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2 results for “capital gains”+ Section 80Mclear

Sorted by relevance

Mumbai83Delhi37Bangalore12Chennai6Kolkata5Ahmedabad2Karnataka2Pune2SC2Telangana1Raipur1Jaipur1Orissa1

Key Topics

Section 2605Section 36(1)(viia)3Section 14A3Section 41(1)2Section 143(3)2

THE COMMISSIONER OF INCOME TAX vs. M/S. STATE BANK OF MYSORE

In the result, the order passed by the tribunal

ITA/355/2013HC Karnataka15 Oct 2020

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

Section 143(3)Section 14ASection 2(24)(x)Section 260Section 260ASection 263Section 36Section 36(1)(vii)Section 36(1)(viia)Section 41(1)

80M of the Act is not sustainable and the entire expenditure was allowed. In the aforesaid factual background, the revenue has filed this appeal. 4. Learned counsel for the assessee submitted that the revenue had filed a miscellaneous petition before the Income Tax Appellate Tribunal which has been allowed by the Tribunal vide order dated 05.03.2016 and the matter

M/S CANARA BANK BSCA SECTION vs. THE ASST COMMISSIONER OF INCOME TAX CIRCLE-11(2)

ITA/1397/2006HC Karnataka12 Nov 2013

Bench: N.KUMAR,RATHNAKALA

Section 143Section 260

gain the goodwill and confidence of the public. As at 31.3.1998 due to valuation of these units it resulted in depreciation amounting to Rs.2,32,42,42,100/- . As the depreciation is on account of valuation of the investments of the bank like other investments, we were eligible for deduction of the same from our taxable income. However, the Assessing