AMRUTHA CONSTRUCTIONS PRIVATE LIMITED,SANJAYANAGAR vs. DCIT CENTRAL CIRCLE 2(2) , BANGALORE

In the result appeal of the Revenue is partly allowed

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

201 of the folder A/PVR/132/01 and loose sheet Nos. 291 to 296 of the folder . ITA No.978, 1190 & CO No.24/Bang/2024 Page 8 of 68 A/PVR/132/01 reveals that MD Shri PV Rao has purchased the gold of Rs. 4,85,000/- from the company accounts and also given gift to the various persons and payment of the same made from company

INCOME TAX OFFICER, WARD-1, SHIVAMOGGA, SHIVAMOGGA vs. SUVARNA, SHIVAMOGGA

In the result, the appeal of the revenue is allowed for statistical purposes

Bench: Shri Laxmi Prasad Sahu & Shri Prakash Chand Yadavassessment Year : 2021-22

201. PAN: HCDPS 6641R APPELLANT RESPONDENT Appellant by : Shri C. Ramesh, CA Respondent by : Shri E. Sridhar, CIT(DR)(ITAT), Bengaluru. Date of hearing : 20.01.2025 Date of Pronouncement : 27.01.2025 O R D E R Per Prakash Chand Yadav, Judicial Member The present appeal of the revenue is arising out of the order of the ld. CIT(Appeals), National Faceless Appeal

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

Bench: Shri Prashant Maharishi & Shri Soundararajan K.

201. The seized material A/DUU/14 is digital data. According to the AO, it shows unaccounted capital receipts received in cash from Management/NRI quota students utilized for payment to political parties as per instruction of Page 59 of 127 ITA Nos.1096 & 1207/Bang/2024 Mr. G.H. Nagaraj. These digital data are used by the AO without providing any opportunity of cross-examination

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

Bench: Shri Prashant Maharishi & Shri Soundararajan K.

201. The seized material A/DUU/14 is digital data. According to the AO, it shows unaccounted capital receipts received in cash from Management/NRI quota students utilized for payment to political parties as per instruction of Mr. G.H. Nagaraj. These digital data are used by the AO without providing any opportunity of cross-examination of Mr. Srinivas. There is no evidence

M/S. DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. PRINCIPAL COMMISSIONER OF INCOME TAX (CENTRAL), BANGALORE

In the result, appeal filed by the assessee is allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: Na

201. The seized material A/DUU/14 is digital data. According to the AO, it shows unaccounted capital receipts received in cash from Management/NRI quota students utilized for payment to political parties as per instruction of Mr. G.H. Nagaraj. These digital data are used by the AO without providing any opportunity of cross- examination of Mr. Srinivas. There is no evidence

LAXMIPAT DUDHERIA ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, all the four appeals filed by the assessee are allowed

Bench: Shri Arun Kumar Garodia & Shri Pavan Kumar Gadale

201/-. The assessee also earned exempt Long term capital gains of Rs.16,27,57,903/-. During the regular assessment proceedings the bank statements, property wise rental details, details of income from other sources, confirmation of accounts from parties relating to unsecured loans, statement of computation of capital gains along with contract notes, details of income from profession and bank account

LAXMIPAT DUDHERIA ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, all the four appeals filed by the assessee are allowed

Bench: Shri Arun Kumar Garodia & Shri Pavan Kumar Gadale

201/-. The assessee also earned exempt Long term capital gains of Rs.16,27,57,903/-. During the regular assessment proceedings the bank statements, property wise rental details, details of income from other sources, confirmation of accounts from parties relating to unsecured loans, statement of computation of capital gains along with contract notes, details of income from profession and bank account

LAXMIPAT DUDHERIA ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, all the four appeals filed by the assessee are allowed

Bench: Shri Arun Kumar Garodia & Shri Pavan Kumar Gadale

201/-. The assessee also earned exempt Long term capital gains of Rs.16,27,57,903/-. During the regular assessment proceedings the bank statements, property wise rental details, details of income from other sources, confirmation of accounts from parties relating to unsecured loans, statement of computation of capital gains along with contract notes, details of income from profession and bank account

LAXMIPAT DUDHERIA,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, all the four appeals filed by the assessee are allowed

Bench: Shri Arun Kumar Garodia & Shri Pavan Kumar Gadale

201/-. The assessee also earned exempt Long term capital gains of Rs.16,27,57,903/-. During the regular assessment proceedings the bank statements, property wise rental details, details of income from other sources, confirmation of accounts from parties relating to unsecured loans, statement of computation of capital gains along with contract notes, details of income from profession and bank account

THE HAMLET,BANGALORE vs. THE INCOME-TAX OFFICER-WARD-6(2)(4), BANGALORE

In the result, the appeal filed by the assessee stands partly allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year : 2012-13 M/S. The Hamlet, No. 11, Kemwell House, The Income Tax Tumkur Road, Officer, Yeshwanthpur, Ward – 6(2)(4), Bangalore – 560 022. Bangalore. Vs. Pan: Aaaft6690D Appellant Respondent Assessee By : Shri H.N. Kincha, Ca : Shri D.K. Mishra, Cit - Revenue By Dr Date Of Hearing : 24-08-2023 Date Of Pronouncement : 16-11-2023 Order Per Beena Pillaipresent Appeal Arises Out Of The Order Dated 27.12.2022 Passed By The Nfac, Delhi For A.Y. 2012-13 On Following Grounds Of Appeal: “1. The Learned Commissioner Of Income Tax (Appeals) Has Erred In Passing The Appellate Order In The Manner Passed. The Appellate Order As Passed Is Bad In Law & Is Liable To Be Quashed. 2. In Any Case, The Learned Commissioner Of Income Tax (Appeals) Has Erred In Confirming The Assessment Order Passed By The Learned Assessing Officer. On The Facts & Circumstances Of The Case, The Learned Commissioner Of Income Tax (Appeals) Should Have Quashed, The Order Passed By Assessing Officer Or Atleast Should Have Deleted The Additions Made By The Assessing Officer.

bogus Page 12 of 52 M/s. The Hamlet, Bangalore share capital/bogus share premium, which was used for routing funds through web of bank transactions. The Ld.AR submitted that, based on a borrowed satisfaction, the Ld.AO also doubted the sale of shares by assessee that another two companies by the name M/s. Swift Residency Pvt. Ltd. and M/s. Rootstart Builders

GANGOTHRI VENTURES,BANGALORE vs. INCOME-TAX OFFICER, WARD-5(2)(1), BANGALORE

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

Bench: Shri Chandra Poojari & Smt. Madhumita Royassessment Year: 2018-19

Purchase of immovable property Rs.7,26,32,800/- Rs.8,44,24,940/- Gross alleged escapement of Income. 3.2 He submitted that the Assessee in response to the show cause notice has filed the submissions on 14.12.2022, 21.12.2022, 24.12.2022, 21.01.2023 and 13.02.2023. However, the NFAC has not appreciated the submissions and documents furnished and ultimately it was held that the Assessee

M/S AVESTAGENOME PROJECTS INTERNATIONAL PVT LTD ,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX(TDS) CIRCLE-16(1),, BANGALORE

In the result, ITA No. 428/Bang/2018 is allowed, while ITA

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

bogus for the following reasons: a) As per the Agreement the Assessee has to reimburse Avasthagen Ltd., such amount as is inclusive of the cost incurred, within 15 days of the date of invoice and the invoices shall be raised at the end of each calendar quarter. Therefore the sequence of events must be first raising invoice and then making

INCOME TAX OFFICER, W-1, HASSAN vs. RAMACHANDRA SETTY & SONS, HASSAN

In the result, appeal of the assessee in ITA

Bench: Shri Chandra Poojari & Shri Keshav Dubey

201 Hassan PAN NO : AAEFS4881R APPELLANT RESPONDENT Assessee by : Shri C. Ramesh, A.R. Revenue by : Ms. Neera Malhotra, D.R. Date of Hearing : 15.05.2024 Date of Pronouncement : 10.06.2024 ITA Nos.1156 & 1163 to 1166/Bang/2023 M/s. S. Ramachandra Setty & Sons, Hassan Page 2 of 104 O R D E R PER CHANDRA POOJARI, ACCOUNTANT MEMBER: ITA Nos.1163 to 1165/Bang/2023 filed by the revenue

INCOME TAX OFFICER WARD-1 HASSAN, HASSAN vs. RAMACHANDRA SETTY AND SONGS, HASSAN

In the result, appeal of the assessee in ITA

Bench: Shri Chandra Poojari & Shri Keshav Dubey

201 Hassan PAN NO : AAEFS4881R APPELLANT RESPONDENT Assessee by : Shri C. Ramesh, A.R. Revenue by : Ms. Neera Malhotra, D.R. Date of Hearing : 15.05.2024 Date of Pronouncement : 10.06.2024 ITA Nos.1156 & 1163 to 1166/Bang/2023 M/s. S. Ramachandra Setty & Sons, Hassan Page 2 of 104 O R D E R PER CHANDRA POOJARI, ACCOUNTANT MEMBER: ITA Nos.1163 to 1165/Bang/2023 filed by the revenue

M/S. S. RAMASHANDRA SETTY & SONS,HASSAN vs. INCOME TAX OFFICER, WARD-1 , HASSAN

In the result, appeal of the assessee in ITA

Bench: Shri Chandra Poojari & Shri Keshav Dubey

201 Hassan PAN NO : AAEFS4881R APPELLANT RESPONDENT Assessee by : Shri C. Ramesh, A.R. Revenue by : Ms. Neera Malhotra, D.R. Date of Hearing : 15.05.2024 Date of Pronouncement : 10.06.2024 ITA Nos.1156 & 1163 to 1166/Bang/2023 M/s. S. Ramachandra Setty & Sons, Hassan Page 2 of 104 O R D E R PER CHANDRA POOJARI, ACCOUNTANT MEMBER: ITA Nos.1163 to 1165/Bang/2023 filed by the revenue

INCOME TAX OFFICER, W-1, VIJAYANAGAR vs. RAMACHANDRA SETTY AND SONS, HASSAN

In the result, appeal of the assessee in ITA

Bench: Shri Chandra Poojari & Shri Keshav Dubey

201 Hassan PAN NO : AAEFS4881R APPELLANT RESPONDENT Assessee by : Shri C. Ramesh, A.R. Revenue by : Ms. Neera Malhotra, D.R. Date of Hearing : 15.05.2024 Date of Pronouncement : 10.06.2024 ITA Nos.1156 & 1163 to 1166/Bang/2023 M/s. S. Ramachandra Setty & Sons, Hassan Page 2 of 104 O R D E R PER CHANDRA POOJARI, ACCOUNTANT MEMBER: ITA Nos.1163 to 1165/Bang/2023 filed by the revenue

INCOME TAX OFFICER W 1, HASSAN vs. RAMACHANDRA SETTY AND SONS, HASSAN

In the result, appeal of the assessee in ITA

Bench: Shri Chandra Poojari & Shri Keshav Dubey

201 Hassan PAN NO : AAEFS4881R APPELLANT RESPONDENT Assessee by : Shri C. Ramesh, A.R. Revenue by : Ms. Neera Malhotra, D.R. Date of Hearing : 15.05.2024 Date of Pronouncement : 10.06.2024 ITA Nos.1156 & 1163 to 1166/Bang/2023 M/s. S. Ramachandra Setty & Sons, Hassan Page 2 of 104 O R D E R PER CHANDRA POOJARI, ACCOUNTANT MEMBER: ITA Nos.1163 to 1165/Bang/2023 filed by the revenue

SIDDARTH BOHRA ( HUF) ,BANGALORE vs. INCOME TAX OFFICER WARD-2(2)(1), BANGALORE

In the result, the appeal filed by the assessee is allowed in the terms indicated above

Bench: Shri Arun Kumar Garodiaassessment Year : 2008-09 Shri Siddarth Bohra [Huf], # 44, Flat No. 201, The Income Tax 2Nd Cross, 7Th Main Road, Officer, Vs. Srirampuram, Ward – 2 [2] [1], Bangalore – 560 021. Bangalore. Pan: Aarhs4202B Appellant Respondent Assessee By : Shri Narendra Sharma, Advocate : Shri Ganesh R. Ghale, Standing Revenue By Counsel For Dept. Date Of Hearing : 25.09.2019 Date Of Pronouncement : 11.10.2019

201, The Income Tax 2nd Cross, 7th Main Road, Officer, Vs. Srirampuram, Ward – 2 [2] [1], Bangalore – 560 021. Bangalore. PAN: AARHS4202B APPELLANT RESPONDENT Assessee by : Shri Narendra Sharma, Advocate : Shri Ganesh R. Ghale, Standing Revenue by counsel for Dept. Date of hearing : 25.09.2019 Date of Pronouncement : 11.10.2019 O R D E R Per Shri A.K. Garodia, Accountant Member This