M/S ATRIA POWER CORPROATION LTD.,,BANGALORE vs. ITO, BANGALORE

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

Bench: Shri Sunil Kumar Yadav & Shri A.K. Garodiaassessment Year : 2010-11

depreciation which have been adopted for preparing such accounts including profit and loss account for such financial year or part of such financial year failing within the relevant previous year". The scheme of the section 115JB is similar to section 115J

BANGALORE INTERNATIONAL AIRPORT LTD.,,BANGALORE vs. DCIT, BANGALORE

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

Bench: Shri Vijay Pal Rao & Shri Inturi Rama Raobangalore International Airport Ltd. Administration Block, Bial, Devanahalli Bangalore-560 300. … Appellant Pan:Aabc8973D Vs. Deputy Commissioner Of Income-Tax, Circle 11(2), Bangalore. … Respondent & Deputy Commissioner Of Income-Tax, Circle 11(2), Bangalore. … Appellant Vs. Bangalore International Airport Ltd. Bangalore-560 300. … Respondent

depreciation. 10. Here it would be relevant to mention that section 115J, the original predecessor of section 115JB also has Explanation

DCIT, BANGALORE vs. M/S BANGALORE INTERNATIONAL AIRPORT LTD.,, BANGALORE

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

Bench: Shri Vijay Pal Rao & Shri Inturi Rama Raobangalore International Airport Ltd. Administration Block, Bial, Devanahalli Bangalore-560 300. … Appellant Pan:Aabc8973D Vs. Deputy Commissioner Of Income-Tax, Circle 11(2), Bangalore. … Respondent & Deputy Commissioner Of Income-Tax, Circle 11(2), Bangalore. … Appellant Vs. Bangalore International Airport Ltd. Bangalore-560 300. … Respondent

depreciation. 10. Here it would be relevant to mention that section 115J, the original predecessor of section 115JB also has Explanation

M/S HARMAN CONNECTED SERVICES CORPORATION INDIA PVT. LTD.,),BANGALORE vs. PR. CIT - 3, BANGALORE

In the result, the assessee’s appeal for assessment year 2010-11 is allowed

Bench: Shri Jason P Boaz & Shri Laliet Kumarassessment Year : 2010-11 M/S. Harman Connected Services Vs. Principal Commissioner Of Corporation India Private Limited, Income-Tax, [Formerly Known As Symphony Bangalore - 3. Teleca Corporation India Private Limited) No.3 & 3A, Eoiz Industrial Area, Survey No. 85 & 86, Sadarmangla Village, Krishnarajapuram Hobli, Bangalore – 560 066. Pan : Aabcg 5658 E Appellant Respondent Assessee By : Shri. K. R. Vasudevan, Advocate : Revenue By Shri. C. H. Sundar Rao, Cit-I Date Of Hearing : 04.10.2018 Date Of Pronouncement : .12.2018 O R D E R

depreciation being a statutory allowance cannot be disallowed under section 40(a)(i) of the Act. 5. Before us, the learned AR for the assessee was heard in support of the grounds raised. The learned AR assailed the jurisdiction of the CIT in invoking the provisions of section 263 of the Act and also the additions/disallowances directed to be made

M/S.BRINDAVAN BEVERAGES PVT. LTD.,,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME-TAX, BANGALORE

Bench: Shri N.V. Vasudevan, Vice Preseident & Shri Padmavathy S

depreciation. 3.4.2 In the factual matrix of case, as discussed above, the ld CIT(A) while allowing the assessee’s claim has held as under at para 6.2.6 to 6.2.8 of the impugned order. “6.2.6 The second contention of the appellant regarding the power of the A.O. to rework the book profits of the appellant is well founded. I find

M/S.BRINDAVAN BEVERAGES PVT. LTD.,,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME-TAX, BANGALORE

Bench: Shri N.V. Vasudevan, Vice Preseident & Shri Padmavathy S

depreciation. 3.4.2 In the factual matrix of case, as discussed above, the ld CIT(A) while allowing the assessee’s claim has held as under at para 6.2.6 to 6.2.8 of the impugned order. “6.2.6 The second contention of the appellant regarding the power of the A.O. to rework the book profits of the appellant is well founded. I find

M/S.BRINDAVAN BEVERAGES PVT. LTD.,,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME-TAX, BANGALORE

Bench: Shri N.V. Vasudevan, Vice Preseident & Shri Padmavathy S

depreciation. 3.4.2 In the factual matrix of case, as discussed above, the ld CIT(A) while allowing the assessee’s claim has held as under at para 6.2.6 to 6.2.8 of the impugned order. “6.2.6 The second contention of the appellant regarding the power of the A.O. to rework the book profits of the appellant is well founded. I find

ING VYSYA BANK LTD. vs. ACIT,

In the result, revenue’s appeal for Assessment Year 2007-08 is dismissed

Bench: Shri Rajpal Yadav & Shri Jason P. Boaz

depreciation. 5.2 In the proceedings before us, the assessee reiterated its submissions put forth before the authorities below. It was submitted that the software purchased are only for the purpose of day-to-day usage and that the assessee does not have ownership rights, but only right to use the application software. It was also submitted that the software purchased

SRI CHAMUNDESWARI SUGARS LIMITED ,BANGALORE vs. PRINCIPAL COMMISSIONER OF INCOME TAX, BANGALORE-1, BANGALORE

In the result, the appeal is allowed in favour of the assessee

Bench: Shri N.V. Vasudevan, Vice Preseident & Shri Padmavathy Sassessment Year : 2017-18

depreciation loss against the capital gains. The PCIT has revised the order of the AO for the reason that the AO has not examined the fact that the sale consideration has not been reflected in the books of account resulting in understatement of book profits and the resultant tax. To this extent the PCIT has treated the order u/s. Page

DCIT, UDUPI vs. M/S MANIPAL ACADEMY OF HIGHER EDUCATION, MANIPAL

In the result, the appeal of the revenue is dismissed

Bench: Shri Vijay Pal Rao & Shri Jason P Boaz

depreciation is allowable on the assets the cost of which has been fully allowed as application of income under s. 11 in past years. In Govindu Naicker Estate VS. ADIT 248 ITR 368 (Mad), the Hon’ble Madras High Court held that the income of the trust has to 20 ITA No.658(B)14 be arrived at having due regard

ASTRA ZENECA PHARMA INDIA LIMITED,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1), BANGALORE

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

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

115J would be concluded exclusively on the basis of the book profits as adjusted by the items set out in the Explanation thereunder in an assessment in terms of sections 115JA or JB, the adjusted book profits would be further subjected to the effect of other provisions of the Act that are specifically brought into play by virtue