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2020 (3) TMI 1347 - HC - Income TaxEntitlement to deduction u/s 80IA - setting off of the loss of loss-making units against the profits of the profit- making units, without taking into consideration that deduction is provided to the eligible business and not for an undertaking - HELD THAT:- The proposed substantial question of law No.1 has been already answered M/S. KARNATAKA POWER CORPORATION LTD [2015 (1) TMI 1460 - KARNATAKA HIGH COURT]. MAT Computation u/s 115JB - whether the tribunal was correct in holding that section 115JB was not applicable to the assessee in view of Explanation - 3 to section 115JB without appreciating that the amendment is applicable only with effect from 1.4.2013 relevant Assessment year 2013-14? - HELD THAT:- Substantial question of law No.2 is answered by another Division Bench of this Court vide judgment M/S. ING VYSYA BANK LIMITED [2020 (1) TMI 1116 - KARNATAKA HIGH COURT]
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