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4 results for “reassessment”+ Section 220clear

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Key Topics

Section 80I10Section 2207Reassessment3Addition to Income3Section 2602Section 1432

BADAGABETTU CREDIT vs. COMMISSIONER OF INCOME TAX (APPEALS)

WP/13632/2022HC Karnataka01 Sept 2022

Bench: The Hon'Ble Mr.Justice S.R.Krishna Kumar

Section 143Section 220

reassessment order dated 30.03.2022 passed by the respondent No.2-Assessing Authority under Section 143[3] of the Income Tax Act, 1961 [for short, 'the IT Act'], the petitioner has filed an appeal in Form No.35 along with the application for Stay on 25.04.2022. In addition thereto, the petitioner has also filed application before the respondent No.2-Assessing Authority under Section 220

BADAGABETTU CREDIT vs. COMMISSIONER OF INCOME TAX (APPEALS)

WP/13639/2022HC Karnataka01 Sept 2022

Bench: The Hon'Ble Mr.Justice S.R.Krishna Kumar

Section 143Section 220

reassessment order dated 30.03.2022 passed by the respondent No.2-Assessing Authority under Section 143[3] of the Income Tax Act, 1961 [for short, 'the IT Act'], the petitioner has filed an appeal in Form No.35 along with the application for Stay on 25.04.2022. In addition thereto, the petitioner has also filed application before the respondent No.2-Assessing Authority under Section 220

M/S BRIGHT PACKAGING PVT LTD vs. THE ASSISTANT COMMISSIONER OF INCOME TAX

WP/13714/2018HC Karnataka17 Apr 2018

Bench: S.SUJATHA

Section 143(1)Section 147Section 220Section 220(6)

Section 220(6) of the Income Tax Act, 1961 (‘Act’ for short} relating to the assessment year 2010-11 whereby the petition filed by assessee for grant of absolute stay and collection of disputed demand is rejected. The assessee is directed to pay the entire demand immediately, failing which recovery proceedings as per the provisions of the Act shall

THE PR COMMISSIONER OF vs. M/S MAHAVEER CALYX

ITA/825/2017HC Karnataka05 Feb 2021

Bench: SATISH CHANDRA SHARMA,V SRISHANANDA

Section 143(3)Section 260Section 80I

220 sq. ft. far in excess of what was approved. By doing so, the assessee has 4 violated the law under which the sanction was granted and therefore, the assessee is not eligible for deduction under Section 80IB of the Act and accordingly, the assessee's claim of deduction under Section 80IB is disallowed and brought to tax. Assessee appealed