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2 results for “capital gains”+ Section 274clear

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Key Topics

Section 10A6Section 2603

PRINCIPAL COMMISIONER OF INCOME TAX-4 vs. M/S EPSILON ADVISORS PVT LTD

Appeals are dismissed so far as

ITA/318/2019HC Karnataka18 Jul 2023

Bench: P.S.DINESH KUMAR,T.G. SHIVASHANKARE GOWDA

Section 260

capital gain of Rs.101 cr earned by the company in selling the shares of M/s. BPL Communication Ltd? 7) Whether on the facts and circumstances of the case, the Tribunal is correct in dismissing the appeal of the Revenue by relying on the decision of Hon’ble High Court of Karnataka in the case of M/s. Manjunatha Cotton and Ginning

PR COMMISSIONER OF vs. M/S WIPRO LIMITED

In the result, the appeal is disposed of in terms

ITA/464/2017HC Karnataka09 Dec 2020

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

Section 10A
Section 260
Section 260A
Section 32

gains from business and profession under Section 32 can be disallowed specially in case, where the assessee has failed to deduct TDS on payment made to purchase of software and has claimed depreciation under Section 32 of the Act on such software. It is also pointed out that the intent of disallowance under Section