2022 (11) TMI 1507 - HC - Income Tax

Deduction u/s 80-IB(10) - HELD THAT - Considering the facts in the present case are identical to earlier years and follow the precedence and direct the AO to grant deduction u/s 80IB(10) - See M/S. S.N. BUILDERS DEVELOPERS 2019 (12) TMI 666 - ITAT BANGALORE Disallowance u/s 40(a)(ia) - non- deduction of TDS on provision for expenses -The second question of law is also covered against the Revenue in M/s. Toyota Kirloskar Motor (R) Ltd., 2021 (4) TMI 276 - KARNATAKA HIGH COURT and M/s. Toyota Kirloskar Motor (P) Ltd 2022 (10) TMI 1256 - KARNATAKA HIGH COURT

Summary

The High Court of Karnataka dismissed the Revenue's appeal challenging the order dated 27th September, 2019 in ITA No.106/Bang/2019 for the Assessment Year 2014-2015. The court held that the questions of law raised by the Revenue were covered against them by previous decisions. The appeal was dismissed, and the questions of law were answered in favor of the assessee and against the Revenue.