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990 results for “house property”+ Section 2(22)(e)clear

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Key Topics

Section 153A87Addition to Income64Section 143(3)63Section 153C48Section 13234Section 201(1)27Section 10A25Section 6823Section 20121

DCIT, BANGALORE vs. SHRI. SUMIR J HINDUJA, BANGALORE

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

ITA 1374/BANG/2012[2006-07]Status: DisposedITAT Bangalore22 Jul 2022AY 2006-07

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2006-07 Shri Jagadish N. Hinduja Deputy Commissioner Of Income- No.7 & 12, Industrial Suburb Tax Tumkur Road Vs. Circle 11(3) Yeshwanthpur Bangalore Bangalore 560 022 Pan No.Aacph7291Q Appellant Respondent Assessment Year: 2006-07 Shri Sumir J. Hinduja Deputy Commissioner Of Income- No.7 & 12, Industrial Suburb Tax Tumkur Road Vs. Circle 11(3) Yeshwanthpur Bangalore Bangalore 560 022 Pan No.Aaeph5197H Appellant Respondent C.O. No.48/Bang/2013 (Arising Out Of Ita No.1373/Bang/2012) Assessment Year: 2006-07 Shri Jagadish N. Hinduja Vs. Dcit, Circl-11(3),Bangalore Appellant Respondent C.O. No.49/Bang/2013 (Arising Out Of Ita No.1374/Bang/2012) Assessment Year: 2006-07 Shri Sumir J. Hinduja Vs. Dcit, Circl-11(3),Bangalore Appellant Respondent Appellant By : Shri Susan Dolores George, D.R. Respondent By : Shri Ashok A Kulkarni, A.R.

For Appellant: Shri Susan Dolores George, D.RFor Respondent: Shri Ashok A Kulkarni, A.R
Section 147Section 148Section 2(22)(e)

house at Coonoor 'Rs.43,57,400). h) In respect of payments made by Gokuldas Images to Personality Limited, the corresponding voucher entries / bank statements of M/s. GIPL. i) Copy of General Ledger Report from 1.4.2005 to 31.3.2006 under the head " General Ledger -Loans to Directors" in the group name "Loans and advances" as appearing in the books of M/s. Gokaldas

Showing 1–20 of 990 · Page 1 of 50

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TDS20
Deduction17
Disallowance17

DCIT, BANGALORE vs. SHRI. JAGADISH N HINDUJA, BANGALORE

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

ITA 1373/BANG/2012[2006-07]Status: DisposedITAT Bangalore22 Jul 2022AY 2006-07

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2006-07 Shri Jagadish N. Hinduja Deputy Commissioner Of Income- No.7 & 12, Industrial Suburb Tax Tumkur Road Vs. Circle 11(3) Yeshwanthpur Bangalore Bangalore 560 022 Pan No.Aacph7291Q Appellant Respondent Assessment Year: 2006-07 Shri Sumir J. Hinduja Deputy Commissioner Of Income- No.7 & 12, Industrial Suburb Tax Tumkur Road Vs. Circle 11(3) Yeshwanthpur Bangalore Bangalore 560 022 Pan No.Aaeph5197H Appellant Respondent C.O. No.48/Bang/2013 (Arising Out Of Ita No.1373/Bang/2012) Assessment Year: 2006-07 Shri Jagadish N. Hinduja Vs. Dcit, Circl-11(3),Bangalore Appellant Respondent C.O. No.49/Bang/2013 (Arising Out Of Ita No.1374/Bang/2012) Assessment Year: 2006-07 Shri Sumir J. Hinduja Vs. Dcit, Circl-11(3),Bangalore Appellant Respondent Appellant By : Shri Susan Dolores George, D.R. Respondent By : Shri Ashok A Kulkarni, A.R.

For Appellant: Shri Susan Dolores George, D.RFor Respondent: Shri Ashok A Kulkarni, A.R
Section 147Section 148Section 2(22)(e)

house at Coonoor 'Rs.43,57,400). h) In respect of payments made by Gokuldas Images to Personality Limited, the corresponding voucher entries / bank statements of M/s. GIPL. i) Copy of General Ledger Report from 1.4.2005 to 31.3.2006 under the head " General Ledger -Loans to Directors" in the group name "Loans and advances" as appearing in the books of M/s. Gokaldas

WEP PERIPHERALS LTD,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-7(1)(2), BANGALORE

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

ITA 1905/BANG/2017[2012-13]Status: DisposedITAT Bangalore14 Jul 2022AY 2012-13

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2012 – 13

For Appellant: Shri K.R. Pradeep, A.R. &For Respondent: Shri Srinivas Rao Bandaru, D.R
Section 143(3)Section 2(22)(e)

Housing & Infrastructure (P) Ltd. 59 CCH 0141. m) He submitted that when the lender EPL has declared dividend and paid dividend distribution tax, there is no intention to avoid payment of dividend distribution tax u/s 115-O of the Act and provisions of section 2(22)(e) of the Act cannot be applied. For this purpose, he relied

M/S ASSETZ INFRASTRUCTURE PRIVATE LIMITED ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1(1)(1), BANGALORE

In the result, the grounds 3

ITA 563/BANG/2019[2014-15]Status: DisposedITAT Bangalore23 Mar 2022AY 2014-15

Bench: Shri George George K. & Shri B.R. Baskaranassessment Year:2014-15

For Appellant: Shri Padam Chand Khincha, A.RFor Respondent: Smt. Priyadarshini Besaganni, D.R
Section 2(22)(e)

House, No.30, 3rd Floor Deputy Commissioner of Crescent Road Income-tax Vs. Bengaluru 560 001 Circle-2(2) Bengaluru PAN NO : AAGCA7614K APPELLANT RESPONDENT Appellant by : Shri Padam Chand Khincha, A.R. Respondent by : Smt. Priyadarshini Besaganni, D.R. Date of Hearing : 06.01.2022 Date of Pronouncement : 23.03.2022 O R D E R PER B.R. BASKARAN, ACCOUNTANT MEMBER: This appeal was originally disposed

SMT.VIDYA DEVI LADHANI,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX, BANGALORE

In the result, the appeals of the assessees are allowed

ITA 118/BANG/2017[2009-2010]Status: DisposedITAT Bangalore07 Apr 2017AY 2009-2010

Bench: Shri Vijay Pal Rao

For Appellant: Shri V. Srinivasan, AdvocateFor Respondent: Shri G.R. Reddy, CIT (DR) (ITAT)-1, Bengaluru
Section 132Section 143(1)Section 143(2)Section 153ASection 2(22)(e)

22)(e) cannot be made in the reassessment as there was no incriminating material the assessees. 8. On the other hand, the learned Departmental Representative has submitted that Section 153A permits assessment or reassessment of the total income and it is open to the Assessing Officer to assess or reassess any income during the course of assessment under Section 153A

SHRI. KOLA VENKAT RAMA NAIDU,BANGALORE vs. THE COMMISSIONER OF INCOME TAX (APPEALS) - 6, BANGALORE

In the result, the appeal of the assessee is partly allowed

ITA 206/BANG/2020[2010-11]Status: DisposedITAT Bangalore05 Aug 2022AY 2010-11

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2010-11

For Appellant: Shri V. Srinivasan, A.RFor Respondent: Shri Sumer Singh Meena, D.R
Section 133ASection 2(47)(v)Section 250

E R PER CHANDRA POOJARI, ACCOUNTANT MEMBER: This appeal by the assessee is directed against order of the CIT(A) dated 21.11.2019. The assessee has raised following grounds of appeal:- The impugned order dated 16.11.2019 passed by the (2) Assistant Commissioner of Income Tax, Appeal - 6 under section 250 of the Income Tax Act 1961 for assessment year

M/S PRESTIGE ESTATES PROJECTS LIMITED ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-18(1), BANGALORE

In the result, the appeal of the assessee is allowed

ITA 813/BANG/2019[2014-15]Status: DisposedITAT Bangalore02 Mar 2021AY 2014-15

Bench: Shri N.V.Vasudevan, Vp & Shri Chandra Poojari, Am

For Appellant: Sri.Padamchand Khincha, CAFor Respondent: Smt.R.Premi, JCIT-DR
Section 191Section 194Section 201Section 201(1)Section 206ASection 4

section 53A of the Transfer of Property Act. This agreement cannot, therefore, be said to be in the nature of a contract referred to in section 53A of the Transfer of Property Act. It cannot, therefore, be said that the provisions of section 2(47)(v) will apply in the situation before us. Considering the facts and circumstances

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-6(2)(1), BANGALORE vs. SRI C GANGADHARA MURTHY , BANGALORE

In the result, the appeal filed by the Revenue is allowed for statistical purpose

ITA 2400/BANG/2018[2012-13]Status: DisposedITAT Bangalore16 Aug 2022AY 2012-13

Bench: Shri N.V. Vasudevan & Shri Laxmi Prasad Sahuthe Dy. Commissioner Of Vs Shri C. Gangadhara Murthy Income-Tax, No. 322, 3Rd A Corss, 2Nd Block Circle - 6(2)(1) 3Rd Stage, Basaveshwaranagar Bangalore . Bangalore 560079. Pan – Agipg 2668 N (Appellant) (Respondent)

For Appellant: Shri Narendra Sharma, AdvocateFor Respondent: Shri Sumer Singh Meena, CIT-DR
Section 142(1)Section 143(1)Section 143(2)Section 147Section 148Section 2

e-return. The manual copy of the return filed is filed. As per the AIR and CIB information base, it is also seen that the assessee has deposited a total cash of Rs.1,12,02,680 in the Savings Bank Accounts maintained by him. 3 As per the AIR information, the assessee has also received interest of Rs.1

MR. A. MOHIUDDIN,MANGALORE vs. ACIT, MANGALORE

In the result, the appeals of the assessees in ITA

ITA 166/BANG/2011[2007-08]Status: DisposedITAT Bangalore25 Jan 2017AY 2007-08

Bench: Shri Sunil Kumar Yadav & Shri S. Jayaraman

For Appellant: Shri V. Srinivasan, AdvocateFor Respondent: Shri K.V. Aravind, Standing Counsel
Section 132(4)Section 139Section 153ASection 2(22)(e)

section 2(22)(e) are not applicable. It was further explained that the deemed dividend of Rs.4,67,300/- as on 16.02.2006 arose because of the two payments made for purchase of house, which was intended to be purchased by the company to be provided to the Managing Director. The company ought to have debited Rs.5,00,000/- each aggregating

MRS. SHAHANAZ MOHIUDDIN,MANGALORE vs. ACIT, MANGALORE

In the result, the appeals of the assessees in ITA

ITA 1088/BANG/2012[2007-08]Status: DisposedITAT Bangalore25 Jan 2017AY 2007-08

Bench: Shri Sunil Kumar Yadav & Shri S. Jayaraman

For Appellant: Shri V. Srinivasan, AdvocateFor Respondent: Shri K.V. Aravind, Standing Counsel
Section 132(4)Section 139Section 153ASection 2(22)(e)

section 2(22)(e) are not applicable. It was further explained that the deemed dividend of Rs.4,67,300/- as on 16.02.2006 arose because of the two payments made for purchase of house, which was intended to be purchased by the company to be provided to the Managing Director. The company ought to have debited Rs.5,00,000/- each aggregating

MR. A. MOHIUDDIN,,MANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX,, MANGALORE

In the result, the appeals of the assessees in ITA

ITA 1223/BANG/2010[2006-07]Status: DisposedITAT Bangalore25 Jan 2017AY 2006-07

Bench: Shri Sunil Kumar Yadav & Shri S. Jayaraman

For Appellant: Shri V. Srinivasan, AdvocateFor Respondent: Shri K.V. Aravind, Standing Counsel
Section 132(4)Section 139Section 153ASection 2(22)(e)

section 2(22)(e) are not applicable. It was further explained that the deemed dividend of Rs.4,67,300/- as on 16.02.2006 arose because of the two payments made for purchase of house, which was intended to be purchased by the company to be provided to the Managing Director. The company ought to have debited Rs.5,00,000/- each aggregating

MR. A. MOHIUDDIN,MANGALORE vs. ACIT, MANGALORE

In the result, the appeals of the assessees in ITA

ITA 164/BANG/2011[2004-05]Status: DisposedITAT Bangalore25 Jan 2017AY 2004-05

Bench: Shri Sunil Kumar Yadav & Shri S. Jayaraman

For Appellant: Shri V. Srinivasan, AdvocateFor Respondent: Shri K.V. Aravind, Standing Counsel
Section 132(4)Section 139Section 153ASection 2(22)(e)

section 2(22)(e) are not applicable. It was further explained that the deemed dividend of Rs.4,67,300/- as on 16.02.2006 arose because of the two payments made for purchase of house, which was intended to be purchased by the company to be provided to the Managing Director. The company ought to have debited Rs.5,00,000/- each aggregating

MR. A. MOHIUDDIN,MANGALORE vs. ACIT, MANGALORE

In the result, the appeals of the assessees in ITA

ITA 163/BANG/2011[2003-04]Status: DisposedITAT Bangalore25 Jan 2017AY 2003-04

Bench: Shri Sunil Kumar Yadav & Shri S. Jayaraman

For Appellant: Shri V. Srinivasan, AdvocateFor Respondent: Shri K.V. Aravind, Standing Counsel
Section 132(4)Section 139Section 153ASection 2(22)(e)

section 2(22)(e) are not applicable. It was further explained that the deemed dividend of Rs.4,67,300/- as on 16.02.2006 arose because of the two payments made for purchase of house, which was intended to be purchased by the company to be provided to the Managing Director. The company ought to have debited Rs.5,00,000/- each aggregating

MR. A. MOHIUDDIN,MANGALORE vs. ACIT, MANGALORE

In the result, the appeals of the assessees in ITA

ITA 167/BANG/2011[2008-09]Status: DisposedITAT Bangalore25 Jan 2017AY 2008-09

Bench: Shri Sunil Kumar Yadav & Shri S. Jayaraman

For Appellant: Shri V. Srinivasan, AdvocateFor Respondent: Shri K.V. Aravind, Standing Counsel
Section 132(4)Section 139Section 153ASection 2(22)(e)

section 2(22)(e) are not applicable. It was further explained that the deemed dividend of Rs.4,67,300/- as on 16.02.2006 arose because of the two payments made for purchase of house, which was intended to be purchased by the company to be provided to the Managing Director. The company ought to have debited Rs.5,00,000/- each aggregating

ACIT, MANGALORE vs. MRS. SHAHANAZ MOHIUDDIN, MANGALORE

In the result, the appeals of the assessees in ITA

ITA 1118/BANG/2012[2007-08]Status: DisposedITAT Bangalore25 Jan 2017AY 2007-08

Bench: Shri Sunil Kumar Yadav & Shri S. Jayaraman

For Appellant: Shri V. Srinivasan, AdvocateFor Respondent: Shri K.V. Aravind, Standing Counsel
Section 132(4)Section 139Section 153ASection 2(22)(e)

section 2(22)(e) are not applicable. It was further explained that the deemed dividend of Rs.4,67,300/- as on 16.02.2006 arose because of the two payments made for purchase of house, which was intended to be purchased by the company to be provided to the Managing Director. The company ought to have debited Rs.5,00,000/- each aggregating

MR. A. MOHIUDDIN,MANGALORE vs. ACIT, MANGALORE

In the result, the appeals of the assessees in ITA

ITA 165/BANG/2011[2005-06]Status: DisposedITAT Bangalore25 Jan 2017AY 2005-06

Bench: Shri Sunil Kumar Yadav & Shri S. Jayaraman

For Appellant: Shri V. Srinivasan, AdvocateFor Respondent: Shri K.V. Aravind, Standing Counsel
Section 132(4)Section 139Section 153ASection 2(22)(e)

section 2(22)(e) are not applicable. It was further explained that the deemed dividend of Rs.4,67,300/- as on 16.02.2006 arose because of the two payments made for purchase of house, which was intended to be purchased by the company to be provided to the Managing Director. The company ought to have debited Rs.5,00,000/- each aggregating

DCIT vs. M/S COASTAL COSTRUCTION,

In the result, the revenue’s appeal is dismissed, while the CO by the assessee is partly allowed for statistical purposes

ITA 1005/BANG/2013[2006-07]Status: DisposedITAT Bangalore16 Mar 2021AY 2006-07

Bench: Shri Chandra Poojari & Shri George George Kdy. Commissioner Of Income Tax, Central Circle 2(3), Bangalore. …. Appellant.

For Appellant: Shri Narendra Sharma, AdvocateFor Respondent: Shri Muzaffar Hussain, CIT(D.R.)
Section 132Section 143Section 153ASection 153CSection 2Section 2(22)(e)Section 234

Section 2(22)(e) of the Act is applicable since this is not a business transaction. 11. On the other hand, the ld.AR submitted that the present assessee, M/s. Coastal Constructions, is not a shareholder in FDITPL and only the M.D. is the partner in Coastal Constructions Company. Being so, the assessee company cannot be treated as a shareholder receiving

B.P. KUMAR BABU vs. DCIT,

In the result, the assessee's appeal is treated as partly allowed for statistical purposes

ITA 1658/BANG/2013[2007-08]Status: DisposedITAT Bangalore13 Feb 2015AY 2007-08

Bench: Shri N.V. Vasudevan & Shri Jason P. Boaz

For Appellant: Shri S. Ananthan, C.AFor Respondent: Shri C.H. Sundar Rao, CIT (D.R)
Section 132Section 139Section 143(3)Section 153ASection 2(22)(c)Section 2(22)(e)

Housing Development Co. (supra), we concur with and uphold the finding of the learned CIT(A) that the Assessing Officer had validly invoked the jurisdiction under Section 153A of the Act. Consequently, Ground No.2 of the assessee's appeal is dismissed. 6. Ground No.3 : Assessee has no right to appeal. 6.1 As per the details on record, it is seen

DCIT, BANGALORE vs. SRI. RAJEEV CHANDRASEKHAR, BANGALORE

In the result, the appeal by the Revenue is dismissed

ITA 1440/BANG/2013[2008-09]Status: DisposedITAT Bangalore27 Feb 2015AY 2008-09

Bench: Shri N.V. Vasudevan & Shri Abraham P. Georgeassessment Year : 2008-09

For Appellant: Shri P. Dhivahar, Jt. CIT(DR)For Respondent: Smt. Sheetal Borkar, Advocate
Section 22Section 23

House Property.’ Thus the appellant partly succeeds in this ground.” 12. Aggrieved, the Revenue has raised the aforesaid issue before the Tribunal in the form of ground No.4. 13. We have heard the submissions of the ld. DR who relied on the order of AO and the ld. counsel for the assessee who relied on the findings

ACIT, MANGALORE vs. SRI. J. KRISHNA PALEMAR, MANGALORE

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

ITA 712/BANG/2014[2011-12]Status: DisposedITAT Bangalore24 Apr 2018AY 2011-12

Bench: Shri N.V. Vasudevan & Shri Arun Kumar Garodiaassessment Year :2011-12

For Appellant: Shri C.H. Sundar Rao, CIT (DR-I)For Respondent: Smt. Sheetal Borkar, Advocate
Section 54F

e) are owned by the assessee and part of fixed asset schedule of the Balance Sheet and residential in nature. The assessee might be using these properties for different purposes but it does not make the properties as non residential. (7) Based on the facts and circumstances of the case, the Ld.CIT(A) has failed to appreciate that the section