G CORP PRIVATE LIMITED ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME-TAX 3(1)(2), BANGALORE

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

House Property, the\nAssessing Officer is required to allow full\ndeduction for the same amount collected\nand retained by Lido while determining\nthe Annual value of the property under\nsection 23 of the Income-tax Act.\nWithout Prejudice to Ground Nos.3 to 5,\nCAM charges could only be taxed as\nBusiness Income in the hands of the\nAppellant

KALKERE PUTTARAJU VAJRAMUNIE, ROYAL HERMITAGE, KALKERE B.O, KALKERE vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 1(4) BANGALORE, BANGALORE, KARNATAKA

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Waseem Ahmed & Shri Soundararajan K

house property and other sources and after claiming deduction under chapter VI-A of the Act disclosed taxable income of Rs. 24,55,060/- only. 26. The AO completed the assessment under section 144 of the Act assessing the total income at Rs. 24,79,352/- without allowing deduction as claimed and raised a demand of Rs. 9,85482/- consisting

KALKERE PUTTARAJU VAJRAMUNIE, ROYAL HERMITAGE, KALKERE B.O, KALKERE vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE 1(4) BANGALORE, BANGALORE, KARNATAKA

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri Waseem Ahmed & Shri Soundararajan K

house property and other sources and after claiming deduction under chapter VI-A of the Act disclosed taxable income of Rs. 24,55,060/- only. 26. The AO completed the assessment under section 144 of the Act assessing the total income at Rs. 24,79,352/- without allowing deduction as claimed and raised a demand of Rs. 9,85482/- consisting

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

160.\nb) General Power of Attorney consisting of page No. 169 to\n173.\nc) Supplementary Agreement between Nalapad Hotels and\nConvention Centres and M/s. Brigade Enterprises Ltd.\nconsisting of pages No. 174 to 179.\nd) General Power of Attorney – page No. 180 to 191.\n5.1 He submitted that the above documents were impounded on\n28-12-2017 and marked

ARUN DURAISWAMY,MYSORE, KARNATAKA vs. ITO, INTL. TAXATION WARD 1(1), BANGALORE

In the result the appeal filed by the assessee is allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

housing loan from HDFC Bank to the extent of Rs.55,00,000/-. The statement of HDFC Loan account was also submitted before the AO and as well as DRP. Further, with regard to balance of funding to the extent of Rs.14,00,000/- for the property, the assessee explained as below- 1. Rs.5,00,000/- was paid through vide

SHRI. P. KRISHNA REDDY,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 3(3)(1), BANGALORE

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

Bench: Shri George George K, Jm & Ms.Padmavathy S, Am

160 towards investment made in house property. The case was selected for scrutiny and the assessment was completed u/s 143(3) of the Act by the learned Assessing Officer (AO) ACIT, Circle 3(3)(1) vide order dated 31.10.2017 wherein the A.O. has disallowed the entire deduction claimed u/s 54F of the Act. 2 Sri P.Krishna Reddy 3. The assessee

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

Bench: Smt. Beena Pillai & Ms. Padmavathy S

160 of paper book dated 23.08.2022 20. With regard to the contention that the details of construction have not been submitted, the ld AR submitted before the bench the ledger copies in respect of two properties viz. Industrial Suburb, Rajajinagar and Sadashivnagar Property explaining the movement in the balances due to cost of construction. The ld AR 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

160 of paper book dated 23.08.2022 20. With regard to the contention that the details of construction have not been submitted, the ld AR submitted before the bench the ledger copies in respect of two properties viz. Industrial Suburb, Rajajinagar and Sadashivnagar Property explaining the movement in the balances due to cost of construction. The ld AR also submitted that

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

Bench: Smt. Beena Pillai & Ms. Padmavathy S

160 of paper book dated 23.08.2022 20. With regard to the contention that the details of construction have not been submitted, the ld AR submitted before the bench the ledger copies in respect of two properties viz. Industrial Suburb, Rajajinagar and Sadashivnagar Property explaining the movement in the balances due to cost of construction. The ld AR 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

160 of paper book dated 23.08.2022 20. With regard to the contention that the details of construction have not been submitted, the ld AR submitted before the bench the ledger copies in respect of two properties viz. Industrial Suburb, Rajajinagar and Sadashivnagar Property explaining the movement in the balances due to cost of construction. The ld AR also submitted that

KAMAL KOTHARI ,CHANNAPATNA vs. INCOME TAX OFFICER, WARD-1, , RAMNAGAR

In the result, appeal filed by the assessee is allowed

Bench: Shri George George Kassessment Year : 2017-18 Shri. Kamal Kothari, Vs. Ito, Prop: M/S. B. L. Bankers, Ward – 1, M. G. Road, Ramnagar. Channapatna – 562 160. Pan : Bcgpk 1898 B Appellant Respondent Assessee By : Smt. Suman Lunkar, Ca Revenue By : Shri. Ganesh R Ghale, Advocate, Standing Counsel For Revenue. Date Of Hearing : 21.11.2023 Date Of Pronouncement : 23.11.2023

160. PAN : BCGPK 1898 B APPELLANT RESPONDENT Assessee by : Smt. Suman Lunkar, CA Revenue by : Shri. Ganesh R Ghale, Advocate, Standing Counsel for Revenue. Date of hearing : 21.11.2023 Date of Pronouncement : 23.11.2023 O R D E R This appeal at the instance of the assessee is directed against CIT(A)’s order dated 06.09.2023, passed under section

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

house property, it can also set up another line of business, it may even pay dividends out of this income to its shareholders. There is no overriding title of anybody diverting the income at source to pay the amount to the creditors of the company. It is well- settled that tax is attracted at the point when the income

SHRI M. THIMMEGOWDA,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(3), BANGALORE

In the result, both the appeals by the assessee are partly allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

section 2(14) and there was no capital gains tax ITA Nos.1035 & 1036/Bang/2019 Page 45 of 78 arising out of such sales within the meaning of the definition of the term “capital asset”. Since the assessee did not offer any capital gain and claimed that it was agricultural land though it was converted into non-agricultural residential purpose, the case

SHRI M. THIMMEGOWDA,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(3), BANGALORE

In the result, both the appeals by the assessee are partly allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillai

section 2(14) and there was no capital gains tax ITA Nos.1035 & 1036/Bang/2019 Page 45 of 78 arising out of such sales within the meaning of the definition of the term “capital asset”. Since the assessee did not offer any capital gain and claimed that it was agricultural land though it was converted into non-agricultural residential purpose, the case

RAHUL MEKA ,BENGALURU vs. INCOME TAX OFFICER, WARD INTERNATIONAL TAXATION-1(2) , BENGALURU

In the result, appeal filed by the assessee is allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

property in a new residential house is eligible for claim of exemption under section 54 F of the Act, and ought to have given all the benefits and exemptions available as per the statute, on the facts and circumstances of the case. 5. Without prejudice, to the right to seek waiver as per the parity of reasoning of the decision

MR. BHASKAR JOSEPH,BANGALORE vs. INCOME TAX OFFICER, WARD- 6(2)(2), BANGALORE

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

Bench: Shri Chandra Poojariassessment Year: 2015-16

160/- and thereafter made addition towards undisclosed profit u/s. 68 of the Act. In other words, the Assessing Officer has not at all rejected the books of accounts of the assessee. Section 44AD provides that where the assessee is engaged in eligible business as proprietor under that section, a sum equal to 8% of the gross receipts shall be deemed

LATE SMT.K.LEELAVATHY, BY L/R SHRI M.THIMMEGOWDA ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(3), BANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

property, conversion of the land from agricultural to non- agricultural residential purpose are briefly set out by the Assessing Officer in his order at pages 5 to 7. In the GPA executed by Narasimhaiah and Chikkaputtaiah, they stated that they are the owners of the land admeasuring 3 acres each and further stated that they had applied for conversion

LATE SMT.K.LEELAVATHY BY L/R SHRI M.THIMMEGOWDA ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(3), BANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

property, conversion of the land from agricultural to non- agricultural residential purpose are briefly set out by the Assessing Officer in his order at pages 5 to 7. In the GPA executed by Narasimhaiah and Chikkaputtaiah, they stated that they are the owners of the land admeasuring 3 acres each and further stated that they had applied for conversion

LATE SMT.K>LEELAVATHY BY L/R SHRI.M.THIMMEGOWDA ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(3), BANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

property, conversion of the land from agricultural to non- agricultural residential purpose are briefly set out by the Assessing Officer in his order at pages 5 to 7. In the GPA executed by Narasimhaiah and Chikkaputtaiah, they stated that they are the owners of the land admeasuring 3 acres each and further stated that they had applied for conversion