BANGALORE METRO RAIL CORPORATION vs. DEPUTY COMMISSIONER OF INCOME TAX
The appeals are allowed in part
ITA/673/2016HC Karnataka28 Sept 2021
Bench: S.SUJATHA,RAVI V HOSMANI
Section 12ASection 194JSection 260Section 260A
properties acquired through KIADB for right
of way for Bangalore Metro Rail project is subject to
quantum of service charges payable to KIADB. The
balances are under reconciliation with KIADB. Thus, it
was argued that the Assessing Officer has failed to
appreciate this portion of the note “subject to quantum
of service charges payable to KIADB” and has arrived
