DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -1(2), BANGALORE vs. M/S. PURVANKARA PROJECTS LIMITED, BENGALURU

In the result, the appeals of the revenue are allowed for statistical purposes

Bench: Shri N.V. Vasudevan & Shri Chandra Poojari

801B of the IT Act (iii) Project wise detailed profit and loss account of IT Act for all the years starting from AY 2010-11 to 2017-18 6. The AO observed that the assessee has just submitted the computation of profitability of individual projects u/s 80IB regarding the maintenance of separate accounts of the eligible projects. However

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE -1(2), BENGALURU vs. M/S. PURVANKARA PROJECTS LIMITED, BENGALURU

In the result, the appeals of the revenue are allowed for statistical purposes

Bench: Shri N.V. Vasudevan & Shri Chandra Poojari

801B of the IT Act (iii) Project wise detailed profit and loss account of IT Act for all the years starting from AY 2010-11 to 2017-18 6. The AO observed that the assessee has just submitted the computation of profitability of individual projects u/s 80IB regarding the maintenance of separate accounts of the eligible projects. However

K.G. KRISHNA,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillai

801B which was part of the assessment prior to the search and such assessment unabated. Similarly Hon'ble High Court of Bombay in the case of Continental Warehousing Corporation and All Cargo Global Logistics Ltd (Supra) confirmed the view taken -by the ITA Nos.307 to 312/Bang/2020 Shri K.G. Krishna, Bangalore Page 23 of 89 Special Bench of 1.T.A.T. Mumbai

K.G. KRISHNA,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillai

801B which was part of the assessment prior to the search and such assessment unabated. Similarly Hon'ble High Court of Bombay in the case of Continental Warehousing Corporation and All Cargo Global Logistics Ltd (Supra) confirmed the view taken -by the ITA Nos.307 to 312/Bang/2020 Shri K.G. Krishna, Bangalore Page 23 of 89 Special Bench of 1.T.A.T. Mumbai

K.G. KRISHNA,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(4), BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillai

801B which was part of the assessment prior to the search and such assessment unabated. Similarly Hon'ble High Court of Bombay in the case of Continental Warehousing Corporation and All Cargo Global Logistics Ltd (Supra) confirmed the view taken -by the ITA Nos.307 to 312/Bang/2020 Shri K.G. Krishna, Bangalore Page 23 of 89 Special Bench of 1.T.A.T. Mumbai

K. G. KRISHNA,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillai

801B which was part of the assessment prior to the search and such assessment unabated. Similarly Hon'ble High Court of Bombay in the case of Continental Warehousing Corporation and All Cargo Global Logistics Ltd (Supra) confirmed the view taken -by the ITA Nos.307 to 312/Bang/2020 Shri K.G. Krishna, Bangalore Page 23 of 89 Special Bench of 1.T.A.T. Mumbai

K.G. KRISHNA,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillai

801B which was part of the assessment prior to the search and such assessment unabated. Similarly Hon'ble High Court of Bombay in the case of Continental Warehousing Corporation and All Cargo Global Logistics Ltd (Supra) confirmed the view taken -by the ITA Nos.307 to 312/Bang/2020 Shri K.G. Krishna, Bangalore Page 23 of 89 Special Bench of 1.T.A.T. Mumbai

K.G. KRISHNA,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillai

801B which was part of the assessment prior to the search and such assessment unabated. Similarly Hon'ble High Court of Bombay in the case of Continental Warehousing Corporation and All Cargo Global Logistics Ltd (Supra) confirmed the view taken -by the ITA Nos.307 to 312/Bang/2020 Shri K.G. Krishna, Bangalore Page 23 of 89 Special Bench of 1.T.A.T. Mumbai

DEPUTY COMMISSIONER OF INCOME TAX - 7 (2) (1) , BENGALURU vs. M/S EAGLETON PROPERTY HOLDINGS , BENGALURU

In the result, the appeal filed by the revenue is dismissed as infructuous and the C

Bench: Shri Arun Kumar Garodia & Shri Laliet Kumarassessment Year : 2007-08 M/S. Eagleton Property Holdings, The Dcit, #2581, 9Th Main Road, Bsk 2Nd Stage, Circle – 7 (2) (1), Vs. Bangalore. Bangalore – 560 070. Pan: Aabfe9867C Appellant Respondent & C.O. No. 111/Bang/2018 (In Ita No. 1584/Bang/2018) (By Assessee) Assessee By : Shri V. Sridhar, Ca Revenue By : Shri R.N. Siddappaji, Addl. Cit (Dr) Date Of Hearing : 06.03.2019 Date Of Pronouncement : 15.03.2019 O R D E R Per Shri A.K. Garodiathis Appeal Is Filed By The Revenue & The C.O. Is Filed By The Assessee & These Are Directed Against The Order Of Ld. Cit (A)-10, Bangalore Dated 23.02.2018 For Assessment Year 2007-08. 2. The Grounds Raised By The Revenue In Its Appeal Are As Under. “1. The Order Of The Learned Cit(A) Is Opposed To Law & Facts Of The Case. 2. "The Cit(A) Erred In Circumstances Of The Case & In Law In Opining That The Assessee Is A Developer & Not A Contractor Without Appreciating The Fact That The Assessee Has Entered Into Construction Agreements With Each Individual Owners & Hence The Assessee Is Only A Building Contractor & Not A Developer & Builder". 3. "Whether On The Facts & Circumstances Of The Case, The Cit(A) Was Justified In Law In Allowing The Appeal On Proportionate Basis In Respect Of Units Having Built Up Area Of Less Than Or Equal To 1500 Sq Ft"? 4. "Whether On The Facts & Circumstances Of The Case, The Cit(A) Was Justified In Law In Rejecting The District Valuation Officer'S Report & Directing The Ao To Take Details Of Measurements Of Individual

Property Holdings, The DCIT, #2581, 9th Main Road, BSK 2nd Stage, Circle – 7 (2) (1), vs. Bangalore. Bangalore – 560 070. PAN: AABFE9867C APPELLANT RESPONDENT & C.O. No. 111/Bang/2018 (in ITA No. 1584/Bang/2018) (By Assessee) Assessee by : Shri V. Sridhar, CA Revenue by : Shri R.N. Siddappaji, Addl. CIT (DR) Date of hearing : 06.03.2019 Date of Pronouncement