9911796707
TMI Blog2012 (10) TMI 1077X X X X Extracts X X X X X X X X Extracts X X X X ..... ARNATAKA HIGH COURT] has held that while computing the total income under Section 115JB of the Act, the assessee is entitled to claim deduction of the amount equal to the STT paid by him in respect of the taxable securities transactions entered into in the course of business during the previous year. Since this issue is squarely covered in favour of the assessee by the decision supra , we do not f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... column-7 of part-B TTI(ITR-6)." 2. At the time of hearing, learned AR submitted that the issue involved in this appeal is covered by the decision of the Hon'ble Karnataka High Court, rendered in ITA No.434/2010 (The CIT & Another Vs. M/s Horizon Capital Ltd.) vide judgment dated 24th October, 2011. 3. Leaned DR has not disputed the above contention of learned AR but save and except relying on th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Act. A similar issue has come up before the Hon'ble Karnataka High Court in the case of M/s Horizon Capital Limited (supra). The Hon'ble High Court while confirming the order of Tribunal in the above case, has held that while computing the total income under Section 115JB of the Act, the assessee is entitled to claim deduction of the amount equal to the STT paid by him in respect of the ta ..... X X X X Extracts X X X X X X X X Extracts X X X X
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