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

section\n24 of the Act.\nTax effect\nrelating to each\nGround of\nAppeal\n(Rs.)\nRs. 4,98,547/-\nRs. 84,96,160/-\nRs.1,61,266/-\nPage 3 of 11\nITA No. 849/Bang/2025\n2. The brief facts of the case are that the assessee is in the business of\nreal estate development, real estate project management, construction of\nretail

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

196) (AAR) New Delhi.\n5.5 He submitted that on Parity of reasoning mentioned in the\nabove cases, the transfer of land arose in pursuance of JDA dated\n17-01-2008 relevant to the A.Y. 2008-09 and not in the A.Υ. 2017-\n18. In this regard the Ld. CIT(A) was of the opinion that the above\ndecisions were

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

196 Taxman 87. 7. The CIT(A) after considering the submissions of the assessee confirmed the disallowance of claim u/s 54F of the Act stating that – (i) the plot of open land is involved in the JDA and not a house; (ii) the plot was converted into apartment complex in which the assessee received 14 flats towards his share

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

196 is as under : (i) Once a search takes place under section 132, notice under section 153A(1) will have to be mandatorily issued to the person searched requiring him to file returns for six assessment years immediately preceding the previous year relevant to the assessment year in which the search takes place. (ii) Assessments and reassessments pending

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

196 is as under : (i) Once a search takes place under section 132, notice under section 153A(1) will have to be mandatorily issued to the person searched requiring him to file returns for six assessment years immediately preceding the previous year relevant to the assessment year in which the search takes place. (ii) Assessments and reassessments pending

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(3),, BANGALORE vs. M/S CONC SHADE CONSTRUCTIONS PVT LTD , CHIKKAMANGALUR

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

property belongs to Sh. C.T.Ravi, however the construction was done by the assessee company. 10. In response to the notice u/s. 153C of the Act the Assessee Company filed his returns & assessments duly completed thereafter with the following additions being made to the Income Returned for the impugned assessment years: ITA Nos.299 to 301/Bang/2018 Page 8 of 42 Details

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(3), BANGALORE , BANGALORE vs. M/S CONC SHADE CONSTRUCTION PVT LTD , CHIKKAMANGALUR

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

property belongs to Sh. C.T.Ravi, however the construction was done by the assessee company. 10. In response to the notice u/s. 153C of the Act the Assessee Company filed his returns & assessments duly completed thereafter with the following additions being made to the Income Returned for the impugned assessment years: ITA Nos.299 to 301/Bang/2018 Page 8 of 42 Details

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(3) , BANGALORE vs. M/S CONC SHADE CONSTRUCTION PVT LTD , CHIKKAMANGALUR

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

property belongs to Sh. C.T.Ravi, however the construction was done by the assessee company. 10. In response to the notice u/s. 153C of the Act the Assessee Company filed his returns & assessments duly completed thereafter with the following additions being made to the Income Returned for the impugned assessment years: ITA Nos.299 to 301/Bang/2018 Page 8 of 42 Details

UPAMA ROY,KARNATAKA vs. INCOME TAX OFFICER-WARD-5(3) (4), KARNATAKA

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

Bench: Shri Prashant Maharishi, Vice –

196,833 and income from house property. 3. Subsequently, information was received regarding the assessee's involvement in trading, specifically the sale and purchase of bitcoins, with capital gains not disclosed in the income tax return. It was determined that, for the relevant assessment year, the assessee transacted in bitcoins amounting to ₹18,50,795 yet failed to declare

M/S. MURUDESHWAR CERAMICS LIMITED,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 2(3), BANGALORE

In the result, all the appeals filed by the assessees are dismissed, except ITA No

Bench: Shri Chandra Poojari, Am & Smt. Beena Pillai, Jm

Housing (supra) was also a case where some material was unearthed during the search. Further, the High Court was clear that the addition to the income already disclosed would have to be based on some material unearthed during the search. This is clear from the observation in para 9 of the decision to the effect: "The AO is empowered

M/S. MURUDESHWAR CERAMICS LIMITED,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 2(3), BANGALORE

In the result, all the appeals filed by the assessees are dismissed, except ITA No

Bench: Shri Chandra Poojari, Am & Smt. Beena Pillai, Jm

Housing (supra) was also a case where some material was unearthed during the search. Further, the High Court was clear that the addition to the income already disclosed would have to be based on some material unearthed during the search. This is clear from the observation in para 9 of the decision to the effect: "The AO is empowered

M/S. MURUDESHWAR CERAMICS LIMITED,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 2(3), BANGALORE

In the result, all the appeals filed by the assessees are dismissed, except ITA No

Bench: Shri Chandra Poojari, Am & Smt. Beena Pillai, Jm

Housing (supra) was also a case where some material was unearthed during the search. Further, the High Court was clear that the addition to the income already disclosed would have to be based on some material unearthed during the search. This is clear from the observation in para 9 of the decision to the effect: "The AO is empowered

M/S. MURUDESHWAR CERAMICS LIMITED,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 2(3), BANGALORE

In the result, all the appeals filed by the assessees are dismissed, except ITA No

Bench: Shri Chandra Poojari, Am & Smt. Beena Pillai, Jm

Housing (supra) was also a case where some material was unearthed during the search. Further, the High Court was clear that the addition to the income already disclosed would have to be based on some material unearthed during the search. This is clear from the observation in para 9 of the decision to the effect: "The AO is empowered

M/S. MURUDESHWAR CERAMICS LIMITED,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 2(3), BANGALORE

In the result, all the appeals filed by the assessees are dismissed, except ITA No

Bench: Shri Chandra Poojari, Am & Smt. Beena Pillai, Jm

Housing (supra) was also a case where some material was unearthed during the search. Further, the High Court was clear that the addition to the income already disclosed would have to be based on some material unearthed during the search. This is clear from the observation in para 9 of the decision to the effect: "The AO is empowered

M/S. MURUDESHWAR CERAMICS LIMITED,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 2(3), BANGALORE

In the result, all the appeals filed by the assessees are dismissed, except ITA No

Bench: Shri Chandra Poojari, Am & Smt. Beena Pillai, Jm

Housing (supra) was also a case where some material was unearthed during the search. Further, the High Court was clear that the addition to the income already disclosed would have to be based on some material unearthed during the search. This is clear from the observation in para 9 of the decision to the effect: "The AO is empowered

M/S. MURUDESHWAR CERAMICS LIMITED,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 2(3), BANGALORE

In the result, all the appeals filed by the assessees are dismissed, except ITA No

Bench: Shri Chandra Poojari, Am & Smt. Beena Pillai, Jm

Housing (supra) was also a case where some material was unearthed during the search. Further, the High Court was clear that the addition to the income already disclosed would have to be based on some material unearthed during the search. This is clear from the observation in para 9 of the decision to the effect: "The AO is empowered

M/S. MURUDESHWAR CERAMICS LIMITED,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 2(3), BANGALORE

In the result, all the appeals filed by the assessees are dismissed, except ITA No

Bench: Shri Chandra Poojari, Am & Smt. Beena Pillai, Jm

Housing (supra) was also a case where some material was unearthed during the search. Further, the High Court was clear that the addition to the income already disclosed would have to be based on some material unearthed during the search. This is clear from the observation in para 9 of the decision to the effect: "The AO is empowered

M/S. MURUDESHWAR CERAMICS LIMITED,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 2(3), BANGALORE

In the result, all the appeals filed by the assessees are dismissed, except ITA No

Bench: Shri Chandra Poojari, Am & Smt. Beena Pillai, Jm

Housing (supra) was also a case where some material was unearthed during the search. Further, the High Court was clear that the addition to the income already disclosed would have to be based on some material unearthed during the search. This is clear from the observation in para 9 of the decision to the effect: "The AO is empowered