SMT. A.P. LAKSHMI GOWRI,BANGALORE vs. ITO, BANGALORE

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

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

reassessment proceedings pursuant to which order under Section 143(3) r.w.s. 147 of the Act dated 1st October 2014 were passed. making an addition of Rs 2,03,53,228 for each of the Appellants as income from capital gains. thereby determining total income at Rs 2,03,53,230 & Rs 2,06,22,148. Aggrieved with the order

SRI. A.R. PRASAD,BANGALORE vs. ITO, BANGALORE

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

Bench: Shri A. K. Garodia & Shri Pavan Kumar Gadale

reassessment proceedings pursuant to which order under Section 143(3) r.w.s. 147 of the Act dated 1st October 2014 were passed. making an addition of Rs 2,03,53,228 for each of the Appellants as income from capital gains. thereby determining total income at Rs 2,03,53,230 & Rs 2,06,22,148. Aggrieved with the order

M/S. BHARAT BEEDI WORKS PRIVATE LIMITED,MANGALURU vs. DEPUTY COMMISIONER OF INCOME TAX, CENTRAL CIRCLE - 2, MANGALURU

In the result, the appeals filed by the assessee for all the four A

Bench: SHRI LAXMI PRASAD SAHU, ACCOUNTANT MEMBER\nAND\nSHRI SOUNDARARAJAN K. (Judicial Member)

5A: The impugned assessment order under\nSection 143(3) dated 29.09.2021 is bad and invalid\nas the same is barred by limitation under Section\n153B(1).\nGound 5B: The impugned assessment order under\nSection 143(3) dated 29.09.2021 is bad and non-est\nPage 34 of 74\nITA Nos.642 to 645/Bang/2024\nas the Learned AO has obtained a single approval

ASST.C.I.T., BANGALORE vs. SHRI. M.R. ANANDARAM (HUF), BANGALORE

In the result, the appeals of the Revenue and the Cross Objections of the assessee are dismissed

Bench: Shri Sunil Kumar Yadav & Shri A.K. Garodia

147 of the IT Act respectively. In the Wealth Tax assessment order (a copy of the same has been filed by the appellant), the Assessing Officer has taken a stand that these lands are owned and possessed by the appellant and are exigible to wealth tax in its hands. The AO has also assessed the Wealth arising

M/S. BHARAT BEEDI WORKS PRIVATE LIMITED,MANGALURU vs. DEPUTY COMMISIONER OF INCOME TAX, CENTRAL CIRCLE - 2, MANGALURU

5A: The impugned assessment order under\nSection 143(3) dated 29.09.2021 is bad and invalid\nas the same is barred by limitation under Section\n153B(1).\nGound 5B: The impugned assessment order under\nSection 143(3) dated 29.09.2021 is bad and non-est\nPage 34 of 74\nJCIT\nITA Nos. 642 to 645/Bang/2024\nCentral Range vide\nas the Learned

M/S. BHARAT BEEDI WORKS PRIVATE LIMITED,MANGALURU vs. DEPUTY COMMISIONER OF INCOME TAX, CENTRAL CIRCLE - 2, MANGALURU

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

5A: The impugned assessment order under\nSection 143(3) dated 29.09.2021 is bad and invalid\nas the same is barred by limitation under Section\n153B(1).\n\nGound 5B: The impugned assessment order under\nSection 143(3) dated 29.09.2021 is bad and non-est\n\nPage 31 of 74\nITA Nos.642 to 645/Bang/2024\nas the Learned AO has obtained