SREESHARADA CREDIT CO-OPERATIVE SOCIETY LTD,UDUPI vs. ITO WARD- 1&TPS , UDUPI

In the result both the appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi

delay condoned and appeals admitted. Page 10 of 19 12. Briefly stated the facts for assessment year 2018 – 19 shows that assessee filed its return of income at Rs. Nil on 26 September 2018. The return was picked up for limited scrutiny assessment for verification of deduction from total income under chapter VI – A. Notice under section 143 (2

SREESHARADA CREDIT CO-OPERATIVE SOCIETY LTD,UDUPI vs. ITO WARD- 1&TPS , UDUPI

In the result both the appeals filed by the assessee are allowed

Bench: Shri Prashant Maharishi

delay condoned and appeals admitted. Page 10 of 19 12. Briefly stated the facts for assessment year 2018 – 19 shows that assessee filed its return of income at Rs. Nil on 26 September 2018. The return was picked up for limited scrutiny assessment for verification of deduction from total income under chapter VI – A. Notice under section 143 (2

M/S. RMZ HOTELS PRIVATE LIMITED,BANGALORE vs. NATIONAL E-ASSESSMENT CENTRE, DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri Chandra Poojariassessment Year: 2018-19

condone the above delay and admit the appeal for adjudication. 4. The first ground for our consideration is with regard to the disallowance of Rs.99,02,829/-, which is claimed by assessee as an interest payment. The assessee in the year under consideration advanced a sum of Rs.41 crores towards purchase of shares. The AO questioned the sources of Rs.41

INTACT DEVELOPERS PRIVATE LIMITED,BANGALORE vs. DCIT, CENTRAL CIRCLE-1(2), BANGALORE

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

56,549/- 2017-18 24.09.2019 Rs.23,01,559/- Rs.19,33,025/- Rs.42,34,584/- 6. Aggrieved by the assessment completed u/s.144 r.w.s 147 of the Act dated 24/09/2019, the assessee preferred an appeal before the CIT(A)-11, Bengaluru. 7. The ld.CIT(A)-11, Bengaluru, dismissed all the appeals of the assessee on the ground that the assessee had only

INTACT DEVELOPERS PRIVATE LIMITED ,BANGALORE vs. DCIT, CENTRAL CIRCLE-1(2), BANGALORE

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

56,549/- 2017-18 24.09.2019 Rs.23,01,559/- Rs.19,33,025/- Rs.42,34,584/- 6. Aggrieved by the assessment completed u/s.144 r.w.s 147 of the Act dated 24/09/2019, the assessee preferred an appeal before the CIT(A)-11, Bengaluru. ITA Nos.823 to 824/Bang/2025 Intact Developers Pvt. Ltd., Bangalore Page 8 of 23 7. The ld.CIT(A)-11, Bengaluru, dismissed

INTACT DEVELOPERS PRIVATE LIMITED,BANGALORE vs. DCIT, CENTRAL CIRCLE-1(2), BANGALORE

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

56,549/- 2017-18 24.09.2019 Rs.23,01,559/- Rs.19,33,025/- Rs.42,34,584/- 6. Aggrieved by the assessment completed u/s.144 r.w.s 147 of the Act dated 24/09/2019, the assessee preferred an appeal before the CIT(A)-11, Bengaluru. ITA Nos.823 to 824/Bang/2025 Intact Developers Pvt. Ltd., Bangalore Page 8 of 23 7. The ld.CIT(A)-11, Bengaluru, dismissed

SRI. ANNESH,UDUPI vs. INCOME-TAX OFFICER, WARD-1, CHIKMANGALUR

In the result, the appeal of the assessee is allowed

Bench: Shri Chandra Poojari

condonation of delay 4. Notice dated 01.12.2022 07.12.2022 No compliance 2.2 Finally, the ld. CIT(A) disposed of the appeal ex-parte by observing as under: “7. During the appellate proceedings, the appellant has only submitted submission in the form of 'Statement of Facts'. After that neither he has replied to hearing notices nor submitted any documentary evidence/information to prove

DCIT, CIRCLE 3(1)(1), BENGALURU, BMTC BUILDING, KORAMANGALA vs. GTR ALUMINIUM PRIVATE LIMITED, BENGALURU

In the result the appeal filed by the revenue is dismissed

Bench: Shri Waseem Ahmed & Shri Keshav Dubeyassessment Year : 2015-16

condone the delay and admit the appeal for adjudication on merits. 4. Now the brief facts of the case are that the assessee, being a registered Private Limited Company, engaged inthe manufacturing and supply of superior qualityof Aluminium Extrusion and M/s. GTR Aluminium Pvt. Ltd., Bangalore Page 3 of 16 Aluminium Alloy Ingots. The assesseefiled its return of income

THE KARNATAKA STATE REGN AND STAMPS DEPARTMENT OFFICIALS MULTI-PURPOSE CO-OP SOCIETY LIMITED ,BENGALURU vs. ACIT, CIRCLE-2(1)(1), BENGALURU

Bench: Shri Prashant Maharishi, Vice – & Shri Sandeep Singh Karhail

delay of 282 days deserves to be condoned and appeal of the Assessee is admitted as it is for sufficient cause. 12. The fact of the case shows that Assessee is a Co-operative society filed its return of income on 21.10.2017 at Rs. Nil/-. This return was selected for scrutiny for verification of deduction under chapter

SIRI SANJEEVINI PATTINA SOUHARDA SAHAKARI NIYAMAT ,SIRWAR vs. THE INCOME TAX OFFICER, WARD-1, , RAICHUR

In the result, both the appeals filed by the assessee stands partly allowed for statistical purposes

Bench: Smt. Beena Pillai & Shri Waseem Ahmed

2. Refusing to condone delay can result in a meritorious matter being thrown out at the very threshold and cause of justice being defeated. As against this, when delay is condoned, the highest that can happen is that a cause would be decided on merits after hearing the parties. ......................................................1.Any appeal or any application, other than an application under

SIRI SANJEEVINI PATTINA SOUHARDA SAHAKARI NIYAMAT,SIRWAR vs. THE INCOME TAX OFFICER, WARD-1,, RAICHUR

In the result, both the appeals filed by the assessee stands partly allowed for statistical purposes

Bench: Smt. Beena Pillai & Shri Waseem Ahmed

2. Refusing to condone delay can result in a meritorious matter being thrown out at the very threshold and cause of justice being defeated. As against this, when delay is condoned, the highest that can happen is that a cause would be decided on merits after hearing the parties. ......................................................1.Any appeal or any application, other than an application under

SURENDRA LAXMANRAO VAIDYA,GADAG vs. INCOME TAX OFFICER, WARD-2, GADAG

In the result, the appeal of assessee is allowed

Bench: Shri A.K. Garodia & Shri Pavan Kumar Gadaleshri Surendra Laxmanrao Vaidya, Kariyamma Kallu Badavane, Near Hatalgeri Naka, Gadag. ….Appellant Pan Avupv2546H Vs. Income Tax Officer, Ward 2, Gadag. ……Respondent.

delay is condoned and the appeal is admitted and heard. 2. The assessee has raised the following grounds of appeal : 3 3. The Brief facts of the case are that the assessee is an employee of Karnataka Vikas Grameena Bank and filed the Return of Income electronically on 25.3.2013 with total income of Rs.6,13,770. In the Return

M/S. THE BHAVASARA KSHATRIYA CO-OPERATIVE SOCIETY LIMITED,MYSURU vs. INCOME TAX OFFICER, WARD-2(1), MYSURU

Bench: Shri Chandra Poojari & Ms. Madhumita Roym/S Bhavasara Kshatriya Co- Operative Society Ltd., 279, Benkinawab Street, Mandi Mohalla, Mysureu-570 001. Pan – Aadat 2458 F Appelant Assessee By : Shri V Srinivasan, Advocate Revenue By : Shri Ganesh R Gale, Standing Counsel For Dept. Date Of Hearing : 03.01.2024 Date Of Pronouncement: 03.01.2024

condone the delay and admit the appeal for adjudication. 8. On merit, the ld.AR submitted that the assessee has claimed deduction, which is as follows:- 1) Under Section 80P(2)(a) Rs.14,76,803 2) Under Section 80P(2)(a)(i) - Rs.13,98,572/- Total Rs.28,75,375/- 9. The ld.AO denied the above exemption claimed by the assessee

INCOME TAX OFFICER, WARD-7(2)(1), BENGALURU, BANGALORE vs. M/S. BANGALORE CREDIT CO-OPERATIVE SOCIETY LIMITED , BANGALORE

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

delay is condoned; and the Appeals & the Cos for both the Asst. years are admitted for adjudication. 7. Further, the assessee has filed additional ground in the grounds of cross objection as ground no.8. During the course of the ITA Nos.2347 & 2348/Bang/2024 & CO Nos.4 & 5/Bang/2025 M/s. Bangalore Credit Co-operative Society Ltd., Bangalore Page 11 of 44 proceedings before

INMOBI TECHNOLOGY SERVICES PRIVATE LIMITED,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE3(1)(1), BANGALORE

section 142[1], either the Assessing Officer or the Prescribed Income- tax Authority, as the case may be, if, it is considered necessary or expedient to ensure that an assessee has not understated the income or has not computed excessive loss or has not underpaid tax in any manner, shall serve on the assessee a notice for attendance or production

ITO, WARD-3(1)(3), BANGALORE, KORAMANGALA, BANGALORE vs. IRUNWAY INDIA PVT LTD, BANAGLORE

Bench: Shri Chandra Poojari & Smt. Beena Pillai

Section 56(2)(viib) of the act has no application to the shares issued by the Respondent to Mr, Jaikesh Dani, inasmuch the same was issued by the Respondent under its employee stock option plan, the price under which was agreed way back in the year 2008. 5. That without prejudice and in any event, while computing the fair market

INCOME-TAX OFFICER, WARD-7(2)(1), BENGALURU, BENGALURU vs. M/S. BANGALORE CREDIT CO-OPERATIVE SOCIETY LIMITED, BENGALURU

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

delay is condoned; and the Appeals & the Cos for both the Asst. years are admitted for adjudication. 7. Further, the assessee has filed additional ground in the grounds of cross objection as ground no. 8. During the course of the proceedings before us, the 1d. AR of the assessee did not press Ground No. 7 & additional ground No.8 & pray

M/S. PRATHAMIKA KRUSHI PATTINA SAHAKARA NIYAMITA,HAGARIBOMMANAHALLI vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX, KALABURGI

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

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

condone the delay in filing this appeal and proceed to dispose of this appeal on merits. 2 M/s.Prathamika Krushi Pattina Sahakara Niyamita. 3. The grounds raised read as follows: “1. The impugned order u/s 263, dated 13.03.2019 is opposed to the facts of the case and the law, as it is passed in haste violating the principles of natural justice

M/S. PRATHAMIKA KRUSHI PATTINA SAHAKARA NIYAMITA,HOSAPETE vs. THE PRINCIPAL COMMISSIONER OF INCOME TAX, KALABURGI

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

Bench: Shri Chandra Poojari, Am & Shri George George K, Jm

condone the delay in filing this appeal and proceed to dispose of this appeal on merits. 2 M/s.Prathamika Krushi Pattina Sahakara Niyamita. 3. The grounds raised read as follows: “1. The impugned order u/s 263, dated 13.03.2019 is opposed to the facts of the case and the law, as it is passed in haste violating the principles of natural justice

JAMMANAHALLY PRATHAMIKA KRISHI PATTINA SAHAKARA SANGHA,SAKLESHPUR vs. INCOME TAX OFFICER, WARD -2, HASSAN

In the result ITA No. 192/Bangalore/2025 filed by the assessee is allowed

Bench: Shri Prashant Maharishi

condone the delay and admit the appeal of the assessee. 9. Brief facts of the case shows that the assessee is a co-operative society registered under the Karnataka cooperative societies act, 1959 filed its return of income for the assessment year 2017 – 18 on 1 October 2017 declaring a total taxable income at rupees Nil after claiming deduction under