DAKSHINA KANNADA NIRMITHI KENDRA ,MANGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, (EXEMPTIONS), CIRCLE-1,, MANGALURU

In the result, all appeals filed by the assessees in all the assessees’ appeals are dismissed except for assessment year

Bench: Shri Chandra Poojari & Shri George George K.Assessment Year: 2013-14

property. I think, this is one of the key sections that should help us to defeat the free play of unaccounted money and cheating of the Government." Now it is true that the speeches made by the Members of the Legislature on the floor of the House when a Bill for enacting a statutory provision is being debated are inadmissible

M/S. UDUPI NIRMITHI KEDRA,UDUPI vs. THE DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTIONS), CIRCLE - 1, MANGALURU

In the result, all appeals filed by the assessees in all the assessees’ appeals are dismissed except for assessment year

Bench: Shri Chandra Poojari & Shri George George K.Assessment Year: 2013-14

property. I think, this is one of the key sections that should help us to defeat the free play of unaccounted money and cheating of the Government." Now it is true that the speeches made by the Members of the Legislature on the floor of the House when a Bill for enacting a statutory provision is being debated are inadmissible

DAKSHINA KANNADA NIRMITHI KENDRA ,MANGALURU vs. INCOME TAX OFFICER, WARD 1(1),, MANGALURU

In the result, all appeals filed by the assessees in all the assessees’ appeals are dismissed except for assessment year

Bench: Shri Chandra Poojari & Shri George George K.Assessment Year: 2013-14

property. I think, this is one of the key sections that should help us to defeat the free play of unaccounted money and cheating of the Government." Now it is true that the speeches made by the Members of the Legislature on the floor of the House when a Bill for enacting a statutory provision is being debated are inadmissible

M/S. DAKSHINA KANNADA NIRMITHI KENDRA,MANGALURU vs. THE DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTIONS), CIRCLE -1, MANGALURU

In the result, all appeals filed by the assessees in all the assessees’ appeals are dismissed except for assessment year

Bench: Shri Chandra Poojari & Shri George George K.Assessment Year: 2013-14

property. I think, this is one of the key sections that should help us to defeat the free play of unaccounted money and cheating of the Government." Now it is true that the speeches made by the Members of the Legislature on the floor of the House when a Bill for enacting a statutory provision is being debated are inadmissible

DAKSHINA KANNADA NIRMITHI KENDRA ,MANGALURU vs. INCOME TAX OFFICER, WARD 1(1),, MANGALURU

In the result, all appeals filed by the assessees in all the assessees’ appeals are dismissed except for assessment year

Bench: Shri Chandra Poojari & Shri George George K.Assessment Year: 2013-14

property. I think, this is one of the key sections that should help us to defeat the free play of unaccounted money and cheating of the Government." Now it is true that the speeches made by the Members of the Legislature on the floor of the House when a Bill for enacting a statutory provision is being debated are inadmissible

M/S. UNITED BREWERIES LIMITED,BANGALORE vs. JOINT COMMISSIONER OF INCOME TAX, SPECIAL RANGE-7, BANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

House [1986] 157 ITR 86 were under the Income Tax Act and the observations made and the test indicated therein were in the context of the wide definition of the word plant given in that Act and, therefore, not of universal application. Obviously, if plant is defined differently under a different provision or if the context so requires

SHRI. K. MUNIRAJU,BANGALORE vs. PRINCIPAL COMMISSIONER INCOME TAX, CENTRAL, BANGALORE

In the result appeals filed by assessee for asst

Bench: Shri A.K Garodia & Smt. Beena Pillai

2. 2012-13 9,89,68,350/- 3. 2013-14 98,98,400 4. 2014-15 8,00,00,000/- 14. In response to notice issued, assessee filed its reply dated 23/03/2019, wherein it was submitted that, information about cheque and cash payment in purchase of properties were available before Ld.AO vide assessee’s letter dated 15/11/2006, and that such

KARNATAKA INDUSTRIAL AREAS DEVELOPMENT BOARD,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME-TAX, EXEMPTIONS, CIRCLE-1, BANGALORE

Bench: Shri Waseem Ahmed & Shri Soundararajan K.

40A(3)/(3A) in computing application of income from AY 2019-20 onwards. Hence, section 43B does not apply. 3.3 Without prejudice, the learned CIT(A) erred in confirming the addition / disallowance under section 43B in respect of slum improvement cess of Rs. 20,04,651 not paid within the due date under section 139(1). 3.4 On facts

KARNATAKA INDUSTRIAL AREAS DEVELOPMENT BOARD,BANGALORE vs. DEPUTY COMMISSIONER INCOME TAX, EXEMPTIONS, CIRCLE-1, , BANGALORE

Bench: Shri Waseem Ahmed & Shri Soundararajan K.

40A(3)/(3A) in computing application of income from AY 2019-20 onwards. Hence, section 43B does not apply. 3.3 Without prejudice, the learned CIT(A) erred in confirming the addition / disallowance under section 43B in respect of slum improvement cess of Rs. 20,04,651 not paid within the due date under section 139(1). 3.4 On facts

M/S MFAR DEVELOPERS PVT LTD ,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-4(1)(2), BANGALORE

In the result, the assessee’s appeal for assessment year 2012-13 is partly allowed

Bench: Shri B.R. Baskaran & Shri Pavan Kumar Gadale1. Ita Nos.1649/Bang/2017 (Assessment Year: 2012-13) 2. Ita No.730/Bang/2018 (Assessment Year: 2013-14) & 3. Ita No.731/Bang/2018 (Assessment Year; 2014-15) M/S.Mfar Developers Pvt. Ltd. No.3, Lavelle Road, Bengaluru-560 001. … Appellant Pan:Aafcm 6271 M Vs. 1-2. Assistant Commissioner Of Income-Tax, Circle 4(1)(2), Bengaluru. 3. Deputy Commissioner Of Income-Tax, Circle 4(1)(2), Bengaluru. … Respondent Appellant By : Shri K.K.Chythanya, Advocate. Respondent By : Dr. P.V.Pradeep Kumar, Addl.Cit(Dr) Date Of Hearing: 22/03/2019 Date Of Pronouncement: 24/04/2019 O R D E R Per Pavan Kumar Gadale, Jm: The Assessee Has Filed Appeals Against Different Orders Of The Cit(A) For Assessment Years 2012-13, 2013-14 & 2014- 15. Ita Nos.1649/Bang/2017 & 730 & 731/Bang/2018 Page 2 Of 16 2. As Far As Ground No.2 In Respect Of Disallowance Of Proportionate Interest U/S 24(B) Of The Income-Tax Act,1961 ['The Act' For Short], The Assessee Has Raised Similar Grounds Of Appeal For Assessment Years 2012-13, 2013-13 & 2014-15. Similarly, For The Assessment Year 2012-13, The Assessee Has Raised An Alternative Plea To Allow Interest U/S 36(1)(Iii) Which Is Also Ground Of Appeal In Assessment Years 2013-14 & 2014-15. For The Assessment Year 2012-13, The Assessee Raised Ground For Allowance Of Deduction Towards Processing Fees & Pre-Payment Charges U/S 24(B) Of The Act. For The Assessment Year 2013-14, The Assessee Has Raised A Ground For Disallowance Of Rs.25,77,78/- Under The Provisions Of Section 14A Of The Act.

house property. 11. The ground of appeal in respect of processing fee and pre-payment charges to be allowed u/s 24(b), the learned AR substantiated his argument relying on the decision of the Tribunal in the case of Pentagram Properties Pvt. Ltd. vs. Dy.CIT in ITA No.3713/Mu/2010 & ITA No.4526/Mum/2010 dated 12/08/2011 and referred to paras

M/S MFAR DEVELOPERS PVT LTD ,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-4(1)(2), BANGALORE

In the result, the assessee’s appeal for assessment year 2012-13 is partly allowed

Bench: Shri B.R. Baskaran & Shri Pavan Kumar Gadale1. Ita Nos.1649/Bang/2017 (Assessment Year: 2012-13) 2. Ita No.730/Bang/2018 (Assessment Year: 2013-14) & 3. Ita No.731/Bang/2018 (Assessment Year; 2014-15) M/S.Mfar Developers Pvt. Ltd. No.3, Lavelle Road, Bengaluru-560 001. … Appellant Pan:Aafcm 6271 M Vs. 1-2. Assistant Commissioner Of Income-Tax, Circle 4(1)(2), Bengaluru. 3. Deputy Commissioner Of Income-Tax, Circle 4(1)(2), Bengaluru. … Respondent Appellant By : Shri K.K.Chythanya, Advocate. Respondent By : Dr. P.V.Pradeep Kumar, Addl.Cit(Dr) Date Of Hearing: 22/03/2019 Date Of Pronouncement: 24/04/2019 O R D E R Per Pavan Kumar Gadale, Jm: The Assessee Has Filed Appeals Against Different Orders Of The Cit(A) For Assessment Years 2012-13, 2013-14 & 2014- 15. Ita Nos.1649/Bang/2017 & 730 & 731/Bang/2018 Page 2 Of 16 2. As Far As Ground No.2 In Respect Of Disallowance Of Proportionate Interest U/S 24(B) Of The Income-Tax Act,1961 ['The Act' For Short], The Assessee Has Raised Similar Grounds Of Appeal For Assessment Years 2012-13, 2013-13 & 2014-15. Similarly, For The Assessment Year 2012-13, The Assessee Has Raised An Alternative Plea To Allow Interest U/S 36(1)(Iii) Which Is Also Ground Of Appeal In Assessment Years 2013-14 & 2014-15. For The Assessment Year 2012-13, The Assessee Raised Ground For Allowance Of Deduction Towards Processing Fees & Pre-Payment Charges U/S 24(B) Of The Act. For The Assessment Year 2013-14, The Assessee Has Raised A Ground For Disallowance Of Rs.25,77,78/- Under The Provisions Of Section 14A Of The Act.

house property. 11. The ground of appeal in respect of processing fee and pre-payment charges to be allowed u/s 24(b), the learned AR substantiated his argument relying on the decision of the Tribunal in the case of Pentagram Properties Pvt. Ltd. vs. Dy.CIT in ITA No.3713/Mu/2010 & ITA No.4526/Mum/2010 dated 12/08/2011 and referred to paras

M/S MFAR DEVELOPERS PVT LTD ,BANGALORE vs. THE ASSISTAT COMMISSIONER OF INCOME TAX CIRCLE-4(1)(2), BANGALORE

In the result, the assessee’s appeal for assessment year 2012-13 is partly allowed

Bench: Shri B.R. Baskaran & Shri Pavan Kumar Gadale1. Ita Nos.1649/Bang/2017 (Assessment Year: 2012-13) 2. Ita No.730/Bang/2018 (Assessment Year: 2013-14) & 3. Ita No.731/Bang/2018 (Assessment Year; 2014-15) M/S.Mfar Developers Pvt. Ltd. No.3, Lavelle Road, Bengaluru-560 001. … Appellant Pan:Aafcm 6271 M Vs. 1-2. Assistant Commissioner Of Income-Tax, Circle 4(1)(2), Bengaluru. 3. Deputy Commissioner Of Income-Tax, Circle 4(1)(2), Bengaluru. … Respondent Appellant By : Shri K.K.Chythanya, Advocate. Respondent By : Dr. P.V.Pradeep Kumar, Addl.Cit(Dr) Date Of Hearing: 22/03/2019 Date Of Pronouncement: 24/04/2019 O R D E R Per Pavan Kumar Gadale, Jm: The Assessee Has Filed Appeals Against Different Orders Of The Cit(A) For Assessment Years 2012-13, 2013-14 & 2014- 15. Ita Nos.1649/Bang/2017 & 730 & 731/Bang/2018 Page 2 Of 16 2. As Far As Ground No.2 In Respect Of Disallowance Of Proportionate Interest U/S 24(B) Of The Income-Tax Act,1961 ['The Act' For Short], The Assessee Has Raised Similar Grounds Of Appeal For Assessment Years 2012-13, 2013-13 & 2014-15. Similarly, For The Assessment Year 2012-13, The Assessee Has Raised An Alternative Plea To Allow Interest U/S 36(1)(Iii) Which Is Also Ground Of Appeal In Assessment Years 2013-14 & 2014-15. For The Assessment Year 2012-13, The Assessee Raised Ground For Allowance Of Deduction Towards Processing Fees & Pre-Payment Charges U/S 24(B) Of The Act. For The Assessment Year 2013-14, The Assessee Has Raised A Ground For Disallowance Of Rs.25,77,78/- Under The Provisions Of Section 14A Of The Act.

house property. 11. The ground of appeal in respect of processing fee and pre-payment charges to be allowed u/s 24(b), the learned AR substantiated his argument relying on the decision of the Tribunal in the case of Pentagram Properties Pvt. Ltd. vs. Dy.CIT in ITA No.3713/Mu/2010 & ITA No.4526/Mum/2010 dated 12/08/2011 and referred to paras

INSTAKART SERVICES PRIVATE LIMITED,BANGALORE vs. ACIT, SPECIAL RANGE-3, BANGALORE

In the result appeal of the Revenue is hereby dismissed

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

40A(2) of the Act. In such a situation, as laid down by the Hon’ble Supreme Court in CIT v. A. Raman & Co. (67 ITR 11) and by the jurisdictional High Courts, only real income earned can be taxed and not notional income which the Revenue assumes could have been earned. The Revenue cannot substitute its own view

THE DEPUTY COMMISSIONER OF INCOME TAX (E) CIRCLE-1, BANGALORE vs. M/S KARNATAKA STATE ROAD TRANSPORT CORPORATION , BANGALORE

In the result, appeals by the Assessee are partly allowed for statistical purpose while the appeals by the revenue are dismissed

Bench: Shri N. V. Vasudevan & Shri B. R. Baskaran

House, K. H. Road, 2012-13 Shanthinagar, Bengaluru – 560 027. PAN : AAACV 6497 R DCIT (Exemptions), 1067/Bang/2018 Circle – 1, -do- 2013-14 Bengaluru. ACIT (Exemptions), 1068/Bang/2018 Circle – 1, -do- 2014-15 Bengaluru. The Dy. Director of Income Tax 720/Bang/2018 (Exemptions), -do- 2010-11 Circle 17(1), Bengaluru. The Addl. Director of Income 721/Bang/2018 Tax (Exemptions), -do- 2011-12 Range

DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTIONS) CIRCLE, BANGALORE vs. M/S KARNATAKA STATE ROAD TRANSPORT COPORATION , BANGALORE

In the result, appeals by the Assessee are partly allowed for statistical purpose while the appeals by the revenue are dismissed

Bench: Shri N. V. Vasudevan & Shri B. R. Baskaran

House, K. H. Road, 2012-13 Shanthinagar, Bengaluru – 560 027. PAN : AAACV 6497 R DCIT (Exemptions), 1067/Bang/2018 Circle – 1, -do- 2013-14 Bengaluru. ACIT (Exemptions), 1068/Bang/2018 Circle – 1, -do- 2014-15 Bengaluru. The Dy. Director of Income Tax 720/Bang/2018 (Exemptions), -do- 2010-11 Circle 17(1), Bengaluru. The Addl. Director of Income 721/Bang/2018 Tax (Exemptions), -do- 2011-12 Range

M/S KARNATAKA STATE ROAD TRANSPORT CORPORATION ,BANGALORE vs. THE ADDITIONAL DIRECTOR OF INCOME TAX (EXEMPTIONS) RANGE-17 , BANGALORE

In the result, appeals by the Assessee are partly allowed for statistical purpose while the appeals by the revenue are dismissed

Bench: Shri N. V. Vasudevan & Shri B. R. Baskaran

House, K. H. Road, 2012-13 Shanthinagar, Bengaluru – 560 027. PAN : AAACV 6497 R DCIT (Exemptions), 1067/Bang/2018 Circle – 1, -do- 2013-14 Bengaluru. ACIT (Exemptions), 1068/Bang/2018 Circle – 1, -do- 2014-15 Bengaluru. The Dy. Director of Income Tax 720/Bang/2018 (Exemptions), -do- 2010-11 Circle 17(1), Bengaluru. The Addl. Director of Income 721/Bang/2018 Tax (Exemptions), -do- 2011-12 Range

THE DEPUTY COMMISSIONER OF INCOME TAX (E) CIRCLE-1, BANGALORE vs. M/S KARNATAKA STATE ROAD TRANSPORT CORPORATION , BANGALORE

In the result, appeals by the Assessee are partly allowed for statistical purpose while the appeals by the revenue are dismissed

Bench: Shri N. V. Vasudevan & Shri B. R. Baskaran

House, K. H. Road, 2012-13 Shanthinagar, Bengaluru – 560 027. PAN : AAACV 6497 R DCIT (Exemptions), 1067/Bang/2018 Circle – 1, -do- 2013-14 Bengaluru. ACIT (Exemptions), 1068/Bang/2018 Circle – 1, -do- 2014-15 Bengaluru. The Dy. Director of Income Tax 720/Bang/2018 (Exemptions), -do- 2010-11 Circle 17(1), Bengaluru. The Addl. Director of Income 721/Bang/2018 Tax (Exemptions), -do- 2011-12 Range

DEPUTY COMMISSIONER OF INCOME-TAX, (EXEMPTIONS), CIRCLE-1, BENGALURU vs. M/S. KARNATAKA STATE ROAD TRANSPORT CORPORATION, BENGALURU

In the result, appeals by the Assessee are partly allowed for statistical purpose while the appeals by the revenue are dismissed

Bench: Shri N. V. Vasudevan & Shri B. R. Baskaran

House, K. H. Road, 2012-13 Shanthinagar, Bengaluru – 560 027. PAN : AAACV 6497 R DCIT (Exemptions), 1067/Bang/2018 Circle – 1, -do- 2013-14 Bengaluru. ACIT (Exemptions), 1068/Bang/2018 Circle – 1, -do- 2014-15 Bengaluru. The Dy. Director of Income Tax 720/Bang/2018 (Exemptions), -do- 2010-11 Circle 17(1), Bengaluru. The Addl. Director of Income 721/Bang/2018 Tax (Exemptions), -do- 2011-12 Range