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4 results for “disallowance”+ Section 209clear

Sorted by relevance

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Key Topics

Section 10B10Section 2606Section 1323Depreciation3Disallowance3Section 260A2Section 158B2Section 143(3)2Section 1442Block Assessment

THE PR COMMISSIONER OF INCOME TAX vs. M/S MPHASIS LTD

The appeal is dismissed accordingly

ITA/62/2018HC Karnataka24 Feb 2021

Bench: SATISH CHANDRA SHARMA,V SRISHANANDA

Section 10BSection 143(3)Section 144Section 260

disallowance of foreign exchange loss on forward contract. 13 15. Learned counsel for the revenue has argued before this Court that such loss is a notional and contingent and has to be treated as speculative loss in terms of Section 43(5) of the Income tax Act. He has also argued before this Court that the Tribunal without examining

SMT. PUNEETHA @ PUNEETHA B. A. vs. SRI. D. RAVI

The appeal is dismissed accordingly

RPFC/62/2018
2
Deduction2
Addition to Income2
HC Karnataka
28 Feb 2020

Bench: R DEVDAS

Section 10BSection 143(3)Section 144Section 260

disallowance of foreign exchange loss on forward contract. 13 15. Learned counsel for the revenue has argued before this Court that such loss is a notional and contingent and has to be treated as speculative loss in terms of Section 43(5) of the Income tax Act. He has also argued before this Court that the Tribunal without examining

M/S. KARNATAKA FINANCIAL SERVICES vs. ASSISTANT COMMISSIONER OF INCOME TAX

In the result, the appeal is disposed of

ITA/88/2015HC Karnataka08 Feb 2021

Bench: ALOK ARADHE,R. NATARAJ

Section 132Section 158BSection 260Section 260ASection 43(1)

209/-, then a proportionate reduction in lease rentals will have to be made as otherwise it would result in double taxation on the facts and circumstances of the case? 2. Facts leading to filing of this appeal briefly stated are that the assessee is a company in liquidation and for the relevant Block Assessment Year

COMMISSIONER OF INCOME TAX vs. T AHOBALA RAO

The appeal is dismissed

ITA/972/2006HC Karnataka04 Oct 2012

Bench: B.MANOHAR,K.SREEDHAR RAO

Section 132Section 158BSection 260Section 260A

disallowing the bad debts claimed and also disruption of the joint family and issued demand notice. Being aggrieved by the assessment order dated 30.06.2003, the assessee preferred an appeal before the CIT (Appeals)-4, Bangalore (hereinafter referred to as First Appellate Authority). The First Appellate Authority after considering the matter in detail confirmed the order passed by the Assessing Authority