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2 results for “disallowance”+ Section 246Aclear

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Key Topics

Section 80P4Section 246A2

M/S PENTIUM CONSTRUCTION PRIVATE LIMITED vs. THE INCOME TAX OFFICER

WP/8531/2020HC Karnataka20 Jul 2020

Bench: The Hon'Ble Mr.Justice P.S. Dinesh Kumar

Section 246A

Section 246A of Income Tax Act, 1961. Since no orders were passed by the PCIT, the petitioner has approached this Court with a prayer to quash the assessment order. 4. Shri Raghuraman, learned advocate for petitioner submitted that whilst this writ petition is pending consideration, on 17th July 2020, the PCIT has passed an order directing petitioner to deposit

SWARNA SOUHARDA CREDIT CO-OPERATIVE LTD vs. COMMISSIONER OF INCOME TAX (APPEALS)

WP/4840/2020HC Karnataka03 Mar 2020

Bench: The Hon'Ble Mr.Justice S. Sunil Dutt Yadav

Section 220(6)Section 246Section 246A
Section 263
Section 80P
Section 80P(2)(a)

disallowed the provision for interest payable on deposits and has made certain additions. It is held that no deduction could be allowed under Section 80P of the Act on the ground that the petitioner has transacted with nominal members and that its interest on investments was taxable under the head ‘Income from other Sources’. 4. As against the assessment order