Karnataka High Court
The Commissioner Of Income Tax vs Karnataka State Financial Corporation on 4 December, 2009
Bench: K.L.Manjunath, Aravind Kumar
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ifw af 3315 'mfmasiiazwcsua m:§fi:$%s* whimh was %' Ebzfi fig aaaasaseg $2 firm :: S§€:& is pmmam im £1/, W9' % 3 $ :3 E E'?
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fl § $35 5% :§ Q :3 § 4% 3 § fig § §'** §£ 3 $ at m § 3 V9» lk as-emnv-mm.» "4'2N"'% rg mwa'.w,'g>wg, vswww wmwwmsx A%,._.#wj'zmmKNmw%%m Wwarw mmm WE" %fi'%s$*¥';?'@&"%'}%....,..
busirsaass at my wings mm as 'isms: vs1:agg:} Mysare éis*¥37'1ct mzéser the 8.6% Mysam Z335. A' Swaathi Gram Yajarxafi Claim Wag aesaasing ofim arfiy cm the span': by ma assmsce in a 31£.ii.'¥,__5@f R$._§;Ei 1ak%2§ L. fa bumnesa gzzrwsez was dimalhwafi.
3, The assaaammt azfim'; Cammémafinnm af Emma égzpezx fin 3?is.dgm:*:: af the «arr W. gmm '§'ra.:'1s§5rt cm~p¢;a§¢a%§:¢g%%{§:§ ma gaagxsgaéraagg. '?§m farhinac ' "" ' me Tax Apgmia afiaweé {E13 .A'.::§é$$es$e:a W salyizg izgezz. the afsxrwaigi in C '?ra2:$par'E: fissxrgrafifirxg ha 215 agkpliaafik ta fiw faaata af fig smsg rm 'aha gawmé timi in fimt sma wmn $2? Smvgrafiiwxz $3}. fig zwumt af {xi WWNR h'w!'*§¥%.§%é§'*WaF"'3;hm#fl §§"'13§%m'$W"% *5m:'im'WmZ"'¥&':€ €9ég.¢¢:5_.fi"5'V'1:i'*'e.fi"'$fl%.Ili"*@£W.§a3"%.$'m$"% fl"'H'iu$'i1V""I§ ?m'é.a»l<"¥«.<.:5fl§'{x.1¥ WE' §W%W§"s'&W$a§£P<%%fi% E'"¥éE%WI'°"% wwmmg WW mMLK§WM&&%%fie ?"E'Hwi';x'_%'"? '3\«s%W»..»M{§ WV §*m%W§'&§*%§;W&}'%s§'3% §W§§M"Wé' 5w»%$E'§aaH?i§ flue $'€a'£a Gfi $fii, thg ammii was: man: by therefore it was hafi that the gamma: awn: A' Carperatian was far the 'mafia: af thsa pzgiyiizgi > mm: vfizlatae {he public }:x:§it:y. @323 7 flaw af the revenue an the grcgazzé tim.
the prment case Ema spent _ afV fir the desmlepment ef fiyseé H undm" the AGE aa such:
tha its busixgws axzfi ____ #93 mlhiig Aewfiifimsfiggé the same? fig Ea fiiei '\ ..... fig gym
S'i%1&§ftfi£1%§t$f;§.,ii:£3}?&$%i$n gf law;
A '~{i.} ' W: A the fi.§pe};%x1t fizxtiwrifigs mm " . awrract in Emfiing that 313 fisgsmaee ' $33. tha huaizfiswg af Karzmmka 2:3 ustgém" a swig} ahligafififi £23.
hm: af thfi fiiffitififi iaszzfi '$39 fin $€ate mgztriimztifizw mgmazzi sf w v >u-wa"'\w'1o.m V!E3t""m:£,6"'>}.§3'!;,{£""\)3 9;»;
smxi by tiw asaaasgc Wm Wwwmwmrflimmmgwmammw mm" vmwmwu mm mmmmmm Wfififl xizmm" fififiéi fiwum mi' KAW'q§;%'¥"fi.Kfi;, gwgmw mmgm 3.5..
which woulé faciifiats ta cam 921 its: éayf ta day bu3:'nae:s$ acfivity and thus V. mwniwibutian wnuid he an mm Linda V Am?
{ii} mm the game tswarda maaw Savaathi as mrsampt 'V ;_vsatis:f¥m aw asimazed mm-
thse i gt-ant such saif eontainexi """ sui§1?i"V§anm'ibzzi§mn was é. dedzxctiun mgemptt "£*:{;amV étha ax cazmst he ' " $552. mzpazzéimne?
Sszznaei fer thaa L ' wg am gm apéxmg that the mm: sf R335 {:5 fig asxfiiéareé im btisaztaew" pmI3m®::. Efmm the Eiih Pamimyath imfier a aehmvs lamwz: $3 'Swaafixi mama 'a"%M¥%.W@%w»%%"<xA%e. Wkwmm mmwuwm MM" mmmwwmmfimm €"*H'a».:.ww "€~:w'3w3">5yéF?i"4'sK ww"' mmmmmmmrmw a":2vswaa'"'a2. mwwmmv;
Wmififi %.2*'%"
facifiktiefi iikg dwaiag raaés $5 mew mméfits .:[ seif 135$ gamma? '-iI."§.,.:;:is- = 5 infmu-was-ax famfiitzimg ammm ta :.;a, .i:ff1,.A'_j:£;$ ['H awmseaa has been apent tafiéfiriig écwlaapmzt cf ixzfimmwtgzral ¢::erm$::r1.a:t1'9n as? 5; new market an \4L3::1s?.'j'~;g};~+*;.':1.V ma* " ' gmups Waulzi $§ af the a3aas% aa the aaaeasag gush mmb % a:;€< ef the q§§§3£ii=::;£':~&_§ Ea? §'zJ%.i?fi§.%'<Q;5% %€ Mfiafl W E M?' kmhfi M W $3 %«#%'.-?''=' }2'\a.W&fié€aE"%W'*'%:. ii Ma?§'%.£'*'%t« W 5'; 'was W apixim im aczmxfieg in rural mfta 6:' Qfitfif the rsmi 9%' tin:
far whim}; 3?: £5 fifiaa arid fiéguifii we mg Q? 23% a§inim':
iixia ha 2% 3% ggg réwxzufi.
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