CIT, LTU v. Union Bank of India

263 Taxmann 685High Court2019#10435 most cited

What is CIT, LTU v. Union Bank of India authority for?

Section 115JB of the Income Tax Act does not apply to banking companies governed by the Banking Regulation Act, 1949, prior to the amendment made by the Finance Act, 2012. This is because such companies were not subject to the provisions of Section 115JB before this amendment.

10

judgments rely on this decision, according to BharatTax’s citation analysis of 366,314 Indian tax judgments — from 2019 to 2024.

Also referred to as

CIT LTU v Union Bank of India · 263 Taxmann 685 · section 115JB · banking company · Banking Regulation Act 1949 · Finance Act 2012 · MAT provisions

Sections most often in play

Section 115JBSection 153(5)Section 211(2)Section 244A(1A)
Read the full judgment

Issues it is cited on

section 115jsection 115jbsection 115section 11companyindiainterest

Judgments citing CIT, LTU v. Union Bank of India

Mega Engineers & Builders, Port Blair vs. DCIT, Cir. 3(2), Port Blair

In the result, the appeal of assessee is allowed

ITA 312/KOL/2024[2017-18]Status: DisposedITAT Kolkata09 Oct 2024AY 2017-18

Bench: Shri Rajesh Kumar&Shri Pradip Kumar Choubey]

Section 194C

…आयकर अपील"य अ"धकरण, कोलकाता पीठ “एसमसी’’, कोलकाता IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH: KOLKATA "ी राजेश कुमार, लेखा सट"य एवं "ी "द"प कुमार चौबे, "या"यक सद"य के सम" [Before Shri Rajesh Kumar, Accountant Member &Shri Pradip Kumar Choubey, Judicial Member] I.T.A. No. 312/Kol/2024 Assessment Year: 2017-18 Mega Engineers & Builders Vs. DCIT, Circle-3(2), Port Blair (PAN: AAIFM 3587 D) ( अपीलाथ" ) Respondent / ""यथ" Appellant / Date of Hearing / सुनवाई 07.08.2024 क" "त"थ Date of Pronouncement/ 09.10.2024 आदेश उ"घोषणा क" "त"थ For the Appellant/ Shri Akkal Dudhwewala, A.R "नधा"रती क" ओर से For the Respond…

Deputy Commissioner of Income Tax 3(4), Mumbai vs. Idbi Bank Limited, Mumbai

In the result, the appeal filed by the learned Assessing Officer is dismissed

ITA 3322/MUM/2023[2005-2006]Status: DisposedITAT Mumbai08 May 2024AY 2005-2006

Bench: Shri Prashant Maharishi, Am & Shri Raj Kumar Chauhan, Jm Dy. Commissioner Of Income Tax, Idbi Bank Ltd. 3(4) 7Th Floor, Taxation Cell, Room No.559, Aaykar Bhavan Vs. Idbi Tower, Wtc Complex, M.K. Road, Cuffe Parade, Mumbai-400 005 Mumbai-400 020 (Appellant) (Respondent) Pan No. Aabci8842G

For Appellant: Ms. Priyanka Jain, ARFor Respondent: Shri H.M. Bhatt, DR
Section 115JSection 153(5)Section 2Section 244Section 244A

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, MUMBAI BEFORE SHRI PRASHANT MAHARISHI, AM AND SHRI RAJ KUMAR CHAUHAN, JM Dy. Commissioner of Income Tax, IDBI Bank Ltd. 3(4) 7th Floor, Taxation Cell, Room No.559, Aaykar Bhavan Vs. IDBI Tower, WTC Complex, M.K. Road, Cuffe Parade, Mumbai-400 005 Mumbai-400 020 (Appellant) (Respondent) PAN No. AABCI8842G Assessee by : Ms. Priyanka Jain, AR Revenue by : Shri H.M. Bhatt, DR Date of hearing: 18.04.2024 08.05.2024 Date of pronouncement : O R D E R PER PRASHANT MAHARISHI, AM: 01. ITA No.3322/Mum/2023 is filed by the Dy. Commissioner of Income Tax, Circle 3(4), Mumb…

Assistant Commissioner of Income Tax, Circle - 7(1), Kolkata vs. Damodar Valley Corporation, Kolkata

ITA 892/KOL/2023[2018-2019]Status: DisposedITAT Kolkata30 Nov 2023AY 2018-2019

Bench: Sri Sanjay Garg & Dr. Manish Borad

Section 115JSection 143(2)Section 211Section 250

…आयकर अपीलीय अधिकरण कोलकाता 'सी' पीठ, कोलकाता में IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘C’ BENCH, KOLKATA श्री संजय गगग, न्याधयक सदस्य एवं डॉ. मनीष बोरड, लेखा सदस्य के समक्ष Before SRI SANJAY GARG, JUDICIAL MEMBER & DR. MANISH BORAD, ACCOUNTANT MEMBER I.T.A. Nos.: 889, 890, 891 & 892/KOL/2023 Assessment Years: 2012-13, 2016-17, 2017-18 & 2018-19 ACIT, Circle-7(1), Kolkata........................................Appellant Vs. Damodar Valley Corporation……….…………………..Respondent [PAN: AABCD 0541 M] Appearances: Department represented by: Sh. Rakesh Kumar Das, CIT, D/R. Assessee represented by: Sh. N.S. Saini, A/…

Assistant Commissioner of Income Tax, Circle - 7(1), Kolkata vs. Damodar Valley Corporation, Kolkata

ITA 891/KOL/2023[2017-2018]Status: DisposedITAT Kolkata30 Nov 2023AY 2017-2018

Bench: Sri Sanjay Garg & Dr. Manish Borad

Section 115JSection 143(2)Section 211Section 250

…आयकर अपीलीय अधिकरण कोलकाता 'सी' पीठ, कोलकाता में IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘C’ BENCH, KOLKATA श्री संजय गगग, न्याधयक सदस्य एवं डॉ. मनीष बोरड, लेखा सदस्य के समक्ष Before SRI SANJAY GARG, JUDICIAL MEMBER & DR. MANISH BORAD, ACCOUNTANT MEMBER I.T.A. Nos.: 889, 890, 891 & 892/KOL/2023 Assessment Years: 2012-13, 2016-17, 2017-18 & 2018-19 ACIT, Circle-7(1), Kolkata........................................Appellant Vs. Damodar Valley Corporation……….…………………..Respondent [PAN: AABCD 0541 M] Appearances: Department represented by: Sh. Rakesh Kumar Das, CIT, D/R. Assessee represented by: Sh. N.S. Saini, A/…

Assistant Commissioner of Income Tax, Circle - 7(1), Kolka, Kolkata vs. Damodar Valley Corporation, Kolkata

ITA 890/KOL/2023[2016-2017]Status: DisposedITAT Kolkata30 Nov 2023AY 2016-2017

Bench: Sri Sanjay Garg & Dr. Manish Borad

Section 115JSection 143(2)Section 211Section 250

…आयकर अपीलीय अधिकरण कोलकाता 'सी' पीठ, कोलकाता में IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘C’ BENCH, KOLKATA श्री संजय गगग, न्याधयक सदस्य एवं डॉ. मनीष बोरड, लेखा सदस्य के समक्ष Before SRI SANJAY GARG, JUDICIAL MEMBER & DR. MANISH BORAD, ACCOUNTANT MEMBER I.T.A. Nos.: 889, 890, 891 & 892/KOL/2023 Assessment Years: 2012-13, 2016-17, 2017-18 & 2018-19 ACIT, Circle-7(1), Kolkata........................................Appellant Vs. Damodar Valley Corporation……….…………………..Respondent [PAN: AABCD 0541 M] Appearances: Department represented by: Sh. Rakesh Kumar Das, CIT, D/R. Assessee represented by: Sh. N.S. Saini, A/…

Assistant Commissioner of Income, Circle - 7(1), Kolkata vs. Damodar Valley Corporation, Kolkata

ITA 889/KOL/2023[2012-2013]Status: DisposedITAT Kolkata30 Nov 2023AY 2012-2013

Bench: Sri Sanjay Garg & Dr. Manish Borad

Section 115JSection 143(2)Section 211Section 250

…आयकर अपीलीय अधिकरण कोलकाता 'सी' पीठ, कोलकाता में IN THE INCOME TAX APPELLATE TRIBUNAL KOLKATA ‘C’ BENCH, KOLKATA श्री संजय गगग, न्याधयक सदस्य एवं डॉ. मनीष बोरड, लेखा सदस्य के समक्ष Before SRI SANJAY GARG, JUDICIAL MEMBER & DR. MANISH BORAD, ACCOUNTANT MEMBER I.T.A. Nos.: 889, 890, 891 & 892/KOL/2023 Assessment Years: 2012-13, 2016-17, 2017-18 & 2018-19 ACIT, Circle-7(1), Kolkata........................................Appellant Vs. Damodar Valley Corporation……….…………………..Respondent [PAN: AABCD 0541 M] Appearances: Department represented by: Sh. Rakesh Kumar Das, CIT, D/R. Assessee represented by: Sh. N.S. Saini, A/…

Union Bank of India, Mumbai vs. Dy CIT Ltu-2, Mumbai

In the result, appeals filed by the assessee for assessment years 2009-10

ITA 1580/MUM/2020[UNION BANK OF INDIA]Status: DisposedITAT Mumbai07 Apr 2022

Bench: Shri Vijay Pal Rao & Shri Gagan Goyal

Section 14ASection 154Section 36(1)

…आयकर अपीलीय अिधकरण मुंबई पीठ “एफ” "ी िवजय पाल राव, "ाियक सद" एवं "ी गगन गोयल, लेखाकार सद"य के सम" IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “F”, MUMBAI BEFORE SHRI VIJAY PAL RAO, JUDICIAL MEMBER & SHRI GAGAN GOYAL,ACCOUNTANT MEMBER I.T.A No.1580/Mum/2020 - A.Y. 2009-10 I.T.A No.1581/Mum/2020 - A.Y. 2000-01 I.T.A No.1582/Mum/2020 - A.Y. 2010-11 I.T.A No.1583/Mum/2020 - A.Y. 2011-12 Union Bank of India vs DCIT, LTU (2), Mumbai 29th Floor, World Trade Centre Union Bank Bhavan 6th Floor, 239, Vidhan Bhavan Marg Centre-1, Mumbai 400 005 Nariman Point, Mumbai-400 021 PAN : AAACU0564G APPELLANT RESPONDENT I…

Dcb Bank Ltd., Mumbai vs. ACIT 2 (3)(1), Mumbai

In the result, assessee’s appeal is allowed

ITA 7257/MUM/2019[2011-12]Status: DisposedITAT Mumbai06 Aug 2021AY 2011-12

Bench: Shri S. Rifaur Rahman & Shri Pavan Kumar Gadale

For Appellant: Shri Satish ModiFor Respondent: Ms. Mamta Bansal
Section 115JSection 143(3)Section 154

…IN THE INCOME TAX APPELLATE TRIBUNAL “D” BENCH, MUMBAI BEFORE SHRI S. RIFAUR RAHMAN, ACCOUNTANT MEMBER AND SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER ITA no.7257/Mum./2019 (Assessment Year : 2011–12) ITA no.7258/Mum./2019 (Assessment Year : 2012–13) ITA no.7259/Mum./2019 (Assessment Year : 2013–14) DCB Bank Limited 6th Floor, Peninsulla Business Park Tower–A, Senapati Bapat Marg ……………. Appellant Lower Parel, Mumbai 400 013 PAN – AAACD1461F v/s Asstt. Commissioner of Income Tax ……………. Respondent Circle–3(1), Mumbai Assessee by : Shri Satish Modi Revenue by : Ms. Mamta Bansal Date of Hearing – 20.05.2021 Date of Or…

ACIT, Ltu - 2, Kolkata vs. M/S. Uco Bank, Kolkata

In the result, appeal of the Revenue is dismissed

ITA 585/KOL/2018[2011-12]Status: DisposedITAT Kolkata17 Jun 2020AY 2011-12

Bench: Shri S. S. Godara, Jm & Dr. A.L. Saini, Am Vs. M/S Uco Bank Acit, Ltu-2, Kolkata 10, Btm, Sarani, Kolkata – 700001. "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaacu3561B .. (अपीलाथ" /Appellant) (""यथ" / Respondent)

For Appellant: Shri Vijay Shankar, CITFor Respondent: Shri D. S. Damle, FCA
Section 115JSection 143(3)Section 14ASection 211Section 40

…IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH KOLKATA BEFORE SHRI S. S. GODARA, JM & DR. A.L. SAINI, AM Vs. M/s UCO Bank ACIT, LTU-2, Kolkata 10, BTM, Sarani, Kolkata – 700001. "थायी लेखा सं./जीआइआर सं./PAN/GIR No. : AAACU3561B .. (अपीलाथ" /Appellant) (""यथ" / Respondent) Appellant by : Shri Vijay Shankar, CIT Respondent by : Shri D. S. Damle, FCA सुनवाई क" तार"ख / Date of Hearing : 25/02/2020 घोषणा क" तार"ख/Date of Pronouncement : 17/06/2020 आदेश / O R D E R Per Dr. A. L. Saini, AM: The captioned appeal filed by the Revenue pertaining to Assessment Year 2011-12 is directed against the order passed by Commiss…

ACIT, Ltu - 2, Kolkata vs. M/S. Uco Bank, Kolkata

In the result, the appeal of the Revenue is dismissed

ITA 584/KOL/2018[2010-11]Status: DisposedITAT Kolkata11 Dec 2019AY 2010-11

Bench: Shri P.M. Jagtap, Vice- & Shri A.T. Varkey

Section 143(3)Section 14ASection 201Section 40

…ITA No. 584/KOL/2018 Assessment Year: 2010-2011 M/s. UCO Bank IN THE INCOME TAX APPELLATE TRIBUNAL, KOLKATA ‘A’ BENCH, KOLKATA Before Shri P.M. Jagtap, Vice-President and Shri A.T. Varkey, Judicial Member I.T.A. No. 584/KOL/2018 Assessment Year: 2010-2011 Assistant Commissioner of Income Tax,....................................Appellant LTU-2, Kolkata, Aayakar Bhawan Poorva, 9 th Floor, Large Tax Payer Unit-2, 110, Shantipally, Kolkata-700107 -Vs.- M/s. UCO Bank,............................................................................Respondent 10, B.T.M. Sarani, Kolkata-700001 [PAN:AAACU3561B] Appearan…

CIT, LTU v. Union Bank of India (263 Taxmann 685) — Cited in 10 Judgments | BharatTax