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299 results for “house property”+ Section 72clear

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Delhi834Mumbai766Bangalore299Jaipur211Hyderabad148Chandigarh132Chennai98Ahmedabad85Kolkata76Cochin66Pune65Raipur58Rajkot58Indore51Nagpur47SC25Guwahati24Surat23Amritsar21Cuttack19Lucknow18Visakhapatnam14Jodhpur7Varanasi5Agra4Patna3A.K. SIKRI ROHINTON FALI NARIMAN1ARIJIT PASAYAT C.K. THAKKER1Ranchi1Allahabad1

Key Topics

Addition to Income64Section 153A60Section 13253Section 143(3)49Section 153C35Section 6923Section 14322Section 2(15)21Section 1120

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

house property and other sources filed return of income electronically for the assessment year 2010-11 on 13.10.2010 declaring income of Rs.54,34,810/-. A survey u/s 133A of the Income-tax Act,1961 ['the Act' for short] was conducted on 2.3.2015 at the business premises of the assessee. During the survey, the assessee was asked to explain the present

M/S. EMBASSY KNOWLEDGE INFRASTRUCTURE PROJECTS PRIVATE LIMITED,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 2(1)(2), BANGALORE

Showing 1–20 of 299 · Page 1 of 15

...
Disallowance20
Transfer Pricing19
Double Taxation/DTAA17

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

ITA 982/BANG/2019[2014-15]Status: DisposedITAT Bangalore15 Jun 2022AY 2014-15

Bench: Shri George George K, Jm & Ms.Padmavathy S, Am

For Appellant: Sri.Sandeep Chalapathy, CAFor Respondent: Sri.Sanjay Kumar S.R., CIT –DR
Section 143(2)Section 24Section 3

section 80G of Rs.5 lakh has to be allowed. 8. As regards the additional grounds raised, it was stated before the first appellate authority that the financial charges / interest expenditure of Rs.7.03 crore should be allowed instead of Rs.4.34 crore, as mentioned in the original grounds of appeal. The CIT(A) directed the A.O. to furnish a remand report

M/S. DEEPALI COMPANY PRIVAE LIMITED,BANGALORE vs. INCOME TAX OFFICER, WARD- 2(1)(2), BANGALORE

In the result, the appeal filed by assessee stands dismissed

ITA 585/BANG/2020[2016-17]Status: DisposedITAT Bangalore21 Jun 2022AY 2016-17

Bench: Shri. Chandra Poojari & Smt. Beena Pillaiassessment Year : 2016-17 M/S. C. Krishniah Chetty & Co. Pvt. Ltd., The Income Tax (Earlier Known As :Deepali Co. Officer, Pvt. Ltd.) Ward – 2 (1)(2), 35, Commercial Street, Bangalore. Bangalore – 560 001. Vs. Pan: Aaacd5120H Appellant Respondent : Shri Narendra Sharma, Assessee By Advocate : Smt. Priyadarshini Revenue By Basaganni, Addl. Cit (Dr) Date Of Hearing : 01-06-2022 Date Of Pronouncement : 21-06-2022 Order Per Beena Pillaipresent Appeal Is Filed By Assessee Against Order Dated 03.0.2020 Passed By Ld.Cit(A)-2, Bangalore For A.Y. 2016-17 On The Following Grounds Of Appeal: “1.1 On The Facts & Circumstances Of The Case, The Learned Commissioner Of Income Tax Erred In Not Allowing Business Loss For The Year Of Rs. 114,66.766/- On The Ground That The Business Of The Assessee Company Is Closed & There Are No Receipts From Operation Of Business.

For Respondent: Shri Narendra Sharma
Section 143(2)Section 24Section 72

House Page 4 of 7 property. As per section 72 of the Act, any loss under the head, ‘profit and gain

BHAGYA MAHANTESH KHODANPUR ,HUBBALLI vs. INCOME TAX OFFICER, WARD-2(1), HUBBALLI

In the result, appeal of the assessee is partly allowed

ITA 1365/BANG/2025[2015-16]Status: DisposedITAT Bangalore21 Aug 2025AY 2015-16

Bench: Dr. Dipak P. Ripote & Shri Prakash Chand Yadavassessment Year: 2015-16 Bhagya Mahantesh Khodanpur, Income Tax Officer, Indu Arcade, Vithoba Galli, Ward-2(1), Durgadbail, Vs. Hubballi. Hubballi-580020. Pan No : Apxpk0150P Appellant Respondent Appellant By : Sri Sudheendra B.R, Advocate Respondent By : Sri Ganesh R Ghale, Advocate-Standing Counsel For Revenue Date Of Hearing : 20.08.2025 Date Of Pronouncement : 21.08.2025 O R D E R Per Dr. Dipak P. Ripote: This Is An Appeal Filed By Bhagya Mahantesh Khodanpur Against The Order Of The Learned Commissioner Of Income Tax (Appeals) (Nfac) (In Short “Ld. Cit(A)”) Passed U/S. 250 Of The Income Tax Act, 1961 (In Short “The Act”) For Asst Year 2015-16 On 28/03/2025 Emanating From Assessment Order Dated 29/12/2017 Passed U/S. 143(3) Of The Act. 2. The Assessee Has Raised The Following Grounds Of Appeal: “1. The Order Passed By The Ld. Addl / Joint Commissioner Of Income Tax (Appeals)-2, Gurugram U/S. 250 Of The Act Dated 28/03/2025 Is Bad In Law & Liable To Be Quashed. Addition Of Rs. 4,42,500/- Is Bad In Law & 2. Liable To Be Deleted.

For Appellant: Sri Sudheendra B.R, Advocate
Section 133(6)Section 143(3)Section 234ASection 24Section 250

72 of the paper book that KSFC has certified the amount of interest paid by assessee on account of loan. It is observed that the said Certificate was available with the Assessing Officer on 24/10/2017 ie., during the assessment proceedings. 9. Admittedly, the assessee has utilized the loan amount for construction of godown and godowns have been given on rent

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

ITA 261/BANG/2022[2017-18]Status: DisposedITAT Bangalore16 Dec 2025AY 2017-18

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

For Appellant: Shri Narendra Kumar Jain, Advocate
Section 143(3)Section 68Section 92C

house property because income has been correctly offered by the Assessee under the head business income. Accordingly, ground no. 19 of the Assessee is allowed. 18. The Ground no. 20 of the Appeal is with respect to the correct carry forward of losses. The Assessee has computed the carry forward of the losses

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

ITA 544/BANG/2021[2016-17]Status: DisposedITAT Bangalore07 Nov 2022AY 2016-17

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri H. Nagin Khincha &For Respondent: Shri M. Mathivanan, D.R
Section 131Section 132(4)Section 153CSection 45(2)

section 34 against the assessee as the karta of a HUF. Further, the High Court had not expressed its opinion on the question based upon section 25 of the 1992 Act. In the result, the order of the High Court was set aside and the appeal was remanded to the High Court for disposal in accordance with

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

ITA 543/BANG/2021[2015-16]Status: DisposedITAT Bangalore07 Nov 2022AY 2015-16

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri H. Nagin Khincha &For Respondent: Shri M. Mathivanan, D.R
Section 131Section 132(4)Section 153CSection 45(2)

section 34 against the assessee as the karta of a HUF. Further, the High Court had not expressed its opinion on the question based upon section 25 of the 1992 Act. In the result, the order of the High Court was set aside and the appeal was remanded to the High Court for disposal in accordance with

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

ITA 542/BANG/2021[2014-15]Status: DisposedITAT Bangalore07 Nov 2022AY 2014-15

Bench: Shri Chandra Poojari & Smt. Beena Pillai

For Appellant: Shri H. Nagin Khincha &For Respondent: Shri M. Mathivanan, D.R
Section 131Section 132(4)Section 153CSection 45(2)

section 34 against the assessee as the karta of a HUF. Further, the High Court had not expressed its opinion on the question based upon section 25 of the 1992 Act. In the result, the order of the High Court was set aside and the appeal was remanded to the High Court for disposal in accordance with

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

ITA 892/BANG/2019[2014-15]Status: DisposedITAT Bangalore18 Jul 2022AY 2014-15

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

For Appellant: Shri K.Y. Ningoji Rao, A.RFor Respondent: Shri V.S. Chakrapani, D.R
Section 48Section 54FSection 55A

72,79,944/- The Learned CIT(A) erred in disregarding 15. the fact that what was received by the Non- Appellant in return is only the Refundable Deposit and the construction of the Land Owners area apartment and thus even if the consolidated rate of Rs.8,550/- per square feet of his share apartment area is adopted, the value

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

In the result, the assessee’s appeal is allowed

ITA 1988/BANG/2016[2007-08]Status: DisposedITAT Bangalore01 Aug 2022AY 2007-08

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

For Appellant: Shri V. Srinivasan, A.RFor Respondent: Dr. Manjunath Karkihalli, D.R
Section 133A(1)Section 143(3)Section 234Section 234A

72,05,600/- 6. Rajesh 1,24,97,800/- 7,55,85,800/- b/f 7,55,85,800/- ii) Expenditure towards levelling of land Sl.No. Name of the payee Amount paid 1. Rajanna 2,17,750/- 2. Madan 5,77,850/- 3. Anand 2,44,800/- 10,40,400/- 10,40,400/- Thus the total expenditure claimed to have incurred

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

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

ITA 608/BANG/2025[2022-23]Status: DisposedITAT Bangalore31 Oct 2025AY 2022-23

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

For Appellant: N O N EFor Respondent: Dr. Divya K.J., D.R
Section 139Section 143(1)Section 143(2)Section 143(3)

house habitable and it becomes the part and parcel of building itself which is subject matter of sales by the assessee. Accordingly, we direct the AO to disallow Rs 5,49,644/- out of total cost of improvements amounting to Rs.25,72,807/-. Accordingly, this ground of the assessee is partly allowed. 6.4 Further, on going through the assessment order

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

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

ITA 607/BANG/2025[2022-23]Status: DisposedITAT Bangalore31 Oct 2025AY 2022-23

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

For Appellant: N O N EFor Respondent: Dr. Divya K.J., D.R
Section 139Section 143(1)Section 143(2)Section 143(3)

house habitable and it becomes the part and parcel of building itself which is subject matter of sales by the assessee. Accordingly, we direct the AO to disallow Rs 5,49,644/- out of total cost of improvements amounting to Rs.25,72,807/-. Accordingly, this ground of the assessee is partly allowed. 6.4 Further, on going through the assessment order

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

ITA 901/BANG/2025[2014-15]Status: DisposedITAT Bangalore14 Aug 2025AY 2014-15

Bench: Shri Waseem Ahmed & Shri Soundararajan K

For Appellant: Shri Siddesh N Gaddi, CAFor Respondent: Shri Balusamy N, JCIT (DR)
Section 132Section 143(3)Section 153ASection 69B

house property. 9. Accordingly, a notice under section 153A of the Act was issued to the assessee for A.Ys. 2013-14 to 2018-19. In response to the notice issued under section 153A of the Act, the assessee filed return of income for respective assessment years and for the year under consideration i.e. A.Y. 2014-15 declaring an 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

ITA 902/BANG/2025[2018-19]Status: DisposedITAT Bangalore14 Aug 2025AY 2018-19

Bench: Shri Waseem Ahmed & Shri Soundararajan K

For Appellant: Shri Siddesh N Gaddi, CAFor Respondent: Shri Balusamy N, JCIT (DR)
Section 132Section 143(3)Section 153ASection 69B

house property. 9. Accordingly, a notice under section 153A of the Act was issued to the assessee for A.Ys. 2013-14 to 2018-19. In response to the notice issued under section 153A of the Act, the assessee filed return of income for respective assessment years and for the year under consideration i.e. A.Y. 2014-15 declaring an income

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

ITA 964/BANG/2025[2007-08]Status: DisposedITAT Bangalore28 Nov 2025AY 2007-08

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

For Appellant: Sri Siddesh N Gaddi, A.RFor Respondent: Sri Balusamy N, D.R
Section 127Section 132Section 143(1)Section 143(2)Section 143(3)Section 154Section 250

House property during the year, the annual value of the property must be determined and brought to tax during the year. Further, the AO observed that the purchaser only agreed to purchase the property and ownership had not been transferred yet as the sale deed was not executed during the year. In view of the same, the notional rent

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

ITA 965/BANG/2025[2007-08]Status: DisposedITAT Bangalore28 Nov 2025AY 2007-08

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

For Appellant: Sri Siddesh N Gaddi, A.RFor Respondent: Sri Balusamy N, D.R
Section 127Section 132Section 143(1)Section 143(2)Section 143(3)Section 154Section 250

House property during the year, the annual value of the property must be determined and brought to tax during the year. Further, the AO observed that the purchaser only agreed to purchase the property and ownership had not been transferred yet as the sale deed was not executed during the year. In view of the same, the notional rent

M/S GODHA REALTORS PVT LTD ,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(2), BANGALORE

In the result, both the appeals of the assessee are allowed

ITA 1115/BANG/2018[2011-12]Status: DisposedITAT Bangalore02 Feb 2022AY 2011-12

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

For Appellant: Shri V. Srinivasan, A.RFor Respondent: Shri Sumer Singh Meena, D.R

72,000,000 36,100,000 Total Sale Consideration 108,100,000 -- Less: Expenditure of Transfer 108,100,000 Less: Indexed Cost of Acquisition The aforesaid property was purchased for a sum of Rs.9,00,00,000/- in an auction and possession of the same was taken on 26.10.2007. Accordingly the Indexed Cost of Acquisition is calculated as : [Rs.9

M/S GODHA REALTORS PVT LTD ,BANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(2), BANGALORE

In the result, both the appeals of the assessee are allowed

ITA 1116/BANG/2018[2008-09]Status: DisposedITAT Bangalore02 Feb 2022AY 2008-09

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

For Appellant: Shri V. Srinivasan, A.RFor Respondent: Shri Sumer Singh Meena, D.R

72,000,000 36,100,000 Total Sale Consideration 108,100,000 -- Less: Expenditure of Transfer 108,100,000 Less: Indexed Cost of Acquisition The aforesaid property was purchased for a sum of Rs.9,00,00,000/- in an auction and possession of the same was taken on 26.10.2007. Accordingly the Indexed Cost of Acquisition is calculated as : [Rs.9

INCOME TAX OFFICER,WARD-10(2), BANGALORE vs. SMT. Y MANJULA REDDY, BANGALORE

In the result, the appeal filed by the assessee is treated as allowed and the appeal of the revenue is dismissed

ITA 1780/BANG/2013[2008-09]Status: DisposedITAT Bangalore28 Apr 2022AY 2008-09

Bench: Shri N.V. Vasudevan & Shri B.R. Baskaranassessment Year: 2008-09

For Appellant: Shri Padam Chand Khincha, A.RFor Respondent: Shri Sankar Ganesh K., D.R
Section 54F

72,29,993.00 8. The A.O. examined the cost of purchase of property furnished to him and noticed that the assessee could not furnish evidence with regard to the expenses incurred on interiors, etc. Accordingly, the A.O. held that the cost of acquisition should be taken as Rs.91,57,683/- only as given below:- 1. Cost of land vide sale

Y. MANJULA REDDY vs. ITO,

In the result, the appeal filed by the assessee is treated as allowed and the appeal of the revenue is dismissed

ITA 1755/BANG/2013[2008-09]Status: DisposedITAT Bangalore28 Apr 2022AY 2008-09

Bench: Shri N.V. Vasudevan & Shri B.R. Baskaranassessment Year: 2008-09

For Appellant: Shri Padam Chand Khincha, A.RFor Respondent: Shri Sankar Ganesh K., D.R
Section 54F

72,29,993.00 8. The A.O. examined the cost of purchase of property furnished to him and noticed that the assessee could not furnish evidence with regard to the expenses incurred on interiors, etc. Accordingly, the A.O. held that the cost of acquisition should be taken as Rs.91,57,683/- only as given below:- 1. Cost of land vide sale