SMT. NISHITA NANDISH ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), BANGALORE

In the result, the appeal of the assessee for AY 2013-14 is partly allowed

Bench: Shri. Laxmi Prasad Sahu & Shri. Soundararajan K

546/-. In this regard, ITA Nos.1614 to 1616/Bang/2024 Page 8 of 29 questionnaire under section 142(1) fo the Act dated 24.01.2022 was communicated to the assessee stating that the manual return of income filed by the assessee for the Assessment Year under consideration is not valid and assessee was requested to file a valid return of income through

SMT. NISHITA NANDISH,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), BANGALORE

In the result, the appeal of the assessee for AY 2013-14 is partly allowed

Bench: Shri. Laxmi Prasad Sahu & Shri. Soundararajan K

546/-. In this regard, ITA Nos.1614 to 1616/Bang/2024 Page 8 of 29 questionnaire under section 142(1) fo the Act dated 24.01.2022 was communicated to the assessee stating that the manual return of income filed by the assessee for the Assessment Year under consideration is not valid and assessee was requested to file a valid return of income through

M/S. EAGLE TRADERS & LOGISTICS,BELLARY vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 2(3), BANGALORE

Accordingly, the appeals filed by the assessee are allowed in above terms

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

147, 148, 149, 151 and 153, where the Assessing Officer is satisfied that any money, bullion, jewellery or other valuable article or thing or books of account or documents seized or requisitioned "belongs or belong to" a person other than the person referred to in section 153-A, then, the books of account or documents or assets seized or requisitioned

M/S. EAGLE TRADERS & LOGISTICS,BELLARY vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 2(3), BANGALORE

Accordingly, the appeals filed by the assessee are allowed in above terms

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

147, 148, 149, 151 and 153, where the Assessing Officer is satisfied that any money, bullion, jewellery or other valuable article or thing or books of account or documents seized or requisitioned "belongs or belong to" a person other than the person referred to in section 153-A, then, the books of account or documents or assets seized or requisitioned

M/S. EAGLE TRADERS & LOGISTICS,BELLARY vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 2(3), BANGALORE

Accordingly, the appeals filed by the assessee are allowed in above terms

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

147, 148, 149, 151 and 153, where the Assessing Officer is satisfied that any money, bullion, jewellery or other valuable article or thing or books of account or documents seized or requisitioned "belongs or belong to" a person other than the person referred to in section 153-A, then, the books of account or documents or assets seized or requisitioned

M/S. EAGLE TRADERS & LOGISTICS,BELLARY vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 2(3), BANGALORE

147, 148, 149, 151 and 153, where the\nAssessing Officer is satisfied that any money, bullion, jewellery or other\nvaluable article or thing or books of account or documents seized or\nrequisitioned \"belongs or belong to\" a person other than the person\nreferred to in section 153-A, then, the books of account or documents or\nassets seized or requisitioned

DCIT, BANGALORE vs. M/S JUPITER CAPITAL PVT. LTD.,, BANGALORE

Accordingly, appeal of the Revenue as well as the assessee are dismissed

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

546 has held that the expenditure incurred towards purchase of shares is a capital expenditure and does not qualify for deduction u/s. 36(1)(iii) of the Income Tax Act. According to the AO, interest worked out at the rate of 12% per annum needs to be disallowed from being claimed as a revenue expenditure. The AO found that indirect

DCIT, BANGALORE vs. M/S JUPITER CAPITAL PVT. LTD.,, BANGALORE

Accordingly, appeal of the Revenue as well as the assessee are dismissed

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

546 has held that the expenditure incurred towards purchase of shares is a capital expenditure and does not qualify for deduction u/s. 36(1)(iii) of the Income Tax Act. According to the AO, interest worked out at the rate of 12% per annum needs to be disallowed from being claimed as a revenue expenditure. The AO found that indirect

JUPITER CAPITAL P. LTD.,,BANGALORE vs. CIT, BANGALORE

Accordingly, appeal of the Revenue as well as the assessee are dismissed

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

546 has held that the expenditure incurred towards purchase of shares is a capital expenditure and does not qualify for deduction u/s. 36(1)(iii) of the Income Tax Act. According to the AO, interest worked out at the rate of 12% per annum needs to be disallowed from being claimed as a revenue expenditure. The AO found that indirect

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(3), BANGALORE , BANGALORE vs. M/S CONC SHADE CONSTRUCTION PVT LTD , CHIKKAMANGALUR

In the result, all the appeals by the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

147, section 148, section 149, section 151 and section 153, where the Assessing Officer is satisfied that,— (a) any money, bullion, jewellery or other valuable article or thing, seized or requisitioned, belongs to; or (b) any books of account or documents, seized or requisitioned, pertains or pertain to, or any information contained therein, relates to, a person other than

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(3),, BANGALORE vs. M/S CONC SHADE CONSTRUCTIONS PVT LTD , CHIKKAMANGALUR

In the result, all the appeals by the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

147, section 148, section 149, section 151 and section 153, where the Assessing Officer is satisfied that,— (a) any money, bullion, jewellery or other valuable article or thing, seized or requisitioned, belongs to; or (b) any books of account or documents, seized or requisitioned, pertains or pertain to, or any information contained therein, relates to, a person other than

ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-2(3) , BANGALORE vs. M/S CONC SHADE CONSTRUCTION PVT LTD , CHIKKAMANGALUR

In the result, all the appeals by the assessee are partly allowed for statistical purposes

Bench: Shri Chandra Poojari & Smt. Beena Pillai

147, section 148, section 149, section 151 and section 153, where the Assessing Officer is satisfied that,— (a) any money, bullion, jewellery or other valuable article or thing, seized or requisitioned, belongs to; or (b) any books of account or documents, seized or requisitioned, pertains or pertain to, or any information contained therein, relates to, a person other than

GMR TAMBARAM TINDIVANAM EXPRESSWAYS LIMITED ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-3(1)(2), BANGALORE

In the result that the revenue appeals are dismissed

Bench: Shri. Jason P. Boaz

reassessment powers u/S. 147/148 of the Act, the Assessing Authority has to record the detailed reasons with the relevant facts existing on record within the parameters of Section 147 of the Act, which would clearly disentitle the assessee from being given that deduction or would render the earlier allowing of such deduction by the original Assessing Authority ex-facie illegal

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

reassess the income of the appellant and\nconsequently the notice issued under section 153A of the Act is\ninvalid and the entire assessment proceedings is bad in law and\nvoid ab initio on the facts and circumstances of the case.\n\n3.\nThe appellant craves leave of this Hon'ble Tribunal, to add, alter,\ndelete, amend or substitute

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

reassess the income of the appellant and\nconsequently the notice issued under section 153A of the Act is\ninvalid and the entire assessment proceedings is bad in law and\nvoid ab initio on the facts and circumstances of the case.\n3.\nThe appellant craves leave of this Hon'ble Tribunal, to add, alter,\ndelete, amend or substitute

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

reassess the income of the appellant and\nconsequently the notice issued under section 153A of the Act is\ninvalid and the entire assessment proceedings is bad in law and\nvoid ab initio on the facts and circumstances of the case.\n\n3.\nThe appellant craves leave of this Hon'ble Tribunal, to add, alter,\ndelete, amend or substitute

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 income of the appellant and consequently the notice issued under section 153A of the Act is invalid and the entire assessment proceedings is bad in law and void ab initio on the facts and circumstances of the case. 3. The appellant craves leave of this Hon’ble Tribunal, to add, alter, delete, amend or substitute

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 income of the appellant and consequently the notice issued under section 153A of the Act is invalid and the entire assessment proceedings is bad in law and void ab initio on the facts and circumstances of the case. 3. The appellant craves leave of this Hon’ble Tribunal, to add, alter, delete, amend or substitute