Court : Karnataka Dharwad
..... respondent no.1 (the ito', for short), had issued - 3 - summons on 15.12.2014 under section 131 along with notice under section 133(6) of the income tax act, 1961 ( the act , for short), calling upon the petitioner-bank to submit details of the fixed deposits held by the visveswarayya technological university, belagavi ( the vtu , for short) and ..... an appeal under section 246a(1)(ha) and filed the petition under section 220(6) of the act before the commissioner of income tax (appeals).6. on 19.03.2015, the income tax officer issued an order under section 220(6) of the act, directing the petitioner to pay 50% of the disputed demand before 27.03.2015. however, by letter ..... granted to the petitioner bank under the proviso attached to section 201 (1) of the act or not?. to this pointed query, the learned counsel has given a very evasive answer. according to him, the said contention was, indeed, raised before the income tax officer. however, when this court - 8 - asked him to point out where the .....
Tag this Judgment!Court : Karnataka Dharwad
..... deducting the tax at source from the interest accrued on delayed payment of compensation. the circular at annexure `b is violative of section 194la of ..... awarded under sections 28 and 34 of the act towards deduction of tax at source on the basis of the circular issued by the state government at annexure `b dated 4.9.2010. 4. learned counsel for the petitioners submits that having regard to section 194la of the income tax act, 1961, the second respondent is not justified in ..... it is a revenue receipt. the amount received as interest on the amount of compensation assessed under the land acquisition act is taxable under the income tax act. the bar contained in section 194la for deducing the tax at source is only in respect of the compensation determined for acquiring the agricultural lands. the said bar is not .....
Tag this Judgment!Court : Karnataka Dharwad
..... (prayer: this ita is filed under section 260-a of the income tax act, 1961, against the order dated 16.07.2010 passed in ita no.586/bang/2009 on the file income tax appellate tribunal, b bench, bangalore, dismissing the appeal filed by an assessee.) 1. the appellant-assessee sold a house plot in rmv ii stage, bangalore, for rs. ..... not to be applied for the entire chapter vi e relating to taxation of capital gains, especially to section 45 of the income tax act? (d) whether on the facts and the circumstances of the case, the income tax tribunal is correct in law in rejecting the contention that the term capital gain in section 54f has to be arrived by imposing ..... 24,00,000/- for construction of residential house at gangavathi and sought exemption from the payment of capital gain tax under section 54f of the income tax act (for short the it act). 2. the assessing authority found that under section 50c of the it act, the value of the property is rs.36,00,000/-. the cost price of site paid by the .....
Tag this Judgment!Court : Karnataka Dharwad
..... of cbdt no. 133 of 2007 dated 9.5.2007 which provided as under:- subject: clarification regarding admissibility of deduction under section 80p of the income tax act, 1961. 1. please refer to your letter no. dcus/30688/2007, dated 28.03.2007 addressed to the chairman, central board of direct ..... ita no. 185/pnj/2013 dated 14.03.2014 on the file of the income tax appellant tribunal, panaji bench, panaji, dismissing the appeal filed by the assessee, and etc.) 1. this appeal is by the assessee under the income tax act, 1961 (hereinafter referred to as the it act', for brevity). the assessee is said to be a co-operative society registered ..... under the karnataka state co-operative societies act, 1956, (hereinafter referred to as the kcs act', for brevity). 2. the appeal pertains to the assessment year 2010-11 .....
Tag this Judgment!Court : Karnataka Dharwad
..... chikodi, district: belgaum. ... respondents. (by sri. y v raviraj, advocate) this ita is filed u/sec.260a of the income-tax act, 1961 against the order passed ita no.185/pnj/2013 dated1403.2014 on the file of the income tax appellant tribunal, panaji bench, panaji, dismissing the appeal filed by the assessee, and etc. in this appeal having been heard and reserved ..... , and coming on for pronouncement of judgment, this day, anand byrareddy j., delivered the following: judgment this appeal is by the assessee under the income tax act, 1961 (hereinafter referred to as the 'it act, for brevity). the assessee is said to be a co-operative society registered under the karnataka state co-operative societies ..... of cbdt no.133 of 2007 dated 9.5.2007 which provided as under:- subject: clarification regarding admissibility of deduction under section 80p of the income tax act, 1961.1. please refer to your letter no.dcus/30688/2007, dated 28.03.2007 addressed to the chairman, central board of direct .....
Tag this Judgment!Court : Karnataka Dharwad
..... the proceedings in cc no.1085/2016 for trial of the accused for the offence u/s276c of the income tax act, 1961. in crl. 100143/2022 between the income tax department represented by deputy commissioner of income tax, central circle1 plot no.123, saraf colony,khanapur road, shraddha building, tilakwadi, belagavi ...appellant (by sri ..... the proceedings in cc no.1073/2016 for trial of the accused for the offence u/s276c of the income tax act, 1961. in crl. a.100145/2022 between the income tax department, represented by deputy commissioner of income tax, central circle1plot no.123, saraf colony, khanapur road, shraddha building, tilakwadi, 17 belagavi. ...appellant (by ..... restore the proceedings in cc16no.1084/2016 for trial of the accused for the offence u/s276c of the income tax act, 1961. in crl.a.100144/2022 between the income tax department represented by deputy commissioner of income tax, central circle-1, plot no.123, saraf colony, khanapur road, shraddha building, tilakwadi, belagavi. ... .....
Tag this Judgment!Court : Karnataka Dharwad
..... road, new market yard, sirsi. (by sri. a. shankar, m. lava & s. s. hegde, advs.) ... respondent this ita is filed u/sec.260a of the income- tax act, 1961, praying to: i. formulate the substantial question of law as stated above. 6/57 date of judgment:16. 06.2017 ita no.100066/2016 & connected cases the pr. commissioner ..... hubballi. & anr. vs. the totagars co-operative sale society, sirsi. ... respondent (by sri. y.v. raviraj adv.) these itas are filed u/sec.260a of the income-tax act, 1961, praying to: i) formulate the substantial questions of law stated above and answer the same in favour of the appellant. ii) allow the appeal and set aside the findings, ..... ) whether the assessee, totagar co- operative sale society, sirsi, is entitled to 100% deduction under section 80p(2)(d) of the income tax act, 1961 (for short the act ) in respect of whole of its income by way of interest earned by it during the relevant assessment years from 2007-2008 to 2011-2012 on the deposits or investments made by .....
Tag this Judgment!Court : Karnataka Dharwad
..... the proceedings in cc no.1085/2016 for trial of the accused for the offence u/s276c of the income tax act, 1961. in crl. 100143/2022 between the income tax department represented by deputy commissioner of income tax, central circle1 plot no.123, saraf colony,khanapur road, shraddha building, tilakwadi, belagavi ...appellant (by sri ..... the proceedings in cc no.1073/2016 for trial of the accused for the offence u/s276c of the income tax act, 1961. in crl. a.100145/2022 between the income tax department, represented by deputy commissioner of income tax, central circle1plot no.123, saraf colony, khanapur road, shraddha building, tilakwadi, 17 belagavi. ...appellant (by ..... restore the proceedings in cc16no.1084/2016 for trial of the accused for the offence u/s276c of the income tax act, 1961. in crl.a.100144/2022 between the income tax department represented by deputy commissioner of income tax, central circle-1, plot no.123, saraf colony, khanapur road, shraddha building, tilakwadi, belagavi. ... .....
Tag this Judgment!Court : Karnataka Dharwad
..... the proceedings in cc no.1085/2016 for trial of the accused for the offence u/s276c of the income tax act, 1961. in crl. 100143/2022 between the income tax department represented by deputy commissioner of income tax, central circle1 plot no.123, saraf colony,khanapur road, shraddha building, tilakwadi, belagavi ...appellant (by sri ..... the proceedings in cc no.1073/2016 for trial of the accused for the offence u/s276c of the income tax act, 1961. in crl. a.100145/2022 between the income tax department, represented by deputy commissioner of income tax, central circle1plot no.123, saraf colony, khanapur road, shraddha building, tilakwadi, 17 belagavi. ...appellant (by ..... restore the proceedings in cc16no.1084/2016 for trial of the accused for the offence u/s276c of the income tax act, 1961. in crl.a.100144/2022 between the income tax department represented by deputy commissioner of income tax, central circle-1, plot no.123, saraf colony, khanapur road, shraddha building, tilakwadi, belagavi. ... .....
Tag this Judgment!Court : Karnataka Dharwad
..... the proceedings in cc no.1085/2016 for trial of the accused for the offence u/s276c of the income tax act, 1961. in crl. 100143/2022 between the income tax department represented by deputy commissioner of income tax, central circle1 plot no.123, saraf colony,khanapur road, shraddha building, tilakwadi, belagavi ...appellant (by sri ..... the proceedings in cc no.1073/2016 for trial of the accused for the offence u/s276c of the income tax act, 1961. in crl. a.100145/2022 between the income tax department, represented by deputy commissioner of income tax, central circle1plot no.123, saraf colony, khanapur road, shraddha building, tilakwadi, 17 belagavi. ...appellant (by ..... restore the proceedings in cc16no.1084/2016 for trial of the accused for the offence u/s276c of the income tax act, 1961. in crl.a.100144/2022 between the income tax department represented by deputy commissioner of income tax, central circle-1, plot no.123, saraf colony, khanapur road, shraddha building, tilakwadi, belagavi. ... .....
Tag this Judgment!