Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2020 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (5) TMI 657 - HC - Income TaxMAT applicability u/s 115JB - Provision for leave encashment - pension which are unascertained liabilities and deserves to be disallowed which computing income under section 115JB - HELD THAT:- Substantial question of law No.2 is answered by a Division Bench of this Court in M/S. ING VYSYA BANK LIMITED [2020 (1) TMI 1116 - KARNATAKA HIGH COURT] wherein held Companies Act, 1956 has excluded insurance, banking companies or the companies engaged in the generation or supply of electricity from the purview of Section 211(1) of the Companies Act, 1956 and resultantly from the purview of Section 115JB of the Act. Deduction u/s 80IA - Whether tribunal’s order can be said as perverse in nature in not adjudicating issue pertaining to 80IA deduction even though same is pleaded by Revenue? - HELD THAT:- Issue pertaining to Section 80IA of the Act, the Tribunal has followed the order passed in the previous assessment year 2007-08 [2013 (10) TMI 1505 - ITAT BANGALORE] and the same is answered against the Revenue. Therefore, in view of the preceding analysis, no substantial questions of law arise
|