M/S. SPR SPIRITS PRIVATE LIMITED (FORMERLY KNOWN AS SPR GROUP HOLDINGS PRIVATE LIMITED),BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(3), BANGALORE

In the result, the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

142 2008-09 -- 15,41,29,110 2009-10 42,14,810 3,42,92,609 2010-11 4,22,50,000 -- 2011-12 2,17,78,75 -- It is material to note that all these purchases are genuine and payments have all been made by account payee cheques as and when due. Neither Mr.Manjunath nor Mrs. Sushilamma

M/S. SPR SPIRITS PRIVATE LIMITED (FORMERLY KNOWN AS SPR GROUP HOLDINGS PRIVATE LIMITED),BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(3), BANGALORE

In the result, the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

142 2008-09 -- 15,41,29,110 2009-10 42,14,810 3,42,92,609 2010-11 4,22,50,000 -- 2011-12 2,17,78,75 -- It is material to note that all these purchases are genuine and payments have all been made by account payee cheques as and when due. Neither Mr.Manjunath nor Mrs. Sushilamma

DCIT, CENTRAL CIRCLE-1(3), BAENGALURU vs. LATE SHRI MAHABIR PRASAD(LEGAL HEIR MS. PARUL KANSARIA), BENGALURU

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

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

section 142 of the Act was issued on 3/3/2022 addressed to all legal heirs jointly. 10. In the notice, ld AO asked that (i) during search at the residence of the assessee certain paper sheets and images in mobile were found and seized which revealed that certain cash transactions were done which were not recorded in the books of accounts

LATE SHRI MAHABIR PRASAD(LEGAL HEIR MS. PARUL KANSARIA),BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(3) , BENGALURU

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

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

section 142 of the Act was issued on 3/3/2022 addressed to all legal heirs jointly. 10. In the notice, ld AO asked that (i) during search at the residence of the assessee certain paper sheets and images in mobile were found and seized which revealed that certain cash transactions were done which were not recorded in the books of accounts

LATE SHRI MAHABIR PRASAD(LEGAL HEIR MS. PARUL KANSARIA),BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3) , BENGALURU

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

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

section 142 of the Act was issued on 3/3/2022 addressed to all legal heirs jointly. 10. In the notice, ld AO asked that (i) during search at the residence of the assessee certain paper sheets and images in mobile were found and seized which revealed that certain cash transactions were done which were not recorded in the books of accounts

LATE SHRI MAHABIR PRASAD(LEGAL HEIR MS. PARUL KANSARIA),BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3), BENGALURU

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

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

section 142 of the Act was issued on 3/3/2022 addressed to all legal heirs jointly. 10. In the notice, ld AO asked that (i) during search at the residence of the assessee certain paper sheets and images in mobile were found and seized which revealed that certain cash transactions were done which were not recorded in the books of accounts

DCIT, CENTRAL CIRCLE-1(3), BENGALURU vs. LATE SHRI MAHABIR PRASAD (LEGAL HEIR MS. PARUL KANSARIA), BENGALURU

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

section 142 of the Act was issued on\n3/3/2022 addressed to all legal heirs jointly.\n10.\nIn the notice, Id AO asked that\n(i)\nduring search at the residence of the assessee certain paper\nsheets and images in mobile were found and seized which\nrevealed that certain cash transactions were done which were\nnot recorded in the books

GAUGE 16 KITCHEN EQUIPMENTS,BANGALORE vs. INCOME TAX OFFICER WARD 5(2)(4), BANGALORE

In the result, appeal of the assessee is allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubeyassessment Year : 2018-19

142(1) of the Act was issued calling for various details along with the questionnaire. The assessee firm submitted its reply through e-filing portal. 3.1 Background of the case is that information was received through Regional Economic Intelligence Committee Gauge 16 Kitchen Equipments, Bangalore Page 3 of 8 (REIC) forum from one of the member agency of REIC

ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1,MANGALORE, MANGALORE vs. RAJ DIAMONDS, MUMBAI

In the result the appeal of the Revenue is dismissed &

Bench: Shri Prashant Maharishi & Shri Keshav Dubeyassessment Year : 2018-19

section Date of Notice 1 148A(b) 10/03/2022 2 148A(d) 23/03/2022 3 148 23/03/2022 4 129 01/07/2022 5 143(2)* No valid Return filed by the assessee 6 142(1) 17/11/2022 7 Show Cause Notice 18/03/2023 The claim of the AO is that the assessee did not file any return of income in response to notice

M/S. MALOO CONSTRUCTIONS(INDIA)PRIVATE LIMITED,BENGALURU vs. DCIT, CIRCLE-4(1)(1), BENGALURU

In the result, appeal of the assessee is allowed

sections": ["143(2)", "142(1)", "250", "132", "143(3)"], "issues": "Whether the disallowance of purchases as bogus, based on third

INTACT DEVELOPERS PRIVATE LIMITED,BANGALORE vs. DCIT, CENTRAL CIRCLE-1(2), BANGALORE

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

purchase of Rs. 29,39,002, contract charges of Rs. 2,61,33,838/-. By adding these amounts into opening WIP of Rs.3,18,87,396/-, a part of the amount of Rs.1,98,43,933/- was transferred into construction account. For this one engineer certificate was submitted. The verification carried out during the survey had revealed a finding that

INTACT DEVELOPERS PRIVATE LIMITED ,BANGALORE vs. DCIT, CENTRAL CIRCLE-1(2), BANGALORE

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

purchase of Rs. 29,39,002, contract charges of Rs. 2,61,33,838/-. By adding these amounts into opening WIP of Rs.3,18,87,396/-, a part of the amount of Rs.1,98,43,933/- was transferred into construction account. For this one engineer certificate was submitted. The verification carried out during the survey had revealed a finding that

MKH INFRASTRUCTURE,KERALA vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, MANGALORE

In the result, appeals of the assessee in ITA Nos

142(1) on 28.08.2019 and pre-assessment notice\non 11.10.2019. In response to the pre-assessment notices, the\nappellant submitted that the cash payments had been made by the\npartners of the firm and that the same had been duly accounted\nfor. The AO issued notice on 18.11.2019 requiring the appellant to\nproduce the partners, to furnish the date-wise

AKSHAY KUMAR RUNGTA,BANGALORE vs. INCOME TAX OFFICER, WARD 2(1), INTERNATIONAL TAXATION

In the result, appeal filed by the assessee is allowed as per above terms

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubeyit(It)A No.66/Bang/2024 Assessment Year :2015-16

purchase of shares of Mahaveer Advanced Rem for Rs.10,60,000/- on the facts and circumstances of the case. b. The authorities below have failed to appreciate that the provisions of section 69A of the Act is not mandatory but discretionary in nature on the facts and circumstances of the case. b. The authorities below have failed to appreciate that

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

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

section 142(1) of the Act dated 04.03.2013 was issued to the assessee. The assessee was asked to furnish substantiating evidence of the persons from whom the undersigned purchase is claimed to have been made by producing the following documents. 1. Full and true disclosure of the parties along with their PANs from whom the unregistered iron ore is claimed

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

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

section 142(1) of the Act dated 04.03.2013 was issued to the assessee. The assessee was asked to furnish substantiating evidence of the persons from whom the undersigned purchase is claimed to have been made by producing the following documents. 1. Full and true disclosure of the parties along with their PANs from whom the unregistered iron ore is claimed

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

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

section 142(1) of the Act dated 04.03.2013 was issued to the assessee. The assessee was asked to furnish substantiating evidence of the persons from whom the undersigned purchase is claimed to have been made by producing the following documents. 1. Full and true disclosure of the parties along with their PANs from whom the unregistered iron ore is claimed

SWAMY HOLAGUNDI,HUVINA HADAGALI vs. INCOME TAX OFFICER, WARD-1 & TPS, HOSPET

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

Bench: Shri Waseem Ahmed & Shri Keshav Dubeyassessment Year : 2018-19 Swamy Holagundi Prop: Raviteja Traders 7C/10, 3Rd Ward Ito Bangarappanagar Vs. Ward-1 & Tps Karnataka 583 219 Hospet Pan: Dwjps7047P Appellant Respondent Appellant By : Sri V. Srinivasan, Advocate, A.R Respondent By : Sri Subramanian S., Jcit D.R. Date Of Hearing : 08.05.2025 Date Of Pronouncement : 05.08.2025 O R D E R Per Keshav Dubey: This Appeal At The Instance Of The Assessee Is Directed Against The Order Of The Ld. Cit(A)/Nfac Dated 19.07.2024Vide Din & Order No. Itba/Nfac/S/250/2-24-25/1066829871(1) Passed U/S.250 Of The Income Tax Act, 1961 (In Short “The Act”) For The Assessment Year 2018-19. 2. The Assessee Has Raised The Following Grounds Of Appeal: -

142(1) of the Act & therefore the assessee has not been able to substantiate the Swamy Holagundi Page 4 of 10 expenditure that is made on purchases from Sri Sai Baba Rice Industries (Proprietor- Neelima Santosh Purohit). In response to SCN, the assessee has provided only ledger accounts of purchases / sales and bank accounts which in the opinion