SRI. ANNESH,UDUPI vs. INCOME-TAX OFFICER, WARD-1, CHIKMANGALUR

In the result, the appeal of the assessee is allowed

Bench: Shri Chandra Poojari

x) The petitioner in his response dated 19th May, 2016 did not specifically dispute receipt of the notice under Section 148 of the Act, though the word "alleged" was used. (xi) Petitioner in his objections dated 15th November, 2016, had stated that the alleged notice under Section 148 had not been served on him till 31st March, 2016 and hence

MR. D K SHIVAKUMAR,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE

Bench: Shri Laxmi Prasad Sahu & Shri Soundarajan K

56 2525920 1298952 DKS 81 4726000 2430360 DKS 20 2525850 1268916 DKS 46 3408995 1989969 DKS 19 2314785 1190376 DKS 63 4200000 2345796 DKS Total; 3,48,33,582 DKS ITA Nos.45, 46, 47, 48/Bang/2020 ITA No.205/Bang/2022 Page 11 of 77 4.5 The assessee was furnished the seized documents marked as A2/DJPL, page no. 11 to 16 to the assessee

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE- 1(4), BANGALORE vs. MR. D K SHIVAKUMAR, BANGALORE

Bench: Shri Laxmi Prasad Sahu & Shri Soundarajan K

56 2525920 1298952 DKS 81 4726000 2430360 DKS 20 2525850 1268916 DKS 46 3408995 1989969 DKS 19 2314785 1190376 DKS 63 4200000 2345796 DKS Total; 3,48,33,582 DKS Page 11 of 77 ITA Nos.45, 46, 47, 48/Bang/2020 ITA No.205/Bang/2022 4.5 The assessee was furnished the seized documents marked as A2/DJPL, page no. 11 to 16 to the assessee

M/S BANDANTHAMMA MATHU KALAMMA TRUST ,MYSORE vs. INCOME TAX OFFICER WARD-1(4), MYSORE

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

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

56,560 6. 2013-2014 10,65,430 3.2 The assessee being aggrieved by the impugned orders of the A.O. u/s 143(3) r.w.s. 147 of the Act, preferred appeals before the CIT(A). The CIT(A) disposed of the appeals by confirming the additions made by the A.O. 3.3 Aggrieved by the orders of the Income Tax Authorities

M/S BANDANTHAMMA MATHU KALAMMA TRUST ,MYSORE vs. INCOME TAX OFFICER WARD-1(4), MYSORE

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

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

56,560 6. 2013-2014 10,65,430 3.2 The assessee being aggrieved by the impugned orders of the A.O. u/s 143(3) r.w.s. 147 of the Act, preferred appeals before the CIT(A). The CIT(A) disposed of the appeals by confirming the additions made by the A.O. 3.3 Aggrieved by the orders of the Income Tax Authorities

M/S BANDANTHAMMA MATHU KALAMMA TRUST,MYSORE vs. INCOME TAX OFFICER WARD-1(4), MYSORE

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

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

56,560 6. 2013-2014 10,65,430 3.2 The assessee being aggrieved by the impugned orders of the A.O. u/s 143(3) r.w.s. 147 of the Act, preferred appeals before the CIT(A). The CIT(A) disposed of the appeals by confirming the additions made by the A.O. 3.3 Aggrieved by the orders of the Income Tax Authorities

M/S BANDANTHAMMA MATHU KALAMMA TRUST ,MYSORE vs. INCOME TAX OFFICER WARD-1(4), MYSORE

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

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

56,560 6. 2013-2014 10,65,430 3.2 The assessee being aggrieved by the impugned orders of the A.O. u/s 143(3) r.w.s. 147 of the Act, preferred appeals before the CIT(A). The CIT(A) disposed of the appeals by confirming the additions made by the A.O. 3.3 Aggrieved by the orders of the Income Tax Authorities

M/S BANDANTHAMMA MATHU KALAMMA TRUST ,MYSORE vs. INCOME TAX OFFICER WARD-1(4), MYSORE

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

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

56,560 6. 2013-2014 10,65,430 3.2 The assessee being aggrieved by the impugned orders of the A.O. u/s 143(3) r.w.s. 147 of the Act, preferred appeals before the CIT(A). The CIT(A) disposed of the appeals by confirming the additions made by the A.O. 3.3 Aggrieved by the orders of the Income Tax Authorities

M/S BANDANTHAMMA MATHU KALAMMA TRUST ,MYSORE vs. INCOME TAX OFFICER WARD-1(4), MYSORE

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

Bench: Shri Chandra Poojari, Am & Smt.Beena Pillai, Jm

56,560 6. 2013-2014 10,65,430 3.2 The assessee being aggrieved by the impugned orders of the A.O. u/s 143(3) r.w.s. 147 of the Act, preferred appeals before the CIT(A). The CIT(A) disposed of the appeals by confirming the additions made by the A.O. 3.3 Aggrieved by the orders of the Income Tax Authorities

M/S.NAVODAYA GRAMA VIKAS CHARITABLE TRUST ,MANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTIONS) CIRCLE-1 , , MANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

x) The Assessing Officer, being a quasi judicial authority, is expected to arrive at a subjective satisfaction independently on an objective criteria. (xi) While the report of the Investigation Wing might constitute the material, on the basis of which, the Assessing Officer forms the reasons to believe, the process of arriving at such satisfaction should not be a mere repetition

M/S NAVODAYA GRAMA VIKAS CHARITABLE TRUST ,MANGALORE vs. THE ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTIONS) CIRCLE-1 , MANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

x) The Assessing Officer, being a quasi judicial authority, is expected to arrive at a subjective satisfaction independently on an objective criteria. (xi) While the report of the Investigation Wing might constitute the material, on the basis of which, the Assessing Officer forms the reasons to believe, the process of arriving at such satisfaction should not be a mere repetition

SHRI JITENDRA VIRWANI,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(3), BANGALORE

In the result, the appeals by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri George George K.

x) Minutes of the Meeting of the Board of Directors dated 19.1.2010 authorising the Directors of Romulus Assets Limited to pledge the assets of Romulus Assets Limited in favour of EFG Bank, as security for the loan extended by the Bank to the appellant. 7. Based on the information available, the AO had listed out several payments made by Romulus

SHRI. JITENDRA VIRWANI,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(3), BANGALORE

In the result, the appeals by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri George George K.

x) Minutes of the Meeting of the Board of Directors dated 19.1.2010 authorising the Directors of Romulus Assets Limited to pledge the assets of Romulus Assets Limited in favour of EFG Bank, as security for the loan extended by the Bank to the appellant. 7. Based on the information available, the AO had listed out several payments made by Romulus

SHRI JITENDRA VIRWANI,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(3), BANGALORE

In the result, the appeals by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri George George K.

x) Minutes of the Meeting of the Board of Directors dated 19.1.2010 authorising the Directors of Romulus Assets Limited to pledge the assets of Romulus Assets Limited in favour of EFG Bank, as security for the loan extended by the Bank to the appellant. 7. Based on the information available, the AO had listed out several payments made by Romulus

SHRI JITENDRA VIRWANI,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(3), BANGALORE

In the result, the appeals by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri George George K.

x) Minutes of the Meeting of the Board of Directors dated 19.1.2010 authorising the Directors of Romulus Assets Limited to pledge the assets of Romulus Assets Limited in favour of EFG Bank, as security for the loan extended by the Bank to the appellant. 7. Based on the information available, the AO had listed out several payments made by Romulus

SHRI JITENDRA VIRWANI,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(3), BANGALORE

In the result, the appeals by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri George George K.

x) Minutes of the Meeting of the Board of Directors dated 19.1.2010 authorising the Directors of Romulus Assets Limited to pledge the assets of Romulus Assets Limited in favour of EFG Bank, as security for the loan extended by the Bank to the appellant. 7. Based on the information available, the AO had listed out several payments made by Romulus

SHRI JITENDRA VIRWANI,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(3), BANGALORE

In the result, the appeals by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri George George K.

x) Minutes of the Meeting of the Board of Directors dated 19.1.2010 authorising the Directors of Romulus Assets Limited to pledge the assets of Romulus Assets Limited in favour of EFG Bank, as security for the loan extended by the Bank to the appellant. 7. Based on the information available, the AO had listed out several payments made by Romulus

SHRI JITENDRA VIRWANI,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE - 1(3), BANGALORE

In the result, the appeals by the assessee in ITA Nos

Bench: Shri Chandra Poojari & Shri George George K.

x) Minutes of the Meeting of the Board of Directors dated 19.1.2010 authorising the Directors of Romulus Assets Limited to pledge the assets of Romulus Assets Limited in favour of EFG Bank, as security for the loan extended by the Bank to the appellant. 7. Based on the information available, the AO had listed out several payments made by Romulus