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

68,920/- respectively vide their returns of income filed on 9th March 2010. The said returns of income were processed under section 143(1) of the Income-tax Act, 1961 ("Act"). During the previous year 2008-09, the Appellants (holding a share of 10% each) and along with other co-owners entered into a Joint Development Agreement

M/S. ATRIA WIND (KADAMBUR) PRIVATE LIMITED,BENGALUAU vs. DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(4), BENGALURU

In the result, appeal filed by the assessee is allowed

Bench: Shri Waseem Ahmed & Shri Soundararajan K.Assessment Year: 2017-18

68,251/- made in the order passed u/s. 153A of the Act is beyond the scope of the present proceedings since the assessment is not an abated assessment especially considering the absence of incriminating material relating to the conversion of the erstwhile firm into the appellant company found during the course of search for the year under appeal and hence

MR. PRAKASH CHAND BETHALA,BANGALORE vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE - 7(1), BANGALORE

Bench: Shri Chandra Poojari & Shri George George K.Assessment Year: 2007-08

68,25,802/- on the alleged transfer of property during the year invoking the provisions of sec. 50C of the Act under the facts and in the circumstances of the appellant's case. 3.1 The learned CIT[A] failed to appreciate that there was no transfer of the property during the year under appeal and hence, the computation

LATE JAGJIT SINGH BAJWA LEAGAL HEIR HARLEEN BAJWA ,BANGALORE vs. INCOME TAX OFFICER, WARD-4(2)(3), BANGALORE

Bench: Shri Chandra Poojari & Shri Prakash Chand Yadav

68,19,120/- 3.4 Whereas, while totalling, the loss of House property income treated as positive income accordingly it is added and instead of arriving at GTI of Rs. 166,30,917/- had arrived at Rs. 169,49,437/- which is increased by Rs. 318,520/- which is twice the figure of Loss of Rs. 159,260/- because of positive