EDGEVERVE SYSTEMS LIMITED ,BANGALORE vs. ACIT, CIRCLE-2(2)(1), BANGALORE

In the result, both the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri Waseem Ahmed & Shri Soundararajan K

depreciation was allowed and no reassessment proceedings were initiated. Therefore, the Revenue has accepted the allowability of depreciation on identical

M/S. UNITED BREWERIES LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE-7(1)(1), BENGALURU

In the result, both the appeals filed by the assessee stands partly allowed for statistical purposes

reassessment proceedings\n2020-21\n2012-13\n6 to 11\nTV airing expenses and production expenses\n2020-21\n7 to 12\nDigital media expenses and TV advertisements\n3. The other grounds raised in AY 2020-21 are as under:\na) Ground nos. 2 to 6 – Depreciation

EDGEVERVE SYSTEMS LIMITED,BANGALORE vs. ACIT, CIRCLE-2(2)(1), BANGALORE

depreciation was\nallowed and no reassessment proceedings were initiated. Thus, the\nRevenue has accepted the allowability of depreciation on identical

EDGEVERVE SYSTEMS LIMITED,BANGALORE vs. ACIT, CIRCLE-2(2)(1), BANGALORE

depreciation was\nallowed and no reassessment proceedings were initiated. Thus, the\nRevenue has accepted the allowability of depreciation on identical

M/S. CANARA BANK ,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(1)(1), BANGALORE

In the result, appeal filed by the assessee is allowed

Bench: Shri George George K & Shri Laxmi Prasad Sahuassessment Year : 1996-97 M/S. Canara Bank, Vs. Dcit, Fm Wing, Head Office, 112, J C Road, Circle – 2(1)(1), Bengaluru – 560 002. Bengaluru. Pan : Aaajs 1557 Q Appellant Respondent Assessee By : Shri. S. Ananthan, Advocate Revenue By : Shri. Subramanian S, Addl. Cit(Dr)(Itat), Bengaluru. Date Of Hearing : 07.03.2024 Date Of Pronouncement : 08.03.2024

reassessment order completed, assessee’s claim of depreciation on assets leased to M/s. Bellary Steels and Alloys Ltd., (BSAL) amounting

M/S. BARBEQUE NATION HOSPITALITY LTD,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME-TAX OFFICER, CENTRAL CIRCLE-2(2), BENGALURU

In the result, appeals filed by the assessee are partly allowed

depreciation on such sum on the facts and\ncircumstances of the case.\n\n10.\nThe appellant denies the liability to pay interest under section\n234A, 234B and 234C of the Act of the Act, in view of the fact that\nthere is no liability to additional tax as determined by the assessing\nofficer. Without prejudice, the rate, period

M/S. TOYOTA KIRLOSKAR MOTOR PVT LTD,BENGALURU vs. ASSISTANT COMMISSIONER OF INCOME TAX, LTU, CIRCLE-1, , BENGALURU

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

Bench: Shri Laxmi Prasad Sahu & Shri Keshav Dubeyassessment Year: 2011-12 M/S. Toyota Kirloskar Motor Pvt. Ltd. Plot No.1, Bidadi Industrial Area So Bidadi Acit Vs. Ramanagar Ltu, Circle-1 Bengaluru 562 109 Banalore Pan No : Aaact5415B Appellant Respondent Appellant By : Sri Padam Chand Kincha, A.R. Respondent By : Smt. Kumutha D., D.R. Date Of Hearing : 24.09.2024 Date Of Pronouncement : 20.12.2024

depreciation claims on building of Rs. 23,80,603/- and Plant & Machinery of Rs. 28,19,454/- and added to the total income of the assessee. 4. Aggrieved by the disallowance made by the AO , the assessee preferred an appeal before the ld. CIT(A)/NFAC questioning the legal validity of reassessment

SAIKAT CHINMAY BHATTACHARYA,MUMBAI vs. DY. CIT, INTERNATIONAL TAXATION, CIRCLE 1(1), BANGALORE

In the result the appeal filed by the assessee is allowed

reassess such income or recompute the loss\nor the depreciation allowance or any other allowance or deduction for the\n Assessment

ARUN DURAISWAMY,MYSORE, KARNATAKA vs. ITO, INTL. TAXATION WARD 1(1), BANGALORE

In the result the appeal filed by the assessee is allowed

Bench: Shri Prashant Maharishi & Shri Keshav Dubey

reassess such income or recompute the loss or the depreciation allowance or any other allowance or deduction for the Assessment

NEETA BHAMBHANI,BENGALURU vs. DCIT, (IT), CIRCLE-1(1), BENGALURU

In the result, I pass the following:-

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

reassess such income or recompute the loss or the depreciation allowance or any other allowance or deduction for the Assessment

DCIT, CENTRAL CIRCLE-1(3), BENGALURU, BENGALURU vs. COFFEE DAY GLOBAL LIMITED, BENGALURU

depreciation under Section 32(1)(iia) is allowable for the process of converting raw coffee beans into liquid coffee, as it constitutes manufacturing. The reassessment

DCIT, CENTRAL CIRCLE-1(3), BENGALURU, BENGALURU vs. COFFEE DAY ENTERPRISES LIMITED, BENGALURU

In the result, all the COs by assessee in CO\nNos

depreciation is allowable for the process of converting raw coffee beans into liquid coffee. The validity of reassessment proceedings under

M/S MSPL LIMITED,MUMBAI vs. ACIT, BANGALORE

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

Bench: Shri George George K. & Shri Laxmi Prasad Sahuassessment Year : 2005-06

depreciation on the basis of financial statements while completing the assessment u/s. 153A of the Act. He submitted that on the date of search there was no assessment/ reassessment

JOHN DEVELOPERS ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(1), BANGALORE

reassessment under Section 153C follows lines pari materia with Section 153A. D. The First Proviso to Section 153C introduces a legal fiction on the basis of which the commencement date for computation of the six year or the ten year block is deemed to be the date of receipt of books of accounts by the jurisdictional AO. The identification

M/S. BARBEQUE NATION HOSPITALITY LTD,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE-2(2), BENGALURU

In the result, appeals filed by the assessee are partly allowed

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

reassess the total income taking into consideration, the incriminating unearthed during the search and the other material available with the AO including income declared in the returns". 17. Respectfully following the above Order of the Hon’ble Apex Court, disallowance of depreciation

M/S. BARBEQUE NATION HOSPITALITY LTD,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-2(2), BENGALURU

In the result, appeals filed by the assessee are partly allowed

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

reassess the total income taking into consideration, the incriminating unearthed during the search and the other material available with the AO including income declared in the returns". 17. Respectfully following the above Order of the Hon’ble Apex Court, disallowance of depreciation

M/S. BARBEQUE NATION HOSPITALITY LTD,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(2), BENGALURU

In the result, appeals filed by the assessee are partly allowed

Bench: Shri. Laxmi Prasad Sahu & Shri. Keshav Dubey

reassess the total income taking into consideration, the incriminating unearthed during the search and the other material available with the AO including income declared in the returns". 17. Respectfully following the above Order of the Hon’ble Apex Court, disallowance of depreciation

M/S. UNITED BREWERIES LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME-TAX, CIRCLE-7(1)(1), BENGALURU

In the result, both the appeals filed by the assessee stands partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

reassessment proceedings 2020-21 - - TV airing expenses 2012-13 6 to 11 and production expenses Digital media 2020-21 7 to 12 expenses and TV advertisements 3. The other grounds raised in AY 2020-21 are as under: a) Ground nos. 2 to 6 – Depreciation