M/S. KARNATAKA POWER CORPORATION LIMITED,BENGALURU vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 11(5) PRESENTLY CIRCLE 4(1)(1), BENGALURU
In the result, the appeal filed by the assessee is partly allowed
ITA 282/BANG/2017[2002 - 2003]Status: DisposedITAT Bangalore11 Jan 2021
Bench: Shri Chandra Poojari, Am & Shri George George K, Jm
For Appellant: Sri.Narendra Sharma, AdvocateFor Respondent: Sri.Kannan Narayanan, JCIT-DR
Section 115JSection 143Section 143(3)Section 154Section 263
80A(2) and section 80B(5) and also as per the decision of the Hon’ble
Supreme Court in the case of Synco Industries Ltd. v. AO & Other
(reported in 299 ITR 444), it is seen that the deduction under Chapter VIA has to be given out of the gross total income calculated as per the provisions of Income