ACIT, GULBARGA vs. M/S. JUPITER BIOSCIENCE LTD.,, BIDAR

In the result, appeal by the revenue is partly allowed

Bench: Shri N.V. Vasudevanand Shri B. R. Baskaran

section allows deduction on account of revenue expenditure incurred in Scientific Research while Sec.35(2)(ia) of the Act allows deduction on account of capital expenditure. The AO also disallowed depreciation claimed on said assets which were claimed to have been addition to the fixed assets to the extent of Rs.16,20,85,711/- during the relevant previous year

DCIT, GULBARGA vs. M/S JUPITER BIOSCIENCE LTD.,, BIDAR

In the result, appeal by the revenue is partly allowed

Bench: Shri N.V. Vasudevanand Shri B. R. Baskaran

section allows deduction on account of revenue expenditure incurred in Scientific Research while Sec.35(2)(ia) of the Act allows deduction on account of capital expenditure. The AO also disallowed depreciation claimed on said assets which were claimed to have been addition to the fixed assets to the extent of Rs.16,20,85,711/- during the relevant previous year

DCIT, GULBARGA vs. M/S JUPITERBIOSCIENCE LTD.,, BIDAR

In the result, appeal by the revenue is partly allowed

Bench: Shri N.V. Vasudevanand Shri B. R. Baskaran

section allows deduction on account of revenue expenditure incurred in Scientific Research while Sec.35(2)(ia) of the Act allows deduction on account of capital expenditure. The AO also disallowed depreciation claimed on said assets which were claimed to have been addition to the fixed assets to the extent of Rs.16,20,85,711/- during the relevant previous year

DCIT, GULBARGA vs. M/S JUPITER BIOSCIENCE LTD.,, BIDAR

In the result, appeal by the revenue is partly allowed

Bench: Shri N.V. Vasudevanand Shri B. R. Baskaran

section allows deduction on account of revenue expenditure incurred in Scientific Research while Sec.35(2)(ia) of the Act allows deduction on account of capital expenditure. The AO also disallowed depreciation claimed on said assets which were claimed to have been addition to the fixed assets to the extent of Rs.16,20,85,711/- during the relevant previous year

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

bogus entry and it is proved beyond reasonable doubt that it is only an adjustment entry to reduce the profits as per books by inflating expenditure and reducing tax liability thereon. In the light of the above, the assessee was further asked to substantiate why section 40A(3) of the Act should not be invoked in the assessee’s case

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

bogus entry and it is proved beyond reasonable doubt that it is only an adjustment entry to reduce the profits as per books by inflating expenditure and reducing tax liability thereon. In the light of the above, the assessee was further asked to substantiate why section 40A(3) of the Act should not be invoked in the assessee’s case

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

bogus entry and it is proved beyond reasonable doubt that it is only an adjustment entry to reduce the profits as per books by inflating expenditure and reducing tax liability thereon. In the light of the above, the assessee was further asked to substantiate why section 40A(3) of the Act should not be invoked in the assessee’s case

S R CONSTRUCTIONS,BANGALORE vs. DCIT, CENTRAL CIRCLE-2(2), BANGALORE

purchase\npeace and avoid any protracted litigation. Hence, while filing the return\nof income u/s_153A for AY 15-16 and AY 16-17, certain additional\nincome came to be disclosed. The following is the original income\ndeclared, and the additional income declared for AY 15-16 and AY 16-\n17 (returns are placed in pages 134-195 of the paper

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

bogus revenue expenditure vide show cause notice letter\ndated 12.11.2019 and assessee vide its letter submitted on 27.11.2019 has\nstated that the establishment expenses has been disallowed while considering\nthe return of income filed on 30.03.2019 and offered to tax and has submitted\nthe relevant details as under:\n\n Assessment Year\nAmount (in Rs.)\n2013

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

bogus entry and it is proved beyond reasonable doubt\nthat it is only an adjustment entry to reduce the profits as per books by inflating\nexpenditure and reducing tax liability thereon. In the light of the above, the\nassessee was further asked to substantiate why section 40A(3) of the Act should\nnot be invoked in the assessee's case

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

bogus revenue expenditure vide show cause notice letter dated 12.11.2019 and assessee vide its letter submitted on 27.11.2019 has stated that the establishment expenses has been disallowed while considering the return of income filed on 30.03.2019 and offered to tax and has submitted the relevant details as under: Assessment Year Amount

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

bogus revenue expenditure vide show cause notice letter dated 12.11.2019 and assessee vide its letter submitted on 27.11.2019 has stated that the establishment expenses has been disallowed while considering the return of income filed on 30.03.2019 and offered to tax and has submitted the relevant details as under: Assessment Year Amount

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

bogus revenue expenditure vide show cause notice letter dated 12.11.2019 and assessee vide its letter submitted on 27.11.2019 has stated that the establishment expenses has been disallowed while considering the return of income filed on 30.03.2019 and offered to tax and has submitted the relevant details as under: Assessment Year Amount

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

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

bogus revenue expenditure vide show cause notice letter\ndated 12.11.2019 and assessee vide its letter submitted on 27.11.2019 has\nstated that the establishment expenses has been disallowed while considering\nthe return of income filed on 30.03.2019 and offered to tax and has submitted\nthe relevant details as under:\n\n| Assessment Year\n| Amount

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

bogus revenue expenditure vide show cause notice letter\ndated 12.11.2019 and assessee vide its letter submitted on 27.11.2019 has\nstated that the establishment expenses has been disallowed while considering\nthe return of income filed on 30.03.2019 and offered to tax and has submitted\nthe relevant details as under:\n\n Assessment Year\nAmount (in Rs.)\n2013