KOTU ANASUYA (LATE),VISAKHAPATNAM vs. DCIT, VISAKHAPATNAM

In the result, appeals filed by the assessees in ITA Nos

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble

2)." 17. The words 'in relation to income which does not form part of the total income under the Act for such previous year" in the above Rule 8D(1) indicates a correlation between the exempt income earned in the AY and the expenditure incurred to earn it. In other words, the expenditure as claimed by the Assessee

INCOMETAX OFFICER, WARD-3(1), VISAKHAPATNAM vs. SURENDRA NATH GUBBALA, VISAKHAPATNAM

Bench: Us:

section 48 of the I.T. Act, 1961, the income chargeable under the head “Capital Gains” shall be computed by deducting from the full value of the consideration received or accruing as a result of the transfer of the capital asset, the following amounts, namely (i) Expenditure incurred wholly and exclusively in connection with such a transfer; (ii) The cost

G M CONSTRUCTIONS,,VISAKHAPATNAM vs. CIT, VISAKHAPATNAM

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकर अपील सं./I.T.A.No.508/Viz/2017 (ननधधारण वर्ा/Assessment Year : 2012-13) M/S G.M.Constructions Vs. Commissioner Of Income Tax C/O Sunil Kumar Gautam Visakhapatnam 18-36-1, Kothasalipeta Maharanipeta Visakhapatnam [Pan : Aakfg5978M] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओर से/ Appellant By : Shri G.V.N.Hari, Ar प्रत्यधथी की ओर से / Respondent By : Shri D.K.Sonowal, Cit Dr सुनवधई की तधरीख / Date Of Hearing : 13.06.2019 घोर्णध की तधरीख/Date Of Pronouncement : 03.07.2019 आदेश /O R D E R

disallowed the sum of Rs.16 lakhs u/s 40A(3) of the Act. The AO also examined the deductability of tax u/s 195 of the Act in case of landlords and observed that the cash payments of Rs.42 lakhs made without deduction of TDS attracts the provisions of section 195 and section 40(a)(ia) of the Act, accordingly assessed

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,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

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), , GUNTUR vs. NSL TEXTILES LIMITED,, GUNTUR

In the result, appeals filed by the Revenue are allowed for statistical purposes and the cross objections filed by the assessee are dismissed

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble

195 of the IT Act held that sum paid to non- resident for canvassing business abroad is not taxable in India even after amendment to section 9(2) by Finance Act, 2010. The relevant para of the order is as under: 7 ITA Nos.541-543/VIZ/2018 C.O.No. 11-13/VIZ/2019 (M/s. NSL Textiles Ltd.) "7. We have perused the orders and heard

THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1), , GUNTUR vs. NSL TEXTILES LIMITED, GUNTUR

In the result, appeals filed by the Revenue are allowed for statistical purposes and the cross objections filed by the assessee are dismissed

Bench: Shri V. Durga Rao, Hon’Ble & Shri D.S. Sunder Singh, Hon’Ble

195 of the IT Act held that sum paid to non- resident for canvassing business abroad is not taxable in India even after amendment to section 9(2) by Finance Act, 2010. The relevant para of the order is as under: 7 ITA Nos.541-543/VIZ/2018 C.O.No. 11-13/VIZ/2019 (M/s. NSL Textiles Ltd.) "7. We have perused the orders and heard

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

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

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