VITP PRIVATE LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-17(2), HYDERABAD

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

viia) by the Finance Act, 2010, which reads as under:— "Under the existing provisions of section 56(2)(vii), any sum of money or any property in kind which is received without consideration or for inadequate consideration (in excess of the prescribed limit of Rs. 50,000) by an individual or an HUF is chargeable to income

VITP PRIVATE LIMITED,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CIRCLE-17(2), HYDERABAD

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

viia) by the Finance Act, 2010, which reads as under:— "Under the existing provisions of section 56(2)(vii), any sum of money or any property in kind which is received without consideration or for inadequate consideration (in excess of the prescribed limit of Rs. 50,000) by an individual or an HUF is chargeable to income

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:

transfer of a capital asset to income-tax. The asset must be one which falls within the contemplation of the section. It must bear that quality which brings section 45 into play. To determine whether the goodwill of a new business is such an asset, it is permissible, as we shall presently show, to refer to certain other section

GREENWOOD INFRACON INDIA PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

transfer of shares involving deemed income under the head 'income from other sources' are liable to be taxed in the hands of the recipient (Transferee) within the meaning of Section 56(2)(viia)(i) of the I.T.Act, 1961 as applicable w.e.f.01-06- 2010. The details of share transactions, price

PRADEEPTHI INFRACON PRIVATE LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

transfer of shares involving deemed income under the head 'income from other sources' are liable to be taxed in the hands of the recipient (Transferee) within the meaning of Section 56(2)(viia)(i) of the I.T.Act, 1961 as applicable w.e.f.01-06- 2010. The details of share transactions, price

ATLANTA ROCK GARDENS PRIVATE LIMITED ,CHENNAI vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

transfer of shares involving deemed income under the head 'income from other sources' are liable to be taxed in the hands of the recipient (Transferee) within the meaning of Section 56(2)(viia)(i) of the I.T.Act, 1961 as applicable w.e.f.01-06- 2010. The details of share transactions, price

AMRUTHA AGRO ESTATES PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

transfer of shares involving deemed income under the head 'income from other sources' are liable to be taxed in the hands of the recipient (Transferee) within the meaning of Section 56(2)(viia)(i) of the I.T.Act, 1961 as applicable w.e.f.01-06- 2010. The details of share transactions, price

HARITHA PRABHA AGRO PROJECTS PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

transfer of shares involving deemed income under the head 'income from other sources' are liable to be taxed in the hands of the recipient (Transferee) within the meaning of Section 56(2)(viia)(i) of the I.T.Act, 1961 as applicable w.e.f.01-06- 2010. The details of share transactions, price

PULANE CONSTRUCTIONS PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

transfer of shares involving deemed income under the head 'income from other sources' are liable to be taxed in the hands of the recipient (Transferee) within the meaning of Section 56(2)(viia)(i) of the I.T.Act, 1961 as applicable w.e.f.01-06- 2010. The details of share transactions, price

GREEN MANGOS REAL ESTATES INDIA PRIVATE LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

transfer of shares involving deemed income under the head 'income from other sources' are liable to be taxed in the hands of the recipient (Transferee) within the meaning of Section 56(2)(viia)(i) of the I.T.Act, 1961 as applicable w.e.f.01-06- 2010. The details of share transactions, price

BANDHO REAL ESTATES PRIVATE LIMITED ,CHENNAI vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

transfer of shares involving deemed income under the head 'income from other sources' are liable to be taxed in the hands of the recipient (Transferee) within the meaning of Section 56(2)(viia)(i) of the I.T.Act, 1961 as applicable w.e.f.01-06- 2010. The details of share transactions, price

BHUVANESH INFRA VENTURES PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

transfer of shares involving deemed income under the head 'income from other sources' are liable to be taxed in the hands of the recipient (Transferee) within the meaning of Section 56(2)(viia)(i) of the I.T.Act, 1961 as applicable w.e.f.01-06- 2010. The details of share transactions, price

SASHI INFRA VENTURES PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

transfer of shares involving deemed income under the head 'income from other sources' are liable to be taxed in the hands of the recipient (Transferee) within the meaning of Section 56(2)(viia)(i) of the I.T.Act, 1961 as applicable w.e.f.01-06- 2010. The details of share transactions, price

ASPEN INFRA VENTURES INDIA PRIVATE LIMITED ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

transfer of shares involving deemed income under the head 'income from other sources' are liable to be taxed in the hands of the recipient (Transferee) within the meaning of Section 56(2)(viia)(i) of the I.T.Act, 1961 as applicable w.e.f.01-06- 2010. The details of share transactions, price

ALDER INFRA VENTURES PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

transfer of shares involving deemed income under the head 'income from other sources' are liable to be taxed in the hands of the recipient (Transferee) within the meaning of Section 56(2)(viia)(i) of the I.T.Act, 1961 as applicable w.e.f.01-06- 2010. The details of share transactions, price

KARISMA TOWN SHIP PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

transfer of shares involving deemed income under the head 'income from other sources' are liable to be taxed in the hands of the recipient (Transferee) within the meaning of Section 56(2)(viia)(i) of the I.T.Act, 1961 as applicable w.e.f.01-06- 2010. The details of share transactions, price

RL AVENUE PRIVATE LIMITED,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

transfer of shares involving deemed income under the head 'income from other sources' are liable to be taxed in the hands of the recipient (Transferee) within the meaning of Section 56(2)(viia)(i) of the I.T.Act, 1961 as applicable w.e.f.01-06- 2010. The details of share transactions, price

BUDHAPALITA TIMBER ESTATES PRIVATE LIMITED ,VIJAYAWADA vs. DY. COMMISSIONER OF INCOME TAX , CENTRAL CIRCLE-2(4), HYDERABAD

In the result, appeal filed by the assessee is allowed for statistical purposes

Bench: Shri R.K. Panda & Shri K. Narasimha Chary

transfer of shares involving deemed income under the head 'income from other sources' are liable to be taxed in the hands of the recipient (Transferee) within the meaning of Section 56(2)(viia)(i) of the I.T.Act, 1961 as applicable w.e.f.01-06- 2010. The details of share transactions, price