EDGEVERVE SYSTEMS LIMITED ,BANGALORE vs. ACIT, CIRCLE-2(2)(1), BANGALORE

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

Bench: Shri Waseem Ahmed & Shri Soundararajan K

depreciation was allowed and no reassessment proceedings were initiated. Therefore, the Revenue has accepted the allowability of depreciation on identical

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

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

reassessment proceedings\n2020-21\n2012-13\n6 to 11\nTV airing expenses and production expenses\n2020-21\n7 to 12\nDigital media expenses and TV advertisements\n3. The other grounds raised in AY 2020-21 are as under:\na) Ground nos. 2 to 6 – Depreciation

EDGEVERVE SYSTEMS LIMITED,BANGALORE vs. ACIT, CIRCLE-2(2)(1), BANGALORE

depreciation was\nallowed and no reassessment proceedings were initiated. Thus, the\nRevenue has accepted the allowability of depreciation on identical

EDGEVERVE SYSTEMS LIMITED,BANGALORE vs. ACIT, CIRCLE-2(2)(1), BANGALORE

depreciation was\nallowed and no reassessment proceedings were initiated. Thus, the\nRevenue has accepted the allowability of depreciation on identical

M/S. INCAP CONTRACT MANUFACTURING SERVICES PRIVATE LIMITED,,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, BANGALORE

In the result, the assessee's appeal is partly allowed

Bench: Shri B.R. Baskaran & Shri Pavan Kumar Gadale

depreciation on goodwill was disallowed by the Assessing Officer and confirmed by CIT(Appeals). We, on perusal of the assessment order under Section 143(3) r.w.s. 147 of the Act dt.10.11.2014 find there is no disallowance by the Assessing Officer in the reassessment

M/S. CANARA BANK ,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1), BANGALORE

In the result, appeal filed by the assessee is allowed

Bench: Shri George George K & Shri Laxmi Prasad Sahuassessment Year : 1996-97 M/S. Canara Bank, Vs. Dcit, Fm Wing, Head Office, 112, J C Road, Circle – 2(1)(1), Bengaluru – 560 002. Bengaluru. Pan : Aaajs 1557 Q Appellant Respondent Assessee By : Shri. S. Ananthan, Advocate Revenue By : Shri. Subramanian S, Addl. Cit(Dr)(Itat), Bengaluru. Date Of Hearing : 07.03.2024 Date Of Pronouncement : 08.03.2024

reassessment order completed, assessee’s claim of depreciation on assets leased to M/s. Bellary Steels and Alloys Ltd., (BSAL) amounting

M/S. BARBEQUE NATION HOSPITALITY LTD,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME-TAX OFFICER, CENTRAL CIRCLE-2(2), BENGALURU

In the result, appeals filed by the assessee are partly allowed

depreciation on such sum on the facts and\ncircumstances of the case.\n\n10.\nThe appellant denies the liability to pay interest under section\n234A, 234B and 234C of the Act of the Act, in view of the fact that\nthere is no liability to additional tax as determined by the assessing\nofficer. Without prejudice, the rate, period

M/S. TOYOTA KIRLOSKAR MOTOR PVT LTD,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, LTU, CIRCLE-1, , BENGALURU

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

Bench: Shri Laxmi Prasad Sahu & Shri Keshav Dubeyassessment Year: 2011-12 M/S. Toyota Kirloskar Motor Pvt. Ltd. Plot No.1, Bidadi Industrial Area So Bidadi Acit Vs. Ramanagar Ltu, Circle-1 Bengaluru 562 109 Banalore Pan No : Aaact5415B Appellant Respondent Appellant By : Sri Padam Chand Kincha, A.R. Respondent By : Smt. Kumutha D., D.R. Date Of Hearing : 24.09.2024 Date Of Pronouncement : 20.12.2024

depreciation claims on building of Rs. 23,80,603/- and Plant & Machinery of Rs. 28,19,454/- and added to the total income of the assessee. 4. Aggrieved by the disallowance made by the AO , the assessee preferred an appeal before the ld. CIT(A)/NFAC questioning the legal validity of reassessment

IBM INDIA PRIVATE LIMITED,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 3(1)(1), BENGALURU

In the result the appeal filed by the assessee stands partly allowed for statistical purposes

reassess such income or recompute the loss or the depreciation allowance, as the case may be, for the assessment year

M/S. ANSYS SOFTWARE PRIVATE LIMITED,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE- 1(1)(1), BENGALURU

In the result appeal filed by assessee stands allowed

Bench: Shri B. R. Baskaran & Smt. Beena Pillaiassessment Year: 2010-11

reassess such income or recompute the loss or the depreciation allowance, as the case may be, for the assessment year

M/S. ANSYS SOFTWARE PRIVATE LIMITED,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE- 1(1)(1), BENGALURU

In the result appeal filed by assessee stands allowed

Bench: Shri B. R. Baskaran & Smt. Beena Pillaiassessment Year: 2010-11

reassess such income or recompute the loss or the depreciation allowance, as the case may be, for the assessment year

M/S. ANSYS SOFTWARE PRIVATE LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE- 1(1)(1), BENGALURU

In the result appeal filed by assessee stands allowed

Bench: Shri B. R. Baskaran & Smt. Beena Pillaiassessment Year: 2010-11

reassess such income or recompute the loss or the depreciation allowance, as the case may be, for the assessment year

DISTRICT CO-OPERATIVE CENTRAL BANK LIMITED ,BIDAR vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-1 , GULBARGA

In the result appeal filed by assessee stands allowed

Bench: Shri B. R. Baskaran & Smt. Beena Pillaiassessment Year: 2010-11

reassess such income or recompute the loss or the depreciation allowance, as the case may be, for the assessment year

SAIKAT CHINMAY BHATTACHARYA,MUMBAI vs. DY. CIT, INTERNATIONAL TAXATION, CIRCLE 1(1), BANGALORE

In the result the appeal filed by the assessee is allowed

reassess such income or recompute the loss\nor the depreciation allowance or any other allowance or deduction for the\n Assessment

ARUN DURAISWAMY,MYSORE, KARNATAKA vs. ITO, INTL. TAXATION WARD 1(1), BANGALORE

In the result the appeal filed by the assessee is allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

reassess such income or recompute the loss or the depreciation allowance or any other allowance or deduction for the Assessment

NEETA BHAMBHANI,BENGALURU vs. DCIT, (IT), CIRCLE-1(1), BENGALURU

In the result, I pass the following:-

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

reassess such income or recompute the loss or the depreciation allowance or any other allowance or deduction for the Assessment

M/S IGNIS TECHNOLOGY SOLUTIONS PRIVATE LIMITED ,BANGALORE vs. INCOME TAX OFFICER WARD-3(1)(1), BANGALORE

In the result appeal filed by assessee for assessment years

Bench: Shri. Chandra Poojari & Smt. Beena Pillai

depreciation on the software in its books of accounts, during reassessment proceedings the Ld.AO asked the assessee to show cause

M/S IGNIS TECHNOLOGY SOLUTIONS PRIVATE LIMITED ,BANGALORE vs. INCOME TAX OFFICER WARD-3(1)(1), BANGALORE

In the result appeal filed by assessee for assessment years

Bench: Shri. Chandra Poojari & Smt. Beena Pillai

depreciation on the software in its books of accounts, during reassessment proceedings the Ld.AO asked the assessee to show cause