THE KARUR VYSYA BANK LTD.,KARUR vs. JCIT, TRICHY
Accordingly, the claim of the assessee that it had to be allowed on actual payment basis was, in our opinion, rightly allowed by the CIT(Appeals)
ITA 2325/CHNY/2016[2010-11]Status: DisposedITAT Chennai29 Mar 2017AY 2010-11
Bench: Shri N.R.S. Ganesan & Shri Abraham P. George
For Appellant: Shri S. Ananthan, CAFor Respondent: Sh. Pathlavath Peerya, CIT
Section 14A
80P(2)(a)(i) of the Act, the principle is equally applicable to all banks/commercial banks, to which Banking
Regulation Act, 1949 applies.
4. In the light of the Supreme Court’s decision in the matter, the issue is well settled. Accordingly, the Board has decided that no appeals may henceforth be filed on this ground by the officers
