THE KARNATAKA STATE COOPERATIVE AGRICULTURE AND DEVELOPMENT BANK LIMITED ,BANGLAORE vs. INCOME TAX OFFICER, WARD-5(2)(1), BENGALURU

In the result the appeal of the assessee is partly allowed for statistical purposes

Bench: Shri Waseem Ahmed & Shri Keshav Dubeyassessment Year: 2022-23

80J. In our view, since the expression of wider import, namely, "attributable to", has been used, the legislature intended to cover receipts from sources other than the actual conduct of the business of generation and distribution of electricity.” (emphasis supplied) 17.3 Therefore, the word "attributable to" is certainly wider in import than the expression "derived from". Whenever the legislature wanted

BHARATH CREDIT CO-OPERATIVE SOCIETY LIMITED ,BANGALORE vs. PR. CIT, BANGALORE -1, BANGALORE

In the result the appeal filed by the assessee is allowed

Bench: Ms. Padmavathy S. & Shri Keshav Dubeyassessmentyear:2020-21

Property and remaining income earned under head Business & Profession amounting to Rs. 40,23,937/- claimed deduction u/s 80P(2)(a)(i) of the Act. 6) The claim of deduction is duly examined and found that the same is as per provisions of the Act. 7) The case of the assessee falls in the category of providing credit facilities

M/S. TATA ELXSI LIMITED., ,BANGALORE vs. DEPUTY COMMISSIONER INCOME TAX, CIRCLE-7(1)(1), BANGALORE

In the result, all the appeals of the assessee are partly allowed for statistical purposes

Bench: Shri George George K. & Shri Chandra Poojari

property, profits and gains of business or profession, capital gains and income from other sources. Insofar as income under the head 'profits and gains of business or professions' is concerned, provisions thereto are contained in Sections 28 to 44DB of the Act. Section 28 specifies various incomes which shall be chargeable to income tax under this head. Thereafter, Section

TATA ELXSI LIMITED ,BANGALORE vs. DEPUTY COMMISIONER INCOMER TAX, CIRCLE-7(1)(1), BANGALORE

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

Bench: Shri Narender Kumar Choudhry & Shri Laxmi Prasad Sahuassessment Year : 2018-19 M/S. Tata Elxsi Ltd., The Deputy 126, Itpb Road, Commissioner Hoody, Of Income Tax, Whitefield, Circle – 7(1)(1), Bangalore – 560 048. Bangalore. Vs. Pan: Aaact7872Q Appellant Respondent

property, profits and gains of business or profession, capital gains and income from other sources. Insofar as income under the head 'profits and gains of business or professions' is concerned, provisions thereto are contained in Sections 28 to 44DB of the Act. Section 28 specifies various incomes which shall be chargeable to income tax under this head. Thereafter, Section

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD- 5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

housing etc. The Ld.AR submitted that the PCARD Banks\nare forwarding such loan applications along with technical and\nfinancial appraisal reports to the district officer of the assessee.\nThe amount required for the PCARD Banks for sanction of loans\ninvolved in such loan application is provided by the assessee to\nthe concerned PCARD Banks in the form of loans

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

housing etc. The Ld.AR submitted that the PCARD Banks\nare forwarding such loan applications along with technical and\nfinancial appraisal reports to the district officer of the assessee.\nThe amount required for the PCARD Banks for sanction of loans\ninvolved in such loan application is provided by the assessee to\nthe concerned PCARD Banks in the form of loans

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

housing etc. The Ld.AR submitted that the PCARD Banks\nare forwarding such loan applications along with technical and\nfinancial appraisal reports to the district officer of the assessee.\nThe amount required for the PCARD Banks for sanction of loans\ninvolved in such loan application is provided by the assessee to\nthe concerned PCARD Banks in the form of loans

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

housing etc. The Ld.AR submitted that the PCARD Banks\nare forwarding such loan applications along with technical and\nfinancial appraisal reports to the district officer of the assessee.\nThe amount required for the PCARD Banks for sanction of loans\ninvolved in such loan application is provided by the assessee to\nthe concerned PCARD Banks in the form of loans

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK ,BENGALURU vs. INCOME-TAX OFFICE, WARD-5(2)(1), BENGALURU

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

housing etc. The Ld.AR submitted that the PCARD Banks\nare forwarding such loan applications along with technical and\nfinancial appraisal reports to the district officer of the assessee.\nThe amount required for the PCARD Banks for sanction of loans\ninvolved in such loan application is provided by the assessee to\nthe concerned PCARD Banks in the form of loans

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME-TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

housing etc. The Ld.AR submitted that the PCARD Banks\nare forwarding such loan applications along with technical and\nfinancial appraisal reports to the district officer of the assessee.\nThe amount required for the PCARD Banks for sanction of loans\ninvolved in such loan application is provided by the assessee to\nthe concerned PCARD Banks in the form of loans

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1) , BANGALORE

housing etc. The Ld.AR submitted that the PCARD Banks\nare forwarding such loan applications along with technical and\nfinancial appraisal reports to the district officer of the assessee.\nThe amount required for the PCARD Banks for sanction of loans\ninvolved in such loan application is provided by the assessee to\nthe concerned PCARD Banks in the form of loans

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. THE INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

housing etc. The Ld.AR submitted that the PCARD Banks\nare forwarding such loan applications along with technical and\nfinancial appraisal reports to the district officer of the assessee.\nThe amount required for the PCARD Banks for sanction of loans\ninvolved in such loan application is provided by the assessee to\nthe concerned PCARD Banks in the form of loans

THE KARNATAKA STATE CO-OPERATIVE AGRICULTURE AND RURAL DEVELOPMENT BANK,BENGALURU vs. INCOME TAX OFFICER, WARD-5(2)(1), BANGALORE

In the result, the appeals filed by the assessee stands partly\nallowed as indicated herinabove

housing etc. The Ld.AR submitted that the PCARD Banks\nare forwarding such loan applications along with technical and\nfinancial appraisal reports to the district officer of the assessee.\nThe amount required for the PCARD Banks for sanction of loans\ninvolved in such loan application is provided by the assessee to\nthe concerned PCARD Banks in the form of loans