Karnataka High Court
Karnataka High Court,Karnataka HC,High Court of Karnataka, High Court of Mysore,Bangalore High Court
![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]")
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...
![Vijaya Bank is a ‘Financial Company’ and is entitled to avail the benefit of Deduction u/s 36(1)(viii): Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/11/Vijaya-Bank-Financial-Company-Deduction-Karnataka-High-Court-Taxscan.jpeg "Vijaya Bank is a ‘Financial Company’ and is entitled to avail the benefit of Deduction u/s 36(1)(viii): Karnataka High Court [Read Judgment]")
![GST: Karnataka High Court quashes order detaining Vehicles, imposing Tax, Penalty, Interest [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/11/CGST-GST-Karnataka-High-Court-detaining-Vehicles-imposing-Tax-Penalty-Interest-Taxscan.jpg "GST: Karnataka High Court quashes order detaining Vehicles, imposing Tax, Penalty, Interest [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]](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]](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]")
TPA required to deduct TDS on payments made to hospitals under Section 194J of the Income Tax Act: Karnataka HC [Read Judgment]
The Karnataka High Court held that the Third Party Administrator (TPA) is required to deduct tax at source (TDS) on payments made to hospitals under Section 194J of the Income Tax Act. The...
![TPA required to deduct TDS on payments made to hospitals under Section 194J of the Income Tax Act: Karnataka HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/TPA-required-deduct-TDS-payments-made-hospitals-Section-194J-of-the-Income-Tax-Act-Karnataka-High-Court-Taxscan.jpg "TPA required to deduct TDS on payments made to hospitals under Section 194J of the Income Tax Act: Karnataka HC [Read Judgment]")
ITAT rightly computed the capital gains by adopting the rate of acquisition at Rs.200: Karnataka HC grants relief to Intel [Read Judgment]
The Karnataka High Court, while ruling in the favour of the assessee, Intel Capital (Cayman) Corporation held that the ITAT rightly computed the capital gains by adopting the rate of acquisition at...
![ITAT rightly computed the capital gains by adopting the rate of acquisition at Rs.200: Karnataka HC grants relief to Intel [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-Intel-rate-acquisition-capital-gains-Taxscan.jpg "ITAT rightly computed the capital gains by adopting the rate of acquisition at Rs.200: Karnataka HC grants relief to Intel [Read Judgment]")
If Refund doesn’t include Interest due payable on the amount refunded, the revenue would be liable to pay Interest on shortfall: Karnataka HC grants relief to Syndicate Bank
The Karnataka High Court while dismissing the plea of the revenue held that the revenue is liable to pay interest on the amount of interest on refund. The assessee, Syndicate Bank is a...
Expenditure made in Cash Payments to Agriculturists / Farmers for purchase of land should be Disallowed: Karnataka High Court [Read Judgment]
The Karnataka High Court upheld the order of the Tribunal disallowing the expenditure under Section 40A(3) of the Income Tax Act, 1961 in respect of cash payments made by the assessee to the...
![Expenditure made in Cash Payments to Agriculturists / Farmers for purchase of land should be Disallowed: Karnataka High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Karnataka-High-Court-Cash-Payments-Agriculturists-Farmers-land-Taxscan-1.jpg "Expenditure made in Cash Payments to Agriculturists / Farmers for purchase of land should be Disallowed: Karnataka High Court [Read Judgment]")
ITAT allows Deduction to Cafe Coffee Day on belated payment of Employee’s contribution to PF [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while upholding the order passed by the CIT(A) allowed the deduction to the assessee, Cafe Coffee Day in respect of belated payment of...
![ITAT allows Deduction to Cafe Coffee Day on belated payment of Employee’s contribution to PF [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/ITAT-Cafe-Coffee-Day-Taxscan.jpg "ITAT allows Deduction to Cafe Coffee Day on belated payment of Employee’s contribution to PF [Read Order]")
Karnataka HC allows Petitioner to file application seeking Revocation of Cancellation of GST Registration [Read Order]
The Karnataka High Court allowed the petitioner to file the application to revoke the cancellation of Goods and Service Tax (GST) registration before the Assistant Commissioner of Commercial Taxes,...
![Karnataka HC allows Petitioner to file application seeking Revocation of Cancellation of GST Registration [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/GST-registration-petitioner-Taxscan.jpeg "Karnataka HC allows Petitioner to file application seeking Revocation of Cancellation of GST Registration [Read Order]")