2020 (10) TMI 1364

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..... A. For the Revenue : Smt. Vandana Sagar, CIT DR ORDER PER ARUN KUMAR GARODIA, A. M.: This appeal is filed by the revenue and the same is directed against an order of learned CIT(A) - 14, LTU, Bengaluru dated 20.04.2016. 2. In this appeal, although various grounds are raised by the revenue but there are only two grievances. First grievance is this that learned CIT (A) is not justif....

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....ed 30.09.2020 and in this judgment in Para 8 on page 385, it is noted by Hon'ble Karnataka High Court that the tribunal has held that the proviso to section 2 (15) is not applicable in case of this assessee and thereafter, in para 9. on page 385, it is noted by Hon'ble Karnataka High Court that the order passed by the tribunal is based on meticulous appreciation of materials on record and it is no....

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.... Poona as reported in 89 taxman.com 127 and decided this issue in favour of the assessee. 4. We have considered the rival submissions. We find that the first issue is squarely covered in favour of the assessee by the judgment of Hon'ble Karnataka High Court rendered in assessee's own case. Similarly, second issue is also squarely covered in favour of the assessee by the tribunal order in assess....