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4 results for “reassessment”+ Section 80P(2)(a)clear

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Key Topics

Section 14811Section 14710Reopening of Assessment4Section 573Business Income3Reassessment3Disallowance3Limitation/Time-bar3Section 80P(2)(a)2Section 143(3)

THE SRI KANNIKAPARAMESWARI CO OP BANK LIMITED vs. THE INCOME TAX OFFICER

The appeal stands allowed

ITA/65/2017HC Karnataka23 Nov 2021

Bench: S.SUJATHA,HANCHATE SANJEEVKUMAR

Section 143(1)Section 143(3)Section 147Section 148Section 260Section 260ASection 80P(2)Section 80P(2)(a)

80P of the Act in respect of profit from sale of securities is justified. In view of the above, the objection raised by the Audit my please dropped.” It appears, subsequently, the notice under Section 148 of the Act was issued on 06.07.2009 by the assessing officer. 10. In the case of Commissioner of Income-tax v. Kelvinator of India

2

KARNATAKA BANK LTD vs. THE ASSISTANT COMMISSIONER OF INCOME -TAX

Accordingly, the petition is allowed in

WP/40511/2015HC Karnataka11 Jan 2016

Bench: The Hon’Ble Mr. Justice Anand Byrareddy

Section 147Section 148Section 56Section 57Section 80P(2)(a)

reassessment proceedings having been initiated on a mere change of opinion, according to the learned Senior Advocate, was not permissible under Section 147 of the Act. All the details regarding investment portfolio of the petitioner for the year in question, including the annual report of the petitioner for the year ended 31.03.2010, necessary for one to have to come

CORPORATION BANK vs. THE ASSISTANT COMMISSIONER OF INCOME TAX

Accordingly, the petitions are allowed

WP/27355/2015HC Karnataka11 Jan 2016

Bench: The Hon’Ble Mr. Justice Anand Byrareddy

Section 147Section 148Section 57

reassessment proceedings having been initiated on a mere change of opinion, according to the learned Senior Advocate, was not permissible under Section 147 of the Act. All the details 5 regarding investment portfolio of the petitioner for the year in question, including the annual report of the petitioner for the year ended 31.03.2010, necessary for one to have to come

CORPORATION BANK vs. THE ASSISTANT COMMISSIONER

Accordingly, the petitions are allowed

WP/30820/2015HC Karnataka11 Jan 2016

Bench: The Hon’Ble Mr. Justice Anand Byrareddy

Section 147Section 148Section 57

reassessment proceedings having been initiated on a mere change of opinion, according to the learned Senior Advocate, was not permissible under Section 147 of the Act. All the details 5 regarding investment portfolio of the petitioner for the year in question, including the annual report of the petitioner for the year ended 31.03.2010, necessary for one to have to come