GVK POWER & INFRASTRUCTURE LIMITED,KADIYAM vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1),, RAJAHMUNDRY

In the result, appeal of the assessee is allowed

Bench: Shri V. Durga Rao& Shri D.S. Sunder Singhआयकरअपीलसं./I.T.A.No.553/Viz/2018 (ननधधारण वर्ा/Assessment Year:2014-15) M/S Gvk Power & Infrastructure Ltd. Vs. Asst.Commissioner Of D.No.5-48, Gvk Power Plant Income Tax Jegurupadu, Kadiyammandal Circle-2(1) East Godavari Rajamahendravaram [Pan :Aaacj5599A] (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलधथी की ओ रसे/ 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 : 21.03.2019 घोर्णध की तधरीख/Date Of Pronouncement : 03.04.2019

254 ITR 37 (Del.) (3) CIT V. Bharti Televentures Ltd. : 331 ITR 502 (Del.) 4. Under section 36(1)(iii) the following conditions are required to be satisfied before the assessee can successfully claim deduction in respect of interest paid : (a) The assessee should have borrowed capital; (b) The borrowing of the capital should be for the purpose

PADMAVATHI GURUVU,SRIKAKULAM vs. INCOME-TAX OFFICER, WARD-2, SRIKAKULAM

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

Bench: Shri Vijay Pal Rao, Hon’Ble & Shri S Balakrishnan, Hon’Bleआयकरअपीलसं./ I.T.A. No.227/Viz/2024 (धनिाारणिर्ा/ Assessment Year : 2017-18) Padmavathi Guruvu, Vs. Income Tax Officer, Srikakulam. Ward-2, Pan: Abopg1523D Srikakulam. (अपीलार्थी/ Appellant) (प्रत्यर्थी/ Respondent) अपीलार्थीकीओरसे/ Assessee By : Shri I. Kama Sastry, Ca प्रत्यार्थीकीओरसे/ Revenue By : Dr. Aparna Villuri, Sr. Ar

68 of the Act. 3. The appellant craves leave to add to, alter, modify, delete any of the above grounds of appeal.” 4. Ground No.3 is general in nature and needs no adjudication. 5. Ground No. 1 relates to addition of Rs. 18,10,000/- by allowing a marginal relief of Rs. 7 lakhs

THE ACIT, CIRCLE - 1,, RAJAHMUNDRY vs. THE ANDHRA PRADESH PAPER MILLS LTD.,, HYDERABAD

In the result, appeals filed by the Revenue are partly allowed and the cross objections filed by the assessee are partly allowed

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

68 and that in AIR 1962 SC 29. 7.12 In Websters dictionary, steam is defined as energy. Websters Abridged Dictionary defined it as power or energy. Oxford English Dictionary went a step further in defining steam as mechanical or electrical energy or any form Of energy or force available for application to work (as that of gravitation, running, wind, steam

THE ACIT, CIRCLE - 1,, RAJAHMUNDRY vs. THE ANDHRA PRADESH PAPER MILLS LTD.,, HYDERABAD

In the result, appeals filed by the Revenue are partly allowed and the cross objections filed by the assessee are partly allowed

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

68 and that in AIR 1962 SC 29. 7.12 In Websters dictionary, steam is defined as energy. Websters Abridged Dictionary defined it as power or energy. Oxford English Dictionary went a step further in defining steam as mechanical or electrical energy or any form Of energy or force available for application to work (as that of gravitation, running, wind, steam

THE ACIT, CIRCLE - 1,, RAJAHMUNDRY vs. THE ANDHRA PRADESH PAPER MILLS LTD.,, HYDERABAD

In the result, appeals filed by the Revenue are partly allowed and the cross objections filed by the assessee are partly allowed

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

68 and that in AIR 1962 SC 29. 7.12 In Websters dictionary, steam is defined as energy. Websters Abridged Dictionary defined it as power or energy. Oxford English Dictionary went a step further in defining steam as mechanical or electrical energy or any form Of energy or force available for application to work (as that of gravitation, running, wind, steam

THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, , VISAKHAPATNAM vs. SRI VIJAYA VISAKHA MILK PRODUCERS COMPANY LIMITED, VISAKHAPATNAM

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

68,28,94,283/-, the amount claimed as expenditure which is capitalized. The AO was of the view that the amounts not actually paid but debited to profit & loss account only to be capitalized and thus he opined that the assessee’s case is a clear case of employing a device to increase its capital without paying taxes