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8 results for “section 68”+ Section 40A(7)clear

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Key Topics

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

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

2
ITA/133/2007HC Karnataka23 Aug 2013

Bench: B.MANOHAR,DILIP B.BHOSALE

Section 260

40A(9) of the Act? 7 5. In ITA 133/07, the following two substantial questions of law arise for our consideration: A-9. Whether the Tribunal was correct in holding that the stock transfers made to the new industrial undertaking at Amalnar for manufacture of fatty acid and glycerin plant should be taken at market price

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

68,815/- expenses claimed towards transportation charges were not allowable despite the transporters adducing evidence that they did not execute these transactions and the 3 payments received were only book entries which evidence was not taken into consideration in the proper perspective and consequently recorded a perverse finding? (ii) Whether the Tribunal was correct in holding that the disallowance

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

40A (3) of the I.T. Act being undisclosed income Rs.24,216/- (v) Gross profit on suppressed sales being undisclosed income at Rs.19,45,509/- (vi) Addition on account of cessation of liability under Section 41 (1) of the I.T. Act at Rs.2,37,818/-. 3. The assessee had filed an appeal before the Commissioner of Income Tax (Appeals

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

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

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)(b) of the Income Tax Act? 4. Learned counsel for the appellant contends that yet another question of law arises for consideration, which reads as follows: Whether, on the facts and in the circumstances of the case, the Tribunal

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