CANARA BANK vs. CIT,
In the result, the appeal by the assessee is allowed
ITA 743/BANG/2013[2008-09]Status: DisposedITAT Bangalore06 Nov 2017AY 2008-09
Bench: Shri Vijay Pal Rao & Shri Inturi Rama Raom/S.Canara Bank, Bsca Section, Head Office, J C Road, Bengaluru-560 002. Pan: Aaacc 6106 G … Appellant Vs. Commissioner Of Income-Tax, Ltu, Bengaluru. … Respondent
For Appellant: Shri G.Sarangan, Sr. AdvocateFor Respondent: Shri Pramod Singh, CIT(DR)
Section 115PSection 143(3)Section 147Section 263Section 36(1)(viii)Section 43B
depreciation in respect of the investment of foreign branch is held to be in par with the domestic investment and is therefore held to be not deductible and the AO is directed to disallow the same and add back.
2.4 INTEREST U/S 115P IN RESPECT OF DIVIDEND
TAX PAYMENT:
On verification of the records it was observed that during
