M/S. S P R DEVELOPERS PRIVATE LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(3), BANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

53A of the Transfer of Property Act is registered under the Indian Registration Act; Admittedly, the agreement has not been registered. Consequently, there is no transfer in terms of section 2(4 7)(v). [Para 11] The revenue submits that there has been a transfer of land within the meaning of Section 2(47) (vi). In fact, the clause

GOBINDRAM CHANDRAMANI VIVEK,BANGALORE vs. INCOME TAX OFFICER - WARD 1(1), BANGALORE, BANGALORE

In the result, the appeal of the assessee is allowed for statistical purposes, in the manner indicated in this order

Bench: Mrs. Beena Pillai & Shri Ramit Kochar

depreciation or otherwise in respect of such asset. But, in the instant case, both the deductions viz. allowing interest on housing loan u/s 24(b), as also allowing it to be added to the A.Y. 2011-12 Shri. Gobindram Chandramani Vivek cost of acquisition of capital asset u/s 48 for computing income chargeable to income-tax, is certainly a double

M/S MAHARASHTRA APEX CORPORATION LIMITED ,MANIPAL vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1 , , UDUPI

240 & 241/Bang/2018

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

Section 53A of the Transfer of Property Act,1882. This indicates that based on documents, the Lessor only will be the ITA Nos. 239 to 255/Bang/2018 Page 20 of 37 owner to whom the depreciation

M/S MAHARASHTRA APEX CORPORATION LIMITED ,MANIPAL vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1 , , UDUPI

240 & 241/Bang/2018

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

Section 53A of the Transfer of Property Act,1882. This indicates that based on documents, the Lessor only will be the ITA Nos. 239 to 255/Bang/2018 Page 20 of 37 owner to whom the depreciation

M/S MAHARASHTRA APEX CORPORATION LIMITED ,MANIPAL vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1 , , UDUPI

240 & 241/Bang/2018

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

Section 53A of the Transfer of Property Act,1882. This indicates that based on documents, the Lessor only will be the ITA Nos. 239 to 255/Bang/2018 Page 20 of 37 owner to whom the depreciation

M/S MAHARASHTRA APEX CORPORATION LIMITED ,MANIPAL vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1 , , UDUPI

240 & 241/Bang/2018

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

Section 53A of the Transfer of Property Act,1882. This indicates that based on documents, the Lessor only will be the ITA Nos. 239 to 255/Bang/2018 Page 20 of 37 owner to whom the depreciation

M/S MAHARASHTRA APEX CORPORATION LIMITED ,MANIPAL vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1 , , UDUPI

240 & 241/Bang/2018

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

Section 53A of the Transfer of Property Act,1882. This indicates that based on documents, the Lessor only will be the ITA Nos. 239 to 255/Bang/2018 Page 20 of 37 owner to whom the depreciation

M/S MAHARASHTRA APEX CORPORATION LIMITED ,MANIPAL vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1 , , UDUPI

240 & 241/Bang/2018

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

Section 53A of the Transfer of Property Act,1882. This indicates that based on documents, the Lessor only will be the ITA Nos. 239 to 255/Bang/2018 Page 20 of 37 owner to whom the depreciation

M/S MAHARASHTRA APEX CORPORATION LIMITED ,MANIPAL vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1 , , UDUPI

240 & 241/Bang/2018

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

Section 53A of the Transfer of Property Act,1882. This indicates that based on documents, the Lessor only will be the ITA Nos. 239 to 255/Bang/2018 Page 20 of 37 owner to whom the depreciation

M/S MAHARASHTRA APEX CORPORATION LIMITED ,MANIPAL vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1 , , UDUPI

240 & 241/Bang/2018

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

Section 53A of the Transfer of Property Act,1882. This indicates that based on documents, the Lessor only will be the ITA Nos. 239 to 255/Bang/2018 Page 20 of 37 owner to whom the depreciation

M/S MAHARASHTRA APEX CORPORATION LIMITED ,MANIPAL vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1 , , UDUPI

240 & 241/Bang/2018

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

Section 53A of the Transfer of Property Act,1882. This indicates that based on documents, the Lessor only will be the ITA Nos. 239 to 255/Bang/2018 Page 20 of 37 owner to whom the depreciation

M/S MAHARASHTRA APEX CORPORATION LIMITED ,MANIPAL vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1 , , UDUPI

240 & 241/Bang/2018

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

Section 53A of the Transfer of Property Act,1882. This indicates that based on documents, the Lessor only will be the ITA Nos. 239 to 255/Bang/2018 Page 20 of 37 owner to whom the depreciation

M/S MAHARASHTRA APEX CORPORATION LIMITED ,MANIPAL vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1 , UDUPI , UDUPI

240 & 241/Bang/2018

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

Section 53A of the Transfer of Property Act,1882. This indicates that based on documents, the Lessor only will be the ITA Nos. 239 to 255/Bang/2018 Page 20 of 37 owner to whom the depreciation

INCOME TAX OFFICER, BANGALORE vs. LATE SRI.A.S.NARAYANA RAJU, BANGALORE

In the result, all the appeals of the revenue are treated as allowed for statistical purposes

Bench: Shri N.V.Vasudevan, Vp & Shri B.R.Baskaran, Am

depreciation, even if not claimed, is a disputable issue and not rectifiable. CIT v. Thanbi Modern Spinning Mills Ltd. (2012) 21 taxmann.com 152 (Madras) – No rectification for debatable issues R.B.L. BanarsiDass& Co. (P) Ltd. v. CIT (2008) 170 Taxman 419 (P&H) JRD Stock Brokers (P) Ltd. v. CIT (2014) 52 taxmann.com 224 (Delhi). SLP Dismissed in (2015) 230 taxman

INCOME TAX OFFICER, BANGALORE vs. LATE SRI.A.S.NARAYANA RAJU, BANGALORE

In the result, all the appeals of the revenue are treated as allowed for statistical purposes

Bench: Shri N.V.Vasudevan, Vp & Shri B.R.Baskaran, Am

depreciation, even if not claimed, is a disputable issue and not rectifiable. CIT v. Thanbi Modern Spinning Mills Ltd. (2012) 21 taxmann.com 152 (Madras) – No rectification for debatable issues R.B.L. BanarsiDass& Co. (P) Ltd. v. CIT (2008) 170 Taxman 419 (P&H) JRD Stock Brokers (P) Ltd. v. CIT (2014) 52 taxmann.com 224 (Delhi). SLP Dismissed in (2015) 230 taxman

INCOME TAX OFFICER, BANGALORE vs. LATE SMT. LAKSHMAMMA, BANGALORE

In the result, all the appeals of the revenue are treated as allowed for statistical purposes

Bench: Shri N.V.Vasudevan, Vp & Shri B.R.Baskaran, Am

depreciation, even if not claimed, is a disputable issue and not rectifiable. CIT v. Thanbi Modern Spinning Mills Ltd. (2012) 21 taxmann.com 152 (Madras) – No rectification for debatable issues R.B.L. BanarsiDass& Co. (P) Ltd. v. CIT (2008) 170 Taxman 419 (P&H) JRD Stock Brokers (P) Ltd. v. CIT (2014) 52 taxmann.com 224 (Delhi). SLP Dismissed in (2015) 230 taxman

INCOME TAX OFFICER, BANGALORE vs. LATE SMT. LAKSHMAMMA, BANGALORE

In the result, all the appeals of the revenue are treated as allowed for statistical purposes

Bench: Shri N.V.Vasudevan, Vp & Shri B.R.Baskaran, Am

depreciation, even if not claimed, is a disputable issue and not rectifiable. CIT v. Thanbi Modern Spinning Mills Ltd. (2012) 21 taxmann.com 152 (Madras) – No rectification for debatable issues R.B.L. BanarsiDass& Co. (P) Ltd. v. CIT (2008) 170 Taxman 419 (P&H) JRD Stock Brokers (P) Ltd. v. CIT (2014) 52 taxmann.com 224 (Delhi). SLP Dismissed in (2015) 230 taxman

K.G. KRISHNA,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillai

depreciation 2007-08 11,34,062.00 5,67,031.00 6 160 - 167 2008-09 5,48,188.00 - 2,74,094.00