M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

depreciation, remuneration, and interest on capital of partners. As could be noticed there from the income declared by the assessee is substantially high as compared to other comparable cases. If at all the income is assessed as estimated in the statement., the same will result in assessment of unreasonably higher income defeating the principle of assessing the real income. During

M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

depreciation, remuneration, and interest on capital of partners. As could be noticed there from the income declared by the assessee is substantially high as compared to other comparable cases. If at all the income is assessed as estimated in the statement., the same will result in assessment of unreasonably higher income defeating the principle of assessing the real income. During

M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

depreciation, remuneration, and interest on capital of partners. As could be noticed there from the income declared by the assessee is substantially high as compared to other comparable cases. If at all the income is assessed as estimated in the statement., the same will result in assessment of unreasonably higher income defeating the principle of assessing the real income. During

M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

depreciation, remuneration, and interest on capital of partners. As could be noticed there from the income declared by the assessee is substantially high as compared to other comparable cases. If at all the income is assessed as estimated in the statement., the same will result in assessment of unreasonably higher income defeating the principle of assessing the real income. During

M/S. BILL FORGE PRIVATE LIMITED,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX (LTU), CIRCLE - 1, BANGALORE

In the result appeal is allowed partly to extent indicated above

Bench: Shri Maharishi Prashant & Shri Prakash Chand Yadavshri Chandra Poojariassessment Year : 2012-13 Mahindra Cie Automotive Ltd., Vs. Acit (Ltu), Formerly Known As Bill Forge Pvt. Ltd., Circle –1, #9C, Hosur Road, Bangalore. Bommasandra Industrial Area, Bangalore – 560 099. Pan : Aaacb 8620 J Appellant Respondent Assessee By : Shri. Narendra Sharma, Advocate Revenue By : Mrs. Neera Malhotra Cit Dr Date Of Hearing : 07.11.2024 Date Of Pronouncement : 18.11.2024

additional depreciation is allowable. 24. Ground number 5 of the income with respect to addition of ₹ 1,624,491/– being

M/S. INDUS TRUST ,BENGALURU vs. ACIT, CIRCLE-2(2)(1), BENGALURU

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

additional depreciation at\n20% of the actual cost under section 32(1)(iia), as the assessee was\nengaged in the business of generation of power. The assessee furnished\ncomplete details during the assessment proceedings, including the\ndepreciation working as per the Income

BOSCH GLOBAL SOFTWARE TECHNOLOGIES PRIVATE LIMITED ,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1), BANGALORE

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

Bench: Shri Waseem Ahmed & Shri Keshav Dubeyassessment Year: 2016-17

income, claimed additional depreciation under section 32(1)(iia) of the Act on computers used for the production of software

M/S. JSW STEEL PROCESSING CENTRES LTD,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-4(1)(6), BANGALORE

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

Bench: Shri George George K & Shri Laxmi Prasad Sahuassessment Year : 2013-14

income of Rs.25,31,44,321/- after claiming additional depreciation under section 32(1)(iia) of the Act amounting to Rs.46

K C RAJU MULTI SPECIALITY HOSPITAL,BANGALORE vs. DCIT, CENTRAL CIRCLE-2(4), BANGALORE

In the result, the appeal of the assessee is allowed

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

income”, particularly when the final audited accounts differ from both drafts and include additional legitimate expenses like depreciation. 11.5 Coming

K C RAJU MULTI SPECIALITY HOSPITAL,BANGALORE vs. DCIT, CENTRAL CIRCLE-2(4), BANGALORE

In the result, the appeal of the assessee is allowed

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

income”, particularly when the final audited accounts differ from both drafts and include additional legitimate expenses like depreciation. 11.5 Coming

DEPUTY COMMISSIONER OF INCOME TAX, (EXEMPTIONS), CIRCLE-1, BENGALURU vs. RASHTROTTHANA PARISHAT, BENGALURU

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

Bench: Shri Prashant Maharishi & Shri Keshav Dubeyassessment Year: 2017=18

depreciation claimed as application amounting to Rs.7,53,66,656/- by stipulating the following reasons in the order of assessment- “11. The nature of additions made as detailed in the foregoing paragraphs attracts the provisions of section 270A of the Income

M/S. UNITED BREWERIES LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE 7(1)(1), BANGALORE

In the result, the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

Depreciation on goodwill 1,18,29,983 The AO accordingly proposed to assess the income of the assessee at Rs.640,40,30,225/- against the income of Rs.461,47,05,660/- declared by the assessee in its returned income. The assessee being aggrieved by the additions

UNITED BREWERIES LIMITED,BANGALORE vs. JOINT COMMISSIONER OF INCOME TAX, SPECIAL RANGE- 7, BANGALORE

In the result, the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

Depreciation on goodwill 1,18,29,983 The AO accordingly proposed to assess the income of the assessee at Rs.640,40,30,225/- against the income of Rs.461,47,05,660/- declared by the assessee in its returned income. The assessee being aggrieved by the additions

SHANKARANARAYANA CONSTRUCTIONS PRIVATE LIMITED,BANGALORE vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 2(4), C R BUILDINGS, QUEENS ROAD, BENGALURU

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

Bench: Shri Laxmi Prasad Sahu & Shri Soundararajan K.

additional income offered by the assessee and therefore the excess income offered could be set off, as against the lesser income offered for the A.Ys. 2015-16 and 2017-18. The Ld.AR also relied on the order of this Tribunal in ITA Nos. 373 to 376 & 382/Bang/2024 dated 03/07/2024 in support of the above proposition. 7. The Ld.AR also filed

SHANKARANARAYANA CONSTRUCTIONS PRIVATE LIMITED,BANGALORE vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 2(4), C R BUILDINGS, QUEENS ROAD, BENGALURU

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

Bench: Shri Laxmi Prasad Sahu & Shri Soundararajan K.

additional income offered by the assessee and therefore the excess income offered could be set off, as against the lesser income offered for the A.Ys. 2015-16 and 2017-18. The Ld.AR also relied on the order of this Tribunal in ITA Nos. 373 to 376 & 382/Bang/2024 dated 03/07/2024 in support of the above proposition. 7. The Ld.AR also filed

SHANKARANARAYANA CONSTRUCTIONS PRIVATE LIMITED,BANGALORE vs. ASST. COMMISSIONER OF INCOME TAX- CENTRAL CIRCLE 2(4), CENTRAL REVENUE BUILDING, QUEENS ROAD, BENGALURU

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

Bench: Shri Laxmi Prasad Sahu & Shri Soundararajan K.

additional income offered by the assessee and therefore the excess income offered could be set off, as against the lesser income offered for the A.Ys. 2015-16 and 2017-18. The Ld.AR also relied on the order of this Tribunal in ITA Nos. 373 to 376 & 382/Bang/2024 dated 03/07/2024 in support of the above proposition. 7. The Ld.AR also filed

SHANKARANARAYANA CONSTRUCTIONS PRIVATE LIMITED,SNS HOUSE, RESIDENCY ROAD vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE 2(4), CENTRAL REVENUE BUILDING, QUEENS ROAD, BENGALURU

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

Bench: Shri Laxmi Prasad Sahu & Shri Soundararajan K.

additional income offered by the assessee and therefore the excess income offered could be set off, as against the lesser income offered for the A.Ys. 2015-16 and 2017-18. The Ld.AR also relied on the order of this Tribunal in ITA Nos. 373 to 376 & 382/Bang/2024 dated 03/07/2024 in support of the above proposition. 7. The Ld.AR also filed

JOHN DEVELOPERS ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1), BANGALORE

addition of the stipulation of “relevant assessment year” and which was defined to mean those years which would fall beyond the six year block period but not later than ten AYs'. The block period for search assessment thus came to be enlarged to stretch up to ten AYs'. The 2017 Amending Act also put in place certain prerequisite conditions which

M/S. PAUL RESORTS & HOTELS PVT LTD,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1), BANGALORE

In the result, appeals of the assessee in ITA No

Bench: Shri Chandra Poojari & Shri Keshav Dubey

income, etc., not to be invalid on certain grounds.—No return of income, assessment, notice, summons or other proceeding, furnished or made or issued or taken or purported to have been furnished or made or issued or taken in pursuance of any of the provisions of this Act shall be invalid or shall be deemed to be invalid merely