{"id":244959,"date":"2008-10-21T00:00:00","date_gmt":"2008-10-20T18:30:00","guid":{"rendered":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-the-new-india-insurance-co-ltd-on-21-october-2008-2"},"modified":"2014-08-03T13:51:42","modified_gmt":"2014-08-03T08:21:42","slug":"the-commissioner-of-income-tax-vs-the-new-india-insurance-co-ltd-on-21-october-2008-2","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-the-new-india-insurance-co-ltd-on-21-october-2008-2","title":{"rendered":"The Commissioner Of Income Tax vs The New India Insurance Co Ltd on 21 October, 2008"},"content":{"rendered":"<div class=\"docsource_main\">Karnataka High Court<\/div>\n<div class=\"doc_title\">The Commissioner Of Income Tax vs The New India Insurance Co Ltd on 21 October, 2008<\/div>\n<div class=\"doc_author\">Author: K.Sreedhar Rao C.R.Kumaraswamy<\/div>\n<\/p>\n<pre><\/pre>\n<p>nu-&#8216;nu I:1urIl\\rw\u00bb It I<\/p>\n<p>     $31. zsaw. JAVA.L\u00a3-\u00bbAB\\!l\u00a7<\/p>\n<p>awn:  VI&#8217; IUIRIIRIMRM I&#8217;!I\\J&#8217;l&#8217;l VVJURI VJ!&#8217; HRKNREAKR T539&#8243;         <\/p>\n<p>3% Tim I&#8217;*I%CQL1RTQF K&amp;%\u00a3&#8217;L&#8217;I&#8217;AI\u00a7A BANGMERE<\/p>\n<p>mmmnm mm:-r my my Gcmame, 2305 <\/p>\n<p>13% SEE&#8217;?<\/p>\n<p>Tm H013.-E rmms\ufb01cg K.3E$5HAR&#8221;R\ufb01\u00a7~.   \u00ab<\/p>\n<p>AHB<\/p>\n<p>ma H\u00a3%I=f&#8217;BLE MR aazisrxm 3.3.2-m:\u00bb5;\u00a7;12AS*;;v%;a;.!.&amp;Y%% %&#8217;  <\/p>\n<p>rm Hz: 30? GE 2393<br \/>\nBamr\ufb01mi    &#8216;<\/p>\n<p>5  ~{&#8216;!2\u00e93n:\u00a7Ifu%SIC\u00e9HER {:2}? Eliitii-&#8216;.)f\u00a3\\.v\ufb01&#8217;:&#8217;;&#8217;T\u00e9&#8217;s.X~-._<br \/>\n:::xBzm.nma:z\u00ab       1<br \/>\nQtja\ufb01\ufb01smm<br \/>\n\ufb01maasm\ufb01z __    &#8211;  M.   .\n<\/p>\n<p>2 \ufb01\ufb01 \u00a7\\I\u00a2C}1$::E._&#8217;I&#8217;23\u00a3}\u00a7 %o7s?\u00a7sf1\u00a3;a\u00a7\u00a7_<\/p>\n<p>_ j&#8217;E.5a.7E\u00a7ae%fQ&#8217;1\u00b0gI\u00a7&#8217;zi\u00a3&#8217;a\u00a7}7BE&#8217;V~&#8221;<\/p>\n<p> ESPONQEKT<\/p>\n<p> 2:3 mm ufsui\ufb01\ufb01-A gr E.T.A::t, 1963. arising<br \/>\nszs\ufb01 \ufb01mm&#8217; ciataze\ufb01 11\u00bb-1c:&gt;-20% pvasaad m rm<\/p>\n<p>N:i:.1\u00a73%I&#8221;.%;\ufb02EGg&#8217; 291535, fax&#8221; {kw \ufb01sawmzent Ym: Q1302-<\/p>\n<p>&#8220;P<\/p>\n<p>m&#8217;lUPHzIa wuuvnauuu wt<\/p>\n<p>&#8216;&#8221;&#8221;&#8221;&#8221;&#8221;&#8216;&#8221;&#8221;&#8221;\\&#8221; HI&#8217;-&#8220;&#8221;&#8216; \\-&#8216;-&#8216;I,!-&#8216;!_\u00a7\u00a2 ur nnmw-unuxu rum!-I MUUKI Ur IKAKNAEAKA Hi\ufb01\ufb02 COURT OF KARNATAKA HEGH COURT Q?&#8221; KARNATAKA HIGH CC<\/p>\n<p>{SI<\/p>\n<p>ma, \u00a7\u00a7i&#8221;3.\u00a7&#8217;5\ufb01% tfnag. this Eion&#8217;b% Caurt my be pleaaad<br \/>\n\u00abEa:\n<\/p>\n<p>3&amp;3&#8242;? {&#8216;%},Ward-E\ufb01i\ufb01j Bazagahr\ufb01;  <\/p>\n<p>&#8216;:?:&#8221;f 2-s&#8217;;_:ss1v== 33%}, J. deIiv*e:z\u00a2&#8217; tE%j fo\ufb01ub-wiizgz<br \/>\nEm rmprmdent   &#8216;pzusuazii be<br \/>\nma Wm     hm pa\ufb01<br \/>\n      Aecidem.\n<\/p>\n<p>&#8216;Em awaxf\u00e9. &#8221;  \u00a79 ti0n aM<\/p>\n<p>fa};   194{a\u00a7.}{3\u00a77Ix} manxiatm<\/p>\n<p>&#8212;%.:1_:vu:ai\u00a3  $$;\u00a7:&gt;.:n\u00a7;\u00a2nt paya irxtazmt liability mm<\/p>\n<p> i\ufb01. simuid. dedtmt TBS  an arm af<br \/>\n  V mmwnmit. in &amp;a&amp;t;s.1t, the<br \/>\n Bahia ts pay the said amnum tn:\n<\/p>\n<p> ufa 22:31 \ufb01g&#8217; the 2:22 am: with intemst am<\/p>\n<p> &#8216;% rwpon\ufb01aat mm me \u00e9educt am remit the<\/p>\n<p>&#8216;\u00a7&#8217;% amsmi tn the revenue. The $1.3. iwued nntiaze to<\/p>\n<p>Q{;\/%<\/p>\n<p>i} %rmu\u00a7ate the suhstamabl qum\ufb01om sf Law<br \/>\ntizmixzg, ii} allcmr Ens ap\ufb01\ufb01 and set aside tiw<br \/>\npassa\ufb02 $3&#8243; rm ETART  w<br \/>\nf\u20acm.1\u00a7.:3${B\u00a7$;&#8217;2QG5,datad $%6~$&#8217;3-$906  &#8212;<br \/>\nurdem sf the Appeilate Cazmissianer an\u00e9-\u00a7i*;:::j}nsa&#8221;~Ti&#8217;ax   V<\/p>\n<p>332135 appmi mma\ufb01 an i&#8217;\u00a31r 11wr311g &#8221;   <\/p>\n<p>uhwni V~i*h\ufb02&#8221;%\u20ac0&#8217;I\\\ufb028 WWI<\/p>\n<p>use-Inuit-&#8216;Ir-u\\r&#8217;I swlwtu  \\ll&#8217; W-J&#8217;llkIV!%\u00a3l&#8221;\\l\\.P&#8217;\\ TIIQJI1 3ha$u7IJKE Ur HHKEVREHKR &#8220;Eu&#8221; QKJUKI U!&#8221;       <\/p>\n<p>ms rmapez\u00e9zzgm-ni\ufb01 sitar enqzziry fauna that the rmpsmdamt<\/p>\n<p>has magma age maz\ufb01am af Sm, :94-gay. Hexma, <\/p>\n<p>\u00a3113 mzggzamngg is\u00bb daggosit \ufb02ag TEE amunt with  _<\/p>\n<p>an f\u00e9if-r\ufb01T%az1:1x:u;t\ufb02:..\n<\/p>\n<p>:1-. &#8220;.E&#8217;11&amp; $1.3&#8242;. \u00a31&#8242;: appeai  <\/p>\n<p>R9.  $\u00a7\u00a7}pe\u00a7}\ufb02?E Ek\ufb01\ufb01i %.2:\u00e9.?\u00a7a5;:_paa\u00a7&#8217;e1iV&#8217;t.&#8217;1e   VA<\/p>\n<p>\ufb01rm rmgzmzzziam. partly a\ufb01mwm\ufb01<br \/>\nta \u00a7&amp;\u00a7&#8217; mtwwt uja   rest {If the<br \/>\nzarder  {rr::r1f1rt::\ufb02a c\u00a5;:.&#8217;&#8211; % tinder<br \/>\nthe i:a:z~:&#8217;\u00a7ez* m    liab\u00e9lity<br \/>\nfey em:-h ggf.&#8221;  r%a.ue awicvaci<br \/>\nby was m&#8217;i\u00e9;E:r&#8217;\u00abs?fAVf1;i\u00a7\u00a7V de;-gym the izitezrmt has<\/p>\n<p>%\u00bb\ufb01 ti-&#8217;25   hm mt pa\u00b0\u00e9$&#8217;1&#8217;ed any<\/p>\n<p>~ agmgi&#8217;  \u00ab:\u00a5&#8217;}\u00a7_&#8221;\u00a7i&#8217;i&#8217;ai&#8221; 13:1 \ufb01n extent admsrse tn im<\/p>\n<p> \u00a7:j1t\u00a3;&#8217;*rea,,._ &#8216;&#8221;.\u00a7:.  &#8221; A<\/p>\n<p>E;;.\u00ab.fi\ufb01&#8217;  awea}, tits farllcawing substantial<\/p>\n<p> 4&#8242; s&#8217;..;&#8221;\u00a7.\u00a7%i:&#8217;\u00a7x;;\u00a7&#8217;rx5as  iaw are farmukt\ufb01 \ufb01r mns\ufb01era\ufb01an:<br \/>\n &#8216;\u00bb[=  egm the *&#8217;\u00a7&#8217;1&#8243;ihs11:z:a1 was umrract in iwldixzg um.<br \/>\n  mm m wid by tha assmsaae far nan<\/p>\n<p>   m\u00a7 wg :::6nsm2.%tia3 a\ufb01zer  he\ufb01<br \/>\n&#8216;\u00a3}1a?; $37332 aaaessm was liab\u00e9e 13:: duwuct TIE an the<\/p>\n<p>wv-r-\u00abw wu-:-rwu\u00bb-uua -wan<\/p>\n<p>&#8216;*&#8221;&#8216;*&#8221;&#8221;&#8221;&#8221;&#8221;&#8216;V* HIV&#8221; &#8216;~\\AIs-#5}: vr nnnwnanaxn Hmvri uuuxa Ur KAKNATAKA WISH CQURT O? KARMAVAKA H35-EH COURT OF KAENATAKA H163 CO<\/p>\n<p>mmrmi aezzzmgmmnt pair} by Eiavizg  &amp;\ufb02 ti) verify<br \/>\nmrtagg fa-ms and rswmaempute tllaz\ufb01 \u00e9xxfm-mt&#8217;? <\/p>\n<p>\ufb01g \u00a7&#8217;%*ae&#8217;;%mr\u00b0 7:113 f\ufb01huxml was mmmm it; ho\ufb02ing .4<br \/>\nthrew was gm 3-wc\u00e9\ufb01: gmviaian fa da\ufb02uct<br \/>\n gar Clause &#8216;m is aectinn xsmggay  Fj<br \/>\n&#8216;t\u00a7}2m&#8217;2\u00a7\u00a53*&#8221;\u00a2;&#8217;8\u00a7 the asasmaaea un\ufb01w a.  T.<br \/>\naauac Md mt e\ufb01azlazcmd tax  <\/p>\n<p>umar mzzt\u00e9m-z aaggzgg &#8216;wag msgsahge *a\u00e9*hmvs;;i\u20ac:h&#8221;&#8216;:.:?L&#8221;&#8216;<br \/>\nwas. mt mm &#8216;P &#8221;   &#8216; <\/p>\n<p>E35 TEE tz\ufb01nmal Ewiai    are not<br \/>\n%5t1:3:\u00a7. $15.3 gay  \ufb01n  TDS 8I%&#8217;\u00a31I&#8217;1t<br \/>\namatf&#8221; 5  migi Ee2.;{)3i1i\u00a7.ij\u00a7.? &#8216;iss\u00bb   \u00e9f panalty. In this<\/p>\n<p>r\ufb01arz\ufb01\ufb01 &#8216;Q15: <\/p>\n<pre>\n\n \n\nI\n\n \n\n'     deciaian of this\nmm:    \"'x'$\u00a7{}'{':'IT, 24:3 rm 2'67.'\n\n<\/pre>\n<p> Ix tfimsz   the ymvisa in Sec. 261 was<\/p>\n<p>I- ;.;g;\u00e9.&#8217;  sa\ufb01 pr-r3&#8217;s.r&#8217;m::= \ufb01mpowws wary turf<\/p>\n<p> *1   Em mt e\ufb01mtezzl for any wall}<\/p>\n<p>Z    am, 2{}i{1,\u20ac&#8217;s} Fm a dwzimt pmv\ufb01wn ta<br \/>\nH   far&#8221; dahgra\ufb01 ra\ufb01\u00e9t\ufb01g It is in the ;::rac&#8217;b1t:e<br \/>\nA   $113?&#8217; fag&#8217; &#8216;nelatw yajzmcrzzt mi&#8221; tax for: any<br \/>\n  mange, the asamaaae 1% Eiable has pay interest<\/p>\n<p>ia\ufb01. \ufb01fm \u00a7;&#8217;a.&#8221;:;:5 rgzf \u00a72% ya. \ufb01m\ufb01aflgs, fer rafum, rexmiuc<\/p>\n<p>pays  ta tbs asamaee. Tluere\ufb01re, the levy nf<\/p>\n<p>~v\u20ac\/<\/p>\n<p>u\ufb01aarl I<\/p>\n<p>&#8220;&#8221;&#8221;&#8221;&#8216;&#8221;&#8221;&#8221; V&#8221; &#8221;&#8221;&#8221;&#8221;&#8221;&#8221;&#8221;'&#8221;&#8221;&#8221;V&#8221;&#8217; &#8220;&#8221;&#8216;-7&#8243; \\~&#8221;-{F5-\u00ab&#8217;!&#8217;\u00a7| U!&#8217; RHEKIVHIHAH Hl\ufb01a\ufb01 K..UUl(I U?&#8221; KAKNIMAKA HEGH C.ZQUR3&#8242; Uf&#8221; KARNRTAKA i&#8221;iIGH COURT 0?&#8217; KARNAYRKA H361&#8242;! C0<\/p>\n<p>E\u00e9<\/p>\n<p>W*s::ss:z mnmsmed, \ufb01x 3% m\ufb02wtad akzczu\ufb01 be rcz\ufb01xndw<\/p>\n<p>&#8216;an aim smyyz\ufb01ant, txf mama with inhmmt in ei:thm&#8217; <\/p>\n<p>min $335 abeve atmazva\ufb01ans, the    _<\/p>\n<p>a&amp;wz\ufb01.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karnataka High Court The Commissioner Of Income Tax vs The New India Insurance Co Ltd on 21 October, 2008 Author: K.Sreedhar Rao C.R.Kumaraswamy nu-&#8216;nu I:1urIl\\rw\u00bb It I $31. zsaw. JAVA.L\u00a3-\u00bbAB\\!l\u00a7 awn: VI&#8217; IUIRIIRIMRM I&#8217;!I\\J&#8217;l&#8217;l VVJURI VJ!&#8217; HRKNREAKR T539&#8243; 3% Tim I&#8217;*I%CQL1RTQF K&amp;%\u00a3&#8217;L&#8217;I&#8217;AI\u00a7A BANGMERE mmmnm mm:-r my my Gcmame, 2305 13% SEE&#8217;? Tm H013.-E rmms\ufb01cg K.3E$5HAR&#8221;R\ufb01\u00a7~. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,20],"tags":[],"class_list":["post-244959","post","type-post","status-publish","format-standard","hentry","category-high-court","category-karnataka-high-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Commissioner Of Income Tax vs The New India Insurance Co Ltd on 21 October, 2008 - Free Judgements of Supreme Court &amp; High Court | Legal India<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/judgments\/the-commissioner-of-income-tax-vs-the-new-india-insurance-co-ltd-on-21-october-2008-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Commissioner Of Income Tax vs The New India Insurance Co Ltd on 21 October, 2008 - Free Judgements of Supreme Court &amp; 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