THE FEDERAL BANK LTD,ALUVA vs. THE ACIT, KOCHI
In the result, appeals of the Assessee and revenue for AY 2008-09 to 2010-
ITA 275/COCH/2020[2014-15]Status: DisposedITAT Cochin12 Dec 2022AY 2014-15
Bench: Shri N. V. Vasudevan & Ms. S. Padmavathy
For Appellant: Shri Rajesekharan, CA and Shri K.Gopi, CAFor Respondent: Smt. J. M. Jamuna Devi, Sr. DR, Cochin
Section 147Section 14ASection 154
section 617 of the Companies Act, 1956 (1 of 1956);”
ITA Nos. 745 to 747/Coch/2019
ITA Nos. 33 to 35, 272 to 275,
309 to 311/Coch/2020
Page 24 of 28
24. There is no dispute that the Assessee is eligible to claim deduction u/s.36(1)(vii) of the Act. The deduction is allowed at 40% of the profits derived from
