INGRAM MICRO INDIA PVT. LTD. vs. THE STATE OF KARNATAKA

Of the Department's clouded interpretation of the Centum

Bench: ANAND BYRAREDDY

30 accounted for in a later month. Any such action by the dealers would result in the rejection of the dealer’s books of accounts, leading to best judgment assessments being passed besides severe penal action. In the light of the foregoing, it is contended that the petitioner’s case can be summarised as follows: (a) Section 10(3) prior

INGRAM MICRO INDIA PVT.LTD. vs. THE STATE OF KARNATAKA

Of the Department's clouded interpretation of the Centum

Bench: ANAND BYRAREDDY

30 accounted for in a later month. Any such action by the dealers would result in the rejection of the dealer’s books of accounts, leading to best judgment assessments being passed besides severe penal action. In the light of the foregoing, it is contended that the petitioner’s case can be summarised as follows: (a) Section 10(3) prior

M/S. HINDUSTAN COCA COLA vs. STATE OF KARNATAKA

Of the Department's clouded interpretation of the Centum

Bench: ANAND BYRAREDDY

30 accounted for in a later month. Any such action by the dealers would result in the rejection of the dealer’s books of accounts, leading to best judgment assessments being passed besides severe penal action. In the light of the foregoing, it is contended that the petitioner’s case can be summarised as follows: (a) Section 10(3) prior

DEPA INDIA PRIVATE LTD. vs. THE STATE OF KARNATAKA

Of the Department's clouded interpretation of the Centum

Bench: ANAND BYRAREDDY

30 accounted for in a later month. Any such action by the dealers would result in the rejection of the dealer’s books of accounts, leading to best judgment assessments being passed besides severe penal action. In the light of the foregoing, it is contended that the petitioner’s case can be summarised as follows: (a) Section 10(3) prior

M/S. HINDUSTAN COCA COLA vs. STATE OF KARNATAKA

Of the Department's clouded interpretation of the Centum

Bench: ANAND BYRAREDDY

30 accounted for in a later month. Any such action by the dealers would result in the rejection of the dealer’s books of accounts, leading to best judgment assessments being passed besides severe penal action. In the light of the foregoing, it is contended that the petitioner’s case can be summarised as follows: (a) Section 10(3) prior

KAVERI PLASTO CONTAINERS PVT LTD vs. THE STATE OF KARNATAKA

Of the Department's clouded interpretation of the Centum

Bench: ANAND BYRAREDDY

30 accounted for in a later month. Any such action by the dealers would result in the rejection of the dealer’s books of accounts, leading to best judgment assessments being passed besides severe penal action. In the light of the foregoing, it is contended that the petitioner’s case can be summarised as follows: (a) Section 10(3) prior

M/S INDIA MOTOR PARTS & ACCESSORIES LTD vs. THE DEPUTY COMMISSIONER OF

Of the Department's clouded interpretation of the Centum

Bench: ANAND BYRAREDDY

30 accounted for in a later month. Any such action by the dealers would result in the rejection of the dealer’s books of accounts, leading to best judgment assessments being passed besides severe penal action. In the light of the foregoing, it is contended that the petitioner’s case can be summarised as follows: (a) Section 10(3) prior

M/S ANS CONSTRUCTIONS LTD vs. DEPUTY COMMISSIONER OF COMMERCIAL

Bench: The Hon’Ble Mrs.Justice S.Sujatha

disallowed the claim of input tax credit. It is beneficial to refer to the relevant paragraphs which reads thus: “12. It is contended on behalf of the assessee that, once input tax has been paid, by virtue of Section 10 the assessee is entitled to the rebate of the tax against the output tax notwithstanding the fact that such

THE PR. COMMISSIONER OF INCOME-TAX vs. M/S. TE CONNECTIVITY INDIA PVT. LTD.,

Accordingly dispose of the appeal as allowed

Bench: ACTING CHIEF JUSTICE,S RACHAIAH

disallowance is untenable in law and - 28 - ITA No.53 of 2024 failure to do so has resulted in short computation of income of Rs. 10,90,23,000/- (@30% of Rs.36,34,10,000/-) with a consequent tax effect of Rs.5,74,38,22/-. This has resulted in Loss to revenue. Considering these facts, the assessment order is erroneous

KARNATAKA STATE BEVERAGES CORPORTION LIMITED vs. THE COMMISSIONER OF INCOME TAX

Bench: The Hon’Ble Mr. Justice Anand Byrareddy Writ Petition No.12872 Of 2013 (T-It) Connected With Writ Petition No.14687 Of 2014 (T-It), Writ Petition No.15910 Of 2015 (T-It) & Writ Petition No.17514 Of 2015 (T-It) In W.P.No.12872 Of 2013 Between: Karnataka State Beverages Corporation Limited, Represented By It’S Executive Director (Finance), Sri. Shrikant B Vanahalli, Aged About 57 Years, No.78, Seethalakshmi Towers, Mission Road, Bangalore 560 027. …Petitioner

10 of the Act in a sum of Rs.60,30,758/-, by order dated 12.03.2015. For the Assessment year 2009-10, an order under Section 143(3) read with Section 147 and 254 of the Act was passed as on 19.03.2015, disallowing

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

The appeals stand disposed of, accordingly

Bench: N.KUMAR,B.SREENIVASE GOWDA

10 - Central Revenue Building Queens Road, Bangalore 560001. …RESPONDENT (By Sri E.R.Indrakumar, Senior Counsel for Sri K.V.Aravind, Adv.) . . . . This I.T.A. is filed under Section 260-A of I.T.Act, 1961 arising out of order dated 31.10.2008 passed in ITA No.624/BANG/2007, for the assessment year 2003-2004, praying to I) Formulate the substantial questions of law stated therein, II) Allow the appeal

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

The appeals stand disposed of, accordingly

Bench: N.KUMAR,B.SREENIVASE GOWDA

10 - Central Revenue Building Queens Road, Bangalore 560001. …RESPONDENT (By Sri E.R.Indrakumar, Senior Counsel for Sri K.V.Aravind, Adv.) . . . . This I.T.A. is filed under Section 260-A of I.T.Act, 1961 arising out of order dated 31.10.2008 passed in ITA No.624/BANG/2007, for the assessment year 2003-2004, praying to I) Formulate the substantial questions of law stated therein, II) Allow the appeal

PR.COMMISSIONER OF INCOMETAX-2 vs. M/S.EYGBS (INDIA) PVT LTD

Bench: CHIEF JUSTICE,C M JOSHI

30. It is also relevant to refer to the CBDT Circular No.14/2006. Paragraphs 24.1 and 24.2 of the said circular, as quoted in the assessment order, are reproduced below: "24.1 The existing provisions of section 92C provide for computation of arm's length price. Sub-section (4) of the said section provides that the Assessing Officer may compute the total

THE PR. COMMISSIONER OF INCOME TAX vs. M/S CISCO SYSTEMS

The appeals are allowed; the impugned

Bench: SATISH CHANDRA SHARMA,R. NATARAJ

disallowed the excess depreciation claimed on networking equipments. 3. The Principal Commissioner of Income Tax, Bengaluru, thereafter issued a notice under Section 263 of the Act of 1961 on 5.3.2015 and called upon the assessee to explain as to why the assessment order passed by the assessing officer under Section 143(3) of the Act of 1961 should

THE COMMISSIONER OF INCOME TAX vs. SRI ADICHUNCHUNGIRI

The appeals are dismissed

Bench: S.SUJATHA,N.K.PATIL

30 to 36, not being in the nature of capital expenditure or personal expenses of the assessee expended wholly and exclusively for the purposes of business or profession shall be allowed in computing the income chargeable under the head ‘Profit and gains of business or profession’. Applying the same analogy if, application of income is allowed under Section

THE DIRECTOR OF INCOME TAX vs. M/S GOKULA EDUCATION FOUNDATION

The appeals are dismissed

Bench: S.SUJATHA,N.K.PATIL

30 to 36, not being in the nature of capital expenditure or personal expenses of the assessee expended wholly and exclusively for the purposes of business or profession shall be allowed in computing the income chargeable under the head ‘Profit and gains of business or profession’. Applying the same analogy if, application of income is allowed under Section

COMMISSIONER OF INCOME vs. SRI ADICHUNCHANAGIRI

The appeals are dismissed

Bench: S.SUJATHA,N.K.PATIL

30 to 36, not being in the nature of capital expenditure or personal expenses of the assessee expended wholly and exclusively for the purposes of business or profession shall be allowed in computing the income chargeable under the head ‘Profit and gains of business or profession’. Applying the same analogy if, application of income is allowed under Section

THE DIRECTOR OF INCOME TAX vs. INTERNATIONAL INSTITUTE OF INFORMATION TECHNOLOGY

The appeals are dismissed

Bench: S.SUJATHA,N.K.PATIL

30 to 36, not being in the nature of capital expenditure or personal expenses of the assessee expended wholly and exclusively for the purposes of business or profession shall be allowed in computing the income chargeable under the head ‘Profit and gains of business or profession’. Applying the same analogy if, application of income is allowed under Section