SANGHAMITHRA RURAL FINANCIAL SERVICES,BANGALORE vs. DDIT, BANGALORE

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

Bench: Smt. Asha Vijayaraghavansanghamithra Rural Financial Services, 612, 1 ‘C’ Main Road, Domlur Layout, Bangalore-560 071. ….. Appellant Pan: Aaecs 0038H Vs. The Dy. Director Of Income-Tax(Exemptions), Circle-17(1), Bangalore. ….. Respondent Appellant By : Shri Ravishankar S.V, Advocate Respondent By : Shri Sunil Kumar Agarwala, Jcit(Dr) Date Of Hearing : 13-06-2016 Date Of Pronouncement : 13-07-2016

exempt u/s. 11 of the Act, inclusive of depreciation claim of Rs.3,27,216. The AO held that depreciation is not allowable

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3), BENGALURU vs. COFFEE DAY ENTERPRISES LIMITED, BENGALURU

In the result, all the COs by assessee in CO\nNos

depreciation. The assessee also filed cross-objections challenging the reopening of assessments. The core issue revolves around the validity of disallowances under Section 14A when no exempt

THE ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTION) CIRCLE- 1 , MANGALORE vs. M/S HUBLI DHARWAD URBAN DEVELOPMENT AUTHORITY , HUBLI

In the result, the appeal filed by the revenue stands partly allowed for statistical purposes in the terms indicated above

Bench: Shri N.V. Vasudevan, Vice- & Shri Arun Kumar Garodiaassessment Year : 2012-13 The Assistant M/S. Hubli Dharwad Urban Commissioner Of Development Authority, Income Tax Vs. Navanagar, (Exemptions), Hubbali. Circle – 1, Pan: Aaalh0053J Mangaluru. Appellant Respondent Assessee By : Shri Gangadhar .J.M, Advocate Revenue By : Shri C.H. Sundar Rao, Cit (Dr) Date Of Hearing : 04.11.2019 Date Of Pronouncement : 08.11.2019

depreciation as has been suggested by learned counsel for the Revenue. The income of the assessee being exempt, the assessee

DCIT, CENTRAL CIRCLE-1(3), BENGALURU, BENGALURU vs. COFFEE DAY GLOBAL LIMITED, BENGALURU

exempt income, no further disallowance by the Assessing Officer is warranted, following previous judgments of the High Court and Tribunal. The Tribunal also held that additional depreciation

ASST.C.I.T., MANGALORE vs. VISHWACHETAN FOUNDATION, HUBLI

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

Bench: Shri Vijaypal Rao & Shri Inturi Rama Raothe Asst. Commissioner Of Income-Tax(Exemption), Circle-1, Mangalore. . Appellant Vs. Vishwachetan Foundation Ibmr, 1St Main, Jaynagar, Opp: Kims, Hubbali. Appellant By : Shri S Nambirajan, Jcit Respondent By : Shri Naginchand Khincha, Ca Date Of Hearing : 17-5-2016 Date Of Pronouncement : 20-5-2016 O R D E R

depreciation on capital assets on the ground that when the assessee has already claimed exemption u/s 11 at the time

M/S. SRI DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), BANGALORE

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

Bench: Shri N.V. Vasudevan & Shri Chandra Poojariita Nos.809 To 812/Bang/2022 Assessment Year: 2017-18 To 2020-21

depreciation. 2.1 Ground No.1 is general in nature, which do not require any adjudication. Ground Nos. 2 – Computation of Tax: 3. The ld. A.R. for the assessee submitted that in the assessment order passed u/s 143(3) of the Act for AY 2020-21 the learned assessing officer disallowed the exemption

M/S. SRI DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), BANGALORE

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

Bench: Shri N.V. Vasudevan & Shri Chandra Poojariita Nos.809 To 812/Bang/2022 Assessment Year: 2017-18 To 2020-21

depreciation. 2.1 Ground No.1 is general in nature, which do not require any adjudication. Ground Nos. 2 – Computation of Tax: 3. The ld. A.R. for the assessee submitted that in the assessment order passed u/s 143(3) of the Act for AY 2020-21 the learned assessing officer disallowed the exemption

M/S. SRI DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), BANGALORE

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

Bench: Shri N.V. Vasudevan & Shri Chandra Poojariita Nos.809 To 812/Bang/2022 Assessment Year: 2017-18 To 2020-21

depreciation. 2.1 Ground No.1 is general in nature, which do not require any adjudication. Ground Nos. 2 – Computation of Tax: 3. The ld. A.R. for the assessee submitted that in the assessment order passed u/s 143(3) of the Act for AY 2020-21 the learned assessing officer disallowed the exemption

M/S. SRI DEVARAJ URS EDUCATIONAL TRUST FOR BACKWARD CLASSES (REGD),KOLAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), BANGALORE

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

Bench: Shri N.V. Vasudevan & Shri Chandra Poojariita Nos.809 To 812/Bang/2022 Assessment Year: 2017-18 To 2020-21

depreciation. 2.1 Ground No.1 is general in nature, which do not require any adjudication. Ground Nos. 2 – Computation of Tax: 3. The ld. A.R. for the assessee submitted that in the assessment order passed u/s 143(3) of the Act for AY 2020-21 the learned assessing officer disallowed the exemption

ASSISTANT COMMISSIONER OF INCOME-TAX, BANGALORE vs. M/S.KARNATAKA STATE CRICKET ASSOCIATION, BANGALORE

In the result, Revenue’s appeal for asst

Bench: Shri Vijaypal Rao & Shri Jason P Boazthe Asst. Commissioner Of Income-Tax, (E), Circle – 1, Bangalore. . Appellant Vs. M/S Karnataka State Cricket Association, Chinnaswamy Stadium, Mg Road, Bangalore. . Respondent

depreciation. The ld CIT(A) vide the impugned order dated 30/6/2016 allowed the assessee’s appeal following, inter alia, the decision of the Hon’ble Karnataka High Court in the case of DIT, Exemption

BANKERS CLUB HUBLI,,HUBLI vs. CIT(EXEMPTIONS), BANGALORE

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

Bench: Shri Waseem Ahmed & Shri Prakash Chand Yadav

Exemptions) are not in accordance with the facts of the case. Ld. Counsel for the assessee further argued that on certain issues such as income from rent as well as claim of depreciation

BANKERS CLUB HUBLI,HUBLI vs. CIT(EXEMPTIONS), BANGALORE

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

Bench: Shri Waseem Ahmed & Shri Prakash Chand Yadav

Exemptions) are not in accordance with the facts of the case. Ld. Counsel for the assessee further argued that on certain issues such as income from rent as well as claim of depreciation

THE INCOME TAX OFFICER , WARD-2, BANGALORE vs. M/S. RAMS EDUCATION FOUNDATION, BANGALORE

In the result, the appeal of the assessee is allowed and that of the revenue is dismissed

Bench: Shri Sunil Kumar Yadav & Shri Inturi Rama Raoassessment Year : 2012-13

depreciation by entities claiming exemption u/s. 11, has been sought to be differentiated from the decision of Escorts Ltd., by some

M/S RAMS EDUCATION FOUNDATION ,BANGALORE vs. INCOME TAX OFFICER WARD-2 (EXEMPTION) , BANGALORE

In the result, the appeal of the assessee is allowed and that of the revenue is dismissed

Bench: Shri Sunil Kumar Yadav & Shri Inturi Rama Raoassessment Year : 2012-13

depreciation by entities claiming exemption u/s. 11, has been sought to be differentiated from the decision of Escorts Ltd., by some

PRARTHANA EDUCATION SOCIETY,BANGALORE vs. DY.DIT, BANGALORE

In the result, the appeal filled by the assessee is partly

Bench: Shri Vijay Pal Rao & Shri G. Manjunatha

depreciation on assets, the cost of which is allowed as application of income u/s 11 of the Act. The assessee is a Society, registered u/s 12A of the Income –tax Act, 1961 filed its return of income admitting NIL income after claiming exemption

THE HIMALAYA DRUG COMPANY ,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(1), BANGALORE

In the result, the appeal of the assessee is dismissed

Bench: Shri N.V. Vasudevan & Shri Chandra Poojariassessment Year : 2010-11

depreciation of assets and also exemption u/s 80G was granted without examining the evidences with regard to this. Now the contention

ASST. COMMISSIONER OF INCOME-TAX, BANGALORE vs. M/S. THE NEW CAMBRIDGE EDUCATIONAL TRUST, BANGALORE

In the result, both the appeals of revenue are dismissed

Bench: Shri Vijay Pal Rao & Shri Inturi Rama Rao

depreciation would amount to double deduction. The learned Authorised Representative has relied upon the decisions dt.31.3.2017 of the co-ordinate bench of this Tribunal in the case of DCIT (Exemptions

ACIT-(E), CIRCLE-1,, BANGALORE vs. M/S. BHAGWAN MAHAVEER MEMORIAL JAIN TRUST, BANGALORE

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

Bench: Shri Inturi Rama Rao & Shri Laliet Kumarasst. Commissioner Of Income-Tax (E), Circle-1, Bengaluru. … Appellant Vs. Bhagwan Mahaveer Memorial Jain Trust, No.17, Millers Road, Vasanth Nagar, Bengaluru-560 052. … Respondent Pan:Aaatb 0895 L

depreciation as has been suggested by learned counsel for the Revenue. The income of the assessee being exempt, the assessee

DCIT, BANGALORE vs. SRI. TARALABALU BRUHANMATT, CHITRADURGA

In the result, the appeal of revenue is dismissed

Bench: Shri Sunil Kumar Yadav & Shri Inturi Rama Raoassessment Year : 2012-13

depreciation as has been suggested by learned counsel for the Revenue. The income of the assessee being exempt, the assessee