GOBINDRAM CHANDRAMANI VIVEK,BANGALORE vs. INCOME TAX OFFICER - WARD 1(1), BANGALORE, BANGALORE

In the result, the appeal of the assessee is allowed for statistical purposes, in the manner indicated in this order

Bench: Mrs. Beena Pillai & Shri Ramit Kochar

section 24(b) is claimed towards interest on housing loan, then the said interest on housing loan cannot be added to the cost of acquisition u/s 48 while computing capital gains. It was submitted that the residential property

SMT. REHANA ABDUL JABBAR,MANGALURU vs. ASSISTANT COMMISSIONER OF INCOME-TAX, (INTERNATIONAL TAXATION), MANGALURU

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

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2013-14

48,00.000/- as unexplained cash credits under the facts and in the circumstances of the appellant's case. 5. Without prejudice to the right to seek waiver with the Hon'ble CCIT/DG, the appellant denies herself liable to be charged to interest u/s. 234-B and 234-D of the Act, which under the facts and in the circumstances

MR.RAHIL MAHESH KUMAR NIZAMUDDIN ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION) CIRCLE-1(2), BANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2014-15

48,46,006/- 2. The assessee filed the following additional evidence along with application dated 5.9.2019 before us. “Sharing agreement dated 26.10.2016 between the assessee and developer regarding property No.123, Infantry Road, Bengaluru” 3. However, at the time of hearing, the assessee not pressed admission of additional evidence. Accordingly, additional evidence are dismissed as not pressed. 4. Ground No.1

HANCHIPURA CHANNAIAH NANDAKISHORE,MAHALKSHMIPURAM vs. INCOME TAX OFFICER WARD INTL, TAXATION 1(2) BANGALORE, BANGALORE

In the result appeal filed by the assessee is allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubeyit(It)A No.258/Bang/2025 Assessment Year : 2018-19 Hanchipura Channaiah Nandakishore 87, 2Nd Stage & Phase Mahalakshmipuram 2Nd Stage, 14Th Main, West Of Chord Ito Road Vs. Ward International Taxation 1(2) Mahalakshmipuram Bangalore Bangalore 560 086 Pan No :Blrpn0428A Appellant Respondent Appellant By : Sri Siddesh N Gaddi, A.R. Respondent By : Dr. Divya K.J., D.R. Date Of Hearing : 07.08.2025 Date Of Pronouncement : 04.11.2025

House was completed on 16/07/2022 and accordingly submitted that the condition of the section 54 of the Act was fulfilled by the assessee. It is submitted that the investment in new property was made in the name of assessee’s wife could not be a reason for disallowance of deduction u/s 54 of the Act to the Assessee. The same

LATE JAGJIT SINGH BAJWA LEAGAL HEIR HARLEEN BAJWA ,BANGALORE vs. INCOME TAX OFFICER, WARD-4(2)(3), BANGALORE

In the result, appeal of the assessee is allowed

48,125/-\nc) Let out-Salarpuriya Simphoni, Hosur Rd.,\nBangalore\nTOTAL\nRs. - 57,385/-\nRs.-1,59,260/-\n3.1 Wherein, the Poorva Fountain and the BTM Layout House\nassessee is Co-owner of the property and the Salarpuriya property,\nregistration is not yet done though the possession was given and\nassessee in receipt of rent being let out.\n3.2 Further

M/S SCANIA COMMERCIAL VEHICLES INDIA PVT LTFD,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-6(1)(1), BANGALORE

The Appeal of the Assessee is allowed

Bench: Shri Prashant Maharishi, Vice – & Shri Keshav Dubey

48,51,630/- received towards renting of trailers, subletting of exhibition space are taxed under the head income from house property. The claim of the Assessee is that it is chargeable to tax as profits and gains of business and profession. 5. Coming to the ground no. 17, with respect to the depreciation, the fact shows that Assessee has made

SHARADA MOHAN SHETTY,KARWAR vs. ITO, WARD-2, KARWAR

In the result, appeal of the assessee is partly allowed

Bench: Or During The Courses Of Appeal Hearing.” 2. The Brief Facts Of The Case Are That The Assessee Filed Return Of Income On 30/09/2015 For The Assessment Year 2015-16 Declaring Page 2 Of 16

48,83,672, though assessee has not deposited that portion in the net sale consideration into the account scheme notified by the Central Govt. For this purpose, it is appropriate to go through the provisions of section 54(2) of the Act which are as follows:- “54. (1) Subject to the provisions of sub-section (2), where, in the case

NAGARAJ DESIRAZU,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-6(3)(1), BANGALORE

In the result, appeals by the assessees are treated as partly allowed for statistical purposes and Stay Petition is dismissed

Bench: Shri N. V. Vasudevan & Ms. S.Padmavathi

houses resulting to assessee as a result of joint ITA Nos.449, 633/Bang/2021 SP No. 111/Bang/2021 (in No.449/Bang/2021) Page 7 of 12 development agreement so as to be complaint with conditions stipulated in section 54F. Thus assessee is in violation of proviso to sub-section (1) of section S4F and also condition stipulated in sub-section (2) of section

DESIRAZU SUNDARA SIVA RAO,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-6(3)(1), BENGALURU

In the result, appeals by the assessees are treated as partly allowed for statistical purposes and Stay Petition is dismissed

Bench: Shri N. V. Vasudevan & Ms. S.Padmavathi

houses resulting to assessee as a result of joint ITA Nos.449, 633/Bang/2021 SP No. 111/Bang/2021 (in No.449/Bang/2021) Page 7 of 12 development agreement so as to be complaint with conditions stipulated in section 54F. Thus assessee is in violation of proviso to sub-section (1) of section S4F and also condition stipulated in sub-section (2) of section

NISHA VIJAY ISRANI,MUMBAI vs. ACIT, INTERNATIONAL TAXATION, CIRCLE-1(2), BANGALORE

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

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

section 48(i) of the Act allows the deductions of all the expenditure incurred wholly and exclusively in connection with such transfer. On going through the details of combined expenses incurred by the assessee and his wife claimed to have been incurred wholly and exclusively in connection with the transfer of house property

VIJAY LAKHMICHAND ISRANI,MUMBAI vs. ACIT, INTERNATIONAL TAXATION, CIRCLE-1(2), BANGALORE

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

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

section 48(i) of the Act allows the deductions of all the expenditure incurred wholly and exclusively in connection with such transfer. On going through the details of combined expenses incurred by the assessee and his wife claimed to have been incurred wholly and exclusively in connection with the transfer of house property

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

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCEL-2(1), BANGALORE vs. SRI MATHIKERE RAMAIAH SEETHARAM, BANGALORE

In the result, the appeals filed by the revenue are dismissed and the COs filed by the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

House, ACIT M.S. Ramaiah Main Road Vs. Central Circle-2(1) Mathikere Bangalore Bangalore 560 054 APPELLANT RESPONDENT Appellant by : Shri H. Nagin Khincha & Smt. Suman Lunkar, A.Rs Respondent by : Shri M. Mathivanan, D.R. Date of Hearing 04 07 2022 & 03 11 2022 Date of Pronouncement 07 11 2022 ITA Nos.542 to 544/Bang/2021 & CO Nos.17 to 19/Bang/2021 Sri Mathikere Ramaiah

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCEL-2(1), BANGALORE vs. SRI MATHIKERE RAMAIAH SEETHARAM, BANGALORE

In the result, the appeals filed by the revenue are dismissed and the COs filed by the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

House, ACIT M.S. Ramaiah Main Road Vs. Central Circle-2(1) Mathikere Bangalore Bangalore 560 054 APPELLANT RESPONDENT Appellant by : Shri H. Nagin Khincha & Smt. Suman Lunkar, A.Rs Respondent by : Shri M. Mathivanan, D.R. Date of Hearing 04 07 2022 & 03 11 2022 Date of Pronouncement 07 11 2022 ITA Nos.542 to 544/Bang/2021 & CO Nos.17 to 19/Bang/2021 Sri Mathikere Ramaiah

ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCEL-2(1), BANGALORE vs. SRI MATHIKERE RAMAIAH SEETHARAM, BANGALORE

In the result, the appeals filed by the revenue are dismissed and the COs filed by the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

House, ACIT M.S. Ramaiah Main Road Vs. Central Circle-2(1) Mathikere Bangalore Bangalore 560 054 APPELLANT RESPONDENT Appellant by : Shri H. Nagin Khincha & Smt. Suman Lunkar, A.Rs Respondent by : Shri M. Mathivanan, D.R. Date of Hearing 04 07 2022 & 03 11 2022 Date of Pronouncement 07 11 2022 ITA Nos.542 to 544/Bang/2021 & CO Nos.17 to 19/Bang/2021 Sri Mathikere Ramaiah

SHRI K.G SUBBARAMA SETTY ,BANGALORE vs. ACIT 5(2)(1) BANGALORE, C R BUILDING

In the result all the three appeals in ITA Nos

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

house, the annual value of the properties must be determined and brought to tax.It is an undisputed fact that the assessee wanted to sell these two villas and he had entered into an agreement for sale and for this reason he kept the property vacant. We are of the considered opinion that for the application of section

K A SUJIT CHANDAN,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE BENGALURU.-5(2)(1), BENGALURU

In the result all the three appeals in ITA Nos

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

house, the annual value of the properties must be determined and brought to tax.It is an undisputed fact that the assessee wanted to sell these two villas and he had entered into an agreement for sale and for this reason he kept the property vacant. We are of the considered opinion that for the application of section

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE- 4(2)(1), BANGALORE vs. M/S. N G BALU REDDY HUF, BANGALORE

In the result, the appeal of the Revenue is allowed

Bench: Shri Chandra Poojari & Shri George George Kassessment Year : 2009-10

house property and income from other sources. The ld. AO has been entrusted a work of enquiry in respect of joint development agreement entered by the assesses coming under the jurisdiction of Range-7, Bangalore. During the course of enquiry proceedings, it is found that the assessee has entered into joint development agreement (JDA) dated 12.05.2004 with M/s.SJR Builders, No.49