![Low Tax effect but exceptional Income Tax case: Karnataka HC allows revival of appeal by dept. [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Karnataka-High-Court-CBDT-CBDT-Circular-Income-Tax-Revival-of-Income-Tax-appeals-Principal-Commissioner-of-Income-Tax-taxscan.jpg "Low Tax effect but exceptional Income Tax case: Karnataka HC allows revival of appeal by dept. [Read Order]")
Low Tax effect but exceptional Income Tax case: Karnataka HC allows revival of appeal by dept. [Read Order]
The Karnataka High Court has dismissed an Income Tax appeal filed by the Principal Commissioner of Income Tax due to the tax effect being below the...
![Failure to Respond to initial Service Tax SCN not Intention to Suppress Facts: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Karnataka-HC-Service-Tax-SCN-Karnataka-High-Court-Show-Cause-Notice-payment-of-Service-Tax-initial-Service-Tax-taxscan.jpg "Failure to Respond to initial Service Tax SCN not Intention to Suppress Facts: Karnataka HC [Read Order]")
![Venture Capital Trust not a Juridical Person: Karnataka HC quashes Service Tax Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Karnataka-High-Court-Karnataka-HC-Service-Tax-Demand-Venture-Capital-TAXSCAN.jpg "Venture Capital Trust not a Juridical Person: Karnataka HC quashes Service Tax Demand [Read Order]")
![Exemption of Interest from Surplus Funds in Bank FDs allowable u/s 10AA of Income Tax Act for Exporters in SEZ: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Act-Karnataka-High-Court-SEZ-Exports-TAXSCAN.jpg "Exemption of Interest from Surplus Funds in Bank FDs allowable u/s 10AA of Income Tax Act for Exporters in SEZ: Karnataka HC [Read Order]")
![Relief to MPhasis Ltd: Reasonable Time Limit u/s 201 of Income Tax Act applicable to Non-Residents, rules Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Relief-MPhasis-Ltd-Reasonable-Time-Limit-Income-Tax-Act-Non-Residents-Karnataka-HC-taxscan.jpg "Relief to MPhasis Ltd: Reasonable Time Limit u/s 201 of Income Tax Act applicable to Non-Residents, rules Karnataka HC [Read Order]")
Land Sale Value to be Determined as on Date of Agreement for Income Tax Deduction u/s 50C: Karnataka HC [Read Order]
The Karnataka High Court rejected the appeal filed by revenue was not meritorious and held that the revenue has no discretion to adopt any date other than the date of agreement in question. In...
![Land Sale Value to be Determined as on Date of Agreement for Income Tax Deduction u/s 50C: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Deduction-Income-Tax-Deduction-Commission-Payments-Commission-Examination-Verification-Agreement-between-Payer-and-Dealers-Payer-and-Dealers-ITAT-Taxscan.jpg "Land Sale Value to be Determined as on Date of Agreement for Income Tax Deduction u/s 50C: Karnataka HC [Read Order]")
Reassessment of Income u/s 153A impermissible without Incriminating Evidence: Karnataka HC upholds Deletion of Assessed Income [Read Order]
The Karnataka High Court recently held in an Income Tax Appeal that the provisions under Section 153A of the Income Tax Act, 1961 does not permit an Assessing Officer ( AO ) to reassess the income of...
![Reassessment of Income u/s 153A impermissible without Incriminating Evidence: Karnataka HC upholds Deletion of Assessed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-Income-Tax-Appeal-Assessing-Officer-Reassessment-of-Income-TAXSCAN.jpg "Reassessment of Income u/s 153A impermissible without Incriminating Evidence: Karnataka HC upholds Deletion of Assessed Income [Read Order]")
Karnataka HC sets aside Income Tax Order Passed u/s 201(1) & 201(1A), exceeding reasonable period of 4 years [Read Order]
The Karnataka High Court, in a recent ruling, set aside the order passed under Sections 201(1) and 201(1A) of the Income Tax Act, 1961, as being beyond the reasonable period of 4 years. In this...
![Karnataka HC sets aside Income Tax Order Passed u/s 201(1) & 201(1A), exceeding reasonable period of 4 years [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Karnataka-HC-Income-Tax-Order-exceeding-period-4-years-taxscan.jpg "Karnataka HC sets aside Income Tax Order Passed u/s 201(1) & 201(1A), exceeding reasonable period of 4 years [Read Order]")
Threatening Action of VAT Officer: Karnataka HC directs Petitioner to seek Statutory Remedy [Read Order]
In a recent ruling, the High Court of Karnataka dismissed the writ petition and directed the petitioner to seek statutory remedy as provided under the law against the threatening action of the VAT...
![Threatening Action of VAT Officer: Karnataka HC directs Petitioner to seek Statutory Remedy [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Threatening-Action-VAT-Officer-Karnataka-HC-Petitioner-Statutory-Remedy-taxscan.jpeg "Threatening Action of VAT Officer: Karnataka HC directs Petitioner to seek Statutory Remedy [Read Order]")
No Interference required on Acceptance of Explanation for Unexplained Cash Deposits as Gifts: Karnataka HC [Read Order]
The Karnataka High Court has ruled that the Settlement Commission, by accepting explanations "in the spirit of settlement," cannot be faulted or subjected to interference within the limited scope of...
Race Track is “Road” but without Access to Public: CESTAT denies Service Tax Exemption on Construction of Race Track [Read Order]
The Customs, Excise & Service Tax Appellate Tribunal ( CESTAT ) has ruled that the construction of a Formula 1 race track does not qualify for service tax exemption under the category of public...
![Race Track is “Road” but without Access to Public: CESTAT denies Service Tax Exemption on Construction of Race Track [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/CESTAT-Service-tax-Service-tax-exemption-Race-Track-Construction-of-Race-Track-taxscan.jpg "Race Track is “Road” but without Access to Public: CESTAT denies Service Tax Exemption on Construction of Race Track [Read Order]")
Insufficiency of Sentence: Karnataka HC directs Income Tax Dept to approach Sessions Court u/s 415(3) of BNSS [Read Order]
The Karnataka High Court has rejected the appeals filed by the Income Tax Department under Section 377 of the Cr.P.C. Sub-Section (3) of Section 415 of BNSS permits appeals to the Sessions Court...
![Insufficiency of Sentence: Karnataka HC directs Income Tax Dept to approach Sessions Court u/s 415(3) of BNSS [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Karnataka-High-Court-Karnataka-HC-Income-Tax-Dept-Sessions-Court-BNSS-Section-4153-of-BNSS-TAXSCAN.jpg "Insufficiency of Sentence: Karnataka HC directs Income Tax Dept to approach Sessions Court u/s 415(3) of BNSS [Read Order]")