SHRI. MUNINAGA REDDY,BANGALORE vs. ACIT, BANGALORE

In the result, the assessee's appeal for A

Bench: Shri N.V. Vasudevan & Shri Jason P. Boaz

u/s. 271(1)(c) of the Act observing at para 6 thereof that, “ 6. We are constrained to reject the assessee's contention. We are pained tonote that the Tribunal completely ignored the assessment order which was not based on any concession from the assessee. Concealment of income in the return filed by the assessee is a glaring fact

SIMPLEX TMC PVT LTD,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(1),BENGALURU, BENGALURU

In the result, the appeal of the assessee is allowed

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2018-19

6 of 17 5.1 As seen from the penalty order passed by the ld. AO, he has levied penalty u/s 271AAB of the Act in respect of following: 1. Unexplained cash found and surrendered by the assessee before AO – Rs.3,72,50,000/- at 30% Rs.1,11,75,000/- 2. Non-substantiation of the Rs.3,00,000/- commission payment – Rs.5

ASSISTANT COMMISSIONER OF INCOME TAX (E) CIRCLE-1 , BANGALORE vs. M/S VISVESVARAYA TECHNOLOGICAL UNIVERSITY , BELGAVI

In the result, the assessee’s cross objections for Assessment Years

Bench: Shri N. V. Vasudevanand Shri Jason P. Boaz

penalty was levied by the Assessing Officer. The CIT(A) failed to appreciate that the assessee had not even furnished a return of income for the Asst. Year in question, till the Department issued a notice u/s 148 of the I.T. Act, 1961. iii) The Ld. CIT(A) has erred in holding that the registration u/s 12A w.e.f. 01.04.1998 would

ASSISTANT COMMISSIONER OF INCOME TAX (E) CIRCLE-1 , BANGALORE vs. M/S VISVESVARAYA TECHNOLOGICAL UNIVERSITY , BELAGAVI

In the result, the assessee’s cross objections for Assessment Years

Bench: Shri N. V. Vasudevanand Shri Jason P. Boaz

penalty was levied by the Assessing Officer. The CIT(A) failed to appreciate that the assessee had not even furnished a return of income for the Asst. Year in question, till the Department issued a notice u/s 148 of the I.T. Act, 1961. iii) The Ld. CIT(A) has erred in holding that the registration u/s 12A w.e.f. 01.04.1998 would

ASSISTANT COMMISSIONER OF INCOME TAX (E) CIRCLE-1 , BANGALORE vs. M/S VISVESVARAYA TECHNOLOGICAL UNIVERSITY , BELAGAVI

In the result, the assessee’s cross objections for Assessment Years

Bench: Shri N. V. Vasudevanand Shri Jason P. Boaz

penalty was levied by the Assessing Officer. The CIT(A) failed to appreciate that the assessee had not even furnished a return of income for the Asst. Year in question, till the Department issued a notice u/s 148 of the I.T. Act, 1961. iii) The Ld. CIT(A) has erred in holding that the registration u/s 12A w.e.f. 01.04.1998 would

ASSISTANT COMMISSIONER OF INCOME TAX (E) CIRCLE-1 , BANGALORE vs. M/S VISVESVARAYA TECHNOLOGICAL UNIVERSITY , BELAGAVI

In the result, the assessee’s cross objections for Assessment Years

Bench: Shri N. V. Vasudevanand Shri Jason P. Boaz

penalty was levied by the Assessing Officer. The CIT(A) failed to appreciate that the assessee had not even furnished a return of income for the Asst. Year in question, till the Department issued a notice u/s 148 of the I.T. Act, 1961. iii) The Ld. CIT(A) has erred in holding that the registration u/s 12A w.e.f. 01.04.1998 would

ASSISTANT COMMISSIONER OF INCOME TAX (E) CIRCLE-1 , BANGALORE vs. M/S VISVESVARAYA TECHNOLOGICAL UNIVERSITY , BELAGAVI

In the result, the assessee’s cross objections for Assessment Years

Bench: Shri N. V. Vasudevanand Shri Jason P. Boaz

penalty was levied by the Assessing Officer. The CIT(A) failed to appreciate that the assessee had not even furnished a return of income for the Asst. Year in question, till the Department issued a notice u/s 148 of the I.T. Act, 1961. iii) The Ld. CIT(A) has erred in holding that the registration u/s 12A w.e.f. 01.04.1998 would

ASSISTANT COMMISSIONER OF INCOME TAX (E) CIRCLE-1 , BANGALORE vs. M/S VISVESVARAYA TECHNOLOGICAL UNIVERSITY , BELAGAVI

In the result, the assessee’s cross objections for Assessment Years

Bench: Shri N. V. Vasudevanand Shri Jason P. Boaz

penalty was levied by the Assessing Officer. The CIT(A) failed to appreciate that the assessee had not even furnished a return of income for the Asst. Year in question, till the Department issued a notice u/s 148 of the I.T. Act, 1961. iii) The Ld. CIT(A) has erred in holding that the registration u/s 12A w.e.f. 01.04.1998 would

RAHIL MAHESHKUMAR NIZAMUDDIN,BANGALORE vs. ACIT, INTL TAXATION CIRCLE 1(2), BLR, BANGALORE

Bench: Shri Chandra Poojari & Shri Keshav Dubeyassessment Year: 2014-15

u/s. 271(1)(c) of the Act for the assessment year 2014-15 by levying a penalty of Rs. 96,41,529/- being the amount of penalty levied by concluding that the assessee has furnished inaccurate particulars of income and concealed his income. Rahil Maheshkumar Nizamuddin, Bangalore Page 5 of 24 2.7 At the outset, the ld. A.R. submitted that

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

In the result, all 13 appeals of the assessee are allowed

6. We have considered the rival submissions. We find that the Judgment of Hon’ble Karnataka High Court rendered in the case of CIT vs. Manjunath Cotton & Ginning Factory (Supra) is squarely applicable in the present case because learned DR of the revenue could not point out any difference in facts. We find that in each of the notices issued

ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-1, RAICHUR vs. M/S THE RAICHUR DISTRICT CENTRAL CO-OPERATIVE BANK LTD , RAICHUR

In the result, the assessee's Cross Objections for Assessment Year

Bench: Shri N.V. Vasudevan & Shri Jason P Boaz

iii) Radhakrishna Rai Vs. Allahabad Bank & Others (2009) 9 SCC 733. (iv) Shakuntala Hegde, L/R of R K Hegde V ACIT in ITA No.2785/Bang/2004. 3.3 Per contra, the learned Departmental Representative opposed the condonation of delay in filing the appeal. 3.4 We have heard the rival contentions, perused and carefully considered the material on record; including the judicial pronouncements cited

THE KARNATAKA CHEMISTS & DRUGGISTS ASSOCIATION®,BANGALORE vs. INCOME TAX OFFICER, WARD-5(3)(2), BANGALORE

In the result, all the appeals of the assessee are dismissed

Bench: Shri Chandra Poojari & Shri Soundararajan K.

penalty levied u/s 271(1)(c) of the Act. There was a delay of 346 days in filing the appeal before NFAC. The assessee filed a condonation petition before NFAC explaining the reasons for the inordinate delay in filing the appeal before NFAC and the NFAC has observed as follows: “5………………..The appellant has stated that this inordinate delay

THE KARNATAKA CHEMISTS & DRUGGISTS ASSOCIATION®,BANGALORE vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, all the appeals of the assessee are dismissed

Bench: Shri Chandra Poojari & Shri Soundararajan K.

penalty levied u/s 271(1)(c) of the Act. There was a delay of 346 days in filing the appeal before NFAC. The assessee filed a condonation petition before NFAC explaining the reasons for the inordinate delay in filing the appeal before NFAC and the NFAC has observed as follows: “5………………..The appellant has stated that this inordinate delay

THE KARNATAKA CHEMISTS & DRUGGISTS ASSOCIATION®,BANGALORE vs. INCOME TAX OFFICER, WARD-5(3)(1), BANGALORE

In the result, all the appeals of the assessee are dismissed

Bench: Shri Chandra Poojari & Shri Soundararajan K.

penalty levied u/s 271(1)(c) of the Act. There was a delay of 346 days in filing the appeal before NFAC. The assessee filed a condonation petition before NFAC explaining the reasons for the inordinate delay in filing the appeal before NFAC and the NFAC has observed as follows: “5………………..The appellant has stated that this inordinate delay

THE KARNATAKA CHEMISTS & DRUGGISTS ASSOCIATION®,BANGALORE vs. INCOME TAX OFFICER, WARD-5(2)(1) , BANGALORE

In the result, all the appeals of the assessee are dismissed

Bench: Shri Chandra Poojari & Shri Soundararajan K.

penalty levied u/s 271(1)(c) of the Act. There was a delay of 346 days in filing the appeal before NFAC. The assessee filed a condonation petition before NFAC explaining the reasons for the inordinate delay in filing the appeal before NFAC and the NFAC has observed as follows: “5………………..The appellant has stated that this inordinate delay

M/S SYNDICATE BANK ,BANGALORE vs. ADDITIONAL COMMISSIONER OF INCOME TAX (TDS) RANGE-3 , BANGALORE

In the result, all the appeals by the assessee are allowed

Bench: Shri N.V. Vasudevan & Shri Jason P. Boazin Ita Nos. A.Y. Appellant(S) Vs. Respondent 709/Bang/2019 2012-13 Syndicate Bank, 2011-12 Rajajinagar Main Branch, Ramamandir Road, 3Rd Block, Rajajinagar, Bangalore – 560 010. Tan : Blrs 00880 F Pan: Aaccs 4699E 710/Bang/2019 2011-12 Syndicate Bank, 735/Bang/2019 2013-14 Jayanagar Market Complex Branch, The Assistant 12Th Main Road, Commissioner Of 3Rd Block, Jayanagar, Income Tax (Tds), Bangalore-560 011. Tan : Blrs 16148 G Range 3, Pan: Aaccs 4699E Bangalore. 711/Bang/2019 2011-12 Syndicate Bank, 2013-14 Bit Branch, K.R. Road,V V Puram, Bangalore-560 004. Tan : Blrs 16186 C Pan: Aaccs 4699E 712/Bang/2019 2011-12 Syndicate Bank, Vijaya College Br., R V Road, Basavangudi Bangalore – 560 004. Tan : Blrs 15334 E Pan: Aaccs 4699E

271, section 271A, section 271AA, section 271B , section 271BA, section 271BB, section 271C, section 271CA, section 271D, section 271E, section 271F, section 271FA, section 271FB, section 271G, section 271H, clause (c) or clause (d) of sub section (1) or sub-section (2) of section 272A, sub-section (1) of section 272AA or section 272B or subsection (1) or subsection

M/S SYNDICATE BANK ,BANGALORE vs. ADDITIONAL COMMISSIONER OF INCOME TAX (TDS) RANGE-3 , BANGALORE

In the result, all the appeals by the assessee are allowed

Bench: Shri N.V. Vasudevan & Shri Jason P. Boazin Ita Nos. A.Y. Appellant(S) Vs. Respondent 709/Bang/2019 2012-13 Syndicate Bank, 2011-12 Rajajinagar Main Branch, Ramamandir Road, 3Rd Block, Rajajinagar, Bangalore – 560 010. Tan : Blrs 00880 F Pan: Aaccs 4699E 710/Bang/2019 2011-12 Syndicate Bank, 735/Bang/2019 2013-14 Jayanagar Market Complex Branch, The Assistant 12Th Main Road, Commissioner Of 3Rd Block, Jayanagar, Income Tax (Tds), Bangalore-560 011. Tan : Blrs 16148 G Range 3, Pan: Aaccs 4699E Bangalore. 711/Bang/2019 2011-12 Syndicate Bank, 2013-14 Bit Branch, K.R. Road,V V Puram, Bangalore-560 004. Tan : Blrs 16186 C Pan: Aaccs 4699E 712/Bang/2019 2011-12 Syndicate Bank, Vijaya College Br., R V Road, Basavangudi Bangalore – 560 004. Tan : Blrs 15334 E Pan: Aaccs 4699E

271, section 271A, section 271AA, section 271B , section 271BA, section 271BB, section 271C, section 271CA, section 271D, section 271E, section 271F, section 271FA, section 271FB, section 271G, section 271H, clause (c) or clause (d) of sub section (1) or sub-section (2) of section 272A, sub-section (1) of section 272AA or section 272B or subsection (1) or subsection

M/S SYNDICATE BANK ,BANGALORE vs. ADDITIONAL COMMISSIONER OF INCOME TAX (TDS) RANGE-3 , BANGALORE

In the result, all the appeals by the assessee are allowed

Bench: Shri N.V. Vasudevan & Shri Jason P. Boazin Ita Nos. A.Y. Appellant(S) Vs. Respondent 709/Bang/2019 2012-13 Syndicate Bank, 2011-12 Rajajinagar Main Branch, Ramamandir Road, 3Rd Block, Rajajinagar, Bangalore – 560 010. Tan : Blrs 00880 F Pan: Aaccs 4699E 710/Bang/2019 2011-12 Syndicate Bank, 735/Bang/2019 2013-14 Jayanagar Market Complex Branch, The Assistant 12Th Main Road, Commissioner Of 3Rd Block, Jayanagar, Income Tax (Tds), Bangalore-560 011. Tan : Blrs 16148 G Range 3, Pan: Aaccs 4699E Bangalore. 711/Bang/2019 2011-12 Syndicate Bank, 2013-14 Bit Branch, K.R. Road,V V Puram, Bangalore-560 004. Tan : Blrs 16186 C Pan: Aaccs 4699E 712/Bang/2019 2011-12 Syndicate Bank, Vijaya College Br., R V Road, Basavangudi Bangalore – 560 004. Tan : Blrs 15334 E Pan: Aaccs 4699E

271, section 271A, section 271AA, section 271B , section 271BA, section 271BB, section 271C, section 271CA, section 271D, section 271E, section 271F, section 271FA, section 271FB, section 271G, section 271H, clause (c) or clause (d) of sub section (1) or sub-section (2) of section 272A, sub-section (1) of section 272AA or section 272B or subsection (1) or subsection