DR. DEVIKA GUNASHEELA,BANGALORE vs. JCIT, BANGALORE

Bench: Shri N.V. Vasudevan & Shri A.K. Garodiaassessment Year: 2012-13

gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B,54D

HANCHIPURA CHANNAIAH NANDAKISHORE,MAHALKSHMIPURAM vs. INCOME TAX OFFICER WARD INTL, TAXATION 1(2) BANGALORE, BANGALORE

In the result appeal filed by the assessee is allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubeyit(It)A No.258/Bang/2025 Assessment Year : 2018-19 Hanchipura Channaiah Nandakishore 87, 2Nd Stage & Phase Mahalakshmipuram 2Nd Stage, 14Th Main, West Of Chord Ito Road Vs. Ward International Taxation 1(2) Mahalakshmipuram Bangalore Bangalore 560 086 Pan No :Blrpn0428A Appellant Respondent Appellant By : Sri Siddesh N Gaddi, A.R. Respondent By : Dr. Divya K.J., D.R. Date Of Hearing : 07.08.2025 Date Of Pronouncement : 04.11.2025

54D or section 54EC or section 54F or section 54G or section 54GA or section 54GB were inserted by the Finance Act, 2019 which is effective from 01.04.2020, but the impugned case on hand is related to the AY 2018-19 & therefore the exemption u/s 54/54F can be claimed even without filling a return of income. Lastly

M/S. ATRIA WIND (KADAMBUR) PRIVATE LIMITED,BENGALUAU vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(4), BENGALURU

In the result, appeal filed by the assessee is allowed

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Assessment Year: 2017-18

gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B, 54D

SRI. RAMAKRISHNA NISHTALA,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 7(1)(2), BANGALORE

In the result appeal filed by assessee stands partly allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year : 2016-17

gains arising from the transfer of a capital asset effected in the previous year shall, save or otherwise provided in sections 54, 54B, 54D

SHRI. MALLAPPA SHARANAPPA UDNOOR,GULBARGA vs. INCOME TAX OFFICER, GULBARGA

In the result, the appeal of the assessee is allowed

Bench: Shri Vijay Pal Rao

gains arising from the transfer of a capital asset effected in the previous year shall, save or otherwise provided in sections 54, 54B, 54D

SMT. A.P. LAKSHMI GOWRI,BANGALORE vs. ITO, BANGALORE

In the result, both the appeals of the assessee are partly allowed

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 548, 54D

SRI. A.R. PRASAD,BANGALORE vs. ITO, BANGALORE

In the result, both the appeals of the assessee are partly allowed

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 548, 54D

M/S. SASKEN TECHNOLOGIES LIMITED,BANGALORE vs. JOINT COMMISSIONER OF INCOME TAX, SPECIAL RANGE - 6, BANGALORE

In the result, appeal of the assessee is partly allowed

Bench: Shri N.V. Vasudevan & Shri B. R. Baskaranassessment Year : 2016-17 M/S. Sasken Technologies Limited, Vs. Jcit, No.139/25, Ring Road, Domlur, Special Range – 6, Bengaluru-560071. Bengaluru. Pan : Aaecs 6424 R Appellant Respondent Appellant By : Shri. Padam Chand Khincha, Ca Respondent By : Shri. Sumer Singh Meena, Cit(Dr)(Itat), Bengaluru. Date Of Hearing : 09.03.2022 Date Of Pronouncement : 16.03.2022 O R D E R Per N.V. Vasudevanthis Is An Appeal By The Assessee Against The Order Dated 27.11.2019 Of Cit(A), Bengaluru -10, Relating To Assessment Year 2016-17. 2. Ground No.1 Raised By The Assessee Is General & Calls For No Specific Adjudication. Grounds Nos.2 & 3 Raised By The Assessee Is With Regard To The Issue Whether The Gain On Sale / Assignment Of Intellectual Property Rights (Ipr) Is Assessable To Tax At All & If So Assessable To Tax Whether It Has To Be Assessed To Tax Under The Head “Income From Business Or Profession” Or “Capital Gain”. Page 2 Of 31

gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54. 54B, 54D

M/S.FABSUN ENGINEERING PVT. LTD.,,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, BAILUR

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

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

capital gains are used for acquiring any other land or building or any rights therein or constructing any building for the purposes of shifting or re-establishing the said undertaking or setting up another industrial undertaking. Section 54D

SRI SUDHEER VALSALA SREEKUMARAN ,BANGALORE vs. THE INCOME TAX OFFICER WARD-5(3)(2), BANGALORE

In the result, the appeal of the assessee is treated as allowed

Bench: Shri B.R Baskaran & Shri Pavan Kumar Gadaleassessment Year : 2013-14

gains arising from the transfer of a capital asset effected in the previous year shall, save or otherwise provided in sections 54, 54B, 54D

SRI.LOKESH M, LR OF SMT MALATHI LOKESH ,BANGALORE vs. PRINCIPAL COMMISSIONER OF INCOME TAX-2 , BANGALORE

In the result, the appeals by the assesses are partly allowed

Bench: Shri N.V. Vasudevan & Shri B R Baskaran

gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B, 54D

SRI.LOKESH M, ,BANGALORE vs. PRINCIPAL COMMISSIONER OF INCOME TAX-2 , BANGALORE

In the result, the appeals by the assesses are partly allowed

Bench: Shri N.V. Vasudevan & Shri B R Baskaran

gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B, 54D

SRI. C. RAMAIAH REDDYT vs. DCIT,

In the result, ITA No.1778/Bang/2012 (A

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

gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B, 54D

SRI. C. RAMAIAH REDDYT vs. DCIT,

In the result, ITA No.1778/Bang/2012 (A

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

gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B, 54D

M C SATHYANARAYANA GOWDA,BANGALORE vs. ITO, BANGALORE

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

Bench: Shri Sunil Kumar Yadav & Shri Inturi Rama Raoshri M.C.Sathyanarayana Gowda, By L/R Smt.Bindu Latha, No.59, Sunkenahalli Main Road, Bull Temple Road, Bengaluru-560019. … Appellant Pan:Agipg 5272 G Vs. Income-Tax Officer, Ward 5(4), Bengaluru. … Respondent

section 2(47) and assessed to Capital gains by adopting cost of construction of the share of built up area as a consideration and computed short term capital gains and brought to tax. Page 4 of 6 4. Being aggrieved, an appeal was preferred before the ld.CIT(A) who, vide impugned order, after calling for remand report from the Assessing

SMT.KONDAMMA ,BANGALORE ` vs. INCOME TAX OFFICER WARD-6(2)(4), BANGALORE

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

Bench: Shri Arun Kumar Garodia & Smt. Beena Pillaiassessment Year : 2012-13 Smt. Kondamma, No. 122/2, 6Th Main, The Income Tax Opp Srs Printer, Officer, Kammagondanhalli, Vs. Ward – 6 (2) (4), Jalahalli West, Bangalore. Bangalore – 560 015. Pan: Atypk2334A Appellant Respondent Assessee By : Shri H. Guruswamy, Itp Revenue By : Shri R.N. Siddappaji, Addl. Cit (Dr) Date Of Hearing : 04.09.2019 Date Of Pronouncement : 13.09.2019

gains arising from the transfer of a capital asset effected in the previous year shall, save or otherwise provided in sections 54, 54B, 54D

MR. PRAKASH CHAND BETHALA,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 7(1), BANGALORE

Bench: Shri Chandra Poojari & Shri George George K.Assessment Year: 2007-08

gains arising from the transfer of a capital asset effected in the previous year shall, save as otherwise provided in sections 54, 54B, 54D

MALLIKARJUNAIAH ADVEESHAIAH HULLUKUNTE,BENGALURU vs. ASSISSTANT COMMISSIONER OF INCOME TAX, CIRCLE 6(2)(1), BANGALORE

In the result, the appeal is allowed for statistical purposes

Bench: Shri Waseem Ahmed & Shri Keshav Dubeyassessment Year: 2017-18

capital gain of ₹1,65,51,367.00 only. He also claimed deduction under section 54D of ₹3,18,28,120 and construction

SRI. G.S. SHIVANNA(HUF),BANGALORE vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX, BENGALURU-4, BENGALURU

In the result, appeal of the assessee is partly allowed

Bench: Shri N. V. Vasudevan & Shri Chandra Poojariassessment Year : 2015-16 Shri. G. S. Shivanna (Huf), Pcit, Vs. No.3, Basaveshwara Nilaya, Bengaluru – 4, Yelachenahalli, Kanakapura Road, Bengaluru. Bengaluru – 560 078. Pan : Aaahg 7097 K Appellant Respondent Assessee By : Shri. Satish S, Advocate Revenue By : Shri. Manjunath Karkihalli, Cit(Dr)(Itat), Bengaluru. Date Of Hearing : 25.08.2022 Date Of Pronouncement : 30.08.2022 O R D E R Per N. V. Vasudevan

capital gain, on the ground that he had used the sale proceeds for construction of house in Jayanagar. After claiming deduction as above, the LTCG on sale of vacant sites was declared as Nil by the assessee. 3. The return so filed by the assessee was taken for limited scrutiny under CASS for the reason to verify large deduction claimed