M/S |NTERNATIONAL STONES I P LTD,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX,, BANGALORE

In the result, the appeal of the assessee is partly allowed for statistical purposes

Bench: Smt. Asha Vijayaraghavan & Shri Inturi Rama Rao

68,696 for the year before setting off of unabsorbed depreciation and declaring income of Rs.1,00,16,037 after adjusting unabsorbed depreciation of Rs.26,09,261 and deduction under Chapter VIA of Rs.12,43,398. The contention of the assessee before the CIT(A) was that brought forward unabsorbed depreciation of Rs.26

DEPUTY COMMISSIONER OF INCOME TAX,, BANGALORE vs. M/S INTERNATIONAL STONES INDIA P LTD, BANGALORE

In the result, the appeal of the assessee is partly allowed for statistical purposes

Bench: Smt. Asha Vijayaraghavan & Shri Inturi Rama Rao

68,696 for the year before setting off of unabsorbed depreciation and declaring income of Rs.1,00,16,037 after adjusting unabsorbed depreciation of Rs.26,09,261 and deduction under Chapter VIA of Rs.12,43,398. The contention of the assessee before the CIT(A) was that brought forward unabsorbed depreciation of Rs.26

M/S INTERNATIONAL STONE INDIA PVT. LTD.,,BANGALORE vs. DCIT, BANGALORE

In the result, the appeal of the assessee is partly allowed for statistical purposes

Bench: Smt. Asha Vijayaraghavan & Shri Inturi Rama Rao

68,696 for the year before setting off of unabsorbed depreciation and declaring income of Rs.1,00,16,037 after adjusting unabsorbed depreciation of Rs.26,09,261 and deduction under Chapter VIA of Rs.12,43,398. The contention of the assessee before the CIT(A) was that brought forward unabsorbed depreciation of Rs.26

M/S INTERNATIONAL STONES I P LTD,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX,, BANGALORE

In the result, the appeal of the assessee is partly allowed for statistical purposes

Bench: Smt. Asha Vijayaraghavan & Shri Inturi Rama Rao

68,696 for the year before setting off of unabsorbed depreciation and declaring income of Rs.1,00,16,037 after adjusting unabsorbed depreciation of Rs.26,09,261 and deduction under Chapter VIA of Rs.12,43,398. The contention of the assessee before the CIT(A) was that brought forward unabsorbed depreciation of Rs.26

DCIT, BANGALORE vs. M/S INTERNATIONAL STONES INDIA PVT. LTD.,, BANGALORE

In the result, the appeal of the assessee is partly allowed for statistical purposes

Bench: Smt. Asha Vijayaraghavan & Shri Inturi Rama Rao

68,696 for the year before setting off of unabsorbed depreciation and declaring income of Rs.1,00,16,037 after adjusting unabsorbed depreciation of Rs.26,09,261 and deduction under Chapter VIA of Rs.12,43,398. The contention of the assessee before the CIT(A) was that brought forward unabsorbed depreciation of Rs.26

BHARAT MINE AND MINERALS,BANGALORE vs. DCIT, BANGALORE

In the result, the appeals of Revenue for Assessment Years 2008-09

Bench: Shri Sunil Kumar Yadav & Shri Jason P Boaz

10B. 18. The authorities below erred in adding Rs. 79,68,350/- as unexplained investment u/s 69 of the IT Act. 19. The authorities below erred in relying on material and statements without furnishing the same to the assessee before passing the assessment order. 20. The authorities below erred in relying on statements without providing opportunity to cross examine

M/S. ALLSTATE INDIA PRIVATE LIMITED ,BENGALURU vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 1(1)(1), BENGALURU

In the result, the appeal of the assessee is allowed

Bench: Shri George George K. & Shri Laxmi Prasad Sahuassessment Year: 2018-19

10B and could not be taxed separately under section 56". Interest income earned by the Company of parking surplus funds with bank by special category of assessee i.e. SEZ unit covered under Section 10AA of the Act. was integral part export business activity and business decision taken in view of the commercial expediency. Hence such interest income earned

DCIT, BANGALORE vs. M/S CORE OBJECTS INDIA PVT. LTD.,, BANGALORE

In the result appeal filed by assessee stands allowed as indicated hereinabove and appeal filed by revenue stands allowed partly

Bench: Shri. Chandra Poojari & Smt. Beena Pillaiit(Tp)A No.517/Bang/2015 Assessment Year : 2010-11

10B or under Chapter VI-A will be allowed in respect of the amount of income, by which the total income of the assessee is enhanced after computation of income under subsection." From the Memo Explaining the Provisions of Finance Bill, 2006 as well as from the literal meaning of the word 'enhanced1, it is clear that if income increased

M/S. K. MOHAN & COMPANY (EXPORTS) PVT. LTD.,,BANGALORE vs. ACIT, BANGALORE

In the result, ITA 1057/B/12 is partly allowed and ITA 1103/B/12 is dismissed

Bench: Shri N.V. Vasudevan & Shri Jason P. Boaz

68. The assessee has two 100 EOUs. The AO found that the EOU-I and SEZ units suffered losses. The assessee claimed relief u/s 10B in respect of the income earned by its profit-making EOU i.e. Unit-Il without aggregating the income and losses of all its units. Quoting section

ACIT, BANGALORE vs. M/S K. MOHAN & COMPANY (EXPORTS) PVT. LTD.,, BANGALORE

In the result, ITA 1057/B/12 is partly allowed and ITA 1103/B/12 is dismissed

Bench: Shri N.V. Vasudevan & Shri Jason P. Boaz

68. The assessee has two 100 EOUs. The AO found that the EOU-I and SEZ units suffered losses. The assessee claimed relief u/s 10B in respect of the income earned by its profit-making EOU i.e. Unit-Il without aggregating the income and losses of all its units. Quoting section

M/S K. MOHAN & COMPNAY (EXPORTS) PVT. LTD.,,BANGALORE vs. ACIT, BANGALORE

In the result, ITA 1057/B/12 is partly allowed and ITA 1103/B/12 is dismissed

Bench: Shri N.V. Vasudevan & Shri Jason P. Boaz

68. The assessee has two 100 EOUs. The AO found that the EOU-I and SEZ units suffered losses. The assessee claimed relief u/s 10B in respect of the income earned by its profit-making EOU i.e. Unit-Il without aggregating the income and losses of all its units. Quoting section

M/S K. MOHAN & COMPANY (EXPORTS) PRIVATE LIMITED,BANGALORE vs. ACIT, BANGALORE

In the result, ITA 1057/B/12 is partly allowed and ITA 1103/B/12 is dismissed

Bench: Shri N.V. Vasudevan & Shri Jason P. Boaz

68. The assessee has two 100 EOUs. The AO found that the EOU-I and SEZ units suffered losses. The assessee claimed relief u/s 10B in respect of the income earned by its profit-making EOU i.e. Unit-Il without aggregating the income and losses of all its units. Quoting section

ASST.C.I.T., RAICHUR vs. M/S SHILPA MEDICARE LTD.,, RAICHUR

In the result, the revenue’s appeal for AY 2011-12 is dismissed

Bench: Shri N.V. Vasudevan & Shri B R Baskaran

section 10B of the Income tax Act amounting to Rs.18,95,68,278/- for the A.Y. 2011-12. On going

M/S SHILPA MEDICARE LTD.,,RAICHUR vs. ADDL.C.I.T., RAICHUR

In the result, the revenue’s appeal for AY 2011-12 is dismissed

Bench: Shri N.V. Vasudevan & Shri B R Baskaran

section 10B of the Income tax Act amounting to Rs.18,95,68,278/- for the A.Y. 2011-12. On going

ASST.C.I.T., RAICHUR vs. M/S SHILPA MEDICARE LTD.,, RAICHUR

In the result, the revenue’s appeal for AY 2011-12 is dismissed

Bench: Shri N.V. Vasudevan & Shri B R Baskaran

section 10B of the Income tax Act amounting to Rs.18,95,68,278/- for the A.Y. 2011-12. On going

DCIT, BANGALORE vs. M/S APOTEX PHARMACHEM INDIA PVT. LTD.,, BANGALORE

In the result, the appeal filed by revenue stands partly allowed for statistical purposes as indicated hereinabove

section 10B prospectively and not retrospectively despite the fact that Development Commissioner granted approval on 16 April 2004. Aggrieved by the assessment order, assessee filed appeal before the Ld.CIT(A). The Ld.CIT(A) deleted the disallowance made by the Ld.AO by observing as under:- “Relying on the decisions of the Delhi High court in the case of Enable Exports

DCIT, BANGALORE vs. M/S HEWLETT PACKARD GLOBALSOFT PVT. LTD.,, BANGALORE

In the result, the appeal filed by the assessee stands partly allowed for statistical purposes and the appeal of the revenue stands dismissed

section 10A and 10B of the Act 10,90,60,594 As per ROI 99,59,24,204 Less: As per FAO 88,68

HEWLETT-PACKARD GLOBALSOFT PRIVATE LIMTIED,BANGALORE vs. DCIT, BANGALORE

In the result, the appeal filed by the assessee stands partly allowed for statistical purposes and the appeal of the revenue stands dismissed

section 10A and 10B of the Act 10,90,60,594 As per ROI 99,59,24,204 Less: As per FAO 88,68

JCIT, BANGALORE vs. M/S BIOCON LTD.,, BANGALORE

In the result, Revenue’s appeal for Assessment Year 2008-09 is dismissed

Bench: Shri Sunil Kumar Yadav & Shri Jason P Boaz

Section 10B of the Act will be allowed only on the reduced amount. In response thereto, the learned Authorised Representative of the assessee; submitted that it was explained that the sale price of insulin is dependent on the conditions of demand and supply prevalent in the market and was not solely dependent on the cost of the product