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

32(1)(iia) of the Act is clearly applicable to section 32AC also since the wordings used in both the sections are same i.e., “acquires and installs / acquired and installed”. The ld. AR submitted that various High Courts and Tribunals have been consistently holding that the sections which are introduced to encourage the industries to promote socio

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

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 HASSAN CO-OPERATIVE MILK PRODUCERS SOCIETIES UNION LTD ,HASSAN vs. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-1, HASSAN

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

Bench: Shri N.V. Vasudevan & Shri B.R. Baskaranassessment Year: 2014-15

32(1)(iia) of the Act. The above said machinery consisted of machineries which were used for processing of milk to the tune of Rs.6,85,87,417/-. Remaining machineries were used in the process of manufacture of other items. Relying upon the decision rendered by special bench of ITAT Pune in the case of B.G. Chitale Vs. Deputy Commissioner

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

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

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 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, 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

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

1)(iia) of the Act, as certified in the tax audit report issued by the Chartered Accountant and accordingly the Appellant was eligible to claim additional depreciation on such assets at the rate of 20% for the AY 2013-14. IT(TP)A No.2680/Bang/2017 Page 40 of 50 15. That the learned AO/learned DRP has erred in not appreciating

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

32 of the Act. The assessee relied on the decision of Hon’ble Supreme Court in the case of CIT v. Smiff Securities Ltd., 24 taxmann.com 222 (SC) in support of its contentions. 7. The CIT(Appeals), however, upheld the disallowance of depreciation on goodwill on the ground that :- i. Valuation report which is the basis for accounting goodwill

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

32 of the Act. The assessee relied on the decision of Hon’ble Supreme Court in the case of CIT v. Smiff Securities Ltd., 24 taxmann.com 222 (SC) in support of its contentions. 7. The CIT(Appeals), however, upheld the disallowance of depreciation on goodwill on the ground that :- i. Valuation report which is the basis for accounting goodwill

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

32 of the Act. The assessee relied on the decision of Hon’ble Supreme Court in the case of CIT v. Smiff Securities Ltd., 24 taxmann.com 222 (SC) in support of its contentions. 7. The CIT(Appeals), however, upheld the disallowance of depreciation on goodwill on the ground that :- i. Valuation report which is the basis for accounting goodwill

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

32 of the Act. The assessee relied on the decision of Hon’ble Supreme Court in the case of CIT v. Smiff Securities Ltd., 24 taxmann.com 222 (SC) in support of its contentions. 7. The CIT(Appeals), however, upheld the disallowance of depreciation on goodwill on the ground that :- i. Valuation report which is the basis for accounting goodwill