ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, JAMMU vs. MESERS JAMMU & KASHMIR BANK LIMITED , SRINAGAR

In the result, the ground No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

section 40(a)(ia) of the Act. 7.2. The ld. Counsel only relied on the order of CIT(A) in page-100, point n0-5 which is extracted as below. “Ground no. 5 is relating to disallowance of Rs.98441850/- made u/s 40(a)(ia) of the Income Tax Act, 1961 in respect of interest paid to Jammu Development Authority. I.T.A

THE DY. COMMISSIONER INCOME-TAX, JAMMU vs. M/S. THE JAMMU & KASHMIR BANK LTD,, SRINAGAR

In the result, the ground No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

section 40(a)(ia) of the Act. 7.2. The ld. Counsel only relied on the order of CIT(A) in page-100, point n0-5 which is extracted as below. “Ground no. 5 is relating to disallowance of Rs.98441850/- made u/s 40(a)(ia) of the Income Tax Act, 1961 in respect of interest paid to Jammu Development Authority. I.T.A

THE JAMMU AND KASHMIR BANK LIMITED,SRINAGAR vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, JAMMU

In the result, the ground No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

section 40(a)(ia) of the Act. 7.2. The ld. Counsel only relied on the order of CIT(A) in page-100, point n0-5 which is extracted as below. “Ground no. 5 is relating to disallowance of Rs.98441850/- made u/s 40(a)(ia) of the Income Tax Act, 1961 in respect of interest paid to Jammu Development Authority. I.T.A

THE DY. COMMISSIONER INCOME-TAX, JAMMU vs. M/S. THE JAMMU & KASHMIR BANK LTD,, SRINAGAR

In the result, the ground No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

section 40(a)(ia) of the Act. 7.2. The ld. Counsel only relied on the order of CIT(A) in page-100, point n0-5 which is extracted as below. “Ground no. 5 is relating to disallowance of Rs.98441850/- made u/s 40(a)(ia) of the Income Tax Act, 1961 in respect of interest paid to Jammu Development Authority. I.T.A

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1, JAMMU, SRINAGAR vs. MESERS JAMMU & KASHMIR BANK LIMITED , SRINAGAR

In the result, the ground No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

section 40(a)(ia) of the Act. 7.2. The ld. Counsel only relied on the order of CIT(A) in page-100, point n0-5 which is extracted as below. “Ground no. 5 is relating to disallowance of Rs.98441850/- made u/s 40(a)(ia) of the Income Tax Act, 1961 in respect of interest paid to Jammu Development Authority. I.T.A

THE DY. COMMISSIONER INCOME-TAX, JAMMU vs. M/S. THE JAMMU & KASHMIR BANK LTD,, SRINAGAR

The appeals are dismissed

Bench: Sh. T. S. Kapoor & Sh. N. K. Choudhryi.T.A. No. 298/(Asr)/2014 Assessment Year: 2009-10 Pan: Aaact6167G Dy. C. I. T., Vs. M/S. The Jammu & Kashmir Circle-1, 2Nd Floor Aayakar Bank Ltd., Corporate Head Bhawan, Railhead Complex, Quarters, M. A. Road, Jammu. Srinagar. (Appellant) (Respondent)

section 194A(3)(iii)(f) of the Act and as per notification, the Jammu Development Authority is a creation of J & K Development Act and satisfies the condition at Entry No.39 of the said notification and we hold that no tax was deductible on accrued interest on FDRs of Jammu Development Authority with J & K Bank Ltd. Keeping in view

THE GURDASPUR CENTRAL COOP BANK LTD,GURDASPUR vs. THE DY. COMMISSIONER OF INCOME-TAX, CIRCLE- VI,, PATHANKOT

In the result, the assessee’s appeal is allowed for statistical purposes

Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 681/Asr/2017 (And Stay Application No. 01/Asr/2018) Assessment Year: 2014-15

section 194A providing saving to the provision under specific circumstances and, submitting, on that basis, that no disallowance u/s. 40(a)(ia) is called

DEPUTY COMMISSIONER OF INCOME TAX CIRCLE -IV, KAPURTHALA vs. M/S PUNJAB GRAMIN BANK, KAPURTHALA

Bench: Shri N.K. Saini & Shri Ravish Sood

194A on the interest paid to PTU on the fixed deposits held by the latter with the bank, nor obtained any certificate for non deduction of tax at source as envisaged in Sec. 197 of the IT Act, therefore, the lower authorities had rightly disallowed the said amount under Sec. P a g e | 10 ITA No. 784 & 731/Asr./2017