DIVYA DINESH ,BENGALURU vs. DCIT, CIRCLE-7(1)(1), BANGALORE

In the result appeal of the assessee is allowed

205 and\nsubmitted that section 70(2) clearly permits set-off of short-term capital\nloss against income under the head “Capital gains” from any other\ncapital asset. The provision does not impose any restriction based on the\nrate of tax. He argued that rate provisions under sections 111A and 112\noperate independently from computation provisions. The CPC exceeded\nits

DIVYA DINESH ,BENGALURU vs. DCIT, CIRCLE-7(1)(1), BANGALORE

In the result appeal of the assessee is allowed

Bench: Shri Waseem Ahmed & Shri Keshav Dubey

205 and submitted that section 70(2) clearly permits set-off of short-term capital loss against income under the head “Capital gains” from any other capital asset. The provision does not impose any restriction based on the rate of tax. He argued that rate provisions under sections 111A and 112 operate independently from computation provisions. The CPC exceeded

M/S PRESTIGE ESTATES PROJECTS LIMITED ,BANGALORE vs. ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-18(1), BANGALORE

In the result, the appeal of the assessee is allowed

Bench: Shri N.V.Vasudevan, Vp & Shri Chandra Poojari, Am

section 53A of the Transfer of Property Act. This agreement cannot, therefore, be said to be in the nature of a contract referred to in section 53A of the Transfer of Property Act. It cannot, therefore, be said that the provisions of section 2(47)(v) will apply in the situation before us. Considering the facts and circumstances

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year

M/S. LIFE INSURANCE CORPORATION OF INDIA ,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year

M/S. LIFE INSURANCE CORPORATION OF INDIA,DAVANGERE vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year

M/S. LIFE INSURANCE CORPORATION OF INDIA,DAVANGERE vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year

M/S. LIFE INSRANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year

M/S. LIFE INSURANCE CORPORATION OF INDIA,THIRTHAHALLI vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year

M/S. LIFE INSURANCE CORPORATION OF INDIA,DAVANGERE vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year

M/S. LIFE INSURANCE CORPORATION OF INDIA,DAVANGERE vs. THE INCOME TAX OFFICER (TDS) WARD, DAVANGERE

In the result, the appeals filed by the assessee stands allowed for assessment years 2011-12 to 2014-15 on the legal issue and the appeals for assessment years 2015-

Bench: Shri B.R Baskaran & Smt. Beena Pillai

205. PAN – AAACL 0582 H APPELLANT RESPONDENT ITA No.543 to 554/Bang/2020 Assessment year : 2011-12 to 2016-17 M/s Life Insurance Corporation Vs. Income Tax Officer of India CR Building Devraj Urs Haveri Branch, Layout, Pune Bangalore Road, ‘C’ Block, Haveri – 581 110. (TDS) Ward, PAN – AAACL 0582 H Davangere-577 066. APPELLANT RESPONDENT ITA No.555 to 566/Bang/2020 Assessment year