Bench: Shri I.C.Sudhir & Shri Prashant Maharishibharti Airtel Ltd, Addl Cit, Bharti Crescent, 1, Vs. Range-2, Cr Building, Ip Nelson Mandela Road, Vasant Estate, New Delhi Kunj, New Delhi Pan:Aaacb2894G (Appellant) (Respondent) Bharti Airtel Ltd, Addl Cit, Bharti Crescent, 1, Vs. Range-2, Cr Building, Ip Nelson Mandela Road, Vaxant Estate, New Delhi Kunj, New Delhi Pan:Aaacb2894G (Appellant) (Respondent)

94A shall not apply where income is credited or paid to any banking company to which the Banking Regulation Act, 1949 applied. especially when there is no dispute that Kotak Mohindra Bank Ltd, is a banking company to which the Banking Regulation Act, 1949 applies and further that section 19of Banking Regulation Act, 1949 provides that a banking company