AMANDA JOY PURAVANKARA ,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), BENGALURU

In the result, appeal of the assessee is allowed

Bench: Shri George George K. & Shri Chandra Poojariassessment Year: 2015-16

Section 23(1)(c) to the present case. Amanda Joy Puravankara, Bengaluru Page 2 of 7 i. The Ld. Officers below erred failed to appreciate that the first house was continuously let out ever since it was acquired in 2011 and it could not be let out from October 2013 to May 2015 despite best of the efforts

PADMANABAN SUKHUMARAN ,BANGALORE vs. ACIT, CIRCLE-5(3)(1), BANGALORE

In the result, the appeal filed by the assessee towards the interest claimed u/s

Bench: Shri Laxmi Prasad Sahu & Shri Soundararajan K.Assessment Year : 2017-18

section 234A, 234B and 234C of the Act in view of the fact that there is no liability to additional tax as determined by the learned assessing officer. Without prejudice the rate, period and on what quantum the interest has been levied are not in accordance with law and further are not discernable from the order and hence deserves

SRI. K. SATISH KUMAR,BENGALURU vs. THE ADDITIONAL COMMISSIONER OF INCOME TAX, RANGE-9, BANGALORE

In the result, the assessee’s appeal is allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2007-08

234C of the Act are agitated, in addition to the addition of Rs.7,55,85,800/- made by the AO on protective basis. 2.1 The appellant's first appeal was dismissed in Limine by the Ld. CIT(A) on the ground that the assessee had not paid the taxes in full in respect of the admitted income. On further appeal

KANTILAL JAIN,BANGALORE vs. INCOME TAX OFFICER, WARD-3(3)(1), BANGALORE

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

Bench: Shri Chandra Poojariassessment Year: 2017-18

sections 234B and 234C be deleted. The Appellant prays accordingly.” 2. With regard to the additions to income from other sources, based on Form 26AS, short grant of TDS credit and levy of interest u/s 234B of the Income-tax Act,1961 ['the Act' for short]. 3. Facts of the issue are that the appellant, a resident individual, filed

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 on the properties held in the name of his son, Shri. Vajramuni K.P is found to be more than the taxable income and it is noticed that they are also non-filers for the purpose of Income Tax. It was found that no books of accounts are maintained and there is no record with regard to the income

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 on the properties held in the name of his son, Shri. Vajramuni K.P is found to be more than the taxable income and it is noticed that they are also non-filers for the purpose of Income Tax. It was found that no books of accounts are maintained and there is no record with regard to the income

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'. However, the disallowance of 1/5th of preconstruction period interest was confirmed.", "result": "Partly Allowed", "sections": [ "23", "24", "111A", "143(2)", "142(1)", "234B", "234C

CHANGAAI MANGALOTE IBRAHIM,BANGALORE vs. THE INCOME TAX OFFICER, WARD-1(2)(4), BANGALORE

In the result, assessee's appeal stands allowed

Bench: Shri Laxmi Prasad Sahu & Shri Keshav Dubeyassessment Year: 2016-17

house property should be reckoned from the date of such order, on the facts and circumstances of the case. f. Without prejudice and not conceding that the sale consideration has been utilised within the time specified, the capital gains on sale of land could not have exceeded Rs.7,85,55,036/- on the facts and circumstances of the case

LOKESH TALANKI ,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-2(3)(1), BANGALORE

In the result, appeals of the assessee are allowed

Bench: Shri Beena Pillai & Ms. Padmavathy Sassessment Year : 2013-14

house during the assessment year 2013-14 and hence not entitled for claim u/s. 54F. The AO passed an assessment order u/s. 143(3) r.w.s. 147 on 21.03.2018 disallowing the claim u/s. 54F and recomputed the income of the assessee at Rs. 2,50,88,284. Aggrieved Page 4 of 23 the assessee filed an appeal before

SHRI. PANKAJ KAPUR,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE-1(2)(1), BENGALURU

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

Bench: Shri Chandra Poojari & Shri Beena Pillaiassessment Year : 2016-17

234C = Rs.18796/- 17.For these and other grounds that may be urged at the time of hearing of the appeal the appellant prays that the appeal may be allowed. Total tax effect – Rs.43,74,390/-” 2. The brief facts of the case are that the assessee filed its return of Income on 21.07.2017 declaring total income

SANDEEP REDDY YARABAKA CHENCHU,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-7(1)(1), BANGALORE

In the result, appeal of the assessee is allowed

Bench: Shri George George K. & Shri Chandra Poojariassessment Year: 2017-18

sections 234B and 234C of the Act amounting to Rs. 6,08,814 and the appellant denies its liability to pay such interest.” 2. Ground No.1 is too general in nature, which does not require any adjudication. 3. The crux of ground Nos.2 to 5 is with regard to sustaining addition of Rs.23

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

MEDREICH LIMITED,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), BANGALORE

In the result, the appeal filed by the assessee stands allowed as indicated hereinabove

Bench: Shri Chandra Poojari & Smt. Beena Pillaiit(Tp)A No. 451/Bang/2022 Assessment Year : 2017-18 M/S. Medreich Ltd., No. 12/8, Medreich The Assistant House, Commissioner Of Saraswati Ammal Income Tax, Street, Central Circle – Maruti Seva Nagar, 1(2), Vs. Bangalore – 560 033. Bangalore. Pan: Aabcm1458Q Appellant Respondent : Shri Padam Chand Assessee By Khincha, Ca : Shri Praveen Karanth, Revenue By Cit-Dr Date Of Hearing : 27-07-2022 Date Of Pronouncement : 21-10-2022 Order Per Beena Pillaipresent Appeal Is Filed By Assessee Against The Final Assessment Order Passed By The Ld.Acit, Central Circle – 1(2), Bangalore Dated 26/04/2022 For A.Y. 2017-18 On Following Grounds Of Appeal: “General Ground 1.1 The Learned Assistant Commissioner Of Income Tax, Central Circle-1(2), Bangalore (`A0') Erred In Passing The Assessment Order Under Section 143(3) R.W.S 144C(13) Of The Income Tax Act, 1961 (`The Act) In The Manner Passed

House, Commissioner of Saraswati Ammal Income Tax, Street, Central Circle – Maruti Seva Nagar, 1(2), Vs. Bangalore – 560 033. Bangalore. PAN: AABCM1458Q APPELLANT RESPONDENT : Shri Padam Chand Assessee by Khincha, CA : Shri Praveen Karanth, Revenue by CIT-DR Date of Hearing : 27-07-2022 Date of Pronouncement : 21-10-2022 ORDER PER BEENA PILLAI, JUDICIAL MEMBER Present appeal is filed

AKSHAY KUMAR RUNGTA,BANGALORE vs. INCOME TAX OFFICER, WARD 2(1), INTERNATIONAL TAXATION

In the result, appeal filed by the assessee is allowed as per above terms

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubeyit(It)A No.66/Bang/2024 Assessment Year :2015-16

234C of the Act in view of the fact that there is no liability to additional tax as determined by the learned assessing officer. Without prejudice the rate, period and on what quantum the interest has been levied are not in accordance with law and further are not discernible from the order and hence deserves to be cancelled

VEERANNA MURTHY RAGHAVENDRA DEEKSHITH,BENGALURU vs. INCOME TAX OFFICER, WARD 6(2)(4), BENGALURU

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

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

section 234B and 234C of the Act is not in accordance with law as the rate, amount and method for calculating interest is not discernible from the order of assessment. 3. The penalty proceedings initiated u/s 271AAC of the Act are contrary to the law in the facts and circumstances of the case. 4. The Appellant craves leave

SRI. P. VIJAYAKUMAR,BANGALORE vs. INCOME TAX OFFICER, WARD - 2(2)(3), BANGALORE

Bench: Smt. Beena Pillai & Shri Laxmi Prasad Sahuassessment Year : 2016-17

section 234A 234B and 234C of the Act on the facts and circumstances of the case. 14. The appellant craves leave of this Hon’ble Tribunal to add, alter, substitute and delete any or all of the grounds of appeal urged above. 15. For the above and other grounds to be urged during the hearing of the appeal the Appellant

M/S. TRISHUL BUILDTECH & INFRASTRUCTURES PVT. LTD.,,BENGALURU vs. THE DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(2), BENGALURU

In the result, assessee’s appeals are partly allowed

Bench: Shri Chandra Poojari & Shri George George K.

property determined by the Tribunal could be a figure lower than that returned by the assessee. The principles for determining the annual letting value under section 23 are now well-settled and if the value returned is not in accordance with such principles, it is open to the assessee to contend that the value as may be determined upon correct

M/S. TRISHUL BUILDTECH & INFRASTRUCTURES PVT. LTD.,,BENGALURU vs. THE DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(2), BENGALURU

In the result, assessee’s appeals are partly allowed

Bench: Shri Chandra Poojari & Shri George George K.

property determined by the Tribunal could be a figure lower than that returned by the assessee. The principles for determining the annual letting value under section 23 are now well-settled and if the value returned is not in accordance with such principles, it is open to the assessee to contend that the value as may be determined upon correct

M/S. TRISHUL BUILDTECH & INFRASTRUCTURES PVT. LTD.,,BENGALURU vs. THE DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(2), BENGALURU

In the result, assessee’s appeals are partly allowed

Bench: Shri Chandra Poojari & Shri George George K.

property determined by the Tribunal could be a figure lower than that returned by the assessee. The principles for determining the annual letting value under section 23 are now well-settled and if the value returned is not in accordance with such principles, it is open to the assessee to contend that the value as may be determined upon correct