M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

In the result, all the appeals of the assessee are partly allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A of the Act as above. Against this, assessee is in appeal before ITA Nos.62 to 66/Bang/2023 M/s. Yashaswi Fish Meal and Oil Company, Udupi Page 8 of 85 ld. CIT(A) who has confirmed the order of the AO. Against this assessee is in appeal before us. The ld. A.R. submitted that there was a minor reduction

M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

In the result, all the appeals of the assessee are partly allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A of the Act as above. Against this, assessee is in appeal before ITA Nos.62 to 66/Bang/2023 M/s. Yashaswi Fish Meal and Oil Company, Udupi Page 8 of 85 ld. CIT(A) who has confirmed the order of the AO. Against this assessee is in appeal before us. The ld. A.R. submitted that there was a minor reduction

M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

In the result, all the appeals of the assessee are partly allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A of the Act as above. Against this, assessee is in appeal before ITA Nos.62 to 66/Bang/2023 M/s. Yashaswi Fish Meal and Oil Company, Udupi Page 8 of 85 ld. CIT(A) who has confirmed the order of the AO. Against this assessee is in appeal before us. The ld. A.R. submitted that there was a minor reduction

M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

In the result, all the appeals of the assessee are partly allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A of the Act as above. Against this, assessee is in appeal before ITA Nos.62 to 66/Bang/2023 M/s. Yashaswi Fish Meal and Oil Company, Udupi Page 8 of 85 ld. CIT(A) who has confirmed the order of the AO. Against this assessee is in appeal before us. The ld. A.R. submitted that there was a minor reduction

DINESH KUMAR SINGHI,BANGALORE vs. DCIT, BANGALORE

In the result, the assessee's appeal for Assessment Year 2011-12 is partly allowed

Bench: Shri Sunil Kumar Yadav & Shri Jason P Boaz

133A and physical inspection of the premises of the new undertaking on 23/02/2006 and statements were also recorded. In the original return the assessee had made a claim for deduction u/s 10B in respect of the undertaking known as M/s Bharat Mines & Minerals which was established in pursuance of the legal agreement executed with Development Commissioner of CSEZ dt. 03/06/2003

SRI. MALLANAGOUDA S. SANKAGOUDSHANI,HUBLI vs. DCIT, HUBLI

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

Bench: Smt. Asha Vijayaraghavan & Shri Jason P. Boaz, Assessment Year : 2006-07

u/s. 133A conducted on 01.03.2011, certain incriminating documents, diaries were found and impounded as per the Page 2 of 13 Inventory of Books of Account/Documents drawn during the survey on 01/03/2011. On verification of the entries made in the impounded diaries, the Assessing Officer observed that receipts and payments as recorded in the impounded diary for the months of January

M/S VVD CONSTRUCTIONS PVT LTD ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, ITA No.3384/Bang/2018 is allowed, while ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A of the Act and 234B and 234C also on the Post Survey Statements recorded on oath u/s. 131 of the Act without amounting to Rs.1,02,83,852 and appreciating the fact that the Appellant had declared 8% Margin of Profit Rs.5,64,490 subject to deductions and depreciation

M/S VVD CONSTRUCTIONS PRIVATE LIMITED ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, ITA No.3384/Bang/2018 is allowed, while ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A of the Act and 234B and 234C also on the Post Survey Statements recorded on oath u/s. 131 of the Act without amounting to Rs.1,02,83,852 and appreciating the fact that the Appellant had declared 8% Margin of Profit Rs.5,64,490 subject to deductions and depreciation

M/S VVD CONSTRUCTIONS PRIVATE LIMITED ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, ITA No.3384/Bang/2018 is allowed, while ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A of the Act and 234B and 234C also on the Post Survey Statements recorded on oath u/s. 131 of the Act without amounting to Rs.1,02,83,852 and appreciating the fact that the Appellant had declared 8% Margin of Profit Rs.5,64,490 subject to deductions and depreciation

M/S VVD CONSTRUCTIONS PRIVATE LIMITED ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, ITA No.3384/Bang/2018 is allowed, while ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A of the Act and 234B and 234C also on the Post Survey Statements recorded on oath u/s. 131 of the Act without amounting to Rs.1,02,83,852 and appreciating the fact that the Appellant had declared 8% Margin of Profit Rs.5,64,490 subject to deductions and depreciation

M/S VVD CONSTRUCTIONS PRIVATE LIMITED ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, ITA No.3384/Bang/2018 is allowed, while ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A of the Act and 234B and 234C also on the Post Survey Statements recorded on oath u/s. 131 of the Act without amounting to Rs.1,02,83,852 and appreciating the fact that the Appellant had declared 8% Margin of Profit Rs.5,64,490 subject to deductions and depreciation

M/S. POWER POINT,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(2), BANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2019-20

survey, the Assessee's case was selected for scrutiny based on the guidelines issued for compulsory selection of cases, by issuing a notice u/s 143(2) of the Act on 23/09/2020. Case was centralized to Deputy Commissioner of Income Tax, Central Circle 2(2), Bangalore vide order u/s 127 passed by Pr. Commissioner of Income Tax(Central), Bangalore

FIBRES & FABRICS INTERNATIONAL P LTD,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX,CIRCEL-11(3), BANGALORE

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

Bench: Shri Vijaypal Rao & Shri Inturi Rama Raom/S.Fibres & Fabrics International Pvt. Ltd. No.21, E-1, 2Nd Phase, Peenya Industrial Area, Bangalore-560058. … Appellant Pan: Aaacf 6841 M Vs. Deputy Commissioner Of Income-Tax, Circle 11(3), Bangalore. … Respondent

survey u/s 133A was conducted in the business premises of the assessee on 5.11.2009, in which no original agreement dated 1.7.2002 could be found which itself could be held as an evidence that payment were for some other purpose and had not been on the basis of alleged contract or scheme of arrangement. This stand of revenue is further streghthened

CHINNASWAMY SUNDER RAJU,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(4), BENGALURU

In the result the appeal of the assessee is partly allowed

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubeyassessment Year : 2017-18

survey proceedings conducted u/s 133A of the Act in the case of certain third parties.The issues on which additions are made are all recorded and disclosed in the books of accounts maintained by the assesse. It is also an undisputed fact that the transactions / business activity/ claim of depreciation

SMT. LIZY GEORGE,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 7(1), BANGALORE

In the result, the appeal of the assessee is partly allowed

Bench: Smt. Beena Pillai & Shri Laxmi Prasad Sahuassessment Year : 2005-06

133A of the Act on 21/04/2005. During the course of survey, inventory of stock of gold and diamond jewellery was prepared and found a lot of discrepancies, huge difference was also found in the cash balances to which the assessee failed to explain even during the post survey also. A lot of documents like purchases and sales vouchers and loose

M/S. GITA REFRACTORIES PRIVATE LIMITED,BANGALORE vs. INCOME TAX OFFICER, WARD- 11(2), BANGALORE

In the result, the second question is answered in favour of the assessee and against the revenue and as a result thereof the appeal fails and dismissed as such

Bench: Smt. Beena Pillai & Shri Laxmi Prasad Sahuassessment Year : 2005-06

depreciation 2) wrongly allowed the commission expenses. 4. The CIT after considering the submissions of the asseseee directed to pass fresh order after considering these two issues vide order dated 25.03.2010. The AO passed consequential order on 23.08.2010 after disallowing as per observation of the CIT. Page 4 of 14 5. A survey u/s 133A

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

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

survey conducted on 24.07.2012 u/s. 133A of the Act, the assessee filed a letter dated 30.10.2012 stating that the book profits would be recomputed after considering the Impairment loss of Rs.16,00,00,000/- and Depreciation

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

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

survey conducted on 24.07.2012 u/s. 133A of the Act, the assessee filed a letter dated 30.10.2012 stating that the book profits would be recomputed after considering the Impairment loss of Rs.16,00,00,000/- and Depreciation

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

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

survey conducted on 24.07.2012 u/s. 133A of the Act, the assessee filed a letter dated 30.10.2012 stating that the book profits would be recomputed after considering the Impairment loss of Rs.16,00,00,000/- and Depreciation