The Commissioner of Income-tax LTU, Bangalore / The Joint Commissioner of Income-tax LTU, Bangalore v. Vijaya Bank
[Citation -2020-LL-0122-99]
| Citation | 2020-LL-0122-99 |
|---|---|
| Appellant Name | The Commissioner of Income-tax LTU, Bangalore / The Joint Commissioner of Income-tax LTU, Bangalore |
| Respondent Name | Vijaya Bank |
| Court | HIGH COURT OF KARNATAKA |
| Relevant Act | Income-tax |
| Date of Order | 22/01/2020 |
| Assessment Year | 2006-07 |
| Judgment | View Judgment |
| Keyword Tags | minimum alternate tax |
| Bot Summary: | K.V. Aravind, learned counsel for the revenue. T Suryanarayana, learned Counsel for the respondent. This appeal, under Section 260-A of the Income Tax Act, 1961 has been filed by the revenue which was admitted by a Bench of this Court by order dated 9.11.2018 on the following substantial question of law: Whether on the facts and circumstances of the case, the Hon ble Tribunal was right in law in holding that Banking companies are not liable for Minimum Alternate Tax under Section 115JB of the Act against the provisions of the Act 3 2. It is a common ground that the aforesaid substantial question of law is answered by us vide judgment dated 16.01.2020 passed in ITA No.18/2014. In view of the aforesaid submissions, the appeal is disposed of by answering the substantial question of law framed in this appeal in terms of the judgment dated 16.1.2020 passed in ITA No.18/2014. |