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8 results for “section 68”+ Section 40A(2)clear

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Key Topics

Section 26014Section 40A(3)6Section 260A5Section 153A5Disallowance4Section 1323Section 1433Section 69B3Section 143(2)3Addition to Income

ULTRATECH CEMENT LIMITED vs. THE STATE OF KARNATAKA AND ORS

WA/200056/2021HC Karnataka22 Dec 2022

Bench: S.R.KRISHNA KUMAR,K S HEMALEKHA

Section 4

SECTION 4 OF THE KARNATAKA HIGH COURT ACT, PRAYING TO i) ALLOW THE ABOVE WRIT APPEAL & ii) SET ASIDE THE JUDGMENT DATED: 26.02.2021 PASSED BY THE LEARNED SINGLE JUDGE IN W.P. NO. 203385/2018 AND ETC. In W.A.No. 200057/2021 BETWEEN: ULTRA TECH CEMENT LIMITED A COMPANY INCORPORATED UNDER THE PROVISIONS OF COMPANIES ACT 1956 HAVING REGISTRED OFFICE AT AHURA CENTER

THE COMMISSIONER OF INCOME TAX vs. M/S WIPRO LTD

The appeals stand disposed of, accordingly

ITA/211/2009HC Karnataka25 Mar 2015

Bench: N.KUMAR,B.SREENIVASE GOWDA

Section 260

68,657/-. 5. Assessee preferred an appeal before the Commissioner of Income Tax (Appeals) [CIT(A)] which was disposed-off by the CIT(A) vide order dated 20.03.2006. Aggrieved by the said order, both the assessee and the Department preferred separate appeals before the ITAT. The ITAT, vide common order dated 30.05.2008 disposed of the appeals. - 19 - Assessment Year

2

M/S WIPRO LIMITED vs. THE DEPUTY COMMISSIONER OF INCOME TAX

The appeals stand disposed of, accordingly

ITA/881/2008HC Karnataka25 Mar 2015

Bench: N.KUMAR,B.SREENIVASE GOWDA

Section 260

68,657/-. 5. Assessee preferred an appeal before the Commissioner of Income Tax (Appeals) [CIT(A)] which was disposed-off by the CIT(A) vide order dated 20.03.2006. Aggrieved by the said order, both the assessee and the Department preferred separate appeals before the ITAT. The ITAT, vide common order dated 30.05.2008 disposed of the appeals. - 19 - Assessment Year

M/S.M K AGROTECH PRIVATE LTD vs. THE ADDL COMMISSIONER OF INCOME TAX

The appeal is allowed

ITA/83/2010HC Karnataka29 Nov 2018

Bench: The Hon'Ble Mr. Justice Ravi Malimath

Section 143(2)Section 260ASection 40ASection 40A(3)Section 6

68,16,400/-. The return was processed determining a refund payable of Rs.20,60,121/-. The case was selected for scrutiny and a notice under Section 143(2) of the Income Tax Act, 1961, (for short, ‘the Act’) was issued. The Assessing Officer disallowed Rs.5,31,09,701/- on the ground that the assessee contravened the provisions

THE COMMISSIONER OF INCOME TAX vs. M/S WIPRO LTD

In the result, the appeals are partly allowed

ITA/133/2007HC Karnataka23 Aug 2013

Bench: B.MANOHAR,DILIP B.BHOSALE

Section 260

68,570/- for the assessment year 1992-93 as an expenditure under Section 37(1) of the I.T. Act. The respondent-assessee claims that this expenditure was incurred by them for “community development” in a backward area at Amalner where their factory situate. The AO disallowed the expenditure on the ground that those were in the nature of charity

THE COMMISSIONER OF INCOME TAX vs. M/S RAJMAHAL SILKS

The appeal is disposed of

ITA/81/2011HC Karnataka01 Sept 2020

Bench: ALOK ARADHE,H.T. NARENDRA PRASAD

Section 132Section 143(2)Section 143(3)Section 153ASection 260Section 260ASection 37(1)Section 40Section 40A(3)Section 40a

2 (I) FORMULATE THE SUBSTANTIAL QUESTIONS OF LAW STATED THEREIN. (I) ALLOW THE APPEAL AND SET ASIDE THE ORDERS PASSED BY THE ITAT, BANGALORE IN ITA NO.690/BANG/2010 DATED 21-10-2010 AND CONFIRM THE ORDER OF THE APPELLATE COMMISSIONER CONFIRMING THE ORDER PASSED BY THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-2(1), BANGALORE, IN THE INTEREST OF JUSTICE

COMMISSIONER OF INCOME TAX vs. M/S SWADESHI INTERNATIONALS

The appeal is disposed off

ITA/244/2010HC Karnataka11 Dec 2018

Bench: The Hon'Ble Mr. Justice Ravi Malimath

Section 143(1)Section 143(2)Section 260ASection 40A(2)(b)

68,78,000/- 6 paid to trustees even though the same is against to provision of Section 40A(2

THE COMMISSIONER OF INCOME TAX, vs. M/S BAHUBALI NEMINATH MUTTIN,

The appeals are dismissed

ITA/5029/2011HC Karnataka13 Jul 2016

Bench: ANAND BYRAREDDY,RAGHVENDRA S.CHAUHAN

Section 132Section 143Section 153ASection 260ASection 40ASection 41Section 68Section 69B

2. The facts are that the assessee is a partnership firm carrying the business as wholesale cloth merchants. The Revenue having conducted a search under Section 132 of the Income Tax Act, 1961 (Hereinafter referred to as the ‘I.T. Act’ for brevity) on 26.12.2007, the assessee had filed e-return of income for the assessment year 2007-2008 declaring