SRI MARKANDEYA MAHARSHI PADMASHALI GURUPEETA MAHA SAMSTHANA ,BANGALORE vs. THE INCOME TAX OFFICER (EXEMPTION) WARD-3, BANGALORE

In the result, the assessee’s appeals for Assessment Years 2011-12

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

68,855/- for Assessment Year 2012-13; by including therein the corpus donations received in each of those years. 2.2 Aggrieved by the orders of assessment dated 27.03.2015 for Assessment Years 2011-12 and 2012-13, the assessee preferred appeals before the CIT(A)-14, LTU, Bangalore, which were dismissed vide the impugned orders dated 25.11.2016. 3.1 Aggrieved

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(3), BANGALORE vs. M/S COFFEEDAY GLOBAL LIMITED , BANGALORE

In the result, the appeals of the Revenue are partly allowed

Bench: S/Shri Chandra Poojari, Am & Smt. Beena Pillai, Jm Ita Nos. 3040 & 3041/Bang/2018 Assessment Years: 2013-14 & 2014-15 The Deputy Commissioner Of Vs. M/S. Coffee Day Global Limited, Income-Tax, Central Circle-1(3), No.23/2, Coffeeday Square, 3Rd Floor, C.R. Building, Vittal Mallya Road, Queen’S Road, Bengaluru-560 001. Bengaluru-560 001. [Pan: Aabca 5291P]

24,909 4.1.1 The Assessing Officer noticed that all the investments above were in group companies/concerns and had been made in the interest of the business activity of 3 I.T.A. Nos.3040 & 3041/Bang/2018 the assessee. Further, majority of the investments above were opening balances nd there were no fresh investments during the year. 4.2 Before the CIT(A), it was contended

DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-1(3), BANGALORE vs. M/S COFFEEDAY GLOBAL LIMITED , BANGALORE

In the result, the appeals of the Revenue are partly allowed

Bench: S/Shri Chandra Poojari, Am & Smt. Beena Pillai, Jm Ita Nos. 3040 & 3041/Bang/2018 Assessment Years: 2013-14 & 2014-15 The Deputy Commissioner Of Vs. M/S. Coffee Day Global Limited, Income-Tax, Central Circle-1(3), No.23/2, Coffeeday Square, 3Rd Floor, C.R. Building, Vittal Mallya Road, Queen’S Road, Bengaluru-560 001. Bengaluru-560 001. [Pan: Aabca 5291P]

24,909 4.1.1 The Assessing Officer noticed that all the investments above were in group companies/concerns and had been made in the interest of the business activity of 3 I.T.A. Nos.3040 & 3041/Bang/2018 the assessee. Further, majority of the investments above were opening balances nd there were no fresh investments during the year. 4.2 Before the CIT(A), it was contended

DCIT, CENTRAL CIRCLE-1(3), BENGALURU, BENGALURU vs. COFFEE DAY GLOBAL LIMITED, BENGALURU

In the result, all the COs by assessee in CO\nNos

68,14,539/and charged interest u/s 234D of Rs.\n87,89,415/- since the interest initially undercharged under Section\n234B(3). The appellant challenged this rectification order, Out the\nCIT(A) discussed the appeal through an order (bearing DIN No.\nITBA/APL/M/250/2022-23/1043503503(1) dated 21.6.2022.\nSubsequently the appellant approached the ITAT against the\ndecision. The ITAT in its order dated

DEPUTY COMMISSIONER OF INCOME-TAX, , BENGALURU vs. COFFEE DAY ENTERPRISES LIMITED, BENGALURU

In the result, all the COs by assessee in CO

Bench: Shri Chandra Poojari & Smt. Beena Pillai

68,14,539/and charged interest u/s 234D of Rs. 87,89,415/- since the interest initially undercharged under Section 234B(3). The appellant challenged this rectification order, Out the CIT(A) discussed the appeal through an order (bearing DIN No. ITBA/APL/M/250/2022-23/1043503503(1) dated 21.6.2022. Subsequently the appellant approached the ITAT against the decision. The ITAT in its order dated

DCIT, CENTRAL CIRCLE-1(3), BENGALURU, BENGALURU vs. COFFEE DAY GLOBAL LIMITED, BENGALURU

In the result, all the COs by assessee in CO

Bench: Shri Chandra Poojari & Smt. Beena Pillai

68,14,539/and charged interest u/s 234D of Rs. 87,89,415/- since the interest initially undercharged under Section 234B(3). The appellant challenged this rectification order, Out the CIT(A) discussed the appeal through an order (bearing DIN No. ITBA/APL/M/250/2022-23/1043503503(1) dated 21.6.2022. Subsequently the appellant approached the ITAT against the decision. The ITAT in its order dated

DCIT, CENTRAL CIRCLE-1(3), BENGALURU, BANGALORE vs. COFFEE DAY ENTERPRISES, BENGALURU

In the result, all the COs by assessee in CO

Bench: Shri Chandra Poojari & Smt. Beena Pillai

68,14,539/and charged interest u/s 234D of Rs. 87,89,415/- since the interest initially undercharged under Section 234B(3). The appellant challenged this rectification order, Out the CIT(A) discussed the appeal through an order (bearing DIN No. ITBA/APL/M/250/2022-23/1043503503(1) dated 21.6.2022. Subsequently the appellant approached the ITAT against the decision. The ITAT in its order dated

DCIT, CENTRAL CIRCLE-1(3), BENGALURU, BENGALURU vs. COFFEE DAY ENTERPRISES LIMITED, BANGALORE

In the result, all the COs by assessee in CO

Bench: Shri Chandra Poojari & Smt. Beena Pillai

68,14,539/and charged interest u/s 234D of Rs. 87,89,415/- since the interest initially undercharged under Section 234B(3). The appellant challenged this rectification order, Out the CIT(A) discussed the appeal through an order (bearing DIN No. ITBA/APL/M/250/2022-23/1043503503(1) dated 21.6.2022. Subsequently the appellant approached the ITAT against the decision. The ITAT in its order dated

DCIT, CENTRAL CIRCLE-1(3), BENGALURU, BENGALURU vs. COFFEE DAY ENTERPRISES LIMITED, BENGALURU

In the result, all the COs by assessee in CO\nNos

68,14,539/- and charged interest u/s 234D of Rs.\n87,89,415/- since the interest initially undercharged under Section\n234B(3). The appellant challenged this rectification order, Out the\nCIT(A) discussed the appeal through an order (bearing DIN No.\nITBA/APL/M/250/2022-23/1043503503(1) dated 21.6.2022.\nSubsequently the appellant approached the ITAT against the\ndecision. The ITAT in its order

SRI SRINIVASA EDUCATIONAL & CHARITABLE TRUST,BANGALORE vs. DCIT, CENTRAL CIRCLE-2(3), BANGALORE

iia) of sub-section (1) of\nsection 132 ?\n(4) Afford the authorised officer necessary facility to look into the electronic\nrecord as provided under clause (iib) of sub-section (1) of section 132 ?\n(5) Seized any book of account, other documents, money, bullion, jewellery,\netc. ?\n(6) Placed any marks of identification, on any books

M/S. SYNGENE INTERNATIONAL LIMITED,BANGALORE vs. JOINT COMMISSIONER OF INCOME TAX, SPECIAL RANGE- 6, BANGALORE

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

Bench: Shri Chandra Poojari & Shri George George K.Assessment Year: 2010-11

iia) should automatically be allowed. Since the depreciation under section 32(1)(i) is allowed in the present case, the claim of additional depreciation should naturally be allowed. M/s. Syngene International Limited, Bangalore Page 22 of 29 5.9 Without prejudice, if the said disallowance is sustained, alternate relief under section 10AA should be allowed to the Assessee. Judicial

SRI SRINIVASA EDUCATIONAL & CHARITABLE TRUST,BANGALORE vs. DCIT, CENTRAL CIRCLE-2(3), BENGALURU

iia) of sub-section (1) of\nsection 132 ?\n(4) Afford the authorised officer necessary facility to look into the electronic\nrecord as provided under clause (iib) of sub-section (1) of section 132 ?\n(5) Seized any book of account, other documents, money, bullion, jewellery,\netc. ?\n(6) Placed any marks of identification, on any books

M/S. BOSCH LIMITED,BANGALORE vs. COMMISSIONER OF INCOME TAX, LTU, BENGALURU

In the result, the appeal by the assessee is allowed

Bench: Shri George George K. & Ms. Padmavathy S

68 taxmann.com • 364 (Mum. Trib.) Kokuyo Camlin Ltd. v. ACIT, ITA • No.5443/Mum/2018 dated 22.4.2021 (Mum. Trib.) DCIT v. Cosmo Films Ltd., 24 taxmann.com 189 • (Del) National Aluminium Co. v. CIT, 139 taxmann.com • 552 (Orissa) Ishwar Singh Bindra & Ors. v. State of UP, (1969) • AIR (SC) 1450 (FB) Mazagaon Dock Ltd. v. CIT, (1958) AIR 861 • M.R. Shah v. IDMC

M/S HEMAVATHY POWER & LIGHT PVT LTD ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-11(4), BANGALORE

In the result, the appeals of the assessee for assessment year

Bench: Shri N.V. Vasudevan, Vice Preseident & Ms. Padmavathy S

iia) below clause (a) to (j) of Explanation (1) to sub-section (2) of section 115JB of the Act. Such reduction need not be made if depreciation debited in the profit & loss account is on account of revaluation of assets. As rightly contended on behalf of the assessee, this was never the case made

M/S HEMAVATHY POWER & LIGHT PVT LTD ,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE-3(1)(2), BANGALORE

In the result, the appeals of the assessee for assessment year

Bench: Shri N.V. Vasudevan, Vice Preseident & Ms. Padmavathy S

iia) below clause (a) to (j) of Explanation (1) to sub-section (2) of section 115JB of the Act. Such reduction need not be made if depreciation debited in the profit & loss account is on account of revaluation of assets. As rightly contended on behalf of the assessee, this was never the case made

M/S HEMAVATHY POWER & LIGHT PVT LTD ,BANGALORE vs. INCOME TAX OFFICER WARD-3(1)(3), BANGALORE

In the result, the appeals of the assessee for assessment year

Bench: Shri N.V. Vasudevan, Vice Preseident & Ms. Padmavathy S

iia) below clause (a) to (j) of Explanation (1) to sub-section (2) of section 115JB of the Act. Such reduction need not be made if depreciation debited in the profit & loss account is on account of revaluation of assets. As rightly contended on behalf of the assessee, this was never the case made

M/S. HEMAVATHY POWER & LIGHT PRIVATE LIMITED,BANGALORE vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE- 3(1)(1), BANGALORE

In the result, the appeals of the assessee for assessment year

Bench: Shri N.V. Vasudevan, Vice Preseident & Ms. Padmavathy S

iia) below clause (a) to (j) of Explanation (1) to sub-section (2) of section 115JB of the Act. Such reduction need not be made if depreciation debited in the profit & loss account is on account of revaluation of assets. As rightly contended on behalf of the assessee, this was never the case made

M/S TE CONNECTIVITY INDIA PVT LTD,BENGALURU vs. DEPUTY COMMISSIONER OF INCOME TAX, LTU,CIRCLE-1, , BENGALURU

In the result, the appeal by the assessee is partly allowed

Bench: Shri N.V. Vasudevan, Vice Preseident & Shri Padmavathy S

2,18,20,290/- claimed by the Appellant on additions made to the 'plant and machinery' block of assets during the year. 14. That the learned AO/learned DRP has erred in not appreciating the fact that the assets purchased during the year under consideration and categorised under the block 'plant and machinery' satisfied the conditions specified under section

M/S PRAJNA EDUCATION TRUST,SHIMOGA vs. CIT, DAVANGERE

In the result, the appeal filed by the assessee is dismissed

Bench: Shri Sunil Kumar Yadav & Shri Inturi Rama Rao

2. The appellant denies itself being liable to be assessed at Rs.51,84,582/- as against the returned income. 3. The Commissioner of Income tax Davengere was not justified in directing the assessing officer under section 263 of the Act to bring to tax the entire donation amount that was received by the Appellant Trust. 4. The Commissioner