Case Law Details
Case Name : PCIT Vs Jupiter Enterainment Ventures (P)Ltd. (Karnataka High Court)
Related Assessment Year :
Courts :
All High Courts Karnataka High Court
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PCIT Vs Jupiter Enterainment Ventures (P)Ltd. (Karnataka High Court)
Karnataka High Court dismissed the appeal filed by the revenue under section 260-A of the Income Tax Act as question raised by the Revenue is not a substantial question of law and it is a question of fact. Appeal u/s. 260-A can be entertained only when it involves substantial question of law.
Facts- The Assessing Authority disallowed a sum of Rs.11,27,00,000/-, which the assessee claimed it as business loss. The Assessing Authority had also disallowed certain other claims of the assessee. T
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