COMMISSIONER OF INCOME TAX vs. M.R.KODANDARAM

Appeals are dismissed

Bench: P.S.DINESH KUMAR,C.M. POONACHA

Section 143(3) of the Act and 1 Assessment Year I.T.A Nos.176/2015, 520/2014, 175/2015, 177/2015, 178/2015, 179/2015, 298/2015 10 added taxes against each assessee, as shown herein below, on the ground that the lands sold by them are capital assets and the capital gains arising on the said assets are chargeable to tax: Assessee Original return of income Revised return

COMMISSIONER OF INCOME vs. SHRI. M.R. SEETHARAM

Appeals are dismissed

Bench: P.S.DINESH KUMAR,C.M. POONACHA

Section 143(3) of the Act and 1 Assessment Year I.T.A Nos.176/2015, 520/2014, 175/2015, 177/2015, 178/2015, 179/2015, 298/2015 10 added taxes against each assessee, as shown herein below, on the ground that the lands sold by them are capital assets and the capital gains arising on the said assets are chargeable to tax: Assessee Original return of income Revised return

THE COMMISSIONER OF INCOME-TAX vs. M.R.ANANDARAM

Appeals are dismissed

Bench: P.S.DINESH KUMAR,C.M. POONACHA

Section 143(3) of the Act and 1 Assessment Year I.T.A Nos.176/2015, 520/2014, 175/2015, 177/2015, 178/2015, 179/2015, 298/2015 10 added taxes against each assessee, as shown herein below, on the ground that the lands sold by them are capital assets and the capital gains arising on the said assets are chargeable to tax: Assessee Original return of income Revised return

COMMISSIONER OF INCOME-TAX vs. M.R.PRABHAVATHY

Appeals are dismissed

Bench: P.S.DINESH KUMAR,C.M. POONACHA

Section 143(3) of the Act and 1 Assessment Year I.T.A Nos.176/2015, 520/2014, 175/2015, 177/2015, 178/2015, 179/2015, 298/2015 10 added taxes against each assessee, as shown herein below, on the ground that the lands sold by them are capital assets and the capital gains arising on the said assets are chargeable to tax: Assessee Original return of income Revised return

COMMISSIONER OF INCOME vs. M.R.PADMAVATHY TRUST

Appeals are dismissed

Bench: P.S.DINESH KUMAR,C.M. POONACHA

Section 143(3) of the Act and 1 Assessment Year I.T.A Nos.176/2015, 520/2014, 175/2015, 177/2015, 178/2015, 179/2015, 298/2015 10 added taxes against each assessee, as shown herein below, on the ground that the lands sold by them are capital assets and the capital gains arising on the said assets are chargeable to tax: Assessee Original return of income Revised return

M/S. KARNATAKA INSTRADE CORPORATION LIMITED vs. THE ASSISTANT COMMISSIONER OF INCOME TAX

The appeal is allowed in part

Bench: B.MANOHAR,VINEET SARAN

capital gain. In order to keep the cement factory in workable condition, the assessee had to incur expenditure and these expenditure are allowable. The order passed by the Tribunal runs contrary to the law 16 laid down by the Hon'ble Supreme Court in the case of Commissioner of Income Tax V/S. M/s.Virmani Industries Pvt. Limited reported

M/S WIPRO LIMITED vs. THE DEPUTY COMMISSIONER OF INCOME TAX

The appeals stand disposed of, accordingly

Bench: N.KUMAR,B.SREENIVASE GOWDA

Section 145A of the Income- tax Act which was inserted with effect from assessment year 1999-2000. The said provision states that the valuation of stock should include the amount of any tax duty, cess or fee - 94 - actually paid or incurred to bring the goods to its present location and condition. The Department has followed a consistent stand

THE COMMISSIONER OF INCOME TAX vs. M/S WIPRO LTD

The appeals stand disposed of, accordingly

Bench: N.KUMAR,B.SREENIVASE GOWDA

Section 145A of the Income- tax Act which was inserted with effect from assessment year 1999-2000. The said provision states that the valuation of stock should include the amount of any tax duty, cess or fee - 94 - actually paid or incurred to bring the goods to its present location and condition. The Department has followed a consistent stand

THE COMMISSIONER vs. M/S CANARA BANK

In the result, we do not find merit in these

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

capital gains on sale of such assets? 3. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in setting aside that the 5 provisions of Section 115JB are not applicable to banking companies as no accounts are drawn up as per the requirement of Schedule VI of the Companies

THE COMMISSIONER vs. M/S CANARA BANK

In the result, we do not find merit in these

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

capital gains on sale of such assets? 3. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in setting aside that the 5 provisions of Section 115JB are not applicable to banking companies as no accounts are drawn up as per the requirement of Schedule VI of the Companies

THE COMMISSIONER OF INCOME TAX vs. M/S CANARA BANK

In the result, the appeals are dismissed

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

Section 45(2) and also that the Bank had no working regarding deprecated value of assets and capital gains on sale of such assets?’ 3. Learned counsel for the assessee submitted that the first substantial question of law is covered by the decision of this Court in ITA No.97/2010 and connected matter dated 17.01.2020 and the second substantial question

THE COMMISSIONER OF INCOME TAX vs. M/S. CANARA BANK

In the result, the appeals are dismissed

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

Section 45(2) and also that the Bank had no working regarding deprecated value of assets and capital gains on sale of such assets?’ 3. Learned counsel for the assessee submitted that the first substantial question of law is covered by the decision of this Court in ITA No.97/2010 and connected matter dated 17.01.2020 and the second substantial question

THE COMMISSIONER OF WEALTH TAX vs. SRI M R SEETHARAM

In the result, the appeals are dismissed

Bench: RAVI MALIMATH,ASHOK S.KINAGI

Section 45(2) and also that the Bank had no working regarding deprecated value of assets and capital gains on sale of such assets?’ 3. Learned counsel for the assessee submitted that the first substantial question of law is covered by the decision of this Court in ITA No.97/2010 and connected matter dated 17.01.2020 and the second substantial question

DR PRESTEENA MATHEW vs. STATE OF KARNATAKA

Bench: The Hon'Ble Mr. Justice Krishna S.Dixit

150. DR. DEEPTHI APANNA D/O. H N APPANNA, AGED 28 YEARS NO. 531, 3RD MAIN, SUBRAMANAYPURA POST, AGS LAYOUT, BANGALORE 560061 151. DR. ANIL KUMAR S/O. GIRIDHAR KAMBLE, AGED ABOUT 27 YEARS R/AT HOUSE NO. 8-79, NEAR JEEVVESHWAR SCHOOL, SHAHAPUR,DIST - YADGIR, KARNATAKA 585223 41 152. DR. R PRABHU VIKASH S/O. RAVICHANDRAN, AGED 27 YEARS 447, MANIAM VELAPPAN STREET

DR ARJUN KALASAPUR vs. STATE OF KARNATAKA

Bench: The Hon'Ble Mr. Justice Krishna S.Dixit

150. DR. DEEPTHI APANNA D/O. H N APPANNA, AGED 28 YEARS NO. 531, 3RD MAIN, SUBRAMANAYPURA POST, AGS LAYOUT, BANGALORE 560061 151. DR. ANIL KUMAR S/O. GIRIDHAR KAMBLE, AGED ABOUT 27 YEARS R/AT HOUSE NO. 8-79, NEAR JEEVVESHWAR SCHOOL, SHAHAPUR,DIST - YADGIR, KARNATAKA 585223 41 152. DR. R PRABHU VIKASH S/O. RAVICHANDRAN, AGED 27 YEARS 447, MANIAM VELAPPAN STREET

DR. MADHAVA. M. vs. STATE OF KARNATAKA

Bench: The Hon'Ble Mr. Justice Krishna S.Dixit

150. DR. DEEPTHI APANNA D/O. H N APPANNA, AGED 28 YEARS NO. 531, 3RD MAIN, SUBRAMANAYPURA POST, AGS LAYOUT, BANGALORE 560061 151. DR. ANIL KUMAR S/O. GIRIDHAR KAMBLE, AGED ABOUT 27 YEARS R/AT HOUSE NO. 8-79, NEAR JEEVVESHWAR SCHOOL, SHAHAPUR,DIST - YADGIR, KARNATAKA 585223 41 152. DR. R PRABHU VIKASH S/O. RAVICHANDRAN, AGED 27 YEARS 447, MANIAM VELAPPAN STREET

DR SWAMY MANJUNATH S T vs. STATE OF KARNATAKA

Bench: The Hon'Ble Mr. Justice Krishna S.Dixit

150. DR. DEEPTHI APANNA D/O. H N APPANNA, AGED 28 YEARS NO. 531, 3RD MAIN, SUBRAMANAYPURA POST, AGS LAYOUT, BANGALORE 560061 151. DR. ANIL KUMAR S/O. GIRIDHAR KAMBLE, AGED ABOUT 27 YEARS R/AT HOUSE NO. 8-79, NEAR JEEVVESHWAR SCHOOL, SHAHAPUR,DIST - YADGIR, KARNATAKA 585223 41 152. DR. R PRABHU VIKASH S/O. RAVICHANDRAN, AGED 27 YEARS 447, MANIAM VELAPPAN STREET

DR SHARATH B RAJU vs. STATE OF KARNATAKA

Bench: The Hon'Ble Mr. Justice Krishna S.Dixit

150. DR. DEEPTHI APANNA D/O. H N APPANNA, AGED 28 YEARS NO. 531, 3RD MAIN, SUBRAMANAYPURA POST, AGS LAYOUT, BANGALORE 560061 151. DR. ANIL KUMAR S/O. GIRIDHAR KAMBLE, AGED ABOUT 27 YEARS R/AT HOUSE NO. 8-79, NEAR JEEVVESHWAR SCHOOL, SHAHAPUR,DIST - YADGIR, KARNATAKA 585223 41 152. DR. R PRABHU VIKASH S/O. RAVICHANDRAN, AGED 27 YEARS 447, MANIAM VELAPPAN STREET