M/S VVD CONSTRUCTIONS PRIVATE LIMITED ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, ITA No.3384/Bang/2018 is allowed, while ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A conducted by the AO on 27.9.2016, it was found that no regular books of account was maintained and bills & vouchers are not available. On being asked as to why the case of assessee should be subject to special audit, Shri Maki Reddy Venkat Reddy, MD submitted that under oath he declared 8% of turnover as net profit

M/S VVD CONSTRUCTIONS PRIVATE LIMITED ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, ITA No.3384/Bang/2018 is allowed, while ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A conducted by the AO on 27.9.2016, it was found that no regular books of account was maintained and bills & vouchers are not available. On being asked as to why the case of assessee should be subject to special audit, Shri Maki Reddy Venkat Reddy, MD submitted that under oath he declared 8% of turnover as net profit

M/S VVD CONSTRUCTIONS PVT LTD ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-7(1)(2), BANGALORE

In the result, ITA No.3384/Bang/2018 is allowed, while ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A conducted by the AO on 27.9.2016, it was found that no regular books of account was maintained and bills & vouchers are not available. On being asked as to why the case of assessee should be subject to special audit, Shri Maki Reddy Venkat Reddy, MD submitted that under oath he declared 8% of turnover as net profit

M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A of the Act conducted on 8.2.2018. During the course of survey proceedings, a statement was recorded from Uday Kumar Salian, one of the partners of the firm. In his statement recorded u/s 131 of the Act, he confirmed the bogus purchases in these assessment years. There also he offered additional income in these assessment years. That provoked

M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A of the Act conducted on 8.2.2018. During the course of survey proceedings, a statement was recorded from Uday Kumar Salian, one of the partners of the firm. In his statement recorded u/s 131 of the Act, he confirmed the bogus purchases in these assessment years. There also he offered additional income in these assessment years. That provoked

M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A of the Act conducted on 8.2.2018. During the course of survey proceedings, a statement was recorded from Uday Kumar Salian, one of the partners of the firm. In his statement recorded u/s 131 of the Act, he confirmed the bogus purchases in these assessment years. There also he offered additional income in these assessment years. That provoked

M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A of the Act conducted on 8.2.2018. During the course of survey proceedings, a statement was recorded from Uday Kumar Salian, one of the partners of the firm. In his statement recorded u/s 131 of the Act, he confirmed the bogus purchases in these assessment years. There also he offered additional income in these assessment years. That provoked

M/S. YASHASWI FISH MEAL AND OIL COMPANY,UDUPI vs. DEPUTY COMMISSIONER OF INCOME-TAX, CENTRAL CIRCLE-1, MANGALORE

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

Bench: Shri Chandra Poojari & Smt. Beena Pillai

133A of the Act conducted on 8.2.2018. During the course of survey proceedings, a statement was recorded from Uday Kumar Salian, one of the partners of the firm. In his statement recorded u/s 131 of the Act, he confirmed the bogus purchases in these assessment years. There also he offered additional income in these assessment years. That provoked

T.G. RANGANATH,BANGALORE vs. DCIT, BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2008-09

147 of the Act. 5.1 The ld. A.R. submitted that the Survey was conducted u/s 133A of the Act on 17-09-2010 at residential premises at No.523, "SUMUKHA", 3rd Main, BSK 3rd stage, Bangalore -560085 of the assessee besides business premises. The power of entry into the residential and business premises prescribed under section

ACIT, BANGALORE vs. SRI. T.G. RANGANATH, BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2008-09

147 of the Act. 5.1 The ld. A.R. submitted that the Survey was conducted u/s 133A of the Act on 17-09-2010 at residential premises at No.523, "SUMUKHA", 3rd Main, BSK 3rd stage, Bangalore -560085 of the assessee besides business premises. The power of entry into the residential and business premises prescribed under section

T.G. RANGANATH,BANGALORE vs. ACIT, BANGALORE

Bench: Shri Chandra Poojari & Smt. Beena Pillaiassessment Year: 2008-09

147 of the Act. 5.1 The ld. A.R. submitted that the Survey was conducted u/s 133A of the Act on 17-09-2010 at residential premises at No.523, "SUMUKHA", 3rd Main, BSK 3rd stage, Bangalore -560085 of the assessee besides business premises. The power of entry into the residential and business premises prescribed under section

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(2)(1), BANGALORE vs. SHRI SACHIN KAMATH, BANGALORE

In the result, the Revenue’s appeals bearing ITA Nos

Bench: Shri Chandra Poojari & Shri Pavan Kumar Gadale

survey u/s 133A of the Act was conducted on the premises of the assessee on 03/06/2011 and consequent to search proceedings on ITA No.1780 to 1785-B-17 & CO 27 to 32-B-2018 Page 4 of 22 the premises of Shri Dayananda Pai and M/s. Canara Housing Development Company [‘CHD’ for short]. Acting on seized material and cash

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(2)(1), BANGALORE vs. SHRI SACHIN KAMATH, BANGALORE

In the result, the Revenue’s appeals bearing ITA Nos

Bench: Shri Chandra Poojari & Shri Pavan Kumar Gadale

survey u/s 133A of the Act was conducted on the premises of the assessee on 03/06/2011 and consequent to search proceedings on ITA No.1780 to 1785-B-17 & CO 27 to 32-B-2018 Page 4 of 22 the premises of Shri Dayananda Pai and M/s. Canara Housing Development Company [‘CHD’ for short]. Acting on seized material and cash

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1(2)(1), BANGALORE vs. SHRI SACHIN KAMATH , BANGALORE

In the result, the Revenue’s appeals bearing ITA Nos

Bench: Shri Chandra Poojari & Shri Pavan Kumar Gadale

survey u/s 133A of the Act was conducted on the premises of the assessee on 03/06/2011 and consequent to search proceedings on ITA No.1780 to 1785-B-17 & CO 27 to 32-B-2018 Page 4 of 22 the premises of Shri Dayananda Pai and M/s. Canara Housing Development Company [‘CHD’ for short]. Acting on seized material and cash

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-1(2)(1), BANGALORE vs. SHRI SACHIN KAMATH , BANGALORE

In the result, the Revenue’s appeals bearing ITA Nos

Bench: Shri Chandra Poojari & Shri Pavan Kumar Gadale

survey u/s 133A of the Act was conducted on the premises of the assessee on 03/06/2011 and consequent to search proceedings on ITA No.1780 to 1785-B-17 & CO 27 to 32-B-2018 Page 4 of 22 the premises of Shri Dayananda Pai and M/s. Canara Housing Development Company [‘CHD’ for short]. Acting on seized material and cash

DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1(2)(1), BANGALORE vs. SHRI SACHIN KAMATH, BANGALORE

In the result, the Revenue’s appeals bearing ITA Nos

Bench: Shri Chandra Poojari & Shri Pavan Kumar Gadale

survey u/s 133A of the Act was conducted on the premises of the assessee on 03/06/2011 and consequent to search proceedings on ITA No.1780 to 1785-B-17 & CO 27 to 32-B-2018 Page 4 of 22 the premises of Shri Dayananda Pai and M/s. Canara Housing Development Company [‘CHD’ for short]. Acting on seized material and cash

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), BENGALURU vs. M/S. GOKULA EDUCATION FOUNDATION (MEDICAL), BENGALURU

In the result, revenue appeals in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

survey u/s 133A. Thus, the objection on the ground that the material relied upon to initiate proceedings u/s 153A was not found in the premises belonging to the appellant and therefore no proceeding can be initiated u/s 153A is untenable and is therefore rejected. 14. Further the objection that the notice issued u/s

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(2), BENGALURU vs. M/S. GOKULA EDUCATION FOUNDATION (MEDICAL), BENGALURU

In the result, revenue appeals in ITA Nos

Bench: Shri Chandra Poojari & Smt. Beena Pillai

survey u/s 133A. Thus, the objection on the ground that the material relied upon to initiate proceedings u/s 153A was not found in the premises belonging to the appellant and therefore no proceeding can be initiated u/s 153A is untenable and is therefore rejected. 14. Further the objection that the notice issued u/s