Sec. 17(2)

Income Tax Case Laws, Sec. 17(2), Sec. 201(1), Section 17, Section 192, Section 201

Karnataka H.C : the assessee is in default under s. 201(1) of the Act and consequently liable to pay interest under s. 201(1A) of the Act on account of the assessee failing to deduct tax at source from its employees in respect of perquisites provided i.e., attire allowance and travel accessories allowance

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High Court Of Karnataka CIT & ANR. vs. Wipro Systems Section 17(2)(iv), 192, 201(1) Asst. Year 1994-95, 1995-96 K.L. Manjunath […]

Sec. 17(2), Section 143, Section 148, Section 17

Karnataka H.C : The reopening of assessments made by the AO was without jurisdiction; as it was on account of mere change of opinion when admittedly during the course of assessment of M/s Manikya Plastichem (P) Ltd. it was detected that equity shares worth Rs. 25 had been sold in favour of the assessee at Rs. 10 and the difference had escaped assessment which was liable to be taxed in accordance with the amended s. 147 of the Act ?

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High Court Of Karnataka CIT & Anr. vs. Kirtivan D. Kotian Section 17(2)(iii), 143, 148 Asst. Year 1996-97 Deepak Verma

Sec. 17(2), Sec. 201(1), Section 192

Karnataka H.C : The assessee company was not liable to deduct TDS under s. 192 of the Act over the issue of its shares under stock option plan to its employees at a concessional rate as it cannot be treated as a perquisite (salary) and therefore the assessee cannot be treated as a defaulter under s. 201(1) of the Act, and consequently no interest under s. 201(1A) of the Act can be levied

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High Court Of Karnataka CIT & Anr. vs. Infosys Technologies Ltd. Sections 17(2), 192, 201(1) Asst. Years 1997-98, 1998-99, 1999-2000

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