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Karnataka High Court

Invalidity of Section 271(1)(c) Notice Without Specific Ground Specification

December 27, 2023 630 Views 0 comment Print

Explore the Karnataka High Court’s ruling on penalty notices under Income Tax Act in CIT vs SSA’s Emerald Meadows. Learn about specificity requirements and key findings.

Discovery in Later Assessments Not Grounds for Reassessment in Prior Years

December 25, 2023 1671 Views 0 comment Print

Karnataka High Court held that reassessment proceedings cannot be in the nature of review and accordingly, the material as has come to light in the assessment proceedings for the Assessment Year 2008- 2009 cannot be a sufficient ground to resort to reassessment proceedings.

Withholding Refund Unjustified without Fulfilling Section 241A Provisions

December 22, 2023 519 Views 0 comment Print

Karnataka High Court held that withholding of refund without satisfying requirements of provisions of section 241A of the Income Tax Act is unsustainable in law. Accordingly, refund along with interest allowed.

Unjustified Property Tax Demand Pre-Occupancy Certificate: Applied to Completed Building, Not Vacant Land

December 21, 2023 678 Views 0 comment Print

Assessee was aggrieved by the demand made by the respondent – Corporation for payment of property tax calculated from 17.01.2008 on the ground that the building was completed on that date even though the Occupancy Certificate came to be issued on 25.04.2011.

BBMP directed to digitize Khata to avoid issuance of Katha in respect of one property to two different person

December 21, 2023 567 Views 0 comment Print

Karnataka High Court held that Bruhat Bengaluru Mahanagara Palike (BBMP) should formulate a suitable mechanism to digitize Khata / Katha certificates so as to avoid situations like issuance of Katha in respect of one same property to two different person.

No separate notification necessary for application of DTAA’s provisions

December 20, 2023 1254 Views 0 comment Print

Explore the Apollo Tyres Ltd. vs CIT case where issues arise regarding the applicability of DTAA provisions without a new notification.

HC directed ICAI to grant membership to CA Student who pursued multiple courses during CA Studies

December 16, 2023 38760 Views 2 comments Print

Since on every occasion the student had diligently sought permission from the Respondent to pursue the course and on every occasion, the student had been permitted to pursue the course. When time came to register her as a Member of the Council to practice as a Chartered Accountant, the Respondent wanted to put the clock back by four years tinkering with the permissions that were already granted from time to time, therefore, High Court issued a mandamus to ICAI to consider addressing the grievance of Petitioner in accordance with law and enrolling her as a Member of the Institute bearing in mind the  observations made in the course of the order.

Additions Unsustainable if identity & credit worthiness of investors established

October 30, 2023 270 Views 0 comment Print

Karnataka High Court upholds the ITAT’s decision to delete additions made by Revenue concerning undisclosed income from investments in shell companies.

Income Tax on Loan Waiver Benefits: Analysis of Karnataka HC judgment

October 15, 2023 3957 Views 0 comment Print

Learn about taxation of loan waiver benefits under Section 28(iv) of I.T. Act. Explore a Karnataka High Court case, recent amendments, and key judgments.

KVAT: Prime Location Charges/Floor Rise Charges not includible in Taxable Service

October 7, 2023 390 Views 0 comment Print

Karnataka High Court’s ruling on Prime Location Charges (PLC) and Floor Rise Charges (FRC) under KVAT Act, their exemption from tax, and implications. Learn more.

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April 2024