DCIT, NEW DELHI vs. M/S. PUNJAB NATIONAL BANK, NEW DELHI
In the result, the appeal of the revenue is dismissed and the appeal of the assessee is allowed
ITA 2954/DEL/2017[2013-14]Status: DisposedITAT Delhi13 May 2020AY 2013-14
Bench: Sh. Bhavnesh Sainidr. B. R. R. Kumarita No. 2954/Del/2012 : Asstt. Year : 2013-14 Dcit, Vs M/S Punjab National Bank, Circle-20(1), Ho: Finance Division, 5, Sansad New Delhi Marg, New Delhi-110001 (Appellant) (Respondent) Pan No. Aaacp0165G
For Appellant: Sh. S. Krishnan, AdvFor Respondent: Smt. Sushma Singh, CIT DR
Section 142(1)
section 14A of the Income Tax Act read with rule
8D and has disallowed a sum of Rs.2,86,69,45,381/-on a tax free income of Rs.
143,35,22,679/- from dividend and other tax-free income. In this connection we wish to submit as under:-
4.1 Bank has claimed the following income as exempt from
