2020 (10) TMI 1364

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....ana 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 justified in holding that proviso to section 2....

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.... 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 not perverse by any stretch of imagination a....