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

x. the addition made by the learned assessing officer and confirmed by the learned Commissioner of income tax (appeals) are based clear on suspicion, surmises, conjectures and arbitrary in nature and not based on any corroborative evidence and consequently the addition made as alleged bogus purchases requires to be deleted, on the facts and circumstances of the case the additions

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

x. the addition made by the learned assessing officer and confirmed by the learned Commissioner of income tax (appeals) are based clear on suspicion, surmises, conjectures and arbitrary in nature and not based on any corroborative evidence and consequently the addition made as alleged bogus purchases requires to be deleted, on the facts and circumstances of the case the additions

M/S. BARBEQUE NATION HOSPITALITY LTD,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE-2(2), BENGALURU

In the result, appeals filed by the assessee are partly allowed

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

24 of 47 6. The learned AO completed the assessment proceedings vide orders dated 30.12.2019 passed under section 143(3) r.w.s. 153A of the Act for the A.Ys. 2013-14 to 2017-18 and under section 143(3) of the Act for the A.Y. 2018-19. The only disputed addition is the disallowance of depreciation on goodwill. 7. The appellant

M/S. BARBEQUE NATION HOSPITALITY LTD,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(2), BENGALURU

In the result, appeals filed by the assessee are partly allowed

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

24 of 47 6. The learned AO completed the assessment proceedings vide orders dated 30.12.2019 passed under section 143(3) r.w.s. 153A of the Act for the A.Ys. 2013-14 to 2017-18 and under section 143(3) of the Act for the A.Y. 2018-19. The only disputed addition is the disallowance of depreciation on goodwill. 7. The appellant

M/S. BARBEQUE NATION HOSPITALITY LTD,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), BENGALURU

In the result, appeals filed by the assessee are partly allowed

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

24 of 47 6. The learned AO completed the assessment proceedings vide orders dated 30.12.2019 passed under section 143(3) r.w.s. 153A of the Act for the A.Ys. 2013-14 to 2017-18 and under section 143(3) of the Act for the A.Y. 2018-19. The only disputed addition is the disallowance of depreciation on goodwill. 7. The appellant

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

INDEPENDENT AND PUBLIC SPIRITED MEDIA FOUNDATION ,BENGALURU vs. PRINCIPAL COMMISSIONER OF INCOME-TAX, (CENTRAL), BENGALURU

In the result appeal of the assessee is dismissed

Bench: Shri Prashant Maharishi & Shri Keshav Dubeyassessment Year : Na

x. to undertake any other initiatives or activities of any charitable nature that the trustees in fact, xi. to accept donations, whether in cash or in-kind, with or without specific directions from the donor on the manner in which the said funds or income therefrom is to be utilised for specified/1 specified the charitable purposes. Page

DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE-6(1)(1) BANGALORE, KORAMANGALA, BENGALURU vs. SHRI BOMMAI SOMMAPPA BASAVARAJ, BANGALORE

In the result, Appeal of the Revenue is dismissed and CO filed by the assessee is dismissed, as not pressed

Bench: Chandra Poojari & Shri Prakash Chand Yadav

2,90,540/-. For the AY 2010-11, the assessee filed a return of income declaring a total income of Rs. 8,38,560/-. 5.4 A search was conducted u/s 132 of Income Tax Act, 1961 (Act) in the premises of M/s. RNS Infrastructure Pvt Ltd. A computer server was seized. It is alleged that the data retrieved from

DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE-6(1)(1) BANGALORE, KORAMANGALA, BENGALURU vs. SHRI BOMMAI SOMMAPPA BASAVARAJ, BANGALORE

In the result, Appeal of the Revenue is dismissed and CO filed by the assessee is dismissed, as not pressed

Bench: Chandra Poojari & Shri Prakash Chand Yadav

2,90,540/-. For the AY 2010-11, the assessee filed a return of income declaring a total income of Rs. 8,38,560/-. 5.4 A search was conducted u/s 132 of Income Tax Act, 1961 (Act) in the premises of M/s. RNS Infrastructure Pvt Ltd. A computer server was seized. It is alleged that the data retrieved from

DCIT, CENTRAL CIRCLE-1, MANGALURU, MANGALURU vs. USK CONSTRUCTION COMPANY DP, UDUPI

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

Bench: Shri Laxmi Prasad Sahu & Shri Soundararajan K., Judciial Member Assessment Year : 2019-20

Section 144 of the Act nor provide any finding to support his claim. Therefore, without going into the technicality and following the decisions of Shri LakshmananVs ITO (supra) and considering the fact that the appellant is into construction business and also the AO has not given any reasons for adopting l0% net profit rate, I am of the considered view

MOHAMMED IBRAHIM MOHIDEEN,KERALA vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2, MANGALORE

In the result, appeal of the assessee in ITA\nNo

Bogus purchase) - Certain portion of purchases made by assessee was disallowed\n- Commissioner (Appeals) found that entire disallowance was based on third party\ninformation gathered by Investigation Wing of Department, which had not been\nindependently subjected to further verification by Assessing Officer and he had not\nprovided copy of such statements to assessee, thus, denying opportunity of cross\nexamination

M/S. SRI . ADICHUNCHANAGIRI SHILKSHANA TRUST,MANDYA vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(4), BENGALURU

In the result ITA no.1096/bang/2024 filed by assessee is partly\nallowed and ITA No

24 of the\nassessment order. During the course of search, a statement was\nrecorded of Dr. M.E. Mohan, Principal of BGS Global Institute of\nMedical Sciences who in his statement categorically shown format of\nadmission through which the agents are authorised. The Secretary of\nthe trust Sri Prakash Nath Swamy was also shown the above\nstatement and vouchers of admission

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 2(4), BENGALURU vs. SRI ADICHUNCHANAGIRI SHIKHANA TRUST, MANDYA

In the result ITA no.1096/bang/2024 filed by assessee is partly\nallowed and ITA No

24 of the\nassessment order. During the course of search, a statement was\nrecorded of Dr. M.E. Mohan, Principal of BGS Global Institute of\nMedical Sciences who in his statement categorically shown format of\nadmission through which the agents are authorised. The Secretary of\nthe trust Sri Prakash Nath Swamy was also shown the above\nstatement and vouchers of admission

M/S. VIJAYANAGAR EDUCATIONAL TRUST,BENGALURU vs. THE COMMISSIONER OF INCOME TAX (EXEMPTION), BENGALURU

In the result appeal of the assessee is allowed

Bench: Shri Prashant Maharishi & Shri Soundararajan K.Assessment Year: 2019-20

purchase of property, however, the said loan was never transferred to the trust and therefore this transaction was for the personal benefit of the trustee, hence it violates the provisions of section 13(1)(d) of the Act. The ld. The ld. CIT(E) relied on the decision of the Hon’ble Supreme Court in the case of Director

DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE, BALLARI vs. SHRI. SRIPAL DEVICHAND JAIN, KALABURAGI

In the result, the appeal by the revenue is dismissed and CO by the assessee is partly allowed

Bench: Shri George George K. & Shri Laxmi Prasad Sahuassessment Year : 2021-22

24,143 1,02,637 2,73,90 (upto 04/02/2021) However, taking into consideration the Average Sales for the Months of January and first week of February as tabulated above for the previous three F.Ys – 2017-18, 2018-19 & 2019-20, the average sales for the month of January works out to Rs. 14,63,190/- and for the first