IIFL SAMASTA FINANCE LIMITED ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-6(1)(1), BANGALORE

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

246A or an application for revision under section 264\nshall be admissible against the order of assessment or reassessment, referred to in\nclause (a) of sub-section (1), in a case where an order under sub-section (4) has\nbeen made accepting the application.”\n5.3 Before leaping to section 270A of the Act, we first consider\nsection 270AA

SOCIETE GENERALE GLOBAL SOLUTION CENTRE PRIVATE LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-6(1)(1), BANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2018-19

disallowance of deduction claimed under [section 10AA or under any of the provisions of Chapter VI-A under the heading "C.— Deductions in respect of certain incomes", if] the return is furnished beyond the due date specified under sub-section (1) of section 139; or (vi) addition of income appearing in Form 26AS or Form 16A or Form 16 which

INDIANOIL SKYTANKING PRIVATE LIMITED,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 3(1)(1), BENGALURU

In the result, the appeals are partly allowed

Bench: Shri George George K. & Ms. Padmavathy S

disallowance of interest on hedge swaps. 11. The CIT(A) erred in law and on facts in not appreciating that the interest on hedge swaps was an allowable expenditure under section 36(1)(iii) of the Act 12. The CIT(A) erred in law and on facts in not appreciating that the aviation fuel facility of the Assessee was completed

M/S. INDIANOIL SKYTAKING PRIVATE LIMITED,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 3(1)(1), BANGALORE

In the result, the appeals are partly allowed

Bench: Shri George George K. & Ms. Padmavathy S

disallowance of interest on hedge swaps. 11. The CIT(A) erred in law and on facts in not appreciating that the interest on hedge swaps was an allowable expenditure under section 36(1)(iii) of the Act 12. The CIT(A) erred in law and on facts in not appreciating that the aviation fuel facility of the Assessee was completed

M/S INDIANOIL SKYTANKING PRIVATE LIMITED ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-3(1)(1), BANGALORE

In the result, the appeals are partly allowed

Bench: Shri George George K. & Ms. Padmavathy S

disallowance of interest on hedge swaps. 11. The CIT(A) erred in law and on facts in not appreciating that the interest on hedge swaps was an allowable expenditure under section 36(1)(iii) of the Act 12. The CIT(A) erred in law and on facts in not appreciating that the aviation fuel facility of the Assessee was completed

ARECA TRUST,BANGALORE vs. INCOME-TAX OFFICER, WARD-7(2)(1), BENGALURU

In the result, appeal filed by the assessee is dismissed

Bench: Shri George George K & Shri Laxmi Prasad Sahuassessment Year : 2018-19 M/S. Areca Trust, The Commissioner Of Income Tax (Appeals), No.23, Nadathur Place, 8Th Main, National Faceless Appeal Centre (Nfac), Jayanagar 3Rd Block, Vs. Delhi. Bengaluru – 560 011. Pan : Aafta 7784 A Appellant Respondent Assessee By : Shri. Sumeet Khurana, Ca Revenue By : Shri. Sunil Kumar Singh, Cit-2(Dr), Itat, Bengaluru. Date Of Hearing : 26.07.2023 Date Of Pronouncement : 26.07.2023

disallowance reiterated in the order under section 143(3) of the Act was unsustainable. 5. On the facts and in the circumstances of the case, thelearned CIT(A) has erred in directing the learned AO to charge interest under section 234B and 234C of the Act. That the Appellant craves leave to add to and/or to alter, amend, rescind, modify

KARNATAKA POWER CORPORATION LIMITED,BENGALURU vs. ACIT, CIRCLE-4(1)(1), BENGALURU

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

Bench: Shri Narender Kumar Choudhry & Shri Waseem Ahmed

disallowances made in the order of assessment passed under section 143[3] r.w.s. 144B of the Act dated 30/09/2021, has preferred a statutory appeal before the learned Commissioner of Income-tax [Appeals], NFAC, as per the provisions of section 246A [1

KARNATAKA POWER CORPORATION LIMITED,BENGALURU vs. ACIT, CIRCLE-4(1)(1), BENGALURU

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

Bench: Shri Narender Kumar Choudhry & Shri Waseem Ahmed

disallowances made in the order of assessment passed under section 143[3] r.w.s. 144B of the Act dated 30/09/2021, has preferred a statutory appeal before the learned Commissioner of Income-tax [Appeals], NFAC, as per the provisions of section 246A [1

WILFRED D'SOUZA,MANGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, MANGALURU

In the result, ITA Nos.323 & 324/Bang/2022 are allowed and the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

246A of the Act. The learned Commissioner of Income-tax [Appeals] vide his appellate order dated 22/02/2022 for all the six assessment years, dismissed the appeal preferred by the assessee. 3.3 The assessee being aggrieved by the appellate order passed by the learned Commissioner of Income-tax [Appeals], has preferred these present appeals before this Tribunal. The assessee wishes

WILFRED D'SOUZA,MANGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, MANGALURU

In the result, ITA Nos.323 & 324/Bang/2022 are allowed and the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

246A of the Act. The learned Commissioner of Income-tax [Appeals] vide his appellate order dated 22/02/2022 for all the six assessment years, dismissed the appeal preferred by the assessee. 3.3 The assessee being aggrieved by the appellate order passed by the learned Commissioner of Income-tax [Appeals], has preferred these present appeals before this Tribunal. The assessee wishes

WILFRED D'SOUZA,MANGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, MANGALURU

In the result, ITA Nos.323 & 324/Bang/2022 are allowed and the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

246A of the Act. The learned Commissioner of Income-tax [Appeals] vide his appellate order dated 22/02/2022 for all the six assessment years, dismissed the appeal preferred by the assessee. 3.3 The assessee being aggrieved by the appellate order passed by the learned Commissioner of Income-tax [Appeals], has preferred these present appeals before this Tribunal. The assessee wishes

WILFRED D'SOUZA,MANGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, MANGALURU

In the result, ITA Nos.323 & 324/Bang/2022 are allowed and the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

246A of the Act. The learned Commissioner of Income-tax [Appeals] vide his appellate order dated 22/02/2022 for all the six assessment years, dismissed the appeal preferred by the assessee. 3.3 The assessee being aggrieved by the appellate order passed by the learned Commissioner of Income-tax [Appeals], has preferred these present appeals before this Tribunal. The assessee wishes

WILFRED D'SOUZA,MANGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, MANGALURU

In the result, ITA Nos.323 & 324/Bang/2022 are allowed and the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

246A of the Act. The learned Commissioner of Income-tax [Appeals] vide his appellate order dated 22/02/2022 for all the six assessment years, dismissed the appeal preferred by the assessee. 3.3 The assessee being aggrieved by the appellate order passed by the learned Commissioner of Income-tax [Appeals], has preferred these present appeals before this Tribunal. The assessee wishes

WILFRED D'SOUZA,MANGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2, MANGALURU

In the result, ITA Nos.323 & 324/Bang/2022 are allowed and the appeals filed by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

246A of the Act. The learned Commissioner of Income-tax [Appeals] vide his appellate order dated 22/02/2022 for all the six assessment years, dismissed the appeal preferred by the assessee. 3.3 The assessee being aggrieved by the appellate order passed by the learned Commissioner of Income-tax [Appeals], has preferred these present appeals before this Tribunal. The assessee wishes

SRI. MUTHAIAH SANNASURAYYA ,DAVANGERE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1(3), BANGALORE

In the result, appeals filed by the assessee are allowed for statistical purposes

Bench: Shri George George K & Shri Laxmi Prasad Sahu

246A of the Act, by filing a condonation petition, narrating the entire facts and circumstances leading for delay in filing the statutory appeals against the impugned order of ITA Nos.785 to 787/Bang/2023 Page 14 of 18 penalty passed, by way of a separate condonation petition along with the appeal memo. [xxxiii]. After obtaining proper professional advice and guidance from

SRI. MUTHAIAH SANNASURAYYA,DAVANGERE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1(3), BANGALORE

In the result, appeals filed by the assessee are allowed for statistical purposes

Bench: Shri George George K & Shri Laxmi Prasad Sahu

246A of the Act, by filing a condonation petition, narrating the entire facts and circumstances leading for delay in filing the statutory appeals against the impugned order of ITA Nos.785 to 787/Bang/2023 Page 14 of 18 penalty passed, by way of a separate condonation petition along with the appeal memo. [xxxiii]. After obtaining proper professional advice and guidance from

SRI. MUTHAIAH SANNASURAYYA,DAVANGERE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1(3), BANGALORE

In the result, appeals filed by the assessee are allowed for statistical purposes

Bench: Shri George George K & Shri Laxmi Prasad Sahu

246A of the Act, by filing a condonation petition, narrating the entire facts and circumstances leading for delay in filing the statutory appeals against the impugned order of ITA Nos.785 to 787/Bang/2023 Page 14 of 18 penalty passed, by way of a separate condonation petition along with the appeal memo. [xxxiii]. After obtaining proper professional advice and guidance from

M/S. SLK SOFTWARE PRIVATE LIMITED,BENGALURU vs. THE ASSISTANT COMMISSIONER OF INCOME-TAX, SPECIAL RANGE-6N, BANGALORE

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

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

disallowances made under section 40(a)(i). However, the Ld. CIT(A) without considering the argument forwarded by the assessee proceeded to dismiss the appeal of the assessee without assigning any reasoning. The relevant findings of the ld. CIT-A is reproduced as under: “5.3.3 The facts of the case, assessment order and submissions of the appellant have been considered

M/S. SLK SOFTWARE PRIVATE LIMITED,BENGALURU vs. THE ASSISTANT COMMISSIONER OF INCOME-TAX, SPECIAL RANGE-6, BANGALORE

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

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

disallowances made under section 40(a)(i). However, the Ld. CIT(A) without considering the argument forwarded by the assessee proceeded to dismiss the appeal of the assessee without assigning any reasoning. The relevant findings of the ld. CIT-A is reproduced as under: “5.3.3 The facts of the case, assessment order and submissions of the appellant have been considered