NALAPAD PROPERTIES ,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOMER TAX, CENTRAL CIRCLE-2(3) , BANGALORE

155/- is not justifiable and the same is liable to\nbe deleted since the relevant asset being undivided prtion of\nthe land measuring 2Acres was transferred in the F.Y 2007-\n08.\"\n5.3 The ld. A.R. submitted that the Ld. CIT(A) for the reasons\nstated in Para 32 to 36 has held the Year of Chargeability arose in\nthe

SRI. B.V. RAVIKUMAR,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-6(3)(1), BENGALURU

Bench: Smt. Beena Pillai & Ms. Padmavathy S

155 2000000.00 Ch. No. :226895 31-03-2015 By Civil Works Incurred at Residential Property Journal 93 21240821.00 Expenses incurred at Residential house at Sadashivanagar 32743146.00 32715821.00 By , Closing Balance 27325.00 32743146.00 32743146.00 21, The ld DR submitted that the details of bills and vouchers with respect to the construction have not been produced. The ld DR also submitted that

SRI. B.V. RAVIKUMAR,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-6(3)(1), BANGALORE

Bench: Smt. Beena Pillai & Ms. Padmavathy S

155 2000000.00 Ch. No. :226895 31-03-2015 By Civil Works Incurred at Residential Property Journal 93 21240821.00 Expenses incurred at Residential house at Sadashivanagar 32743146.00 32715821.00 By , Closing Balance 27325.00 32743146.00 32743146.00 21, The ld DR submitted that the details of bills and vouchers with respect to the construction have not been produced. The ld DR also submitted that

SMT. K.R. GEETHA,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 6(3)(1), BENGALURU

Bench: Smt. Beena Pillai & Ms. Padmavathy S

155 2000000.00 Ch. No. :226895 31-03-2015 By Civil Works Incurred at Residential Property Journal 93 21240821.00 Expenses incurred at Residential house at Sadashivanagar 32743146.00 32715821.00 By , Closing Balance 27325.00 32743146.00 32743146.00 21, The ld DR submitted that the details of bills and vouchers with respect to the construction have not been produced. The ld DR also submitted that

SMT. K.R. GEETHA,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 6(3)(1), BENGALURU

Bench: Smt. Beena Pillai & Ms. Padmavathy S

155 2000000.00 Ch. No. :226895 31-03-2015 By Civil Works Incurred at Residential Property Journal 93 21240821.00 Expenses incurred at Residential house at Sadashivanagar 32743146.00 32715821.00 By , Closing Balance 27325.00 32743146.00 32743146.00 21, The ld DR submitted that the details of bills and vouchers with respect to the construction have not been produced. The ld DR also submitted that

M/S. RMZ HOTELS PRIVATE LIMITED,BANGALORE vs. NATIONAL E-ASSESSMENT CENTRE, DELHI

In the result, the appeal of the assessee is allowed

Bench: Shri Chandra Poojariassessment Year: 2018-19

155 (HL), it was held by the House of Lords that in order to claim a deduction, it is enough to show that the money is expended, not of necessity and with a view to direct and immediate benefit, but voluntarily and on grounds of commercial expediency and in order to indirectly to facilitate the carrying on the business

DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(3), BENGLAURU vs. SHRI KEMPAREDDY GOVINDRAJU, DOMLUR, BENGALURU

In the result the appeals of the assessee in ITA No’s 1022 to 1024/ Bang/ 2024, for the Assessment Years 2014-15, 2015-16 and 2016-17 are allowed and the appeals of the Revenue in ITA Nos

Bench: Shri Laxmi Prasad Sahu & Shri Soundarajan K

House property ITA Nos.1021 to 1024/Bang/2024 ITA Nos.1290 to 1292/Bang/2024 Page 37 of 155 and Income from Other Sources. He also admitted agricultural income of Rs.91,000/-. The return of income was processed under section

M/S. TATA ELXSI LIMITED,BANGALORE vs. DEPUTY COMMISSIONER INCOME TAX, CIRCLE-7(1)(1), BANGALORE

property,\nprofits and gains of business or profession, capital gains and income from other\nsources. Insofar as income under the head 'profits and gains of business or\nprofessions' is concerned, provisions thereto are contained in Sections 28 to 44DB of\nthe Act. Section 28 specifies various incomes which shall be chargeable to income tax\nunder this head. Thereafter, Section

M/S. OLIVIA APPARELS PRIVATE LIMITED,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), BANGALORE

In the result, all the appeals filed by the revenue and the assessee are dismissed

Bench: Shri N.V. Vasudevan & Ms. Padmavathy S

155 shall apply; [(v) where such debt or part of debt relates to advances made by an assessee to which clause (viia) of sub-section (1) applies, no such deduction shall be allowed unless the assessee has debited the amount of such debt or part of debt in that previous year to the provision for bad and doubtful debts account

THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), BANGALORE vs. M/S OLIVIYA APPARELS PRIVATE LIMITED, BANGALORE

In the result, all the appeals filed by the revenue and the assessee are dismissed

Bench: Shri N.V. Vasudevan & Ms. Padmavathy S

155 shall apply; [(v) where such debt or part of debt relates to advances made by an assessee to which clause (viia) of sub-section (1) applies, no such deduction shall be allowed unless the assessee has debited the amount of such debt or part of debt in that previous year to the provision for bad and doubtful debts account

THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), BANGALORE vs. M/S OLIVIYA APPARELS PRIVATE LIMITED, BANGALORE

In the result, all the appeals filed by the revenue and the assessee are dismissed

Bench: Shri N.V. Vasudevan & Ms. Padmavathy S

155 shall apply; [(v) where such debt or part of debt relates to advances made by an assessee to which clause (viia) of sub-section (1) applies, no such deduction shall be allowed unless the assessee has debited the amount of such debt or part of debt in that previous year to the provision for bad and doubtful debts account

M/S OLIVIA APPARELS PRIVATE LIMITED,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), BANGALORE

In the result, all the appeals filed by the revenue and the assessee are dismissed

Bench: Shri N.V. Vasudevan & Ms. Padmavathy S

155 shall apply; [(v) where such debt or part of debt relates to advances made by an assessee to which clause (viia) of sub-section (1) applies, no such deduction shall be allowed unless the assessee has debited the amount of such debt or part of debt in that previous year to the provision for bad and doubtful debts account

M/S OLIVIA APPARELS PRIVATE LIMITED,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3), BANGALORE

In the result, all the appeals filed by the revenue and the assessee are dismissed

Bench: Shri N.V. Vasudevan & Ms. Padmavathy S

155 shall apply; [(v) where such debt or part of debt relates to advances made by an assessee to which clause (viia) of sub-section (1) applies, no such deduction shall be allowed unless the assessee has debited the amount of such debt or part of debt in that previous year to the provision for bad and doubtful debts account

SHRI. KEMPAREDDY GOVINDRAJ,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(3) , BENGALURU

In the result the appeals of the assessee in ITA No’s 1022 to\n1024/ Bang/ 2024, for the

House property\n\nITA Nos.1021 to 1024/Bang/2024\nITA Nos.1290 to 1292/Bang/2024\nPage 36 of 155\n\nand Income from Other Sources. He also admitted agricultural income\nof Rs.91,000/-. The return of income was processed under section

DALAVAI AUDIKESAVULU SRINIVAS L/H OF LATE SMT D A SATHYAPRABHA,BANGALORE vs. DCIT, CENTRAL CIRCLE-2(1), BANGALORE

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

Bench: Shri Waseem Ahmed & Shri Soundararajan K.

house property and income from other sources. The AO had not established that the amounts were transferred from one person to another in order to treat the said transactions as related to the assessee. 12. As admitted by the authorities, it is a loose sheet which does not contain transactions on a continuous basis. The authorities had failed to correlate

DALAVAI AUDIKESAVULU SRINIVAS L/H OF LATE SMT D A SATHYAPRABHA,BENGALURU vs. DCIT, CENTRAL CIRCLE-2(1), BANGALORE

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

Bench: Shri Waseem Ahmed & Shri Soundararajan K.

house property and income from other sources. The AO had not established that the amounts were transferred from one person to another in order to treat the said transactions as related to the assessee. 12. As admitted by the authorities, it is a loose sheet which does not contain transactions on a continuous basis. The authorities had failed to correlate

SMT. REKHA GANESH,DAVANGERE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1), DAVANGERE

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

property' and\n'other source'. She is also a partner in the firms namely M/s S.S. Trading\nCompany and M/s Lakshmi Flour Mills. As such, search u/s 132 of the\nAct was conducted in the case of Nirav Modi Group/Firestar Group/ M/s\nFirestar Diamond International Pvt Ltd. dated 14/01/2017. In connection\nwith the impugned search, a survey proceeding under section

M/S. TATA ELXSI LIMITED., ,BANGALORE vs. DEPUTY COMMISSIONER INCOME TAX, CIRCLE-7(1)(1), BANGALORE

In the result, all the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri George George K. & Shri Chandra Poojari

property, profits and gains of business or profession, capital gains and income from other sources. Insofar as income under the head 'profits and gains of business or professions' is concerned, provisions thereto are contained in Sections 28 to 44DB of the Act. Section 28 specifies various incomes which shall be chargeable to income tax under this head. Thereafter, Section