Bench: Shri Rajesh Kumar, Am & Shri Sonjoy Sarma, Jm Nat West Markets Plc-India Acit (I.T)-1(2), Kolkata Branch Aaykar Bhavan Poorva, 2 Nd 907, Regus, 9Thfloor, Floor, Psarcadia,4A, Abandindra Nath Vs. 110, Shanti Pally, Thakur Sarani, Kolkata-700016, Kolkata-700107, West Bengal West Bengal (Appellant) (Respondent) Pan No. Aacct8020E Assessee By : Shri Percy Pardiwala, Ar Revenue By : Shri Gaurav Kanujia, Dr Date Of Hearing: 15.01.2025 Date Of Pronouncement : 31.01.2025
44A of the Banking Regulation Act, 1949 through the Reserve Bank of India (RBI) approved scheme of amalgamation. The effective date of amalgamation was 27.02.2017. As per the submission of the assessee in the computation of income it has deducted the interest on tax refund belonging to RBS NV amounting to ₹62,12,73,000/-from the gross total income