T.G. RANGANATH,BANGALORE vs. DCIT, BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2008-09

Unexplained cash credits in cash book 2010-11 6. Net income from real estate - sale of timber 97,99,000 70,00,000 - May/June 2009 not accounted in books 27,99,000 Grand total 5,03,80,530 5,03,80,530 4.1 However, in response to the AO's notice u/s 148 of the Act dated 14/10/2010, requiring

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

Unexplained cash credit u/s 68 of the Act 236 5. Disallowance of unexplained expenditure 380 Total 632.73 ITA Nos.307 to 312/Bang/2020

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

Unexplained cash credit u/s 68 of the Act 236 5. Disallowance of unexplained expenditure 380 Total 632.73 ITA Nos.307 to 312/Bang/2020

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

Unexplained cash credit u/s 68 of the Act 236 5. Disallowance of unexplained expenditure 380 Total 632.73 ITA Nos.307 to 312/Bang/2020

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

Unexplained cash credit u/s 68 of the Act 236 5. Disallowance of unexplained expenditure 380 Total 632.73 ITA Nos.307 to 312/Bang/2020

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

Unexplained cash credit u/s 68 of the Act 236 5. Disallowance of unexplained expenditure 380 Total 632.73 ITA Nos.307 to 312/Bang/2020

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

Unexplained cash credit u/s 68 of the Act 236 5. Disallowance of unexplained expenditure 380 Total 632.73 ITA Nos.307 to 312/Bang/2020

SRI. GIRISH MALLESH,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE-6(2)(1), BANGALORE

In the result, appeal of the assessee in ITA No

Bench: Shri Chandra Poojari & Smt. Madhumita Roy

disallowance in the order of assessment would not automatically warrant the penal provisions, consequently the penalty imposed by the learned A.O. deserves to be cancelled under the facts and in the circumstances of the appellant's case. 5. Without prejudice to the above, the penalty levied is excessive and liable to be reduced substantially. 6. For the above and other

SRI. GIRISH MALLESH,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE-6(2)(1), BANGALORE

In the result, appeal of the assessee in ITA No

Bench: Shri Chandra Poojari & Smt. Madhumita Roy

disallowance in the order of assessment would not automatically warrant the penal provisions, consequently the penalty imposed by the learned A.O. deserves to be cancelled under the facts and in the circumstances of the appellant's case. 5. Without prejudice to the above, the penalty levied is excessive and liable to be reduced substantially. 6. For the above and other

BMM ISPAT LIMITED,HOSPET vs. DCIT, BANGALORE

In the result, Revenue’s appeal for Assessment Year 2011-12 is dismissed

Bench: Shri Sunil Kumar Yadav & Shri Jason P Boaz

Unexplained cash credit in the form of Share Application Money of Rs. 56,40,00,000/- - this addition was protectively made in the hands of the assessee and the Ld. CIT-A has deleted the same. The department is in appeal on this issue in ITA 1113/B/15. 2)Addition of Rs. 12,95,46,334/- as unaccounted cash payments

VISHWANATHAREDDY CHENNAREDDY,BANGALORE vs. INCOME-TAX OFFICER, WARD-2(2)(7), BENGALURU

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

Bench: SHRI CHANDRA POOJARI (Accountant Member), SMT. BEENA PILLAI (Judicial Member)

disallowing the 30% expenditure of Rs. 1,70,850/-, the agricultural income gets reduced and the amount becomes unexplained cash credit

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

cash credit, he partly allowed the appeal of the assessee by holding as under:- “48 . The nest ground of appeal pertains to disallowance of unexplained

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(3), BANGALORE vs. SHRI C J VISHWANTH , CHIKKAMAGALURU

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

unexplained cash credits on the ground that the service of notice was not within the stipulated time rendering the notice invalid when in the instant case the return has been filed on 29.10.2014 and as such the notice u/s 143(2) could be validly issued and served on or before 30.09.20 15 3. Whether on the facts and circumstances

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(3), BANGALORE vs. SHRI C J VISHWANATH , CHIKKAMAGALURU

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

unexplained cash credits on the ground that the service of notice was not within the stipulated time rendering the notice invalid when in the instant case the return has been filed on 29.10.2014 and as such the notice u/s 143(2) could be validly issued and served on or before 30.09.20 15 3. Whether on the facts and circumstances

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE - 2 (3), BENGALURU vs. SHRI C J VISHWANTHA, CHICKAMANGALURU

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

unexplained cash credits on the ground that the service of notice was not within the stipulated time rendering the notice invalid when in the instant case the return has been filed on 29.10.2014 and as such the notice u/s 143(2) could be validly issued and served on or before 30.09.20 15 3. Whether on the facts and circumstances

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(3), BANGALORE vs. SHRI C J VISHWANTH , CHICKAMANGALUR

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

unexplained cash credits on the ground that the service of notice was not within the stipulated time rendering the notice invalid when in the instant case the return has been filed on 29.10.2014 and as such the notice u/s 143(2) could be validly issued and served on or before 30.09.20 15 3. Whether on the facts and circumstances

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(3), BANGALORE vs. SHRI C J VISHWANTH , CHIKKAMANGALURU

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

unexplained cash credits on the ground that the service of notice was not within the stipulated time rendering the notice invalid when in the instant case the return has been filed on 29.10.2014 and as such the notice u/s 143(2) could be validly issued and served on or before 30.09.20 15 3. Whether on the facts and circumstances

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(3), BANGALORE vs. SHRI C J VISHWANTH , CHIKKAMAGALURU

In the result, all the appeals filed by the Revenue are dismissed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

unexplained cash credits on the ground that the service of notice was not within the stipulated time rendering the notice invalid when in the instant case the return has been filed on 29.10.2014 and as such the notice u/s 143(2) could be validly issued and served on or before 30.09.20 15 3. Whether on the facts and circumstances