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3 results for “disallowance”+ Section 2(24)(viia)clear

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Key Topics

Section 2607Section 36(1)(vii)6Section 36(1)(viia)6Section 14A3Section 260A2Section 41(1)2Section 143(3)2Deduction2Addition to Income2

COMMISSIONER OF INCOME TAX-III vs. M/S SYNDICATE BANK

The appeals are disposed of

ITA/256/2011HC Karnataka24 Jan 2020

Bench: ALOK ARADHE,RAVI V HOSMANI

Section 260Section 260ASection 36(1)(vii)Section 36(1)(viia)

2) / 142(1) of the Act were issued to the Assessee an order under Section 143(3) of the Act was passed on 28.02.2005 disallowing an amount of Rs.192,53,21,426/- on reversal of interest pertaining to earlier years as deduction out of current years income and added back to interest on zero coupon bonds to the tune

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

In the result, the order passed by the tribunal

ITA/355/2013
HC Karnataka
15 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)

viia) of the Act is allowed as a deduction and recorded a perverse finding? (ii) Whether the Appellate Authorities were correct in holding that the employees contribution deducted by the assessee has been credited under the respective statue before filing return of income and hence allowable deduction without taking into consideration, the provisions of Section 2(24)(x) read with

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

viia) of the Act to the extent of the provision made by the appellant when the Section provides for the allowance not - 17 - exceeding 5% of the total income and not exceeding 10% of the rural advances made by the Bank?” Substantial Question of Law No.1 11. This court, in Maharashtra Apex Corporation Limited case [supra] held, when no expenditure