2013 (10) TMI 1223

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..... as been placed on the Commissioner of Income Tax vs. M/s. Horizon Capital Ltd.[ 2011 (10) TMI 489 - KARNATAKA HIGH COURT], wherein it was held that contention that this benefit is not available to the assessee whose total income is assessed under Section 115JB has no substance - When the total income is assessed and the tax chargeable is computed, it is from that tax which is chargeable, the tax p .....

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..... e present when the matter was taken up for hearing. He pointed out that this question is already covered by a judgment of the Karnataka High Court. He produced a copy of the judgment in the case of The Commissioner of Income Tax vs. M/s. Horizon Capital Ltd. wherein the following view was taken : 17. Therefore, the contention that this benefit is not available to the assessee whose to .....

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