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3 results for “disallowance”+ Section 46Aclear

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Key Topics

Section 2605Section 2542Section 2(22)(e)2Addition to Income2

M/S FIDELITY BUSINESS SERVICES INDIA PVT LTD vs. ASSISTANT COMMISSIONER OF INCOME TAX

ITA/512/2017HC Karnataka23 Jul 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 2(22)(e)Section 254Section 260

46A and in view of the provisions of Indo-Mauritius DTAA the capital gains on account of sale of share is not chargeable to tax in India. The payment in the name of buy back shares made by the assessee over and above the fair market price of the share of the assessee would not be treated as part

COMMISSONER OF INCOME TAX vs. M/S SHAW WALLACE

In the result, the appeal fails and is hereby

ITA/501/2013HC Karnataka09 Nov 2020

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

Section 143(3)
Section 14A
Section 260
Section 41(1)

disallowance under Section 14A of the Act. The assessee thereupon filed an appeal before the Commissioner of Income Tax (Appeals), who by an order dated 03.07.2006 partly allowed the appeal preferred by the assessee. The assessee as well as the revenue approached the Income Tax Appellate Tribunal by filing appeals. The Tribunal, 5 by an order dated 17.05.2013 partly allowed

THE COMMISSIONER OF INCOME TAX vs. SRI SUNILA KEERTHI

The appeals are dismissed

ITA/1345/2006HC Karnataka09 Aug 2012

Bench: B.MANOHAR,K.SREEDHAR RAO

Section 143(1)Section 143(2)Section 260

46A of the Income Tax Rules, 1962 without complying with the mandatory requirements contained under clauses (A) to (D) and considering the same as additional evidence and confirming the order passed by the First Appellate Authority? 2. Whether the Appellate Tribunal is right in setting aside the finding of fact recorded by the Assessing Authority with regard to the deletion