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

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

M/S. ARHAM MITRA MANDAL,BANGALORE vs. INCOME-TAX OFFICER(EXEMPTIONS)-WARD-1, BANGALORE

Bench: Shri George George K & Shri Waseem Ahmed

condonation application filed by the assessee. Post the rejection of application, assessee filed the present appeal before the Tribunal on 11.12.2023. 5. The issue raised in the appeal before the Tribunal is with regard to the denial of section 11 of the Act on account of delay in filing the audit report within the due date prescribed. For identical issue

SHRI MUNIYAPPA NARASHIMAIAH,BANGALORE vs. INCOME TAX OFFICER, WARD- 6(2)(3), BANGALORE

In the result, appeal of the assesseeis treated as allowed for statistical purposes

Bench: Shri N. V. Vasudevan & Ms. S. Padmavathyassessment Year :2013-14 Shri. Muniyappa Narashimaiah, Vs. Ito, No.120/1, Hessarghatta Main Road, Ward – 6(2)(3), Bhuvaneshwari Nagar, T Dasarahalli, Bengaluru. Bengaluru – 560 057. Pan : Abmpn 5245 R Appellant Respondent Assessee By : Shri. Mahesh Kumar, Advocate Revenue By : Shri. Priyadarshini Mishra, Addl. Cit(Dr)(Itat), Bengaluru. Date Of Hearing : 25.04.2022 Date Of Pronouncement : 27.04.2022 O R D E R Per N. V. Vasudevan: . V. Vasudevan

77,379/-. The assessment for Assessment Year 2012-13 was concluded by the AO on 30.09.2016. In so far Assessment Year 2013-14 is concerned, on 11.03.2016 the AO passed an Order of Assessment in which he denied the benefit of deduction under section 10(37) of the Act to the assessee and also the benefit of deduction under section

PREM PRAKASH GUPTA ,BANGALORE vs. ITO, WARD-6(2)(2), BANGALORE

Appeal of the assessee stands dismissed as not admitted

Bench: Shri Prashant Maharishiassessment Year: 2017-18

delay of 375 days. The necessary defect memo stating that appeal is time barred was sent to assessee on 17.6.2025. 3. The assessee filed condonation petition on 30.5.2025 along with Affidavit of assessee. The condonation petition submits as under:- “1. The appellant individual was assessed to income of Rs.37,77,330/- vide order dt:29.12.2019 passed under section

AUGUST JEWELLERY PVT LTD,BENGALURU vs. D.C.I.T., CIRCLE 1(1)(1), BANGALORE, BANGALORE

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

Section 68 of the Income Tax Act, 1961, on account of share capital and share premium received in the earlier years and no credit was received in the current year. Hence, the same be deleted. 4) That the learned CIT(A) erred in sustaining an ad-hoc disallowance of 24,06,60,000, being 20% of the total expenses, without

AUGUST JEWELLERY PVT LTD,BENGALURU vs. D.C.I.T., CIRCLE 1(1)(1), BENGALURU, BENGALURU

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

Section 68 of the Income Tax Act, 1961, on account of share capital and share premium received in the earlier years and no credit was received in the current year. Hence, the same be deleted. 4) That the learned CIT(A) erred in sustaining an ad-hoc disallowance of 24,06,60,000, being 20% of the total expenses, without

AUGUST JEWELLERY PRIVATE LIMITED,BENGALURU vs. D.C.I.T., CIRCLE 1(1)(1), BENGALURU, BENGALURU

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

Section 68 of the Income Tax Act, 1961, on account of share capital and share premium received in the earlier years and no credit was received in the current year. Hence, the same be deleted. 4) That the learned CIT(A) erred in sustaining an ad-hoc disallowance of *24,06,60,000, being 20% of the total expenses, without

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

SHRI. G K RAVI,BANGALORE vs. ACIT, CENTRAL CIRCLE-1(4), BENGALURU

Bench: Shri Prashant Maharishi & Shri Soundararajan K.

77,27,904 | 1,03,90,104/- | 2016-17 | 153C did. 27.09.2021 | 2,47,57,950/- | 3,38,45,591 | 5,86,03,541/- | 2017-18 | 153C dtd. 27.09.2021 | 1,36,81,870/- | 91,75,100 | 2,28,56,970/- | 2018-19 | 153C

SHRI. G. K RAVI ,BANGALORE vs. ACIT/DCIT, CENTRAL CIRCLE-1(4), BANGALORE

Bench: Shri Prashant Maharishi & Shri Soundararajan K.

77,27,904 1,03,90,104/- 2016-17 153C dtd. 27.09.2021 2,47,57,950/- 3,38,45,591 5,86,03,541/- 2017-18 153C dtd. 27.09.2021 1,36,81,870/- 91,75,100 2,28,56,970/- 2018-19 153C

SHRI. G K RAVI,BANGALORE vs. ACIT, CENTRAL CIRCLE-1(4), BENGALURU

Bench: Shri Prashant Maharishi & Shri Soundararajan K.

77,27,904 1,03,90,104/- 2016-17 153C did. 27.09.2021 2,47,57,950/- 3,38,45,591 5,86,03,541/- 2017-18 153C dtd. 27.09.2021 1,36,81,870/- 91,75,100 2,28,56,970/- 2018-19 153C

GOTTIGERE KRISHNAPPA RAVI,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), BANGALORE

Bench: Shri Prashant Maharishi & Shri Soundararajan K.

77,27,904 1,03,90,104/- 2016-17 153C did. 27.09.2021 2,47,57,950/- 3,38,45,591 5,86,03,541/- 2017-18 153C dtd. 27.09.2021 1,36,81,870/- 91,75,100 2,28,56,970/- 2018-19 153C

SHRI. G K RAVI,BANGALORE vs. ACIT, CENTRAL CIRCLE-1(4), BENGALURU

Bench: Shri Prashant Maharishi & Shri Soundararajan K.

77,27,904 | 1,03,90,104/- | | 2016-17 | 153C dtd. 27.09.2021 | 2,47,57,950/- | 3,38,45,591 | 5,86,03,541/- | | 2017-18 | 153C dtd. 27.09.2021 | 1,36,81,870/- | 91,75,100 | 2,28,56,970/- | | 2018-19 | 153C

SHRI. G K RAVI,BENGALURU vs. ACIT, CENTRAL CIRCLE-1(4), BENGALURU

Bench: Shri Prashant Maharishi & Shri Soundararajan K.

77,27,904 | 1,03,90,104/- | | 2016-17 | 153C did. 27.09.2021 | 2,47,57,950/- | 3,38,45,591 | 5,86,03,541/- | | 2017-18 | 153C dtd. 27.09.2021 | 1,36,81,870/- | 91,75,100 | 2,28,56,970/- | | 2018-19 | 153C

M/S. KANYAKAPARAMESHWARI CREDIT CO-OPERATIVE SOCIETY LIMITED,CHITRADURGA vs. INCOME TAX OFFICER, WARD-2, CHITRADURGA

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

Bench: Shri Arun Kumar Garodiaassessment Year :2012-13

section 234 B of the Act is also bad in law as the period, rate, quantum and method of calculation adopted on which interest is levied are all not discernible and are wrong on the facts of the case. 8. The appellant craves Leave to add, alter, substitute and delete any or all of the grounds of appeal urged above

ASST.C.I.T., BANGALORE vs. M/S TEJAS NETWORKS LIMITED, BANGALORE

In the result, the appeals filed by the revenue in IT(TP)A No

Bench: Shri Chandra Poojari & Shri George George K.It(Tp)A Nos.296/Bang/2015 Assessment Year: 2010-11 M/S. Tejas Networks Ltd. Plot No.25, 5Th Floor Jp Software Park Acit, Circle-1, Ltu Vs. Electronic City, Phase I Bangalore Bangalore 560 100

condone this inordinate delay of 1694 days and the appeal is dismissed unadmitted. Accordingly, we decline to admit the appeal and dismiss the appeal in limine. IT(TP)A No.296, 468 & 1119/Bang/2015 IT(TP)A No.621 & 694/Bang/2016, IT(TP)A No.1674/Bang/2018 & IT(TP)A No.582/Bang/2021 Page 7 of 34 ITA No.468/Bang/2015 (A.Y. 2010-11) (Assessee’s appeal):- 4. Grounds urged

M/S. TEJAS NETWORKS LIMITED,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, LTU, CIRCLE-1, BENGALURU

In the result, the appeals filed by the revenue in IT(TP)A No

Bench: Shri Chandra Poojari & Shri George George K.It(Tp)A Nos.296/Bang/2015 Assessment Year: 2010-11 M/S. Tejas Networks Ltd. Plot No.25, 5Th Floor Jp Software Park Acit, Circle-1, Ltu Vs. Electronic City, Phase I Bangalore Bangalore 560 100

condone this inordinate delay of 1694 days and the appeal is dismissed unadmitted. Accordingly, we decline to admit the appeal and dismiss the appeal in limine. IT(TP)A No.296, 468 & 1119/Bang/2015 IT(TP)A No.621 & 694/Bang/2016, IT(TP)A No.1674/Bang/2018 & IT(TP)A No.582/Bang/2021 Page 7 of 34 ITA No.468/Bang/2015 (A.Y. 2010-11) (Assessee’s appeal):- 4. Grounds urged