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2012 (10) TMI 1077 - AT - Income TaxRebate u/s 88E not allowable to the assessee while computation u/s 115JB - MAT - Held that:- Hon’ble Karnataka High Court in the case of M/s Horizon Capital Limited [2011 (10) TMI 489 - KARNATAKA HIGH COURT] has held that while computing the total income under Section 115JB of the Act, the assessee is entitled to claim deduction of the amount equal to the STT paid by him in respect of the taxable securities transactions entered into in the course of business during the previous year. Since this issue is squarely covered in favour of the assessee by the decision supra , we do not find any infirmity in the order of the learned Cit(A).
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