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Maintenance First, Tax Next – Windmills Must Stay Operational: Karnataka HC
Case Law Details
- Case Name
- B.V. Sreenivasa Reddy Vs CIT (Karnataka High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Karnataka High Court
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B.V. Sreenivasa Reddy Vs CIT (Karnataka High Court)
Pragmatic Ruling: HC Allows Maintenance Costs from Attached Assets for Better Revenue Realisation- Keep Windmills Running to Maximize Tax Recovery -HC Orders Balanced Approach in Windmill Revenue Case- Revenue Protection Through Asset Preservation
The petitioner sought a mandamus directing the Income Tax Department to allow him to utilise part of the revenues generated from his windmills for operational expenses such as maintenance, salaries, insurance & income tax payments. Petitioner’s windmills, operated by Suzlon Global Services Ltd...
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