DCIT-2(3)(1), MUMBAI vs. INDUSIND BANK LTD., MUMBAI

capitalized the\nassets as investments and mere fact that no depreciation is claimed cannot be the\nreason for holding that the assets are not part of fixed asset schedule to be taxed as\nCapital Gains.\n13. We heard the parties and perused the material on record. The assessee is in\nbusiness of banking and its part of its regular lending

INDUSIND BANK LTD,MUMBAI vs. THE DCIT-2(3)(1), MUMBAI

In the result, the Income Tax Appeal is\ndismissed

capitalized the\nassets as investments and mere fact that no depreciation is claimed cannot be the\nreason for holding that the assets are not part of fixed asset schedule to be taxed as\nCapital Gains.\n\n13.\nWe heard the parties and perused the material on record. The assessee is in\nbusiness of banking and its part of its regular

STATE BANK OF MYSORE,BANGALORE vs. JCIT, BANGALORE

Bench: Justice (Retd.) C V Bhadang & Ms Padmavathy S, Am

capital expenditure incurred towards rights issue 8 Grounds of Revenue's appeal Issues Ground Number General 1 Deduction under section 36(1)(viia) (connected to ground no.2 in 2 assessee's appeal). Allowing provision for Janata Deposit Collector Gratuity 3 Expenditure incurred towards right issue of shares (connected to 4 ground no.8 in assessee's appeal) State Bank of India

DY..C.I.T., BANGALORE vs. M/S STATE BANK OF MYSORE, BANGALORE

Bench: Justice (Retd.) C V Bhadang & Ms Padmavathy S, Am

capital expenditure incurred towards rights issue 8 Grounds of Revenue's appeal Issues Ground Number General 1 Deduction under section 36(1)(viia) (connected to ground no.2 in 2 assessee's appeal). Allowing provision for Janata Deposit Collector Gratuity 3 Expenditure incurred towards right issue of shares (connected to 4 ground no.8 in assessee's appeal) State Bank of India