TMI Blog2020 (11) TMI 1087X X X X Extracts X X X X X X X X Extracts X X X X ..... by a Bench of this Court [ 2020 (1) TMI 1141 - KARNATAKA HIGH COURT] and connected matter. Deprecation on HTM category of investments - HELD THAT:- As further submitted that the substantial question of law No.2 is answered against the revenue by a Bench of this Court in KARNATAKA BANK LTD [ 2013 (7) TMI 656 - KARNATAKA HIGH COURT] as further submitted that substantial question of law N ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ar 2006-07. 2. At the outset, learned counsel for the revenue submitted that he is confining his submissions in respect of only four substantial questions of law, which are reproduced below:- 1. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in setting aside the disallowance of expenditure of earning exempt income under Section 14A of the Act by err ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in setting aside that the provisions of Section 115JB are not applicable to banking companies as no accounts are drawn up as per the requirement of Schedule VI of the Companies Act, 1956 by following its earlier orders which has not reached finality? 4. Whether on the facts and in the circumstances o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... onnected matter. It is further submitted that the substantial question of law No.2 is answered against the revenue by a Bench of this Court in KARNATAKA BANK LTD. V. ASSISTANT COMMISSIONER OF INCOME-TAX, CIRCLE 2(1) , [2013] 34 TAXMANN.COM 150 (KARNATAKA). It is further submitted that substantial question of law No.3 is covered by the judgment dated 16.01.2020 passed by a Bench of this Court ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
