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177 results for “capital gains”+ Section 56(2)(vii)clear

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Key Topics

Section 80119Section 26039Section 260A30Deduction30Section 229Section 5629Section 512Section 80P(4)12Section 80P(2)(a)12Addition to Income

AZIM PREMJI TRUSTEE COMPANY PVT LTD vs. DEPUTY COMMISSIONER OF INCOME TAX

In the result, I pass the following:-

WP/15910/2022HC Karnataka28 Oct 2022

Bench: The Hon'Ble Mr.Justice S.R.Krishna Kumar

Section 143(3)Section 148Section 148ASection 56(2)

Section 56(2) (vii) (c) of the Income-tax Act, 1961, has no application to the listed 3 shares of Wipro Ltd., that were gifted to Pioneer Independent Trust in the previous year relevant to Assessment Year 2014-15; (iv) Quashing the Circular bearing No.6/2012 [F.NO.133/44/2012-SO (TPL) issued by Respondent No.4 03.08.2012 (Annexure-‘C’) ; and (v) Pass such other

M/S T T K PRESTIGE LTD vs. THE UNION OF INDIA REPTD BY ITS FINANCE SECRETARY

WP/26037/2005

Showing 1–20 of 177 · Page 1 of 9

...
3
Disallowance2
HC Karnataka
06 Dec 2019

Bench: The Hon’Ble Mr.Justice P.B. Bajanthri W.P. No.26037/2005 C/W W.P.No.4464/2007 & W.P.No.27087/2005(It)

Section 115

56 equity and taxation are often strangers, the Court should attempt that they do not remain always so. 4. Learned Advocate appearing for the revenue has submitted that, the section as it stands, does not require a reading down. Chapter XII-H has to be read as a whole. There is no justification in the apprehension that the first petitioner

THE COMMISSIONER OF INCOME TAX vs. M/S.KURUHINSHETTY URBAN CO- OPERATIVE

In the result, the above questions are answered in favour

ITA/100036/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. THE MERCANTILE CO-OPERATIVE

In the result, the above questions are answered in favour

ITA/100110/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. SHRI BRAMHANATH CREDIT SOUHARD

In the result, the above questions are answered in favour

ITA/100073/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. BRAMHANATH CO-OPERATIVE CREDIT SOUHARD

In the result, the above questions are answered in favour

ITA/100128/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. SHRI MAHATAMA BASAVESHWARA

In the result, the above questions are answered in favour

ITA/100071/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. M/S.KURUHINSHETTY URBAN CO OPERATIVE

In the result, the above questions are answered in favour

ITA/100035/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. CHIKODI TALUKA SHREE SARASWATI SOUHARD

In the result, the above questions are answered in favour

ITA/100095/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. THE ATHANI CO-OPERATIVE

In the result, the above questions are answered in favour

ITA/100076/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. DR.PRABHAKAR KORE CREDIT SOUHARD

In the result, the above questions are answered in favour

ITA/100113/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. SHRI BEERESHWAR CRDIT SOUHARD SAHAKARI LTD.,

In the result, the above questions are answered in favour

ITA/100109/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. THE ATHANI CO-OPERATIVE

In the result, the above questions are answered in favour

ITA/100077/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. THE MERCANTILE CO-OPERATIVE

In the result, the above questions are answered in favour

ITA/100112/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. SHRI SIDDHESHWAR CO-OPERATIVE

In the result, the above questions are answered in favour

ITA/100078/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. SHRI MAHALAXMI URBAN CO-OPERATIVE

In the result, the above questions are answered in favour

ITA/100082/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. BEERESHWAR CREDIT SOUHARD SAHAKARI LTD.,

In the result, the above questions are answered in favour

ITA/100126/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. SHRI SHIVABODHARANGA URBAN CO-OPERATIVE

In the result, the above questions are answered in favour

ITA/100094/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. SHRI MAHATAMA BASAVESHWARA

In the result, the above questions are answered in favour

ITA/100072/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have

THE COMMISSIONER OF INCOME TAX vs. SHANKARLING CO-OPERATIVE

In the result, the above questions are answered in favour

ITA/100074/2014HC Karnataka21 Sept 2015

Bench: ANAND BYRAREDDY,S.SUJATHA

Section 2Section 260ASection 5Section 56Section 80Section 80P(2)(a)Section 80P(4)

2 (24 (vii a) of the IT Act, which requires the inclusion of profits and gains of any business of banking (including providing credit facilities) carried on by a co- operative society. Reference was made to the Explanation appended to Section 80 P (4) - which lays down that a co-operative bank and a primary agricultural credit society, shall have