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

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK ,BENGALURU vs. INCOME-TAX OFFICE, WARD-5(2)(1), BENGALURU

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

delay in filing the above appeals before this\nTribunal stands condoned.\n5. The Ld.AR submitted that the order of the Ld.CIT(A) dated\n11.05.2023 impugned in ITA No.1054/Bang/2023 was signed at\n17.28 hours, while the order impugned in ITA No.\n1053/Bang/2023 was signed at 17.38 hours on the same day. It\nis submitted that both the orders are identical (except

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

delay in filing the above appeals before this\nTribunal stands condoned.\n5. The Ld.AR submitted that the order of the Ld.CIT(A) dated\n11.05.2023 impugned in ITA No.1054/Bang/2023 was signed at\n17.28 hours, while the order impugned in ITA No.\n1053/Bang/2023 was signed at 17.38 hours on the same day. It\nis submitted that both the orders are identical (except

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

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1) , BANGALORE

delay in filing the above appeals before this\nTribunal stands condoned.\n5. The Ld.AR submitted that the order of the Ld.CIT(A) dated\n11.05.2023 impugned in ITA No.1054/Bang/2023 was signed at\n17.28 hours, while the order impugned in ITA No.\n1053/Bang/2023 was signed at 17.38 hours on the same day. It\nis submitted that both the orders are identical (except

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

delay in filing the above appeals before this\nTribunal stands condoned.\n\n5. The Ld.AR submitted that the order of the Ld.CIT(A) dated\n11.05.2023 impugned in ITA No.1054/Bang/2023 was signed at\n17.28 hours, while the order impugned in ITA No.\n1053/Bang/2023 was signed at 17.38 hours on the same day. It\nis submitted that both the orders are identical

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD- 5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

delay in filing the above appeals before this\nTribunal stands condoned.\n5. The Ld.AR submitted that the order of the Ld.CIT(A) dated\n11.05.2023 impugned in ITA No.1054/Bang/2023 was signed at\n17.28 hours, while the order impugned in ITA No.\n1053/Bang/2023 was signed at 17.38 hours on the same day. It\nis submitted that both the orders are identical (except

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME-TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

delay in filing the above appeals before this\nTribunal stands condoned.\n5. The Ld.AR submitted that the order of the Ld.CIT(A) dated\n11.05.2023 impugned in ITA No.1054/Bang/2023 was signed at\n17.28 hours, while the order impugned in ITA No.\n1053/Bang/2023 was signed at 17.38 hours on the same day. It\nis submitted that both the orders are identical (except

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

delay in filing the above appeals before this\nTribunal stands condoned.\n5. The Ld.AR submitted that the order of the Ld.CIT(A) dated\n11.05.2023 impugned in ITA No.1054/Bang/2023 was signed at\n17.28 hours, while the order impugned in ITA No.\n1053/Bang/2023 was signed at 17.38 hours on the same day. It\nis submitted that both the orders are identical (except

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. THE INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

delay in filing the above appeals before this\nTribunal stands condoned.\n5. The Ld.AR submitted that the order of the Ld.CIT(A) dated\n11.05.2023 impugned in ITA No.1054/Bang/2023 was signed at\n17.28 hours, while the order impugned in ITA No.\n1053/Bang/2023 was signed at 17.38 hours on the same day. It\nis submitted that both the orders are identical (except

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

delay in filing the above appeals before this\nTribunal stands condoned.\n5. The Ld.AR submitted that the order of the Ld.CIT(A) dated\n11.05.2023 impugned in ITA No.1054/Bang/2023 was signed at\n17.28 hours, while the order impugned in ITA No.\n1053/Bang/2023 was signed at 17.38 hours on the same day. It\nis submitted that both the orders are identical (except

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

Accordingly, the appeals of the assessee for the AY 2015-16\nto AY 2017-18 are allowed

56,549/-\n2017-18\n24.09.2019\nRs.23,01,559/-\nRs.19,33,025/-\nRs.42,34,584/-\n6.\nAggrieved by the assessment completed u/s.144 r.w.s 147 of\nthe Act dated 24/09/2019, the assessee preferred an appeal before\nthe CIT(A)-11, Bengaluru.\n7.\nThe ld.CIT(A)-11, Bengaluru, dismissed all the appeals of the\nassessee 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

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

In the result, Appeal filed by the Assessee is allowed

sections": [ "143(2)", "57", "80P(2)(a)(i)", "80P(2)(d)", "56", "80P" ], "issues": "1. Whether the delay of 282 days in filing the appeal is condonable

M/S. BHARAT BEEDI WORKS PRIVATE LIMITED,MANGALURU vs. DEPUTY COMMISIONER OF INCOME TAX, CENTRAL CIRCLE - 2, MANGALURU

In the result, the appeals filed by the assessee for all the four A

Bench: SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER\nAND\nSHRI SOUNDARARAJAN K. (Judicial Member)

Section 153D despite\nthe Learned AO's erroneous statement that the case of the\nassessee was centralized with the DCIT Central Circle-2, vide\nOrder of the Pr. CIT, Mangalore in F.No./C-13/Pr.CIT/MNG/2020-\n21 dated 28.07.2021 in all the assessment orders for AYs\n2017-18 to 2020-21. As per the department's own records, the\ncentralization was ordered

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

In the result, CO filed by the assessee is dismissed

Section 56(2)(viib) of the act\nhas no application to the shares issued by the Respondent to Mr, Jaikesh Dani,\ninasmuch the same was issued by the Respondent under its employee stock\noption plan, the price under which was agreed way back in the year 2008.\n\n5. That without prejudice and in any event, while computing the fair