Syndicate Bank v. The Commissioner of Income-tax, Mangalore / The Deputy Commissioner of Income-tax, Circle -1, Udupi
[Citation -2020-LL-0131-109]
| Citation | 2020-LL-0131-109 |
|---|---|
| Appellant Name | Syndicate Bank |
| Respondent Name | The Commissioner of Income-tax, Mangalore / The Deputy Commissioner of Income-tax, Circle -1, Udupi |
| Court | HIGH COURT OF KARNATAKA |
| Relevant Act | Income-tax |
| Date of Order | 31/01/2020 |
| Judgment | View Judgment |
| Keyword Tags | substantial question of law |
| Bot Summary: | It was admitted by the Bench of this Court vide order dated 23.06.2014 on the following substantial question of law: 9.1 Whether on the facts, in the circumstances and on the grounds and contentions urged, the Tribunal was right in holding that the amount deductible under Section 36(1) of the Act would have to be limited to the amount actually provided for in the books; 3 9.2 Whether on the facts, in the circumstances and on the grounds and contentions urged: The Tribunal was right in remitting the issue to the Assessing Officer for arriving at the expenditure disallowable under Section 14A of the Act The Tribunal ought to have held that no disallowance was warranted under Section 14A of the Act 2. When the matter is taken up today learned counsel for the parties jointly submitted that substantial question of law 9.1 is answered by this Court vide judgment dated 24.01.2020 passed in ITA No.258/2011. Accordingly, the aforesaid substantial question of law is answered in terms of the aforesaid judgment. It is submitted that the substantial question of law 9.2 and are covered by the judgment of this Court in ITA No.97/2010 vide judgment dated 17.01.2020. 4 Accordingly, the substantial questions of law are answered in favour of the assessee. |