ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCEL-2(1), BANGALORE vs. SRI MATHIKERE RAMAIAH SEETHARAM, BANGALORE

In the result, the appeals filed by the revenue are dismissed and the COs filed by the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

section 34 against the assessee as the karta of a HUF. Further, the High Court had not expressed its opinion on the question based upon section 25 of the 1992 Act. In the result, the order of the High Court was set aside and the appeal was remanded to the High Court for disposal in accordance with

SHRI K.G SUBBARAMA SETTY ,BANGALORE vs. ACIT 5(2)(1) BANGALORE, C R BUILDING

In the result all the three appeals in ITA Nos

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

house property and business income (renumeration and share of profit from partnership firms). For the AY 2021-22, the assessee filed his return of income on 15/03/2022 by declaring total income of Rs.5,07,94,880/-. The return of income was processed u/s. 143(1) of the Act on 28/03/2022. Subsequently, the rectification order

K A SUJIT CHANDAN,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE BENGALURU.-5(2)(1), BENGALURU

In the result all the three appeals in ITA Nos

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

house property and business income (renumeration and share of profit from partnership firms). For the AY 2021-22, the assessee filed his return of income on 15/03/2022 by declaring total income of Rs.5,07,94,880/-. The return of income was processed u/s. 143(1) of the Act on 28/03/2022. Subsequently, the rectification order

M/S. RUKMINI EDUCATIONAL CHARITABLE TRUST ,BENGALURU vs. PRINCIPAL COMMISSIONER OF INCOME TAX, CENTRAL , BENGALURU

Property Act, 1882, the transfer of immovable\nproperty can only be made by way of duly registered a deed of conveyance (sale\ndeed). The Hon'ble Supreme Court has held the same in the case of Suraj Lamps\nand Industries Pvt. Ltd. Vs State of Haryana 2009(7) SCC(363) and also in SLP(c)\nNo. 13917 of 2009. Hence

M/S INFOSYS LTD ,BANGALOR E vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-3(1)(1), BANGALORE

In the result, the appeal filed by the assessee as well as by revenue are partly allowed for statistical purposes

Bench: Shri N.V. Vasudevan & Shri Chandra Poojariit(Tp)A No.735/Bang/2018 Assessment Year: 2013-14

housed in sections 28 to 44DB. Under section 28(i) the profits and gains of any business or profession carried on by the assessee at any time during the previous year is chargeable to tax. As per section 29, the income referred to in section 28 should be computed in accordance with the provisions contained in sections

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

In the result, the appeal filed by the assessee as well as by revenue are partly allowed for statistical purposes

Bench: Shri N.V. Vasudevan & Shri Chandra Poojariit(Tp)A No.735/Bang/2018 Assessment Year: 2013-14

housed in sections 28 to 44DB. Under section 28(i) the profits and gains of any business or profession carried on by the assessee at any time during the previous year is chargeable to tax. As per section 29, the income referred to in section 28 should be computed in accordance with the provisions contained in sections

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

House Property Rs. 67,200 /- ii) Business Income Rs. 1,42,860/- iii) Income from other Sources Rs. 5,042/- --------------------- ITA Nos.1891 to 1896/Bang/2018 Page 12 of 30 Rs. 2,15,102/- Less: Deduction u/s. 80C Rs. 80,354/- ---------------------- Net Income Rs. 1,34,748/- Rounded Off to Rs. 1,34,750/- --------------------- 16. The Ld. AO has completed an Assessment

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

House Property Rs. 67,200 /- ii) Business Income Rs. 1,42,860/- iii) Income from other Sources Rs. 5,042/- --------------------- ITA Nos.1891 to 1896/Bang/2018 Page 12 of 30 Rs. 2,15,102/- Less: Deduction u/s. 80C Rs. 80,354/- ---------------------- Net Income Rs. 1,34,748/- Rounded Off to Rs. 1,34,750/- --------------------- 16. The Ld. AO has completed an Assessment

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

House Property Rs. 67,200 /- ii) Business Income Rs. 1,42,860/- iii) Income from other Sources Rs. 5,042/- --------------------- ITA Nos.1891 to 1896/Bang/2018 Page 12 of 30 Rs. 2,15,102/- Less: Deduction u/s. 80C Rs. 80,354/- ---------------------- Net Income Rs. 1,34,748/- Rounded Off to Rs. 1,34,750/- --------------------- 16. The Ld. AO has completed an Assessment

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

House Property Rs. 67,200 /- ii) Business Income Rs. 1,42,860/- iii) Income from other Sources Rs. 5,042/- --------------------- ITA Nos.1891 to 1896/Bang/2018 Page 12 of 30 Rs. 2,15,102/- Less: Deduction u/s. 80C Rs. 80,354/- ---------------------- Net Income Rs. 1,34,748/- Rounded Off to Rs. 1,34,750/- --------------------- 16. The Ld. AO has completed an Assessment

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

House Property Rs. 67,200 /- ii) Business Income Rs. 1,42,860/- iii) Income from other Sources Rs. 5,042/- --------------------- ITA Nos.1891 to 1896/Bang/2018 Page 12 of 30 Rs. 2,15,102/- Less: Deduction u/s. 80C Rs. 80,354/- ---------------------- Net Income Rs. 1,34,748/- Rounded Off to Rs. 1,34,750/- --------------------- 16. The Ld. AO has completed an Assessment

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

House Property Rs. 67,200 /- ii) Business Income Rs. 1,42,860/- iii) Income from other Sources Rs. 5,042/- --------------------- ITA Nos.1891 to 1896/Bang/2018 Page 12 of 30 Rs. 2,15,102/- Less: Deduction u/s. 80C Rs. 80,354/- ---------------------- Net Income Rs. 1,34,748/- Rounded Off to Rs. 1,34,750/- --------------------- 16. The Ld. AO has completed an Assessment

SARITA DUDHERIA,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE- 1(1)(2), BANGALORE

In the result, all the three appeals filed by assessee stands partly allowed for statistical purposes for all the years under consideration

Bench: Shri. Chandra Poojari & Smt. Beena Pillai

House Property of Rs.72,996/-, Short term capital gains of Rs.5,32,549/- and Income from Other sources of Rs.33,990/-. The assessee also earned exempt . Long term capital gains of Rs.2,93,54,121/- and dividend of Rs.13,47,615/-. A notice u/s Page 7 of 18 ITA Nos. 380 to 382/Bang/2020 148 of the Act dt.31.03.2018 was issued

SARITA DUDHERIA,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX , CIRCLE- 1(2), BANGALORE

In the result, all the three appeals filed by assessee stands partly allowed for statistical purposes for all the years under consideration

Bench: Shri. Chandra Poojari & Smt. Beena Pillai

House Property of Rs.72,996/-, Short term capital gains of Rs.5,32,549/- and Income from Other sources of Rs.33,990/-. The assessee also earned exempt . Long term capital gains of Rs.2,93,54,121/- and dividend of Rs.13,47,615/-. A notice u/s Page 7 of 18 ITA Nos. 380 to 382/Bang/2020 148 of the Act dt.31.03.2018 was issued

SARITA DUDHERIA,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX , CIRCLE- 1(2), BANGALORE

In the result, all the three appeals filed by assessee stands partly allowed for statistical purposes for all the years under consideration

Bench: Shri. Chandra Poojari & Smt. Beena Pillai

House Property of Rs.72,996/-, Short term capital gains of Rs.5,32,549/- and Income from Other sources of Rs.33,990/-. The assessee also earned exempt . Long term capital gains of Rs.2,93,54,121/- and dividend of Rs.13,47,615/-. A notice u/s Page 7 of 18 ITA Nos. 380 to 382/Bang/2020 148 of the Act dt.31.03.2018 was issued

SMT. KARISHMA SHARMA,BENGALURU vs. INCOME-TAX OFFICER, INTERNATIONAL TAXATION, WARD-2(1) , BANGALORE

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

Bench: Shri George George Kit(It)A No.99/Bang/2022 : Asst.Year 2017-2018 Ms.Karishma Sharma The Income Tax Officer, Kailash Building No.21 International Taxation V. Ward 2(1), Bangalore. Kodichikkanahalli Main Road Kaveri Nagar, Bommanahalli Bangalore – 560 068. Pan : Balps6030E. (Appellant) (Respondent) Appellant By : Sri.Ravi Shankar, Advocate Respondent By : Sri.Ganesh R.Ghale, Standing Counsel Date Of Pronouncement : 12.08.2022 Date Of Hearing : 08.08.2022 O R D E R This Appeal At The Instance Of The Assessee Is Directed Against Cit(A)’S Order Dated 29.11.2021. The Relevant Assessment Year Is 2017-2018. 2. The Solitary Issue Raised Is Whether Cash Deposit Of Rs.14.41 Lakh Can Be Considered As Unexplained?

section 234D of Rs.1,944/- in view of the fact there is no additional liability to additional tax as determined by the learned Assessing Officer. 10. The Appellant craves leave to add, alter, amend, substitute, change and delete any of the grounds of appeal. 11. For the above and other grounds that may be urged at the time of hearing

KEELUKOTE VENKATAPPA JAYARAM,KOLAR vs. DCIT, CENTRAL CIRCLE-2(2) , , BANGALORE

Appeals are disposed of as above

Bench: Shri Prashant Maharishi, Vice – & Shri Soundararajan K

house property. Additionally, the bank statement reflected a credit of Rs. 48,100/- for which no explanation was provided; consequently, this amount was added u/s. 69B of the Income Tax Act. Thus, the total income of the Assessee was assessed at Rs. 24,98,800/-. 11. For the Assessment Year 2016-17, the Assessee did not file any return

KEELUKOTE VENKATAPPA JAYARAM,KOLAR vs. DCIT, CENTRAL CIRCLE-2(2) , BANGALORE

Appeals are disposed of as above

Bench: Shri Prashant Maharishi, Vice – & Shri Soundararajan K

house property. Additionally, the bank statement reflected a credit of Rs. 48,100/- for which no explanation was provided; consequently, this amount was added u/s. 69B of the Income Tax Act. Thus, the total income of the Assessee was assessed at Rs. 24,98,800/-. 11. For the Assessment Year 2016-17, the Assessee did not file any return