PIONEER INDEPENDENT TRUST ,BANGALORE vs. PR. COMMISSIONER OF INCOME TAX, BENGALURU-2, BENGALURU

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

Bench: Shri Prashant Maharishi, Vice – & Shri Soundararajan K.Assessment Year : 2020-21

section 55(2)(ac) of the Act had observed that the AO had failed to call for any details on the issue and accepted the computation of long term capital gains without making necessary enquiries or verifying the issue as required by law, had set aside the assessment order and directed the AO to revise the assessment order dated 26/09/2022

DORAISWAMI RAJAGOPALAN,BANGALORE vs. DCIT-CIRCLE-2(2)(1), BANGALORE

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

Bench: Shri Waseem Ahmedassessment Year: 2021-22

capital gain on the sale of listed debentures has been erroneously taxed at 20% by the AO instead of the applicable 10% rate as per section 112A

MR. VIKRAM DHONDU RAO,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE-4(1)(1), BANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2020-21

gains of Rs. 8,18,960/- with short term capital loss of Rs. 1,61,821/-. However, the taxable long term capital loss is Rs. 1,10,646/- which is computed as per the provisions of Section 112A

DB ENGINEERING & CONSULTING GMBH,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(1), INTERNATIONAL TAXATION, , BENGALURU

In the result, appeal of the assessee is partly allowed

Bench: Shri. Laxmi Prasad Sahu & Shri Prakash Chand Yadav & It(It)A No.1377/Bang/2024 Assessment Year : 2020-21 M/S. Db Engineering & Consulting Gmbh, Dcit (International 82/4, 3Rd Floor, North Wing, Hulkul Brigade Taxation), Centre, Lavelle Road, Ward No.76, Vs. Circle – 1(1), Bangalore – 560 001. Bangalore. Pan :Aaecd 9085 B Appellant Respondent Assessee By : Smt. Susan Mathew, Ca Revenue By : Shri. Subramanian S, Jcit(Dr)(Itat), Bengaluru. Date Of Hearing : 25.10.2024 Date Of Pronouncement : 19.11.2024

capital gains or under sections 112 or 112A being tax on long term capital gains. Tax on income chargeable to tax as per rates

MR. SHANMUGAM RAVI,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, ASSESSEMENT CIRCLE-2(1), BENGALURU

capital gains taxable\nunder section I I IA and 112A of the Act is bad in law under the facts

DR. VIJAYALAKSHMI L ,BANGALORE vs. INCOME TAX OFFICER, WARD-2(2)(3), BANGALORE

In the result, the appeal filed by the assessee stands allowed for statistical purposes

Bench: Smt. Beena Pillaiassessment Year : 2020-21 Dr. Vijayalakshmi L, No. 730/D, “Sireesha”, The Income Tax 9Th Cross, 4Th Main, Officer, M C Layout, Ward – 2(2)(3), Vijayanagar, Bangalore. Bangalore – 560 040. Vs. Pan: Acjpv2022J Appellant Respondent

112A (pages 34 to 37 of ITR 3) copy enclosed hereto as Annexure A wherein all the particulars were furnished like FMV as on 31.1.2018 and cost of acquisition amongst others, which clearly indicated that Grandfathered gains of 6,01,261 needs to be deducted out of total Capital gains of Rs. 6,77,660 deducted from Business/Profession head