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

115J also. Resultantly the term "loss" was understood as the amount arrived at after taking into account the depreciation. The Legislature made its intention clear by providing in the successor sections that the loss shall not include depreciation, it is so provided in section 115JA and the similar wording has been used in clause (iii) of Explanation (1

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 and section 115JA. The difference insofar as it is relevant for the present purpose between section 115JB

INCOME TAX OFFICER WARD-1(1)(2), BANGALORE vs. M/S ATRIA HYDEL POWER LIMITED , BANGALORE

In the result, ITA Nos.534 to 556/Bang/2018 and CO Nos

Bench: Shri N. V. Vasudevan & Shri Jason P. Boazassessment Years : 2010-11 Income-Tax Officer, Vs. M/S. Atria Hydel Power Ltd., Ward - 1(1)(2), #1, Palace Road, Bengaluru. Bangalore-560 001. Pan : Aacca 3754 E Appellant Respondent

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 and section 115JA. The difference insofar as it is relevant for the present purpose between section 115JB

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

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

1 to Section 115JB [2] of the Act, are only to the effect that the depreciation on revaluation of assets cannot be claimed as a deduction in the profit and loss ITA Nos. 1999, 2002 & 2003/Bang/2016 Page 9 of 33 account and therefore, the same has to be added back for computing the book profit u/s 115JB

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

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

1 to Section 115JB [2] of the Act, are only to the effect that the depreciation on revaluation of assets cannot be claimed as a deduction in the profit and loss ITA Nos. 1999, 2002 & 2003/Bang/2016 Page 9 of 33 account and therefore, the same has to be added back for computing the book profit u/s 115JB

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

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

1 to Section 115JB [2] of the Act, are only to the effect that the depreciation on revaluation of assets cannot be claimed as a deduction in the profit and loss ITA Nos. 1999, 2002 & 2003/Bang/2016 Page 9 of 33 account and therefore, the same has to be added back for computing the book profit u/s 115JB

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

1)(a) takes place in the year in which the income is adjusted to meet the expenses incurred for charitable or religious purposes. Hence, even if the expenses for such purposes have been incurred in the earlier years and the said expenses are adjusted against the income of a subsequent year, the income of such subsequent year can be said

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

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

1. 5) The Ld. PCIT has also failed to consider that the Appellant's property was compulsorily acquired by the Government of Karnataka under Right to Fair Compensation and Transparency in Land Acquisition Rehabilitation and Resettlement Act, 2013 ("RFCTLARR Act") and the compensation received through compulsory acquisition is not taxable income in the hands of Appellant Company

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