High Court of Karnataka Dismisses Revenue's Appeal in Income Tax Case — No Substantial Question of Law Arises. The court held that the ITAT's concurrent findings on the genuineness of share capital transactions and the applicability of Section 68 of the Income Tax Act, 1961, did not give rise to any substantial question of law.
20 Apr 2015The case involves two appeals filed by the Revenue under Section 260-A of the Income Tax Act, 1961, against the common order of the Income Tax Appella...
