Tag: karnataka high court

Condonation of delay in filing Form 10B/ITR. ill-health resulting in demise of executive trustee was a bonafide reason In a recent judgment, Hon’ble Karnataka High Court has held that ill-health and subsequent demise of the executive trustee of the assessee trust constituted bona fide reasons for condonation of …

Section 45 of PMLA Act does not oust ability of constitutional courts to grant bail on violation of fundamental rights to speedy trial. In a recent judgment, Hon’ble Karnataka High Court has granted bail to accused who was in incarceration for one year observing that section 45 of …

Provision for discount allowed as expenses as it had been discharged fully in the subsequent Assessment Year. In a recent judgment, the Karnataka High Court upheld the allowance of provision for discount following the matching principle as it had been discharged fully in the subsequent Assessment Year. ABCAUS …