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

section 234D of the Act which is consequential in nature and does not require any separate adjudication. Hence, the same is dismissed as infructuous. 61. Coming to issue raised through additional ground of appeal regarding allowances of foreign tax as business expenditure. 62. At the outset, we note that the issue raised by the assessee in its grounds of appeal

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

section 234D of the Act which is consequential in nature\nand does not require any separate adjudication. Hence, the same is\ndismissed as infructuous.\n61. Coming to issue raised through additional ground of appeal\nregarding allowances of foreign tax as business expenditure.\n62. At the outset, we note that the issue raised by the assessee in its\ngrounds of appeal

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

234D of the Income Tax Act, 1961", "Section 234B of the Income Tax Act, 1961"], "issues": "Deductibility of software expenses as revenue expenditure, allowability of depreciation

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

234D", "Section 32(1)(iia)", "Section 2(29A)", "Section 147"], "issues": "Whether disallowance under Section 14A is valid without exempt income, whether additional depreciation

INFOSYS LTD.,,BANGALORE vs. ADDL.C.I.T, BANGALORE

In the result, Revenue’s appeal for A

Bench: Shri Sunil Kumar Yadav & Shri Jason P Boaz

depreciation at the rate of 25%. 8.2 On facts and in the circumstances of the case and law applicable, brand building expenses of Rs. 33,65,47,924/- is to be fully allowed as deduction as claimed by the appellant. 9.1 The learned Commissioner of Income tax (Appeals) – I, Bangalore has erred in confirming disallowance under section 14A amounting

TEJAS NETWORKS LIMITED,BANGALORE vs. ASST.C.I.T., BANGALORE

In the result, the appeals filed by the revenue in IT(TP)A No

Bench: Shri Chandra Poojari & Shri George George K.It(Tp)A Nos.296/Bang/2015 Assessment Year: 2010-11 M/S. Tejas Networks Ltd. Plot No.25, 5Th Floor Jp Software Park Acit, Circle-1, Ltu Vs. Electronic City, Phase I Bangalore Bangalore 560 100

234D of the Act is consequential in nature. 15. Penalty proceedings under section 271(1)(c) of the Act 15.1. The learned AO erred in law and on the facts and circumstance of the case by initiating penalty proceedings under section 271(1)(c) of the Act for furnishing inaccurate particulars of income and concealment of income. 15.2. The learned

DCIT, BANGALORE vs. M/S TEJAS NETWORKS LIMITED, BANGALORE

In the result, the appeals filed by the revenue in IT(TP)A No

Bench: Shri Chandra Poojari & Shri George George K.It(Tp)A Nos.296/Bang/2015 Assessment Year: 2010-11 M/S. Tejas Networks Ltd. Plot No.25, 5Th Floor Jp Software Park Acit, Circle-1, Ltu Vs. Electronic City, Phase I Bangalore Bangalore 560 100

234D of the Act is consequential in nature. 15. Penalty proceedings under section 271(1)(c) of the Act 15.1. The learned AO erred in law and on the facts and circumstance of the case by initiating penalty proceedings under section 271(1)(c) of the Act for furnishing inaccurate particulars of income and concealment of income. 15.2. The learned

TEJAS NETWORKS LIMITED,BANGALORE vs. DCIT, BANGALORE

In the result, the appeals filed by the revenue in IT(TP)A No

Bench: Shri Chandra Poojari & Shri George George K.It(Tp)A Nos.296/Bang/2015 Assessment Year: 2010-11 M/S. Tejas Networks Ltd. Plot No.25, 5Th Floor Jp Software Park Acit, Circle-1, Ltu Vs. Electronic City, Phase I Bangalore Bangalore 560 100

234D of the Act is consequential in nature. 15. Penalty proceedings under section 271(1)(c) of the Act 15.1. The learned AO erred in law and on the facts and circumstance of the case by initiating penalty proceedings under section 271(1)(c) of the Act for furnishing inaccurate particulars of income and concealment of income. 15.2. The learned

M/S TEJATS NETWORKS LIMITED ,BANGALORE vs. PRINCIPAL COMMISSIONER OF INCOME TAX CENTRAL , BANGALORE

In the result, the appeals filed by the revenue in IT(TP)A No

Bench: Shri Chandra Poojari & Shri George George K.It(Tp)A Nos.296/Bang/2015 Assessment Year: 2010-11 M/S. Tejas Networks Ltd. Plot No.25, 5Th Floor Jp Software Park Acit, Circle-1, Ltu Vs. Electronic City, Phase I Bangalore Bangalore 560 100

234D of the Act is consequential in nature. 15. Penalty proceedings under section 271(1)(c) of the Act 15.1. The learned AO erred in law and on the facts and circumstance of the case by initiating penalty proceedings under section 271(1)(c) of the Act for furnishing inaccurate particulars of income and concealment of income. 15.2. The learned

ASST.C.I.T., BANGALORE vs. M/S TEJAS NETWORKS LIMITED, BANGALORE

In the result, the appeals filed by the revenue in IT(TP)A No

Bench: Shri Chandra Poojari & Shri George George K.It(Tp)A Nos.296/Bang/2015 Assessment Year: 2010-11 M/S. Tejas Networks Ltd. Plot No.25, 5Th Floor Jp Software Park Acit, Circle-1, Ltu Vs. Electronic City, Phase I Bangalore Bangalore 560 100

234D of the Act is consequential in nature. 15. Penalty proceedings under section 271(1)(c) of the Act 15.1. The learned AO erred in law and on the facts and circumstance of the case by initiating penalty proceedings under section 271(1)(c) of the Act for furnishing inaccurate particulars of income and concealment of income. 15.2. The learned

M/S. TEJAS NETWORKS LIMITED,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, LTU, CIRCLE-1, BENGALURU

In the result, the appeals filed by the revenue in IT(TP)A No

Bench: Shri Chandra Poojari & Shri George George K.It(Tp)A Nos.296/Bang/2015 Assessment Year: 2010-11 M/S. Tejas Networks Ltd. Plot No.25, 5Th Floor Jp Software Park Acit, Circle-1, Ltu Vs. Electronic City, Phase I Bangalore Bangalore 560 100

234D of the Act is consequential in nature. 15. Penalty proceedings under section 271(1)(c) of the Act 15.1. The learned AO erred in law and on the facts and circumstance of the case by initiating penalty proceedings under section 271(1)(c) of the Act for furnishing inaccurate particulars of income and concealment of income. 15.2. The learned

DCIT, BANGALORE vs. M/S TEJAS NETWORKS LIMITED, BANGALORE

In the result, the appeals filed by the revenue in IT(TP)A No

Bench: Shri Chandra Poojari & Shri George George K.It(Tp)A Nos.296/Bang/2015 Assessment Year: 2010-11 M/S. Tejas Networks Ltd. Plot No.25, 5Th Floor Jp Software Park Acit, Circle-1, Ltu Vs. Electronic City, Phase I Bangalore Bangalore 560 100

234D of the Act is consequential in nature. 15. Penalty proceedings under section 271(1)(c) of the Act 15.1. The learned AO erred in law and on the facts and circumstance of the case by initiating penalty proceedings under section 271(1)(c) of the Act for furnishing inaccurate particulars of income and concealment of income. 15.2. The learned

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

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

234D of the Act. The ld. A.R. at the outset submitted that the\noriginal quantum addition made by the ld. AO u/s 143(3) order is\npending before the ld. CIT(A). He submitted that in the meanwhile by\nway of the 154 order, the ld. AO has enhanced the addition. He\nprayed that this appeal may also be remanded

M/S. BIRLASOFT LIMITED (FORMERLY KNOWN AS KPIT CUMMINS INFOSYSTEMS LTD.,),PUNE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-11(5), BANGALORE

In the result, the appeal filed by the assessee stands allowed as indicated hereinabove

Bench: Smt Beena Pillai & Shri Laxmi Prasad Sahuassessment Year : 2005-06 M/S. Birlasoft Ltd. (Formerly Known As Kpit Technologies Ltd.) The Assistant # 35 & 36, Rajiv Commissioner Gandhi Infotech Park, Of Income Tax, Phase – 1, Midc Circle – 11(5), Hinjawadi, Bangalore. Vs. Pune – 411 057. Pan: Aaack7308N Appellant Respondent

section 234D. 8.1 In view of the above and other grounds to be adduced at the time of hearing, the appellant prays that the orders of the lower income tax authorities be quashed. Or in the alternative (a) unabsorbed depreciation

KARNATAKA HOUSING BOARD,BANGALORE vs. DCIT, BANGALORE

In the result, the appeals filed by the assessee is allowed with\nthe above directions

depreciation of\nRs.37,48,862/-;\nvii) Delete additions on account of disallowance under section 43B\namounting to Rs.1,09,16,175/-;\nviii) Interest levied under section 234A be deleted;\nix) Interest levied under section 234B be deleted; and\nx) Interest levied under section 234D

KARNATAKA HOUSING BOARD ,BANGALORE vs. DCIT, EXEMPTIONS CIRLCE-1 , BENGALURU

In the result, the appeals filed by the assessee is allowed with\nthe above directions

depreciation of\nRs.37,48,862/-;\nvii) Delete additions on account of disallowance under section 43B\namounting to Rs.1,09,16,175/-;\nviii) Interest levied under section 234A be deleted;\nix) Interest levied under section 234B be deleted; and\nx) Interest levied under section 234D

KARNATAKA HOUSING BOARD ,BANGALORE vs. DCIT, EXEMPTIONS CIRLCE-1, BANGALORE

In the result, the appeals filed by the assessee is allowed with the above directions

Bench: Shri Prashant Maharishi & Shri Soundararajan K.

depreciation of Rs.37,48,862/-; vii) Delete additions on account of disallowance under section 43B amounting to Rs.1,09,16,175/-; viii) Interest levied under section 234A be deleted; ix) Interest levied under section 234B be deleted; and x) Interest levied under section 234D

KARNATAKA HOUSING BOARD ,BANGALORE vs. DCIT, EXEMPTIONS CIRLCE-1, BANGALORE

In the result, the appeals filed by the assessee is allowed with the above directions

Bench: Shri Prashant Maharishi & Shri Soundararajan K.

depreciation of Rs.37,48,862/-; vii) Delete additions on account of disallowance under section 43B amounting to Rs.1,09,16,175/-; viii) Interest levied under section 234A be deleted; ix) Interest levied under section 234B be deleted; and x) Interest levied under section 234D