2018 (12) TMI 1758

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..... AGYA NIDHI LIMITED VERSUS THE ASSISTANT COMMISSION OF INCOME-TAX, CIRCLE -1, UDUPI [ 2018 (12) TMI 1757 - KARNATAKA HIGH COURT] was disposed off by the order of even date on the same ground. Hence, following the judgment above, the substantial question of law is answered in favour of the assessee and against the Revenue. - IT Appeal No. 373-374 Of 2013 - - - Dated:- 10-12-2018 - Ravi Ma .....

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..... at Nil, after setting-off of brought forward losses and brought forward depreciation, etc. However, the Assessing Officer considering the claim of waiver of principal component of deposit and debentures of ₹ 4,71,29,745/- and ₹ 6,91,24,426/- respectively as taxable revenue receipt as against the assessee's claim of principal part of deposit and debentures as capital receipt which .....

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