THE COMMISSIONER OF INCOME TAX vs. ING VYSYA BANK LTD

In the result, this appeal is allowed in part,

Bench: B.MANOHAR,D.V.SHYLENDRA KUMAR

Section 80M of the Act. The Assessing Officer having restricted the deduction having disallowed any amount equal to 5% of the deduction

THE COMMISSIONER OF INCOME TAX vs. M/S ING VYSYA BANK LIMITED

In the result, we do not find any merit in the appeal and

Bench: ALOK ARADHE,ASHOK S.KINAGI

disallowance of claim under section 80M of Rs.6,45,560/- by holding that no notional expenditure on estimation basis can be disallowed

M/S CANARA BANK BSCA SECTION vs. THE ASST COMMISSIONER OF INCOME TAX CIRCLE-11(2)

Bench: N.KUMAR,RATHNAKALA

disallowance of the expenditure before the Commissioner of Income Tax (Appeals), Bangalore. The Appellate Authority following the judgment rendered by it in assessee’s case for the assessment year 1998-99, confirmed the order of assessment. The reasons given in the appellate order for 1998-99 are as under: “2.9.8. The above have been carefully considered. In my view

THE COMMISSIONER OF INCOME TAX vs. M/S MAA COMMUNICATION BOZELL LTD

The appeal is allowed

Bench: B.MANOHAR,DILIP B.BHOSALE

80M and also 100% depreciation under Section 32 of the Act. The return was processed under Section 143(1) on 27-03-1997. 3. A search under Section 133A of the Act was conducted in the premises of M/s. Bellary Steel and Alloys Limited, at Bellary (‘BSAL’ for short). During the said search, it was found that the M.S.Rolls given