VENKATA KRISHNA TATINENI,SECUNDERBAD vs. ASST COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3(4), HYDERABAD

In the result, the appeal of assessee is dismissed

Bench: Shri Laliet Kumar & Shri Madhusudan Sawdia

Transfer Pricing Officer, as the case may be,] shall include— (i) an order of assessment made by the Assistant Commissioner or Deputy Commissioner or the Income-tax Officer on the basis of the directions issued by the Joint Commissioner under section 144A

VIJAYA LAKSHMI MITTAPALLI,KHAMMAM vs. ITO WARD-1 KHAMMAM, KHAMMAM

Bench: Shri S.S. Godara & Shri Laxmi Prasad Sahu

144A as well as the assessing authority went by the registered valuer’s report only. We wish to clarify that although the legislature has introduced section 50C(1) 1st and 2nd proviso for adopting the sale consideration as on the date of agreement itself as the fair market value provided the same had been paid by the approved method only

RAMESH MITTAPALLI,KHAMMAM vs. ITO WARD-1 KHAMMAM, KHAMMAM

Bench: Shri S.S. Godara & Shri Laxmi Prasad Sahu

144A as well as the assessing authority went by the registered valuer’s report only. We wish to clarify that although the legislature has introduced section 50C(1) 1st and 2nd proviso for adopting the sale consideration as on the date of agreement itself as the fair market value provided the same had been paid by the approved method only

NAVEEN MITTAPALLI,KHAMMAM vs. ITO WARD-1 KHAMMAM, KHAMMAM

Bench: Shri S.S. Godara & Shri Laxmi Prasad Sahu

144A as well as the assessing authority went by the registered valuer’s report only. We wish to clarify that although the legislature has introduced section 50C(1) 1st and 2nd proviso for adopting the sale consideration as on the date of agreement itself as the fair market value provided the same had been paid by the approved method only

MURALI KRISHNA MITTAPALLI,KHAMMAM vs. ITO WARD-1 KHAMMAM, KHAMMAM

Bench: Shri S.S. Godara & Shri Laxmi Prasad Sahu

144A as well as the assessing authority went by the registered valuer’s report only. We wish to clarify that although the legislature has introduced section 50C(1) 1st and 2nd proviso for adopting the sale consideration as on the date of agreement itself as the fair market value provided the same had been paid by the approved method only

DCIT, CIRCLE-1(1), HYDERABAD, HYDERABAD vs. PRAKASH NIMMAGADDA, HYDERABAD, SECUNDERABAD

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Vijay Pal Rao, Vice-A N D Shri Manjunatha, G.आ.अपी.सं /Ita No.974/Hyd/2017 (िनधा"रण वष"/Assessment Year: 2008-09) Dy.Cit Vs. Shri Prakash Nimmagadda Circle 1(1) Hyderabad Hyderabad Pan:Acbpn4246R (Appellant) (Respondent) िनधा""रती "ारा/Assessee By: Shri K.C. Devdas, Ca राज" व "ारा/Revenue By:: Dr. Meghnath Chowhan, Cit(Dr) सुनवाई की तारीख/Date Of Hearing: 06/11/2024 घोषणा की तारीख/Pronouncement: 16/12/2024 आदेश/Order Per Vijay Pal Raothis Appeal Filed By The Revenue Is Directed Against The Order, Dated 20/03/2017 Of The Learned Cit (A)-9, Hyderabad, Relating To A.Y.2008-09. 2. The Revenue Has Raised The Following Grounds:

144A in the case of M/s Alpha Avenues Pvt Ltd and M/s Alpha Villas Pvt Ltd, the assessee was looking after family investments. As the Statement is material for Page 5 of 43 ITA No 974 of 2017 Prakash Nimmagadda decision in the case of the assessee, it is humbly submitted that the same may be admitted as evidence under

JYOTHI BHANOTH ,KHAMMAM vs. ASST. COMMISSIONER OF INCOME TAX, CIRCLE-1, KHAMMAM

Bench: Smt. P. Madhavi Devi & Shri A. Mohan Alankamonyassessment Year:2014-15 Jyothi Bhanoth, Vs. Acit, Khammam. Circle-1, Pan: Anopb 4718 R Khammam. (Appellant) (Respondent) Assessee By: Shri T. Chaitanya Kumar Revenue By: Shri Rohit Mujumdar, Dr Date Of Hearing: 15/12/2020 Date Of Pronouncement: 21/01/2021 Order Per A. Mohan Alankamony, Am.:

144A of the Act vide his order dated 29/12/2018. The value of the property was so arrived by the Revenue considering the facts and circumstances of the case of the assessee and keeping in view of its inherent disadvantages of the property. Therefore, even if section 56(2)(vii)(b) of the Act is invoked, the sale consideration cannot