Section 154

Karnataka H.C : the controversy decided by the AO in rectification proceedings was a debatable issue when admittedly the assessee was not entitled to claim the deduction under s. 80-IA of the IT Act (hereinafter referred to as the Act) in respect of a sum of Rs. 97,61,594 being the export incentive i.e., the duty drawback received by the assessee from the Central Government to encourage the exports, which could not be treated as the profits ofthe assessee in order to satisfy the eligibility criterion under s. 80-IA

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High Court Of Karnataka CIT & ANR. vs. TTK Prestige Ltd. Section 154 Asst. Year 1994-95 K.L. Manjunath & A.S. […]

Section 4, Section 69

Calcutta H.C : Whether the Tribunal was justified in law in upholding the addition of Rs. 50 lacs made on the basis of materials seized from a third party, the veracity and genuineness of which was not established by summoning and examining the parties concerned in spite of the appellant’s specific request and its purported findings in that behalf are arbitrary, unreasonable and perverse ?

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High Court Of Calcutta Bangodaya Cotton Mills Ltd. vs. CIT Section 4, 69 Pinaki Chandra Ghose & Sankar Prasad Mitra,

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