ANDHRA PRADESH POWER GENERATION CORPORATION LIMITED,VIJAYAWADA vs. DEPUTY COMMISSIONER OF INCOME TAX,CIRCLE1(1), VIJAYAWADA

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

Bench: SHRI RAVISH SOOD, HON’BLE (Judicial Member)

195, 196 & 197/Viz/2024 AP Power Generation Corporation Ltd the Ld. AO regarding disallowance U/s. 14A of the Actwith respect to the dividend income which is exempt, earned by the assessee, the Ld. AO proceeded to disallow the amount of Rs. 10,82,12,042/- where the average value of the investment computed at Rs. 1082,12,04,267/-. Further

ANDHRA PRADESH POWER GENERATION CORPORATION LIMITED,VIJAYAWADA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), VIJAYAWADA

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

Bench: SHRI RAVISH SOOD, HON’BLE (Judicial Member), SHRI S BALAKRISHNAN HON’BLE (Accountant Member)

195, 196 & 197/Viz/2024 AP Power Generation Corporation Ltd the Ld. AO regarding disallowance U/s. 14A of the Actwith respect to the dividend income which is exempt, earned by the assessee, the Ld. AO proceeded to disallow the amount of Rs. 10,82,12,042/- where the average value of the investment computed at Rs. 1082,12,04,267/-. Further

ANDHRA PRADESH POWER GENERATION CORPORATION LIMITED,VIJAYAWADA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), VIJAYAWADA

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

Bench: SHRI RAVISH SOOD, HON’BLE (Judicial Member), SHRI S BALAKRISHNAN HON’BLE (Accountant Member)

195, 196 & 197/Viz/2024 AP Power Generation Corporation Ltd the Ld. AO regarding disallowance U/s. 14A of the Actwith respect to the dividend income which is exempt, earned by the assessee, the Ld. AO proceeded to disallow the amount of Rs. 10,82,12,042/- where the average value of the investment computed at Rs. 1082,12,04,267/-. Further

ANDHRA PRADESH POWER GENERATION CORPORATION LIMITED,VIJAYAWADA vs. DEPUTY COMMISSIONER OF INCOME TAX,CIRCLE 1(1), VIJAYAWADA

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

Bench: SHRI RAVISH SOOD, HON’BLE (Judicial Member), SHRI S BALAKRISHNAN HON’BLE (Accountant Member)

195, 196 & 197/Viz/2024 AP Power Generation Corporation Ltd the Ld. AO regarding disallowance U/s. 14A of the Actwith respect to the dividend income which is exempt, earned by the assessee, the Ld. AO proceeded to disallow the amount of Rs. 10,82,12,042/- where the average value of the investment computed at Rs. 1082,12,04,267/-. Further

ANDHRA PRADESH POWER GENERATION CORPORATION LIMITED,VIJAYAWADA vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 1(1), VIJAYAWADA

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

Bench: SHRI RAVISH SOOD, HON’BLE (Judicial Member), SHRI S BALAKRISHNAN HON’BLE (Accountant Member)

195, 196 & 197/Viz/2024 AP Power Generation Corporation Ltd the Ld. AO regarding disallowance U/s. 14A of the Actwith respect to the dividend income which is exempt, earned by the assessee, the Ld. AO proceeded to disallow the amount of Rs. 10,82,12,042/- where the average value of the investment computed at Rs. 1082,12,04,267/-. Further

DCIT, CENTRAL CIRCLE-1, VISAKHAPATNAM vs. GVA INDUSTRIES PVT. LTD., DHAMTARI

2% while adjudicating the appeal.\nOn the facts and circumstances of the case, the Ld. CIT(A) has not\nconsidered the gross profits shown by the appellant which is @ 1.46%.\nAny other ground that may be raised at the time of hearing of the\nappeal.\"\nGrounds raised by the revenue in ITA No. 221/VIZ/2025 (A.Y. 2015-16)\n"1.\nThe

DCIT, CENTRAL CIRCLE-1, VISAKHAPATNAM vs. GVA INDUSTRIES PVT. LTD., DHAMTARI

2% while adjudicating the appeal.\nOn the facts and circumstances of the case, the Ld. CIT(A) has not\nconsidered the gross profits shown by the appellant which is @ 1.46%.\nAny other ground that may be raised at the time of hearing of the\nappeal.\"\nGrounds raised by the revenue in ITA No. 221/VIZ/2025

THE SOCIETY FOR COLLEGIATE EDUCATION,VISAKHAPATNAM vs. DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTIONS CIRCLE), VIJAYAWADA

In the result, appeal of the assessee is allowed

Bench: Shri K. Narasimha Chary, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.No.435/Viz/2024 (निर्धारण वर्ा/ Assessment Year: 2021-22) The Society For Collegiate Education V. Dcit (Exemptions) Exemption Circle D.No. 52-14-75 Income Tax Office New Resapuvanipalem C.R. Building “Annex” Visakhapatnam – 530013 M.G. Road Andhra Pradesh Vijayawada – 520002 Andhra Pradesh [Pan: Aaatt9499E] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

disallowed the TDS credit for Rs. 1,736/-. 3. Aggrieved by the rectification order, assessee filed an appeal before Ld.CIT(A), NFAC, Delhi. Simultaneously, the Assessee also filed one more rectification petition before CPC, against the rectification order passed on 24.02.2023. Since the appeal before the Ld. CIT(A) was filed with delay of 193 days. Ld. CIT(A) dismissed

NIKHIL CONSTRUCTIONS, ,VISAKHAPATNAM vs. THE INCOME TAX OFFICER, WARD-3(2),, VISAKHAPATNAM

In the result, appeal filed by the assessee in ITA No

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

disallowed as is provided in section 40(a)(ia) and the amendment to section 40(a)(ia) being curative in nature is retrospective in operation. 6. The appellant craves leave to add to, amend, alter, modify or delete all or any of the above grounds of appeal. 7. All the above grounds of appeal are mutually exclusive and without prejudice

NIKHIL CONSTRUCTIONS, ,VISAKHAPATNAM vs. THE INCOME TAX OFFICER, WARD-3(2),, VISAKHAPATNAM

In the result, appeal filed by the assessee in ITA No

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

disallowed as is provided in section 40(a)(ia) and the amendment to section 40(a)(ia) being curative in nature is retrospective in operation. 6. The appellant craves leave to add to, amend, alter, modify or delete all or any of the above grounds of appeal. 7. All the above grounds of appeal are mutually exclusive and without prejudice

NIKHIL CONSTRUCTIONS, ,VISAKHAPATNAM vs. THE INCOME TAX OFFICER, WARD-3(2), , VISAKHAPATNAM

In the result, appeal filed by the assessee in ITA No

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

disallowed as is provided in section 40(a)(ia) and the amendment to section 40(a)(ia) being curative in nature is retrospective in operation. 6. The appellant craves leave to add to, amend, alter, modify or delete all or any of the above grounds of appeal. 7. All the above grounds of appeal are mutually exclusive and without prejudice

NIKHIL CONSTRUCTIONS,,VISAKHAPATNAM vs. THE INCOME TAX OFFICER, WARD-3(2),, VISAKHAPATNAM

In the result, appeal filed by the assessee in ITA No

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Ble

disallowed as is provided in section 40(a)(ia) and the amendment to section 40(a)(ia) being curative in nature is retrospective in operation. 6. The appellant craves leave to add to, amend, alter, modify or delete all or any of the above grounds of appeal. 7. All the above grounds of appeal are mutually exclusive and without prejudice

GVA INDUSTRIES PRIVATE LIMITED,CHHATTISGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

2% while adjudicating the appeal.\nOn the facts and circumstances of the case, the Ld. CIT(A) has not\nconsidered the gross profits shown by the appellant which is @ 1.46%.\nAny other ground that may be raised at the time of hearing of the\nappeal.\"\nGrounds raised by the revenue in ITA No. 221/VIZ/2025

GVA INDUSTRIES PRIVATE LIMITED,CHHATTISGARH vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1, VISAKHAPATNAM

2% while adjudicating the appeal.\nOn the facts and circumstances of the case, the Ld. CIT(A) has not\nconsidered the gross profits shown by the appellant which is @ 1.46%.\nAny other ground that may be raised at the time of hearing of the\nappeal.\"\nGrounds raised by the revenue in ITA No. 221/VIZ/2025

SRI LUXMI TULASI AGRO PAPERS PVT LTD,RAJAHMUNDRY vs. JOINT COMMISSIONER OF INCOME TAX, RAJAHMUNDRY RANGE, RAJAHMUNDRY

In the result, appeal filed by the assessee is partly allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.Nos.195 & 196/Viz/2023 (निर्धारण वर्ा/ Assessment Years: 2010-11 & 2012-13)) Sri Luxmi Tulasi Agro Papers (P.) Ltd., V. Joint Commissioner Of Income Tax Rajahmundry Range D.No. 25-2-20, Jayakrishnapuram Aayakar Bhavan Annexe Rajamundry – 533105 Veerabhadrapuram Andhra Pradesh Kambala Cheruvu Rajamahendravaram [Pan: Aaecs2798A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

2 I.T.A. Nos. 195 & 196/VIZ/2023 Sri Luxmi Tulasi Agro Papers (P.) Ltd., Assessing Officer by relying on the Directors Report annexed to the financial statements of the impugned assessment year disallowed the claim made by the assessee under section

SRI LUXMI TULASI AGRO PAPERS PVT LTD,RAJAHMUNDRY vs. ASSISTNT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), RAJAHMUNDRY

In the result, appeal filed by the assessee is partly allowed

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकर अपीलसं./I.T.A.Nos.195 & 196/Viz/2023 (निर्धारण वर्ा/ Assessment Years: 2010-11 & 2012-13)) Sri Luxmi Tulasi Agro Papers (P.) Ltd., V. Joint Commissioner Of Income Tax Rajahmundry Range D.No. 25-2-20, Jayakrishnapuram Aayakar Bhavan Annexe Rajamundry – 533105 Veerabhadrapuram Andhra Pradesh Kambala Cheruvu Rajamahendravaram [Pan: Aaecs2798A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent)

2 I.T.A. Nos. 195 & 196/VIZ/2023 Sri Luxmi Tulasi Agro Papers (P.) Ltd., Assessing Officer by relying on the Directors Report annexed to the financial statements of the impugned assessment year disallowed the claim made by the assessee under section

DCIT, CENTRAL CIRCLE-1, VISAKHAPATNAM vs. GVA INDUSTRIES PVT. LTD., DHAMTARI

2% while adjudicating the appeal.\nOn the facts and circumstances of the case, the Ld. CIT(A) has not\nconsidered the gross profits shown by the appellant which is @ 1.46%.\nAny other ground that may be raised at the time of hearing of the\nappeal.\"\nGrounds raised by the revenue in ITA No. 221/VIZ/2025

HINDUSTAN SHIPYARD LIMITED,VISAKHAPATNAM vs. ADDL.COMMISSIONER OF INCOME TAX, RANGE-3, VISAKHAPATNAM

In the result, appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Duvvuru Rl Reddy, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. Nos.202, 198, 199, 188, 200/Viz/2022 (धनधाारणिर्ा/ Assessment Year : 2009-10, 2011-12, 2012-13, 2013-14 & 2014-15) Asst. Commissioner Of Income Vs. M/S. Hindustan Shipyard Tax, Circle-3(1), Limited, Visakhapatnam. Visakhapatnam. Pan: Aach 4275 P (अपीलाथी/ Appellant) (प्रत्यथी/ Respondent)

195 will not apply. The Ld. AR vehemently argued that since these payments are made to various foreign shipping companies, section 194I has no application. He therefore pleaded that the Ld. AO has erred in invoking the provisions of section 194I of the Act thereby disallowing the expenditure U/s. 40(a)(ia) of the Act. Further, the Ld. AR referred