![Karnataka High Court quashes order directing AO to disallow the Deduction TO both Owner and Land Developer [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Karnataka-High-Court-AO-deduction-Taxscan.jpg "Karnataka High Court quashes order directing AO to disallow the Deduction TO both Owner and Land Developer [Read Order]")
Karnataka High Court quashes order directing AO to disallow the Deduction TO both Owner and Land Developer [Read Order]
The Karnataka High Court quashed the order passed by the Director of Income Tax (Exemption), Bangalore directing the Assessing Officer(AO) to...
![Assessee is eligible for exemption under Section 54F for investment made in the house property in USA: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/house-property-USA-exemption-Assessee-Taxscan.jpg "Assessee is eligible for exemption under Section 54F for investment made in the house property in USA: Karnataka HC [Read Judgment]")
![Foreign Currency Expenditure for providing Software Development Services can’t be excluded from Export Turnover for Computing Deduction: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Foreign-currency-expenditure-software-development-services-Taxscan.jpg "Foreign Currency Expenditure for providing Software Development Services can’t be excluded from Export Turnover for Computing Deduction: Karnataka HC [Read Judgment]")
While computing Capital Gains benefit of indexed Cost of Acquisition is to be considered for computing Tax liability: Karnataka High Court [Read Judgment]
The Karnataka High Court quashed the order of the ITAT as it did not consider the reasoning that while computing capital gains the benefit of indexed cost of acquisition is to be considered for the...
![While computing Capital Gains benefit of indexed Cost of Acquisition is to be considered for computing Tax liability: Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/09/Capital-Gains-Cost-Acquisition-Karnataka-High-Court-Taxscan.jpg "While computing Capital Gains benefit of indexed Cost of Acquisition is to be considered for computing Tax liability: Karnataka High Court [Read Judgment]")
Provision for Warranty is allowable as Deduction when the assessee has not made provision on a Scientific basis: Karnataka HC [Read Judgment]
The Karnataka High Court held that the provision for warranty is allowable as deduction when the assessee has not made provision on a scientific basis.The assessee filed the return of income for the...
![Provision for Warranty is allowable as Deduction when the assessee has not made provision on a Scientific basis: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/08/provision-warranty-deduction-assessee-Amco-Battery-Karnataka-High-Court-Taxscan.jpg "Provision for Warranty is allowable as Deduction when the assessee has not made provision on a Scientific basis: Karnataka HC [Read Judgment]")
Amendment in Section 40(a)(ia) of Income Tax Act is Retrospective in Nature: Karnataka HC [Read Order]
The High Court of Karnataka held that the amendment made by the Finance Act, 2010 in the provisions of Section 40(a)(ia) of the Income-tax Act, 1961 is retrospective in operation. The assessee, M/S....
![Amendment in Section 40(a)(ia) of Income Tax Act is Retrospective in Nature: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Karnataka-High-Court-Income-Tax-Act-Taxscan.jpg "Amendment in Section 40(a)(ia) of Income Tax Act is Retrospective in Nature: Karnataka HC [Read Order]")
Non-Compete Fees paid to Employees not Taxable as per Indo-USA Tax Treaty: Karnataka HC [Read Judgment]
The High Court of Karnataka held that the amount paid to the employees under the non-compete agreement is covered by the expression ‘salary/profits in lieu of salary’, which is not taxable in India in...
![Non-Compete Fees paid to Employees not Taxable as per Indo-USA Tax Treaty: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/07/Non-Competent-Fee-Karnataka-High-Court-Taxscan.jpeg "Non-Compete Fees paid to Employees not Taxable as per Indo-USA Tax Treaty: Karnataka HC [Read Judgment]")
2 Apartments in Same Building is 1 Residential Unit, to Compute Capital Gain Deduction: Karnataka HC [Read Judgment]
The High Court of Karnataka, while quashing the ITAT held that assessee entitled to the benefit of exemption under Section 54F(1) of the Income Tax Act, 1961 as the assessee owns two apartments of 500...
![2 Apartments in Same Building is 1 Residential Unit, to Compute Capital Gain Deduction: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/06/Residential-unit.jpeg "2 Apartments in Same Building is 1 Residential Unit, to Compute Capital Gain Deduction: Karnataka HC [Read Judgment]")
![ATMs are Computers, Entitled to a Higher Rate of Depreciation: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/06/ATM-Depreciation-Karnataka-High-Court-Taxscan.jpg "ATMs are Computers, Entitled to a Higher Rate of Depreciation: Karnataka HC [Read Judgment]")
Tribunal failed to deal with Claim of Assessee for Deduction under Section 10A of Income Tax Act, 1961: Karnataka HC [Read Judgment]
The High Court of Karnataka held that the tribunal has not dealt with the claim of the assessee for deduction under Section 10A of the Income Tax Act, 1961. The assessee, M/S Yokogawa India Ltd. is...
![Tribunal failed to deal with Claim of Assessee for Deduction under Section 10A of Income Tax Act, 1961: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2019/04/GST-TRAN-1-Karnataka-High-Court-Taxscan.jpg "Tribunal failed to deal with Claim of Assessee for Deduction under Section 10A of Income Tax Act, 1961: Karnataka HC [Read Judgment]")