CIT v. IBC Knowledge Park (P.) Ltd.

385 ITR 346High Court2016#208 most cited

What is CIT v. IBC Knowledge Park (P.) Ltd. authority for?

A statement made by an assessee under Section 131 during search proceedings, without any corroborating incriminating material found during the search, cannot solely constitute incriminating evidence for making additions in assessments under Section 153A or 153C.

353

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2016 to 2026.

Also referred to as

CIT v. IBC Knowledge Park · IBC Knowledge Park · 385 ITR 346 · section 153A · section 153C · section 131 statement · incriminating material · search assessment · additions without evidence · completed assessments · undisclosed income

Also reported as

69 Taxmann.com 108287 CTR 261

Sections most often in play

Section 153ASection 143(3)Section 132Section 132(4)Section 153CSection 131Section 132ASection 69

Issues it is cited on

section 158bdsection 153a proceedingssection 158b(b)section 158bb(1)section 158bbsection 153(a)jdasection 153c(1)documents seizedsection 158bsection 158section 153a(1)

Judgments citing CIT v. IBC Knowledge Park (P.) Ltd.

THE PR COMMISSIONER OF INCOME TAX, vs. SHRI RAMESH RAMACHANDRA RAO,

ITA/69/2024HC Karnataka29 Jan 2026

Bench: S.G.PANDIT,K. V. ARAVIND

Section 153CSection 260Section 260A

…n the ground that the additions to a concluded assessment were not based on any material found during the course of search. In doing so, the Tribunal placed reliance on the judgment of this Court in CIT v. IBC Knowledge Park Pvt. Ltd., reported in (2016) 385 ITR 346. 4. Sri Annamalai S., learned counsel appearing for the respondent–assessee, in addition to opposing the application for condonation of delay, submits that the order passed by the Tribunal is founded on the judgment of this Court in IBC Knowledge Park Pvt. Ltd. (supra), which has attained finality. Learned counsel further submits that the…

GOPAL SHASHIDHARA,BENGALURU vs. DCIT, CENTRAL CIRCLE-1(4), BANGALORE

In the result, the appeal of the assessee is partly allowed

ITA 754/BANG/2025[2019-20]Status: DisposedITAT Bangalore08 Oct 2025AY 2019-20

Bench: Shri Waseem Ahmed & Shri Soundararajan K

For Appellant: Shri B.S Balachandran and Shri Ankur PaiFor Respondent: Shri Balusamy N, JCIT (DR)
Section 131Section 132ASection 153A

…search to prove that the assessee had undisclosed income. The AO relied only on the assessee’s statement u/s 131 of the Act, which cannot by itself be treated as incriminating evidence. The ld. AR placed reliance on: • CIT v. IBC Knowledge Park (P) Ltd (2016) 385 ITR 346 (Kar.) • CIT v. Veerprabhu Marketing Ltd (2016) 388 ITR 574 (Cal.) . ITA No.748 - 754/Bang/2025 Page 3 of 14 • PCIT v. Golden Goenka Fincorp Ltd (2023) 148 taxmann.com 313 (Calcutta) • Pr. CIT v. Best Infrastructure (P) Ltd (2017) 397 ITR 82 (Delhi) • PCIT v. Abhisar Buildwell (P) Ltd (2023) 454 ITR 212 (SC) 7. It was stressed that Hon’bl…

GOPAL SHASHIDHARA,BANGALORE vs. DCIT, CENTRAL CIRCLE-1(4), BANGALORE

In the result, the appeal of the assessee is partly allowed

ITA 753/BANG/2025[2018-19]Status: DisposedITAT Bangalore08 Oct 2025AY 2018-19

Bench: Shri Waseem Ahmed & Shri Soundararajan K

For Appellant: Shri B.S Balachandran and Shri Ankur PaiFor Respondent: Shri Balusamy N, JCIT (DR)
Section 131Section 132ASection 153A

…search to prove that the assessee had undisclosed income. The AO relied only on the assessee’s statement u/s 131 of the Act, which cannot by itself be treated as incriminating evidence. The ld. AR placed reliance on: • CIT v. IBC Knowledge Park (P) Ltd (2016) 385 ITR 346 (Kar.) • CIT v. Veerprabhu Marketing Ltd (2016) 388 ITR 574 (Cal.) . ITA No.748 - 754/Bang/2025 Page 3 of 14 • PCIT v. Golden Goenka Fincorp Ltd (2023) 148 taxmann.com 313 (Calcutta) • Pr. CIT v. Best Infrastructure (P) Ltd (2017) 397 ITR 82 (Delhi) • PCIT v. Abhisar Buildwell (P) Ltd (2023) 454 ITR 212 (SC) 7. It was stressed that Hon’bl…

GOPAL SHASHIDHARA,BANGALORE vs. DCIT, CENTRAL CIRCLE-1(4), BENGALURU

In the result, the appeal of the assessee is partly allowed

ITA 752/BANG/2025[2017-18]Status: DisposedITAT Bangalore08 Oct 2025AY 2017-18

Bench: Shri Waseem Ahmed & Shri Soundararajan K

For Appellant: Shri B.S Balachandran and Shri Ankur PaiFor Respondent: Shri Balusamy N, JCIT (DR)
Section 131Section 132ASection 153A

…search to prove that the assessee had undisclosed income. The AO relied only on the assessee’s statement u/s 131 of the Act, which cannot by itself be treated as incriminating evidence. The ld. AR placed reliance on: • CIT v. IBC Knowledge Park (P) Ltd (2016) 385 ITR 346 (Kar.) • CIT v. Veerprabhu Marketing Ltd (2016) 388 ITR 574 (Cal.) . ITA No.748 - 754/Bang/2025 Page 3 of 14 • PCIT v. Golden Goenka Fincorp Ltd (2023) 148 taxmann.com 313 (Calcutta) • Pr. CIT v. Best Infrastructure (P) Ltd (2017) 397 ITR 82 (Delhi) • PCIT v. Abhisar Buildwell (P) Ltd (2023) 454 ITR 212 (SC) 7. It was stressed that Hon’bl…

GOPAL SHASHIDHARA,BANGALORE vs. DCIT, CENTRAL CIRCLE-1(4), BANGALORE

In the result, all the appeal of the assessee are partly allowed

ITA 751/BANG/2025[2016-17]Status: DisposedITAT Bangalore08 Oct 2025AY 2016-17

Bench: Shri Waseem Ahmed & Shri Soundararajan K

Section 131Section 132ASection 153A

…search to prove that the assessee had undisclosed income. The AO relied only on the assessee's statement u/s 131 of the Act, which cannot by itself be treated as incriminating evidence. The Id. AR placed reliance on: • CIT v. IBC Knowledge Park (P) Ltd (2016) 385 ITR 346 (Kar.) • CIT v. Veerprabhu Marketing Ltd (2016) 388 ITR 574 (Cal.) • PCIT v. Golden Goenka Fincorp Ltd (2023) 148 taxmann.com 313 (Calcutta) • Pr. CIT v. Best Infrastructure (P) Ltd (2017) 397 ITR 82 (Delhi) • PCIT v. Abhisar Buildwell (P) Ltd (2023) 454 ITR 212 (SC) 7. It was stressed that Hon'ble Supreme Court in the case of Abhisar Buildwell (…

GOPAL SHASHIDHARA,BANGALORE vs. DCIT, CENTRAL CIRCLE-1(4), BENGALURU

In the result, the appeal of the assessee is partly allowed

ITA 750/BANG/2025[2015-16]Status: DisposedITAT Bangalore08 Oct 2025AY 2015-16

Bench: Shri Waseem Ahmed & Shri Soundararajan K

For Appellant: Shri B.S Balachandran and Shri Ankur PaiFor Respondent: Shri Balusamy N, JCIT (DR)
Section 131Section 132ASection 153A

…search to prove that the assessee had undisclosed income. The AO relied only on the assessee’s statement u/s 131 of the Act, which cannot by itself be treated as incriminating evidence. The ld. AR placed reliance on: • CIT v. IBC Knowledge Park (P) Ltd (2016) 385 ITR 346 (Kar.) • CIT v. Veerprabhu Marketing Ltd (2016) 388 ITR 574 (Cal.) . ITA No.748 - 754/Bang/2025 Page 3 of 14 • PCIT v. Golden Goenka Fincorp Ltd (2023) 148 taxmann.com 313 (Calcutta) • Pr. CIT v. Best Infrastructure (P) Ltd (2017) 397 ITR 82 (Delhi) • PCIT v. Abhisar Buildwell (P) Ltd (2023) 454 ITR 212 (SC) 7. It was stressed that Hon’bl…

GOPAL SHASHIDHARA,BANGALORE vs. DCIT, CENTRAL CIRCLE-1(4), BANGALAORE

In the result, the appeal of the assessee is partly allowed

ITA 749/BANG/2025[2014-15]Status: DisposedITAT Bangalore08 Oct 2025AY 2014-15

Bench: Shri Waseem Ahmed & Shri Soundararajan K

For Appellant: Shri B.S Balachandran and Shri Ankur PaiFor Respondent: Shri Balusamy N, JCIT (DR)
Section 131Section 132ASection 153A

…search to prove that the assessee had undisclosed income. The AO relied only on the assessee’s statement u/s 131 of the Act, which cannot by itself be treated as incriminating evidence. The ld. AR placed reliance on: • CIT v. IBC Knowledge Park (P) Ltd (2016) 385 ITR 346 (Kar.) • CIT v. Veerprabhu Marketing Ltd (2016) 388 ITR 574 (Cal.) . ITA No.748 - 754/Bang/2025 Page 3 of 14 • PCIT v. Golden Goenka Fincorp Ltd (2023) 148 taxmann.com 313 (Calcutta) • Pr. CIT v. Best Infrastructure (P) Ltd (2017) 397 ITR 82 (Delhi) • PCIT v. Abhisar Buildwell (P) Ltd (2023) 454 ITR 212 (SC) 7. It was stressed that Hon’bl…

GOPAL SHASHIDHARA,BANGALORE vs. DCIT, CENTRAL CIRCLE-1(4), BANGALORE

In the result, the appeal of the assessee is partly allowed

ITA 748/BANG/2025[2013-14]Status: DisposedITAT Bangalore08 Oct 2025AY 2013-14

Bench: Shri Waseem Ahmed & Shri Soundararajan K

For Appellant: Shri B.S Balachandran and Shri Ankur PaiFor Respondent: Shri Balusamy N, JCIT (DR)
Section 131Section 132ASection 153A

…search to prove that the assessee had undisclosed income. The AO relied only on the assessee’s statement u/s 131 of the Act, which cannot by itself be treated as incriminating evidence. The ld. AR placed reliance on: • CIT v. IBC Knowledge Park (P) Ltd (2016) 385 ITR 346 (Kar.) • CIT v. Veerprabhu Marketing Ltd (2016) 388 ITR 574 (Cal.) . ITA No.748 - 754/Bang/2025 Page 3 of 14 • PCIT v. Golden Goenka Fincorp Ltd (2023) 148 taxmann.com 313 (Calcutta) • Pr. CIT v. Best Infrastructure (P) Ltd (2017) 397 ITR 82 (Delhi) • PCIT v. Abhisar Buildwell (P) Ltd (2023) 454 ITR 212 (SC) 7. It was stressed that Hon’bl…

ASSISSTANT COMMISSIONER OF INCOME TAX, CHENNAI vs. BANNARIAMMAN EDUCATIONAL TRUST, COIMBATORE

ITA 3357/CHNY/2024[2020]Status: DisposedITAT Chennai14 Aug 2025
For Appellant: Mr.Vikram VijayaraghavanFor Respondent: Mr.Shiva Srinivasan, CIT/DR
Section 12ASection 132Section 133ASection 143(2)Section 153CSection 250

…{ "clean_text": "आयकर अपीलीय अधिकरण, ‘बी’ यायपीठ, चेई।\nIN THE INCOME TAX APPELLATE TRIBUNAL \n‘B’ BENCH: CHENNAI \nश्री एबी टी. वक, याियक सदएवं\nश्री जगदीश, लेखा सद के सम \nBEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI JAGADISH, ACCOUNTANT MEMBER \nआयकर अपील सं./ITA Nos.3310 to 3314/Chny/2024\nिनधारणवष/Assessment Years: 2017-18 to 2021-22 \nM/s.Bannari Amman-\nEducational Trust, \n1212, Trichy Road, \nCoimbatore-641 018. \nv. The ACIT,\nCentral Circle-3(2), \nChennai. \n[PAN: AAATB 1235 C]\n(अपीलाथ/Appellant) (यथ/Respondent)\nआयकर अपील सं./ITA Nos.3353 & 3354 to 3358/Chny/2024\nिनधारणवष/Assessment Years…

ASSISSTANT COMMISSIONER OF INCOME TAX, CHENNAI vs. BANNARIAMMAN EDUCATIONAL TRUST, COIMBATORE

ITA 3355/CHNY/2024[2018]Status: DisposedITAT Chennai14 Aug 2025
For Appellant: Mr.Vikram VijayaraghavanFor Respondent: Mr.Shiva Srinivasan, CIT/DR
Section 12ASection 132Section 133ASection 143(2)Section 153CSection 250

…{ "clean_text": "आयकर अपीलीय अिधकरण, ‘बी’ यायपीठ, चेई।\nIN THE INCOME TAX APPELLATE TRIBUNAL \n‘B’ BENCH: CHENNAI \n\n \n \nSHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI JAGADISH, ACCOUNTANT MEMBER \n\nआयकर अपील सं./ITA Nos.3310 to 3314/Chny/2024\nिनधारणवष/Assessment Years: 2017-18 to 2021-22 \nM/s.Bannari Amman- \nEducational Trust, \n1212, Trichy Road, \nCoimbatore-641 018. \nv. The ACIT, \nCentral Circle-3(2), \nChennai. \n\n[PAN: AAATB 1235 C]\n(अपीलाथ/Appellant) (यथ/Respondent)\n\nआयकर अपील सं./ITA Nos.3353 & 3354 to 3358/Chny/2024\nिनधारणवष/Assessment Years: 2015-16 & 2017-18 to 2021-22 \n&\nCross-Objec…

ASSISSTANT COMMISSIONER OF INCOME TAX, CHENNAI vs. BANNARIAMMAN EDUCATIONAL TRUST, COIMBATORE

ITA 3354/CHNY/2024[2017]Status: DisposedITAT Chennai14 Aug 2025
For Appellant: Mr.Vikram VijayaraghavanFor Respondent: Mr.Shiva Srinivasan, CIT/DR
Section 12ASection 132Section 133ASection 143(2)Section 153CSection 250

…{ "clean_text": "आयकर अपीलीय अिधकरण, ‘बी’ यायपीठ, चेई।\nIN THE INCOME TAX APPELLATE TRIBUNAL \n‘B’ BENCH: CHENNAI \n\n \nSHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI JAGADISH, ACCOUNTANT MEMBER \n\nआयकर अपील सं./ITA Nos.3310 to 3314/Chny/2024\nिनधारणवष/Assessment Years: 2017-18 to 2021-22 \n\nM/s.Bannari Amman- \nEducational Trust, \n1212, Trichy Road, \nCoimbatore-641 018. \nv. The ACIT, \nCentral Circle-3(2), \nChennai. \n\n[PAN: AAATB 1235 C]\n(अपीलाथ/Appellant) (यथ/Respondent)\n\n\nआयकर अपील सं./ITA Nos.3353 & 3354 to 3358/Chny/2024\nिनधारणवष/Assessment Years: 2015-16 & 2017-18 to 2021-22 \n&\nCross-Objec…

ASSISSTANT COMMISSIONER OF INCOME TAX, CHENNAI vs. BANNARIAMMAN EDUCATIONAL TRUST, COIMBATORE

ITA 3353/CHNY/2024[2015]Status: DisposedITAT Chennai14 Aug 2025
For Appellant: Mr.Vikram VijayaraghavanFor Respondent: Mr.Shiva Srinivasan, CIT/DR
Section 12ASection 132Section 133ASection 143(2)Section 153CSection 250

…{ "clean_text": "आयकर अपीलीय अधिकरण, ‘बी’ यायपीठ, चेई।\nIN THE INCOME TAX APPELLATE TRIBUNAL \n‘B’ BENCH: CHENNAI \nश्री एबी टी. वक, याियक सदस्य एवं\nश्री जगदीश, लेखा सदस्य के समक्ष \nBEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI JAGADISH, ACCOUNTANT MEMBER \nआयकर अपील सं./ITA Nos.3310 to 3314/Chny/2024\nिनधारणवष/Assessment Years: 2017-18 to 2021-22 \nM/s.Bannari Amman- \nEducational Trust, \n1212, Trichy Road, \nCoimbatore-641 018. \nv. The ACIT, \nCentral Circle-3(2), \nChennai. \n[PAN: AAATB 1235 C] \n(अपीलाथ/Appellant) (यथ/Respondent)\nआयकर अपील सं./ITA Nos.3353 & 3354 to 3358/Chny/2024\nिनधारणवष/Ass…

BANNARIAMMAN EDUCATIONAL TRUST,COIMBATORE vs. ACIT CENTRAL CIRCLE 3(2), CHENNAI

ITA 3314/CHNY/2024[2021-22]Status: DisposedITAT Chennai14 Aug 2025AY 2021-22
For Appellant: Mr.Vikram VijayaraghavanFor Respondent: Mr.Shiva Srinivasan, CIT/DR
Section 12ASection 132Section 133ASection 143(2)Section 153CSection 250

…{ "clean_text": "आयकर अपीलीय अिधकरण, ‘बी’ यायपीठ, चेई।\nIN THE INCOME TAX APPELLATE TRIBUNAL \n‘B’ BENCH: CHENNAI \n\n ी एबी टी. वक, ाियक सदएवं\n ी जगदीश, लेखा सद के सम \nBEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI JAGADISH, ACCOUNTANT MEMBER \n\nआयकर अपील सं./ITA Nos.3310 to 3314/Chny/2024\nिनधारणवष/Assessment Years: 2017-18 to 2021-22 \n\nM/s.Bannari Amman- \nEducational Trust, \n1212, Trichy Road, \nCoimbatore-641 018. \nv. The ACIT, \nCentral Circle-3(2), \nChennai.\n\n[PAN: AAATB 1235 C] \n(अपीलाथ/Appellant) (यथ/Respondent)\n\nआयकर अपील सं./ITA Nos.3353 & 3354 to 3358/Chny/2024\nिनधारणवष/Assessm…

BANNARIAMMAN EDUCATIONAL TRUST,COIMBATORE vs. ACIT CENTRAL CIRCLE 3(2), CHENNAI

ITA 3313/CHNY/2024[2020-21]Status: DisposedITAT Chennai14 Aug 2025AY 2020-21
For Appellant: Mr.Vikram VijayaraghavanFor Respondent: Mr.Shiva Srinivasan, CIT/DR
Section 12ASection 132Section 133ASection 143(2)Section 153CSection 250

…{ "clean_text": "आयकर अपीलीय अिधकरण, ‘बी’ यायपीठ, चेई।\nIN THE INCOME TAX APPELLATE TRIBUNAL \n‘B’ BENCH: CHENNAI \n\n \n \n \n \nBEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI JAGADISH, ACCOUNTANT MEMBER \n\n \n \n \n \nआयकर अपील सं./ITA Nos.3310 to 3314/Chny/2024 \nिनधारणवष/Assessment Years: 2017-18 to 2021-22 \n\nM/s.Bannari Amman-\nEducational Trust, \n1212, Trichy Road, \nCoimbatore-641 018. \n\nv. The ACIT,\nCentral Circle-3(2),\nChennai.\n\n[PAN: AAATB 1235 C]\n(अपीलाथ/Appellant) (यथ/Respondent)\n\nआयकर अपील सं./ITA Nos.3353 & 3354 to 3358/Chny/2024\nिनधारणवष/Assessment Years: 2015-16 & 201…

BANNARIAMMAN EDUCATIONAL TRUST,COIMBATORE vs. ACIT CENTRAL CIRCLE 3(2), CHENNAI

ITA 3311/CHNY/2024[2018-19]Status: DisposedITAT Chennai14 Aug 2025AY 2018-19
For Appellant: Mr.Vikram VijayaraghavanFor Respondent: Mr.Shiva Srinivasan, CIT/DR
Section 12ASection 132Section 133ASection 143(2)Section 153CSection 250

…{ "clean_text": "आयकर अपीलीय अधिकरण, ‘बी’ यायपीठ, चेई।\nIN THE INCOME TAX APPELLATE TRIBUNAL\n‘B’ BENCH: CHENNAI\nश्री एबी टी. वक, ाियक सदएवं\nश्री जगदीश, लेखा सद के सम\nBEFORE SHRI ABY T. VARKEY, JUDICIAL MEMBER AND\nSHRI JAGADISH, ACCOUNTANT MEMBER\nआयकर अपील सं./ITA Nos.3310 to 3314/Chny/2024\nिनधारणवष/Assessment Years: 2017-18 to 2021-22\nM/s.Bannari Amman-\nEducational Trust,\n1212, Trichy Road,\nCoimbatore-641 018.\nv. The ACIT,\nCentral Circle-3(2),\nChennai.\n[PAN: AAATB 1235 C]\n(अपीलाथ/Appellant) (यथ/Respondent)\nआयकर अपील सं./ITA Nos.3353 & 3354 to 3358/Chny/2024\nिनधारणवष/Assessment Years: 2015-16 &…

M/S. EAGLE TRADERS & LOGISTICS,BELLARY vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 2(3), BANGALORE

Accordingly, the appeals filed by the assessee are allowed in above terms

ITA 237/BANG/2020[2011-12]Status: DisposedITAT Bangalore29 May 2025AY 2011-12

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

For Appellant: Shri. Prashanth G S, CAFor Respondent: Ms. Neha Sahay, JCIT(DR)(ITAT), Bangalore
Section 132(1)(a)Section 132(2)Section 153ASection 153CSection 153DSection 292B

…of this arguments, the appellant has relied on the decision of the Apex Court in the case of PCIT vs. Abhisar Buildwell (P.) Ltd., 454 ITR 212 (SC) and the decision of the Hon’ble Karnataka High Court in the case of CIT v. IBC Knowledge Park (P.) Ltd. [(2016) 385 ITR 346], where it was held that the precondition for issuing notice under Section 153C is the existence of incriminating material that is found and seized during the course of a valid search and that such material must pertain to the assessee. It was further held that in the absence of such material, no valid proceedings under Section 153C can be initia…

M/S. EAGLE TRADERS & LOGISTICS,BELLARY vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 2(3), BANGALORE

Accordingly, the appeals filed by the assessee are allowed in above terms

ITA 236/BANG/2020[2010-11]Status: DisposedITAT Bangalore29 May 2025AY 2010-11

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

For Appellant: Shri. Prashanth G S, CAFor Respondent: Ms. Neha Sahay, JCIT(DR)(ITAT), Bangalore
Section 132(1)(a)Section 132(2)Section 153ASection 153CSection 153DSection 292B

…of this arguments, the appellant has relied on the decision of the Apex Court in the case of PCIT vs. Abhisar Buildwell (P.) Ltd., 454 ITR 212 (SC) and the decision of the Hon’ble Karnataka High Court in the case of CIT v. IBC Knowledge Park (P.) Ltd. [(2016) 385 ITR 346], where it was held that the precondition for issuing notice under Section 153C is the existence of incriminating material that is found and seized during the course of a valid search and that such material must pertain to the assessee. It was further held that in the absence of such material, no valid proceedings under Section 153C can be initia…

M/S. EAGLE TRADERS & LOGISTICS,BELLARY vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 2(3), BANGALORE

ITA 235/BANG/2020[2009-10]Status: DisposedITAT Bangalore29 May 2025AY 2009-10

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

For Appellant: Shri. Prashanth G S, CAFor Respondent: Ms. Neha Sahay, JCIT(DR)(ITAT), Bangalore
Section 132(1)(a)Section 132(2)Section 153ASection 153CSection 153DSection 292B

…of this arguments, the appellant has relied on the decision of the Apex Court in the case of PCIT vs. Abhisar Buildwell (P.) Ltd., 454 ITR 212 (SC) and the decision of the Hon'ble Karnataka High Court in the case of CIT v. IBC Knowledge Park (P.) Ltd. [(2016) 385 ITR 346], where it was held that the precondition for issuing notice under Section 153C is the existence of incriminating material that is found and seized during the course of a valid search and that such material must pertain to the assessee. It was further held that in the absence of such material, no valid proceedings under Section 153C can be initia…

M/S. EAGLE TRADERS & LOGISTICS,BELLARY vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 2(3), BANGALORE

Accordingly, the appeals filed by the assessee are allowed in above terms

ITA 234/BANG/2020[2008-09]Status: DisposedITAT Bangalore29 May 2025AY 2008-09

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

For Appellant: Shri. Prashanth G S, CAFor Respondent: Ms. Neha Sahay, JCIT(DR)(ITAT), Bangalore
Section 132(1)(a)Section 132(2)Section 153ASection 153CSection 153DSection 292B

…of this arguments, the appellant has relied on the decision of the Apex Court in the case of PCIT vs. Abhisar Buildwell (P.) Ltd., 454 ITR 212 (SC) and the decision of the Hon’ble Karnataka High Court in the case of CIT v. IBC Knowledge Park (P.) Ltd. [(2016) 385 ITR 346], where it was held that the precondition for issuing notice under Section 153C is the existence of incriminating material that is found and seized during the course of a valid search and that such material must pertain to the assessee. It was further held that in the absence of such material, no valid proceedings under Section 153C can be initia…

ACIT CIRCLE 1 & TPS, MANGALURU vs. M/S ROHAN CORPORATION INDIA PVT. LTD, MANGALURU

In the result, the appeal filed by the revenue is hereby dismissed

ITA 2330/BANG/2024[2015-16]Status: DisposedITAT Bangalore16 May 2025AY 2015-16

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

For Appellant: Smt. Sheetal Borker, AdvocateFor Respondent: Shri Subramanian, JCIT (DR)
Section 34

…IN THE INCOME TAX APPELLATE TRIBUNAL ‘B’ BENCH, BANGALORE BEFORE SHRI WASEEM AHMED, ACCOUNTANT MEMBER AND SHRI KESHAV DUBEY, JUDICIAL MEMBER ITA Nos. 2329 & 2330/Bang/2024 Assessment Years: 2014-15 & 2015-16 The Asst. Commissioner of Income Tax, Vs. M/s Rohan Corporation India Circle – 1(1) & TPS, Pvt. Ltd., 3-T-19/6(1), Mangaluru. Rohan Corporation, Near Capitanio, Pumpwell, Mangalore – 575 002. APPELLANT RESPONDENT Assessee by : Smt. Sheetal Borker, Advocate Revenue by : Shri Subramanian, JCIT (DR) Date of hearing : 13.05.2025 Date of Pronouncement : 15.05.2025 O R D E R PER Bench These appeals filed by…

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