What is American Express International Banking Corpn v. CIT authority for?

Interest paid for the broken period on purchase of dated government securities and interest received for the broken period on sale of such securities, if treated as trading assets, can be claimed as revenue expenditure under section 28. Income falling under section 18 of the Income Tax Act cannot also fall under section 28.

Which sections of the Income Tax Act does American Express International Banking Corpn v. CIT come up under?

It is most often cited in judgments turning on Section 193, Section 194A, Section 2(28A), Section 201(1A), Section 191, Section 2(28B).

American Express International Banking Corpn v. CIT (125 Taxmann 488)

Q: How many judgments cite American Express International Banking Corpn v. CIT?

33 judgments on BharatTax cite American Express International Banking Corpn v. CIT (125 Taxmann 488), spanning 2015 to 2025.

ACIT CIRCLE ,3(4), MUMBAI, MUMBAI vs. UNION BANK OF INDIA, MUMBAI

In the result, the appeal of the revenue is dismissed

ITA 2119/MUM/2024[2020-21]Status: DisposedITAT Mumbai11 Jun 2025AY 2020-21

For Appellant: \nShri C. NareshFor Respondent: \nShri Vikas K. Suryawanshi

Section 144Section 14A

…{ "clean_text": "आयकर अपीलीय न्यायाधिकरण न्यायपीठ, मुंबई\nIN THE INCOME-TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI\nBEFORE SHRI SAKTIJIT DEY, VICE PRESIDENT &\nSHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER\nआयकर अपील सं./ITA No. 2037/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2020-21)\nआयकर अपील सं./ITA No. 2038/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2021-22)\nUnion Bank of India,\nFinance & Accounts, Union\nBank Bhavan, 239, Vidhan\nBhavan Marg, Nariman\nPoint, Mumbai,\nMaharashtra- 400021\nv/s.\nबनाम\nDCIT, Circle- (LTU) 2,\nMumbai\nRoom No. 421, 4th Floor,\nAayakar Bhavan, M. K.\nRoad, Mumbai-400020\nस…

ACIT, CIRCLE -3(4), MUMBAI, MUMBAI vs. UNION BANK OF INDIA, MUMBAI

In the result, the appeal of the revenue is dismissed

ITA 2118/MUM/2024[2021-22]Status: DisposedITAT Mumbai11 Jun 2025AY 2021-22

For Appellant: \nShri C. NareshFor Respondent: \nShri Vikas K. Suryawanshi

Section 144Section 14A

…{ "clean_text": "आयकर अपीलीय न्यायाधिकरण न्यायपीठ, मुंबई |\nIN THE INCOME-TAX APPELLATE TRIBUNAL “F” BENCH, MUMBAI\nBEFORE SHRI SAKTIJIT DEY, VICE PRESIDENT\n&\nSHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER\nआयकर अपील सं./ITA No. 2037/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2020-21)\nआयकर अपील सं./ITA No. 2038/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2021-22)\nUnion Bank of India,\nFinance & Accounts, Union\nBank Bhavan, 239, Vidhan\nBhavan Marg, Nariman\nPoint, Mumbai,\nMaharashtra- 400021\nv/s.\nबनाम\nDCIT, Circle- (LTU) 2,\nMumbai\nRoom No. 421, 4th Floor,\nAayakar Bhavan, M. K.\nRoad, Mumbai-400020…

M/S UNION BANK OF INDIA,MUMBAI vs. DCIT, CIRCLE-(LTU) 2, MUMBAI

In the result, the appeal of the revenue is dismissed

ITA 2038/MUM/2024[2021-22]Status: DisposedITAT Mumbai11 Jun 2025AY 2021-22

For Appellant: \nShri C. NareshFor Respondent: \nShri Vikas K. Suryawanshi

Section 144Section 14A

…{ "clean_text": "आयकर अपीलीय न्यायाधिकरण न्यायपीठ, मुंबई\nIN THE INCOME-TAX APPELLATE TRIBUNAL “F” BENCH,\nMUMBAI\nBEFORE SHRI SAKTIJIT DEY, VICE PRESIDENT\n&\nSHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER\nआयकर अपील सं./ITA No. 2037/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2020-21)\nआयकर अपील सं./ITA No. 2038/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2021-22)\n\n| Union Bank of India,\nFinance & Accounts, Union\nBank Bhavan, 239, Vidhan\nBhavan Marg, Nariman\nPoint, Mumbai,\nMaharashtra- 400021\n|| v/s.\nबनाम\n| DCIT, Circle- (LTU) 2,\nMumbai\nRoom No. 421, 4th Floor,\nAayakar Bhavan, M. K.\nRoad, Mumba…

M/S UNION BANK OF INDIA,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-(LTU)-2, MUMBAI, MUMBAI

In the result, the appeal of the revenue is dismissed

ITA 2037/MUM/2024[2020-21]Status: DisposedITAT Mumbai11 Jun 2025AY 2020-21

For Appellant: \nShri C. NareshFor Respondent: \nShri Vikas K. Suryawanshi

Section 144Section 14A

…{ "clean_text": "आयकर अपीलीय न्यायाधिकरण न्यायपीठ, मुंबई |\nIN THE INCOME-TAX APPELLATE TRIBUNAL \"F\" BENCH,\nMUMBAI\nBEFORE SHRI SAKTIJIT DEY, VICE PRESIDENT\n&\nSHRI NARENDRA KUMAR BILLAIYA, ACCOUNTANT MEMBER\nआयकर अपील सं./ITA No. 2037/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2020-21)\nआयकर अपील सं./ITA No. 2038/MUM/2024\n(निर्धारण वर्ष / Assessment Year :2021-22)\nUnion Bank of India,\nFinance & Accounts, Union\nBank Bhavan, 239, Vidhan\nBhavan Marg, Nariman\nPoint, Mumbai,\nMaharashtra- 400021\nस्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AAACU0564G\nAppellant/अपीलार्थी\nv/s.\nबनाम\nDCIT, Circle- (LTU) 2,\nM…

PIRAMAL CAPITAL AND HOUSING FINANCE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX TDS - 2 (1),MUMBAI, MUMBAI

Accordingly, in terms of paragraph 13 & 17 above, all the four appeals preferred by the Assessee are allowed

ITA 2351/MUM/2024[AY 2017-18]Status: DisposedITAT Mumbai25 Nov 2024

Bench: IN THE INCOME TAX APPELLATE TRIBUNAL "C" BENCH, MUMBAI SHRI AMARJIT SINGH, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

For Appellant: Shri Yogesh Thar, Shri RonakFor Respondent: Ms. Madhu Malati Ghosh &

Section 191Section 193Section 194Section 194ASection 201Section 201(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL "C" BENCH, MUMBAI SHRI AMARJIT SINGH, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER ITA No. 2348/MUM/2024 (Assessment Year: 2017-18) (Assessment Year: 2018-19) ITA No. 2345/MUM/2024 (Assessment Year: 2019-20) (Assessment Year: 2020-21) Piramal Capital And Housing Finance Limited. Unit 601, 6th Floor, Amiti Building, Piramal Agastya Corporate Park, Kamani Junction, Kurla West – 400019, Maharashtra. [PAN: AAACD1977A] …………. Appellant Vs Assistant Commissioner of Income Tax TDS- 1(1)(1), Mumbai 615, Smt. K.G.Mittal Ayurvedic Hospital Bldg., Charni Road (W), Mumbai- 40…

PIRAMAL CAPITAL AND HOUSING FINANCE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX TDS - 2 (1), MUMBAI, MUMBAI

Accordingly, in terms of paragraph 13 & 17 above, all the four appeals preferred by the Assessee are allowed

ITA 2348/MUM/2024[AY 2018-19]Status: DisposedITAT Mumbai25 Nov 2024

Bench: SHRI AMARJIT SINGH, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

For Appellant: Shri Yogesh Thar, Shri RonakFor Respondent: Ms. Madhu Malati Ghosh &

Section 191Section 193Section 194Section 194ASection 201Section 201(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL "C" BENCH, MUMBAI SHRI AMARJIT SINGH, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER ITA No. 2348/MUM/2024 (Assessment Year: 2017-18) (Assessment Year: 2018-19) ITA No. 2345/MUM/2024 (Assessment Year: 2019-20) (Assessment Year: 2020-21) Piramal Capital And Housing Finance Limited. Unit 601, 6th Floor, Amiti Building, Piramal Agastya Corporate Park, Kamani Junction, Kurla West – 400019, Maharashtra. [PAN: AAACD1977A] …………. Appellant Vs Assistant Commissioner of Income Tax TDS- 1(1)(1), Mumbai 615, Smt. K.G.Mittal Ayurvedic Hospital Bldg., Charni Road (W), Mumbai- 40…

PIRAMAL CAPITAL AND HOUSING FINANCE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX TDS - 2 (1), MUMBAI, MUMBAI

Accordingly, in terms of paragraph 13 & 17 above, all the four appeals preferred by the Assessee are allowed

ITA 2347/MUM/2024[AY 2019-20]Status: DisposedITAT Mumbai25 Nov 2024

Bench: SHRI AMARJIT SINGH, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

For Appellant: Shri Yogesh Thar, Shri RonakFor Respondent: Ms. Madhu Malati Ghosh &

Section 191Section 193Section 194Section 194ASection 201Section 201(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL "C" BENCH, MUMBAI SHRI AMARJIT SINGH, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER ITA No. 2348/MUM/2024 (Assessment Year: 2017-18) (Assessment Year: 2018-19) ITA No. 2345/MUM/2024 (Assessment Year: 2019-20) (Assessment Year: 2020-21) Piramal Capital And Housing Finance Limited. Unit 601, 6th Floor, Amiti Building, Piramal Agastya Corporate Park, Kamani Junction, Kurla West – 400019, Maharashtra. [PAN: AAACD1977A] …………. Appellant Vs Assistant Commissioner of Income Tax TDS- 1(1)(1), Mumbai 615, Smt. K.G.Mittal Ayurvedic Hospital Bldg., Charni Road (W), Mumbai- 40…

PIRAMAL CAPITAL AND HOUSING FINANCE LIMITED,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX TDS - 2 (1), MUMBAI, MUMBAI

Accordingly, in terms of paragraph 13 & 17 above, all the four appeals preferred by the Assessee are allowed

ITA 2345/MUM/2024[AY 2020-21]Status: DisposedITAT Mumbai25 Nov 2024

Bench: SHRI AMARJIT SINGH, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY (Judicial Member)

For Appellant: Shri Yogesh Thar, Shri RonakFor Respondent: Ms. Madhu Malati Ghosh &

Section 191Section 193Section 194Section 194ASection 201Section 201(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL "C" BENCH, MUMBAI SHRI AMARJIT SINGH, ACCOUNTANT MEMBER SHRI RAHUL CHAUDHARY, JUDICIAL MEMBER ITA No. 2348/MUM/2024 (Assessment Year: 2017-18) (Assessment Year: 2018-19) ITA No. 2345/MUM/2024 (Assessment Year: 2019-20) (Assessment Year: 2020-21) Piramal Capital And Housing Finance Limited. Unit 601, 6th Floor, Amiti Building, Piramal Agastya Corporate Park, Kamani Junction, Kurla West – 400019, Maharashtra. [PAN: AAACD1977A] …………. Appellant Vs Assistant Commissioner of Income Tax TDS- 1(1)(1), Mumbai 615, Smt. K.G.Mittal Ayurvedic Hospital Bldg., Charni Road (W), Mumbai- 40…

DCIT 2(2), MUMBAI vs. STATE BANK OF INDIA, MUMBAI

In the result appeal filed by the assessee for assessment year 2006 – 07 and 2007 – 08 is partly allowed

ITA 4952/MUM/2013[2006-07]Status: DisposedITAT Mumbai11 Oct 2024AY 2006-07

Bench: Shri Prashant Maharishi, Am & Ms Kavitha Rajagopal , Jm A.Y.2006-07 [ By Assessee] &

Section 14Section 143Section 36Section 41

…` IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI PRASHANT MAHARISHI, AM AND MS KAVITHA RAJAGOPAL , JM A.Y.2006-07 [ by Assessee] & ITA No. 4952/MUM /2013 [By AO ] ITA No 4128/MUM /2014 A.Y.2007-08 [ By AO] & [By Assessee] Vs. State Bank of India The Additional 3rd Floor, Commissionerof Income tax Corporate Centre Circle 2 (2) Mumbai Madam Cama Road Room No 545, Aykar Bhavan Nariman Point Maharishi Karve Road Mumbai 400021 Mumbai 400020 (Appellant) (Respondent) PAN AAACS8577K Assessee by Shri Ketan Ved &Abdulkadir Jawad Wala Revenue by Shri P C Chhhotaray Special Counsel Shri Dr Kishor Dhule…

STATE BANK OF INDIA,MUMBAI vs. ADDL CIT CIR 2(2), MUMBAI

In the result appeal filed by the assessee for assessment

ITA 3868/MUM/2013[2006-07]Status: DisposedITAT Mumbai11 Oct 2024AY 2006-07

Bench: Shri Prashant Maharishi, Am & Ms Kavitha Rajagopal , Jm

Section 14Section 143Section 36Section 41

…Page | 1 IN THE INCOME TAX APPELLATE TRIBUNAL “G” BENCH, MUMBAI BEFORE SHRI PRASHANT MAHARISHI, AM AND MS KAVITHA RAJAGOPAL , JM ITA No. 3868/MUM/2013 [ by Assessee] & ITA No . 4952/MUM /2013 [By AO ] Vs. ITA No 4128/MUM /2014 [ By AO] & ITA no 4105/MUM/2014 [By Assessee] A.Y .2006-07 A.Y .2007-08 State Bank of India 3 r d Floor, Corporate Centre Madam Cama Road Nariman Point Mumbai 400021 The Add it ional Commissionerof Income tax Circle 2 (2) Mumbai Room No 545 , Aykar Bhavan Maharishi Karve Road Mumbai 400020 (Appellant) (Respondent) PAN AAACS8577K Assessee by Shri Ketan Ved &Abdulka…