CIT v. Dr. T. K. Dayalu

DASA SHETTY KANTHA,BANGALORE vs. ACIT CIRCLE 6(3)(1), BANGALORE, BANGALORE

Bench: Shri Waseem Ahmed & Shri Soundararajan K

…IN THE INCOME TAX APPELLATE TRIBUNAL 'A' BENCH, BANGALORE BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI SOUNDARARAJAN K, JUDICIAL MEMBER ITA No. 1926/Bang/2024 ITA No. 299/Bang/2025 Assessment Year: 2010-11 & 2013-14 Dasa Shetty Kantha, No.69, Usha Kiran Complex, Sarakki Gate, Kanakapura Main Road, Bengaluru - 560 078. Vs. The Asst. Commissioner of Income Tax, Circle - 6(3)(1) & Circle-3(2)(1), Bangalore. PAN – AIHPK 1104 A APPELLANT RESPONDENT Assessee by : Shri Hari Pd. Nayak, AR Revenue by : Shri N Balusamy, JCIT Date of hearing : 17.07.2025 Date of Pronouncement : 14.08.2025 ORDER PER WASEEM AHMED…

DASA SHETTY KANTHA,BANGALORE vs. ACIT CIRCLE 3(2)(1), BANGALORE, BANGALORE

Bench: Shri Waseem Ahmed & Shri Soundararajan K

…IN THE INCOME TAX APPELLATE TRIBUNAL 'A' BENCH, BANGALORE BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI SOUNDARARAJAN K, JUDICIAL MEMBER ITA No. 1926/Bang/2024 ITA No. 299/Bang/2025 Assessment Year: 2010-11 & 2013-14 Dasa Shetty Kantha, Vs. The Asst. Commissioner of Income Tax, No.69, Usha Kiran Complex, Sarakki Gate, Kanakapura Main Road, Bengaluru - 560 078. Circle - 6(3)(1) & Circle-3(2)(1), Bangalore. PAN – AIHPK 1104 A APPELLANT RESPONDENT Assessee by : Shri Hari Pd. Nayak, AR Revenue by : Shri N Balusamy, JCIT Date of hearing : 17.07.2025 Date of Pronouncement : 14.08.2025 ORDER PER WASEEM AHM…

NALAPAD PROPERTIES ,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOMER TAX, CENTRAL CIRCLE-2(3) , BANGALORE

…t, Title and interest in respect of the 2 Acres undivided portion of the land vested with the developer as on 17.01.2008. In this regard appellant begs place reliance on the Judgement of the Hon'ble High Court of Karnataka in the case of Dr.T.K.Dayalu v/s CIT 60 DTR 403 wherein the Hon'ble High court unambiguously held that the exigibility of capital gains tax as per section 45(1) arises in the same year of JDA and the consideration is required to be computed as per the SR value of the transferred land. The same view was also held by the Hon'ble High Court of Bombay in the case of Chaturbhuj Dwaraka Das Kapadia v…

SHRI. K V SATISH BABU [HUF],MYSURU vs. THE INCOME TAX OFFICER, WARD-2[1], MYSURU

In the result, the appeal filed by assessee stands allowed

Bench: Shri. Chandra Poojari & Smt. Beena Pillaiassessment Year : 2011-12

…IN THE INCOME TAX APPELLATE TRIBUNAL ‘A’ BENCH : BANGALORE BEFORE SHRI. CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER Assessment Year : 2011-12 Shri K.V. Satish Babu [HUF], The Income-tax 1037, K R Hospital Officer, Road, Ward – 2[1], Mysuru – 570 001. Mysuru. Vs. PAN: AAFHK3898F APPELLANT RESPONDENT : Shri V. Srinivasan, Assessee by Advocate : Shri Sankar Ganesh K, Revenue by Addl. CIT (DR) Date of Hearing : 18-05-2023 Date of Pronouncement : 25-05-2023 ORDER PER BEENA PILLAI, JUDICIAL MEMBER Present appeal is filed by assessee against order dated 05/01/2023 passed by NFAC, Delhi for…

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(3), BANGALORE vs. M/S. R. MUNIRAJU (HUF), BANGALORE

In the result, the appeal by the revenue and the CO by the assessee are dismissed

Bench: Shri George George K. & Ms. Padmavathy Sassessment Year : 2010-11

…gh Court in the case of Dr. T.K. Dayalu, & CO 2/Bang/2022 Page 6 of 27 (2011) 14 taxmann.com 120 (Kar). The relevant extract from the AO’s order is reproduced below:- “3.2. As per the Hon'ble High Court of Karnataka's decision in the case of Dr. T.K. Dayalu, 14 Taxmann.com 120 (2011) (Kar), capital gains arises at the time of execution of Joint Development Agreement, when possession of property is handed over to the Developer due to the concept of Part Performance. The judgement of the Hon'ble High Court of Bombay in the case of M/s. Chaturbhuj Dwarkadas Kapadia vs CIT (2003) 260 ITR 491 has been relied upon by…

BELLANDUR CHIKKAGURAPPA JAYARAMREDDY,BENGALURU vs. THE ASST. COMMISSIONER OF INCOME-TAX CIRCLE 4(3)(1), BENGALURU

The appeal of the assessee is allowed

Bench: Shri Chandra Poojari & Shri George George K.Assessment Year : 2014-15

…IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH : BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SHRI GEORGE GEORGE K., JUDICIAL MEMBER Assessment year : 2014-15 Bellandur Chikkagurappa Jayaramareddy, Vs. The Assistant Commissioner No.11, 1st Cross Road, of Income Tax, No.11, 1st Cross Road, Mico Layout, Circle 4(3)(1), BTM II Stage, Bengaluru. Bengaluru – 560 076. PAN: AASPJ 1621N APPELLANT RESPONDENT Appellant by : Shri S. Parthasarathi, Advocate Respondent by : Dr. Manjunath Karkihalli, CIT(DR)(ITAT), Bengaluru. Date of hearing : 24.11.2021 Date of Pronouncement : 05.01.2022 O R D E R Per Chan…

M/S. T V ALEYAS ENGINEERS PVT LTD,,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, BANGALORE

Bench: Shri. Chandra Poojari & Smt. Beena Pillaiita 1667/Bang/2017 Assessment Year : 2010-11

…IN THE INCOME TAX APPELLATE TRIBUNAL ‘C’ BENCH : BANGALORE BEFORE SHRI. CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA 1667/Bang/2017 Assessment Year : 2010-11 M/s T.V.Aleyas Engineers The Assistant Commissioner Pvt.Ltd., of Income-Tax, No.8, Nehru Main Central Circle -2, Road,St.Thomas Town Post Central Revenues Building Bengaluru-560084 Attavar, Mangalore – 575001. Vs. PAN – AACCT3104H APPELLANT RESPONDENT ITA 1360/Bang/2017 Assessment Year : 2010-11 M/s T.V.Aleyas Engineers The Deputy Commissioner Pvt.Ltd., of Income-Tax, No.8, Nehru Main Central Circle -2, Road,St.Thomas To…

THE DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2 , MANGALORE vs. M/S T V ALEYAS ENGINERS PVT LTD , BANGALORE

Bench: Shri. Chandra Poojari & Smt. Beena Pillaiita 1667/Bang/2017 Assessment Year : 2010-11

…IN THE INCOME TAX APPELLATE TRIBUNAL ‘C’ BENCH : BANGALORE BEFORE SHRI. CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER ITA 1667/Bang/2017 Assessment Year : 2010-11 M/s T.V.Aleyas Engineers The Assistant Commissioner Pvt.Ltd., of Income-Tax, No.8, Nehru Main Central Circle -2, Road,St.Thomas Town Post Central Revenues Building Bengaluru-560084 Attavar, Mangalore – 575001. Vs. PAN – AACCT3104H APPELLANT RESPONDENT ITA 1360/Bang/2017 Assessment Year : 2010-11 M/s T.V.Aleyas Engineers The Deputy Commissioner Pvt.Ltd., of Income-Tax, No.8, Nehru Main Central Circle -2, Road,St.Thomas To…

M/S JAICO AUTOMOBILE ENGINEERING COMPANY PVT LTD ,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-11(5), BANGALORE

In the result, the appeal by the assessee is dismissed

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2007-08

…IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH : BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER Assessment year: 2007-08 M/s. Jaico Automobile Engineering Vs. The Deputy Commissioner Company Pvt. Ltd., of Income Tax, 9/10, II Stage, D.K. Industrial Area, Circle 11(5), Mahadevapura, Bangalore. Bangalore – 560 048. PAN: AAACJ 5640E APPELLANT RESPONDENT Appellant by : Smt. Sheetal Borkar, Advocate Respondent by : Shri Muzaffar Hussain, CIT(DR)(ITAT), Bengaluru. Date of hearing : 08.09.2021 Date of Pronouncement : 11.10.2021 O R D E R Per Chandra Poojari, Accountan…

MR. MUSTAFA KHALEEL,BANGALORE vs. INCOME TAX OFFICER, WARD- 7(2)(2), BANGALORE

In the result, all the appeals of the assessees are treated as allowed for statistical purposes

Bench: Shri N.V. Vasudevanand Shri B.R. Baskaranassessmentyear:2014-15

…ITA No.2494 to 2496/Bang/2019 Mr. Asif Khaleel& others, Bangalore IN THE INCOME TAX APPELLATE TRIBUNAL “C’’BENCH: BANGALORE BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENTAND SHRI B.R. BASKARAN, ACCOUNTANT MEMBER AssessmentYear:2014-15 Mr. Asif Khaleel (Individual) No.70, H. Siddaiah Road Opp. Nayadegula ITO Ward-7(2)(3) Vs. Bangalore-560 027. Bangalore PAN NO :AMYPK6342N APPELLANT RESPONDENT Assessment Year: 2014-15 Mr. Ismail Khaleel (Individual) No.70, H. Siddaiah Road Opp. Nayadegula ITO Ward-7(2)(3) Vs. Bangalore-560 027. Bangalore PAN NO : AJXPK4935G APPELLANT RESPONDENT Assessment Year: 2014-15 Mr. M…

MR. ISMAIL KHALEEL,BANGALORE vs. INCOME TAX OFFICER, WARD- 7(2)(3), BANGALORE

In the result, all the appeals of the assessees are treated as allowed for statistical purposes

Bench: Shri N.V. Vasudevanand Shri B.R. Baskaranassessmentyear:2014-15

…ITA No.2494 to 2496/Bang/2019 Mr. Asif Khaleel& others, Bangalore IN THE INCOME TAX APPELLATE TRIBUNAL “C’’BENCH: BANGALORE BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENTAND SHRI B.R. BASKARAN, ACCOUNTANT MEMBER AssessmentYear:2014-15 Mr. Asif Khaleel (Individual) No.70, H. Siddaiah Road Opp. Nayadegula ITO Ward-7(2)(3) Vs. Bangalore-560 027. Bangalore PAN NO :AMYPK6342N APPELLANT RESPONDENT Assessment Year: 2014-15 Mr. Ismail Khaleel (Individual) No.70, H. Siddaiah Road Opp. Nayadegula ITO Ward-7(2)(3) Vs. Bangalore-560 027. Bangalore PAN NO : AJXPK4935G APPELLANT RESPONDENT Assessment Year: 2014-15 Mr. M…

MR. ASIF KHALEEL,BANGALORE vs. INCOME TAX OFFICER, WARD- 7(2)(3), BANGALORE

In the result, all the appeals of the assessees are treated as allowed for statistical purposes

Bench: Shri N.V. Vasudevanand Shri B.R. Baskaranassessmentyear:2014-15

…ITA No.2494 to 2496/Bang/2019 Mr. Asif Khaleel& others, Bangalore IN THE INCOME TAX APPELLATE TRIBUNAL “C’’BENCH: BANGALORE BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENTAND SHRI B.R. BASKARAN, ACCOUNTANT MEMBER AssessmentYear:2014-15 Mr. Asif Khaleel (Individual) No.70, H. Siddaiah Road Opp. Nayadegula ITO Ward-7(2)(3) Vs. Bangalore-560 027. Bangalore PAN NO :AMYPK6342N APPELLANT RESPONDENT Assessment Year: 2014-15 Mr. Ismail Khaleel (Individual) No.70, H. Siddaiah Road Opp. Nayadegula ITO Ward-7(2)(3) Vs. Bangalore-560 027. Bangalore PAN NO : AJXPK4935G APPELLANT RESPONDENT Assessment Year: 2014-15 Mr. M…

SMT. SRIDEVI,BANGALORE vs. INCOME TAX OFFICER, WARD-6(3)(3), BANGALORE

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

Bench: Shri Arun Kumar Garodia & Smt. Beena Pillaiassessment Year : 2008-09 Smt. Sridevi, No. 2395, E-Block, The Income Tax Officer, Sahakaranagar, Vs. Ward – 6 (3) (3), Bangalore – 560 092. Bangalore. Pan: Aicpr5099Q Appellant Respondent Assessee By : Shri U. Lakshmoji Rao, Ca Revenue By : Shri Palani Kumar, Addl. Cit (Dr) Date Of Hearing : 05.09.2019 Date Of Pronouncement : 11.10.2019

…IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH : BANGALORE BEFORE SHRI ARUN KUMAR GARODIA, ACCOUNTANT MEMBER AND SMT. BEENA PILLAI, JUDICIAL MEMBER Assessment Year : 2008-09 Smt. Sridevi, No. 2395, E-Block, The Income Tax Officer, Sahakaranagar, Vs. Ward – 6 (3) (3), Bangalore – 560 092. Bangalore. PAN: AICPR5099Q APPELLANT RESPONDENT Assessee by : Shri U. Lakshmoji Rao, CA Revenue by : Shri Palani Kumar, Addl. CIT (DR) Date of hearing : 05.09.2019 Date of Pronouncement : 11.10.2019 O R D E R Per Shri A.K. Garodia, Accountant Member This appeal is filed by the assessee which is directed against the order of ld.…

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-4(3)(1), BANGALORE vs. SHRI SWAROOP KUMAR N , BANGALORE

In the result, the appeals of all three assessees for Assessment Year

Bench: Shri N. V. Vasudevan & Shri Jason P. Boaz

…IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH : BANGALORE BEFORE SHRI N. V. VASUDEVAN, VICE PRESIDENT AND SHRI JASON P. BOAZ, ACCOUNTANT MEMBER ITA Nos. and APPELLANT RESPONDENT Assessment Year 499/Bang/2018 Smt. Susheela N. Reddy, The Assistant Commissioner 2008-09 Susheela Narayana Nilaya, of Income-Tax, No.13 KM, Bannerghatta Road, Circle – 4(3)(1), Bangalore – 560 076. Koramangala, BMTC Building, PAN : ABQPR 0025 F Bangalore – 560 034. 811/Bang/2018 The Assistant Commissioner Smt. Susheela N. Reddy, 2008-09 of Income-Tax, Bangalore – 560 076. Circle – 4(3)(1), PAN : ABQPR 0025 F Bangalore – 560 034. 500/Ban…

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-4(3)(1), BANGALORE vs. SHRI SHASHANK KUMAR N , BANGALORE

In the result, the appeals of all three assessees for Assessment Year

Bench: Shri N. V. Vasudevan & Shri Jason P. Boaz

…IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH : BANGALORE BEFORE SHRI N. V. VASUDEVAN, VICE PRESIDENT AND SHRI JASON P. BOAZ, ACCOUNTANT MEMBER ITA Nos. and APPELLANT RESPONDENT Assessment Year 499/Bang/2018 Smt. Susheela N. Reddy, The Assistant Commissioner 2008-09 Susheela Narayana Nilaya, of Income-Tax, No.13 KM, Bannerghatta Road, Circle – 4(3)(1), Bangalore – 560 076. Koramangala, BMTC Building, PAN : ABQPR 0025 F Bangalore – 560 034. 811/Bang/2018 The Assistant Commissioner Smt. Susheela N. Reddy, 2008-09 of Income-Tax, Bangalore – 560 076. Circle – 4(3)(1), PAN : ABQPR 0025 F Bangalore – 560 034. 500/Ban…

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-4(3)(1), BANGALORE vs. SMT SUSHEELA N REDDY , BANGALORE

In the result, the appeals of all three assessees for Assessment Year

Bench: Shri N. V. Vasudevan & Shri Jason P. Boaz

…IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH : BANGALORE BEFORE SHRI N. V. VASUDEVAN, VICE PRESIDENT AND SHRI JASON P. BOAZ, ACCOUNTANT MEMBER ITA Nos. and APPELLANT RESPONDENT Assessment Year 499/Bang/2018 Smt. Susheela N. Reddy, The Assistant Commissioner 2008-09 Susheela Narayana Nilaya, of Income-Tax, No.13 KM, Bannerghatta Road, Circle – 4(3)(1), Bangalore – 560 076. Koramangala, BMTC Building, PAN : ABQPR 0025 F Bangalore – 560 034. 811/Bang/2018 The Assistant Commissioner Smt. Susheela N. Reddy, 2008-09 of Income-Tax, Bangalore – 560 076. Circle – 4(3)(1), PAN : ABQPR 0025 F Bangalore – 560 034. 500/Ban…

SHRI.SWAROOP KUMAR ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-4(3)(1), , BANGALORE

In the result, the appeals of all three assessees for Assessment Year

Bench: Shri N. V. Vasudevan & Shri Jason P. Boaz

…IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH : BANGALORE BEFORE SHRI N. V. VASUDEVAN, VICE PRESIDENT AND SHRI JASON P. BOAZ, ACCOUNTANT MEMBER ITA Nos. and APPELLANT RESPONDENT Assessment Year 499/Bang/2018 Smt. Susheela N. Reddy, The Assistant Commissioner 2008-09 Susheela Narayana Nilaya, of Income-Tax, No.13 KM, Bannerghatta Road, Circle – 4(3)(1), Bangalore – 560 076. Koramangala, BMTC Building, PAN : ABQPR 0025 F Bangalore – 560 034. 811/Bang/2018 The Assistant Commissioner Smt. Susheela N. Reddy, 2008-09 of Income-Tax, Bangalore – 560 076. Circle – 4(3)(1), PAN : ABQPR 0025 F Bangalore – 560 034. 500/Ban…

SMT.SUSHEELA N REDDY ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-4(3)(1), BANGALORE

In the result, the appeals of all three assessees for Assessment Year

Bench: Shri N. V. Vasudevan & Shri Jason P. Boaz

…IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH : BANGALORE BEFORE SHRI N. V. VASUDEVAN, VICE PRESIDENT AND SHRI JASON P. BOAZ, ACCOUNTANT MEMBER ITA Nos. and APPELLANT RESPONDENT Assessment Year 499/Bang/2018 Smt. Susheela N. Reddy, The Assistant Commissioner 2008-09 Susheela Narayana Nilaya, of Income-Tax, No.13 KM, Bannerghatta Road, Circle – 4(3)(1), Bangalore – 560 076. Koramangala, BMTC Building, PAN : ABQPR 0025 F Bangalore – 560 034. 811/Bang/2018 The Assistant Commissioner Smt. Susheela N. Reddy, 2008-09 of Income-Tax, Bangalore – 560 076. Circle – 4(3)(1), PAN : ABQPR 0025 F Bangalore – 560 034. 500/Ban…

SRI. KEMPANNA (HUF - DISRUPTED),BANGALORE vs. DCIT, BANGALORE

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

Bench: Shri Sunil Kumar Yadav & Shri Arun Kumar Garodiaassessment Year : 2006-07

…our of the Developer during the year upon the execution of the joint development agreement dated 24/08/2005 having regard to the ratio of the decision of the Hon'ble Karnataka High Court in the case of CIT V. DR. T.K.DAYALU in ITA No.3165 of 2005 [reported in 60 DTR 403] under the facts and in the circumstances of the appellant's case. 5.1 The learned CIT[A] ought to have appreciated that following the oral Memorandum of Understanding [MOU] for joint development that was entered into on 14/12/2004 on which date the appellant received a sum of Rs.10 lakhs by cheque bearing No.414446 dated 14/12/2004 drawn on Orien…