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4 results for “reassessment”+ Section 273clear

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Key Topics

Section 2606Section 115J6Section 244A5Section 260A4Section 143(2)3Section 1592Addition to Income2

WIPRO LIMITED vs. THE JOINT COMMISSIONER OF INCOME TAX

WP/20040/2019HC Karnataka25 Aug 2021

Bench: The Hon’Ble Mr. Justice Krishna S.Dixit Writ Petition No.20040/2019 (T-It) Between:

Section 1Section 143(2)Section 143(3)Section 244ASection 254Section 92C

reassessment in terms of Section 153(2); it would simply mean that the orders of the higher forum are to be applied & followed by the assessing officer; . it may be borne in mind that longer time limits are provided in Section 153(3) & second proviso to Section 153(5) because it may entail doing the entire process once over

THE COMMISSIONER OF INCOME TAX GULBARGA vs. M/S MANJUNATHA COTTON AND GINNING FACTORY

The appeals are dismissed

ITA/2564/2005HC Karnataka13 Dec 2012

Bench: ARAVIND KUMAR,N.KUMAR

Section 260Section 260A

273 of the Act provide for imposition of penalties on recalcitrant and dishonest assessees who attempt to evade the proper incidence of taxation on their true income in the manner set out therein. 27. Section 271 is a specific provision providing for imposition of penalties, and is a complete code in itself, regulating the procedure for the imposition of penalties

THE COMMISSIONER OF INCOME TAX vs. SHRI I MAHABALESHWARAPPA

In the result, the order passed by the tribunal

ITA/561/2013HC Karnataka16 Jun 2021

Bench: ALOK ARADHE,HEMANT CHANDANGOUDAR

Section 132Section 143(2)Section 153ASection 159Section 2(22)(e)Section 260Section 260A

273 ITR 384 (DEL.), 'PCIT VS. MARUTI SUZUKI INDIA LTD.', (2019) 416 ITR 613 (SC) and GVK INDUSTRIES LTD. VS. ITO', (2011) 332 ITR 130 (SC). 9 6. We have considered the submissions made by learned counsel for the parties and have perused the record. The solitary issue, which arises for consideration in this appeal is whether an order passed

M/S YOKOGAWA INDIA LTD vs. THE DEPUTY COMMISSIONER

In the result, the appeal is disposed of

ITA/87/2012HC Karnataka04 Jun 2020

Bench: ALOK ARADHE,HEMANT CHANDANGOUDAR

Section 115JSection 143(1)Section 143(2)Section 260Section 260A

Section 10A applies, if such amount is credited to profit and loss account. It is submitted that clause (iii) of explanation- 1 provides for reduction the net profit by the amount of loss brought forward or unabsorbed depreciation whichever is less as per books of accounts. It is also urged that the assessee is eligible to claim the deduction