RAJDHANI NAGAR SAHKARI BANK LTD,LUCKNOW vs. DY.CIT RANGE-6, LUCKNOW
In the result, both the appeals in ITA Nos
ITA 142/LKW/2024[2012-13]Status: DisposedITAT Lucknow30 Apr 2025AY 2012-13
Section 2(24)(x)Section 36(1)Section 36(1)(v)
45Q categorically brings out the\nintention of the legislature inasmuch as it states that Chapter IIIB shall override other\nprovisions and therefore, valuation of securities on the basis of RBI Guidelines was\ncorrect. The assessee placed reliance on the decision of the Hon'ble Uttrakhand High\nCourt in the case of CIT vs. Nainital Bank Limited and the decision
