessee is allowed

Bench: Shri R.K. Panda & Shri K. Narasimha Charyassessment Year: 2008-09 M/S. Rain Cements Ltd Vs. Dy. Commissioner Of (Formerly Known As Rain Income Tax, Circle 3 (1) Cii Carbon (India) Ltd Hyderabad Hyderabad Pan:Aabcr8858F (Appellant) (Respondent) Assessee By: Advocate Prathishta Singh & Advocate Deepak Chopra Revenue By: Dr.Rajendra Kumar, Cit-Dr Date Of Hearing: 20/03/2023 Date Of Pronouncement: 31/05/2023 Order Per R.K. Panda, A.M This Appeal Filed By The Assessee Is Directed Against The Final Assessment Order Dated 24.03.2017 Passed U/S 143(3) R.W.S. 144C(5) R.W.S. 260 Of The I.T. Act For The A.Y 2008-09. 2. This Appeal Was Earlier Decided By The Tribunal Vide Order Dated 18.10.2019. Subsequently Vide Ma No.15/Hyd/2020, Dated 23.3.2021, The Tribunal Recalled The Entire Order For Fresh Adjudication. Therefore, This Is A Recalled Matter.

transfer pricing adjustment is concerned, he submitted that a calculation error has been pointed out identifying the escaped income at INR 29,87,704/- which relates to the corporate guarantee fee which has been computed by the TPO. He submitted that the TPO had made the adjustment on the basis of the quantum of the corporate guarantee taking into account

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

Transfer Pricing Officer\n(TPO) in respect of specified domestic transactions reported by the\nassessee company. The TPO, after examining the submissions and\ndocumentation furnished by the assessee company, passed an order\nunder section 92CA(3) of the Act, determining the arm's length price\n(ALP) of the specified domestic transactions and did not propose any\nadjustment.\n4.\nThereafter

SRI EDUPAYALA VANA DURGA BHAVANI,HYDERABAD vs. INCOME TAX OFFICER, WARD-1, SANGAREDDY

Bench: Us:

charitable purposes registered as such under the Societies Registration Act, 1860 is exempt under Section 10(23BBA) of the Act, but the income of such public or religious trusts or endowments, viz. maths, temples, gurdwaras, wakfs, churches, synagogues, agiaries or other places of public or religious worship cannot be brought within the meaning of the exemption contemplated in the said

KUPPAM EDUCATIONAL SOCIETY,KUPPAM vs. INCOME TAX OFFICER (EXEMPTIONS), TIRUPATI

In the result, the appeal of the assessee is partly allowed

Bench: Shri K. Narasimha Chary & Shri Madhusudan Sawdia

transferred from the principal account and the dame is deposited as fixed deposit in the state bank of Mysore. But in the books of accounts it is treated as that the fixed deposits is made directly by principal account, there is no non disclosure of the credit in bank. Hence it is prayed your honourable appellate authority to delete

KAKINADA INFRASTRUCTURE HOLDINGS PRIVATE LIMITED,HYDERABAD vs. DCIT., CIRCLE-2(1), HYDERABAD

Charitable Trust cited supra, there was no hard and fast\nrule can be laid down in the matter of condonation of delay and courts\nshould adopt a pragmatic approach and the courts should exercise\ntheir discretion on the facts of the each case keeping in mind that in\nconstruing, the expression \"sufficient cause" the principle of advancing\nsubstantial justice

PULLALAREVU ANUSHA,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

price of Rs.1,15,00,000/- only. The page is reproduced as under : (Ref to Page No. 63 of 121 of CIT(A) order). The page no. 14 of the deed mentions the schedule of the property and the specifications. The page no 14 mentions that it is a "Semi residential villa" The page no. 14 is reproduced as under

VAMSI KRISHNA REDDY GOTEKE,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

price of Rs.1,15,00,000/- only. The page is reproduced as under : (Ref to Page No. 63 of 121 of CIT(A) order). The page no. 14 of the deed mentions the schedule of the property and the specifications. The page no 14 mentions that it is a "Semi residential villa" The page no. 14 is reproduced as under

GAVIREDDYGARI HARIKISHORE REDDY,ANANTHAPUR vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

price of Rs.1,15,00,000/- only. The page is reproduced as under : (Ref to Page No. 63 of 121 of CIT(A) order). The page no. 14 of the deed mentions the schedule of the property and the specifications. The page no 14 mentions that it is a "Semi residential villa" The page no. 14 is reproduced as under

VAMSI KRISHNA REDDY GOTEKE,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

price of Rs.1,15,00,000/- only. The page is reproduced as under : (Ref to Page No. 63 of 121 of CIT(A) order). The page no. 14 of the deed mentions the schedule of the property and the specifications. The page no 14 mentions that it is a "Semi residential villa" The page no. 14 is reproduced as under

VAMSI KRISHNA REDDY GOTEKE,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

price of Rs.1,15,00,000/- only. The page is reproduced as under : (Ref to Page No. 63 of 121 of CIT(A) order). The page no. 14 of the deed mentions the schedule of the property and the specifications. The page no 14 mentions that it is a "Semi residential villa" The page no. 14 is reproduced as under

PULLALAREVU ANUSHA,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

price of Rs.1,15,00,000/- only. The page is reproduced as under : (Ref to Page No. 63 of 121 of CIT(A) order). The page no. 14 of the deed mentions the schedule of the property and the specifications. The page no 14 mentions that it is a "Semi residential villa" The page no. 14 is reproduced as under

KANIPAKAM HARI PRASAD REDDY ,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

price of Rs.1,15,00,000/- only. The page is reproduced as under : (Ref to Page No. 63 of 121 of CIT(A) order). The page no. 14 of the deed mentions the schedule of the property and the specifications. The page no 14 mentions that it is a "Semi residential villa" The page no. 14 is reproduced as under

RAMA SUBBA REDDY KUDUMULA,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

price of Rs.1,15,00,000/- only. The page is reproduced as under : (Ref to Page No. 63 of 121 of CIT(A) order). The page no. 14 of the deed mentions the schedule of the property and the specifications. The page no 14 mentions that it is a "Semi residential villa" The page no. 14 is reproduced as under

SARITHA AGARWAL,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

price of Rs.1,15,00,000/- only. The page is reproduced as under : (Ref to Page No. 63 of 121 of CIT(A) order). The page no. 14 of the deed mentions the schedule of the property and the specifications. The page no 14 mentions that it is a "Semi residential villa" The page no. 14 is reproduced as under

RAMA SUBBA REDDY KUDUMULA,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

price of Rs.1,15,00,000/- only. The page is reproduced as under : (Ref to Page No. 63 of 121 of CIT(A) order). The page no. 14 of the deed mentions the schedule of the property and the specifications. The page no 14 mentions that it is a "Semi residential villa" The page no. 14 is reproduced as under

KANIPAKAM HARI PRASAD REDDY,HYDERABAD vs. ACIT, CENTRAL CIRCLE-2(3), HYDERABAD

In the result, the appeal of assessee in ITA

Bench: Shri R.K. Panda & Shri Laliet Kumarsl.No.

price of Rs.1,15,00,000/- only. The page is reproduced as under : (Ref to Page No. 63 of 121 of CIT(A) order). The page no. 14 of the deed mentions the schedule of the property and the specifications. The page no 14 mentions that it is a "Semi residential villa" The page no. 14 is reproduced as under