M/S KARNATAKA STATE ROAD TRANSPORT CORPORATION ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX (EXEMPTIONS) CIRCLE-1 , BANGALORE
In the result, appeals by the Assessee are partly allowed for statistical purpose while the appeals by the revenue are dismissed
ITA 1066/BANG/2018[2012-13]Status: DisposedITAT Bangalore28 Sept 2021AY 2012-13
Bench: Shri N. V. Vasudevan & Shri B. R. Baskaran
For Appellant: S/Shri. V. Narendra Sharma, S. V. Ravishankar, AdvocatesFor Respondent: Shri. Rajesh Kumar Jha, CIT(DR)(ITAT), Bengaluru
Section 11Section 12ASection 2(15)Section 25
section 2(15) of the Act for the following reasons:
i) Revenue from operations and miscellaneous income was Rs.1515,06,05,000 and Rs. 150,92,67,000/- respectively and these incomes included income from streams which were commercial in nature.
ii) It was providing buses on hire for excursion, wedding, pilgrimage etc., to general public and charges for such
