ICAI removes Name of a Chartered Accountant found Guilty of Cash Embezzlement & Fraud following Karnataka High Court Order [Read HC Order & Notification]
After the Karnataka High Court Order, the Institute of Chartered Accountants of India ( ICAI ) has removed the name of a Chartered Accountant who is...
![Relief to Swiggy: Karnataka High Court orders GST Refund of Rs. 27 Cr Illegally collected [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Swiggy-Karnataka-High-Court-orders-GST-Refund-TAXSCAN.jpg "Relief to Swiggy: Karnataka High Court orders GST Refund of Rs. 27 Cr Illegally collected [Read Order]")
![Deduction allowable on Expenditure if purpose of incurring Expenditure is to earn Income: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/d5a847da-a78c-4190-b357-ae4a25f4e1e3.jpg "Deduction allowable on Expenditure if purpose of incurring Expenditure is to earn Income: Karnataka HC [Read Order]")
![No Income Tax on Allotment of Bonus Shares: Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Income-Tax-Allotment-of-Bonus-Shares-Karnataka-High-Court-Taxscan.jpg "No Income Tax on Allotment of Bonus Shares: Karnataka High Court [Read Judgment]")
![Relief to IBM: Revenue Dept. demand of Service Tax barred by limitation in the absence fraud collusion, misstatement, says Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Relief-to-IBM-Revenue-Dept-demand-of-Service-Tax-fraud-collusion-misstatement-Karnataka-High-Court-Taxscan-1.jpg "Relief to IBM: Revenue Dept. demand of Service Tax barred by limitation in the absence fraud collusion, misstatement, says Karnataka High Court [Read Judgment]")
Karnataka High Court deletes disallowance made on Expenditure incurred from Income not includible in Total Income [Read Judgment]
The Karnataka High Court deleted disallowance made in respect of Expenditure incurred from income not includible in total income under Section 14A of Income Tax Act. The assessee, Hindustan...
![Karnataka High Court deletes disallowance made on Expenditure incurred from Income not includible in Total Income [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Karnataka-High-Court-disallowance-Expenditure-income-Taxscan.jpg "Karnataka High Court deletes disallowance made on Expenditure incurred from Income not includible in Total Income [Read Judgment]")
Stamp Duty expenses in connection with issue for Public Subscription of Shares or Debentures of Company is allowable Expenditure: Karnataka HC [Read Judgment]
The Karnataka High Court held that the stamp duty expenses in connection with the issue for public subscription of shares or debentures of a company is allowable expenditure. The assessee, M/s...
Royalty paid for Technical Know-How or Licence for manufacturing/sale is Capital Expenditure: Karnataka High Court [Read Judgment]
The Karnataka High Court held that the royalty paid for technical know-how or licence for manufacturing/sale is capital expenditure. The assessee, Telco Construction is a company engaged in the...
![Royalty paid for Technical Know-How or Licence for manufacturing/sale is Capital Expenditure: Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/12/Royalty-licence-for-manufacturing-capital-expenditure-Karnataka-High-Court-Taxscan.jpg "Royalty paid for Technical Know-How or Licence for manufacturing/sale is Capital Expenditure: Karnataka High Court [Read Judgment]")
Karnataka High Court deletes Interest accrued on Non-Performing Assets from Computation of Taxable Income [Read Judgment]
The Karnataka High Court while quashing the appeal of the revenue deleted interest accrued on non-performing assets from the computation of taxable income. The assessee, M/s. Davangere District...
![Karnataka High Court deletes Interest accrued on Non-Performing Assets from Computation of Taxable Income [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/11/Karnataka-High-Court-Interest-on-Non-Performing-Assets-Taxable-Income-Taxscan.jpg "Karnataka High Court deletes Interest accrued on Non-Performing Assets from Computation of Taxable Income [Read Judgment]")
Violation of conditions for deduction in Rule 18DA(8A) can be looked into only by prescribed authority and not by AO: Karnataka HC [Read Judgment]
The Karnataka High Court held that the violation of conditions of deduction under Rule 18DA (8A) can be looked into only by prescribed authority and not by Assessing Officers. The assessee, M/s...
![Violation of conditions for deduction in Rule 18DA(8A) can be looked into only by prescribed authority and not by AO: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/11/Violation-of-conditions-deduction-Rule-18DA8A-prescribed-authority-AO-Karnataka-High-court-Taxscan.jpg "Violation of conditions for deduction in Rule 18DA(8A) can be looked into only by prescribed authority and not by AO: Karnataka HC [Read Judgment]")
Mere inadequacy of an enquiry or insufficiency of material on record can’t be a ground to invoke Revisional Powers: Karnataka HC [Read Judgment]
The Karnataka High Court held that mere inadequacy of an enquiry or insufficiency of material on record can not be a ground to invoke revisional powers under Section 263 of the Income Tax Act, 1961. ...
![Mere inadequacy of an enquiry or insufficiency of material on record can’t be a ground to invoke Revisional Powers: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Mere-inadequacy-enquiry-sufficiency-material-record-ground-invoke-Revisional-Powers-Karnataka-High-court-Taxscan.jpg "Mere inadequacy of an enquiry or insufficiency of material on record can’t be a ground to invoke Revisional Powers: Karnataka HC [Read Judgment]")
Transfer of Intangible Assets for a valuable consideration by way of allotment of Shares is entitled to Depreciation: Karnataka HC [Read Judgment]
The Karnataka High Court held that the transfer of intangible assets for a valuable consideration by way of allotment of shares is entitled for depreciation. The assessee, M/s Padmini Products is...
![Transfer of Intangible Assets for a valuable consideration by way of allotment of Shares is entitled to Depreciation: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Transfer-of-intangible-assets-valuable-consideration-allotment-shares-entitled-depreciation-Karnataka-High-court-Taxscan.jpeg "Transfer of Intangible Assets for a valuable consideration by way of allotment of Shares is entitled to Depreciation: Karnataka HC [Read Judgment]")