THE COMMISSIONER OF INCOME-TAX, vs. M/S CORPORATION BANK
In the result, the third substantial question of law is also answered
ITA/427/2015HC Karnataka23 Nov 2020
Bench: ALOK ARADHE,H.T. NARENDRA PRASAD
Section 143(1)Section 14A(1)Section 194HSection 260Section 260ASection 36(1)Section 36(1)(vii)Section 40a
depreciation on investment
portfolio, disallowance of expenses with reference to
exempt income under Section 14A(1) of the Income Tax
Act read with Rule 8D, disallowance under Section
36(1),
disallowance
under
Section
40a(ia)
and
disallowance under Section 36(1)(vii) of the Act.
3.
The assessee thereupon filed an appeal
before the Commissioner of Income Tax (Appeals