Bang/2020
M/s. Karnataka State Police Housing &
Infrastructure Development Corporation Ltd., Bangalore
IN THE INCOME TAX APPELLATE TRIBUNAL
"A'' BENCH ... Assessment Year : 2014-15
M/s. Karnataka State Police
Housing and Infrastructure
Development Corporation Ltd.
No.59, Richmond Road Vs. ACIT Circle
case for
A.Y 2006-07.
Disallowance of Building fund and Infrastructure Development
Fund:
The learned CIT(A) erred in fact ... delete the addition made in respect of the building fund and
infrastructure development fund.
Unexplained Investments:
The learned CIT(A) erred in fact
exclusively for the socio-economic
development of the areal local population, infrastructure development,
conservation and protection of forest, developing common facilities for
transportation of iron ... exclusively for the socio-economic development of the area / local population,
infrastructure development, conservation and protection of forest, developing
common facilities for transportation of iron
submitted that, assessee is a Government of Karnataka
undertaking engaged in infrastructure development projects
involving construction of bridges, maintenance of state highways,
maintenance of major ... Karnataka High Court in case of CIT
vs Karnataka Urban Infrastructure Development and Finance
Corporation reported
Page 4 of 26
business of development, maintenance and operation of Infrastructure development
i.e. airport.
7. Likewise, the AO held that the part ... income derived from
the business of development, maintenance and operation of Infrastructure
development i.e. airport. Those subhead of income under the category
Page 4 of 26
business of development, maintenance and operation of Infrastructure development
i.e. airport.
7. Likewise, the AO held that the part ... income derived from
the business of development, maintenance and operation of Infrastructure
development i.e. airport. Those subhead of income under the category
Page 4 of 26
business of development, maintenance and operation of Infrastructure development
i.e. airport.
7. Likewise, the AO held that the part ... income derived from
the business of development, maintenance and operation of Infrastructure
development i.e. airport. Those subhead of income under the category
Amount in Rupees) :
Rs.9,55,95,000
(x) Investment on Infrastructure Development including investment on built up
space for industrial use (Amount in Rupees ... Industrial Park : 31-10-2005
2. The minimum investment on infrastructure development in an Industrial Park
shall not be less than 50% of the total
Karnataka High
Court in the case of CIT v. Karnataka Urban Infrastructure
Development & Finance Corporation (KUIDFC ), 284 ITR 582
(Kar), held that interest earned ... Karnataka High
Court in the case of CIT Vs. Karnataka Urban Infrastructure
Development & Finance Corpn. 284 ITR 582 (Karn) was as to
whether Interest
Judgment of
this Court in the case of Karnataka Urban
Infrastructure Development Finance Corpn.'s
case (KUIDC) (supra) wherein it is held that ... channelise them to the objects of
centrally sponsored scheme of
infrastructure development for mega-city
of Bangalore. Funds of one wing of the
Government
