ACIT, CIRCLE-2(1)(1), MUMBAI vs. M/S BANK OF INDIA, MUMBAI

In the result, the appeal by the Revenue for the assessment year 2018-

Bench: Shri Vikram Singh Yadavshri Sandeep Singh Karhailita No.1452/Mum/2023 Assessment Year : 2016-17 Assessment Year : 2018-19

disallowance of bad debts written off. 28. The brief facts of the case pertaining to this issue, as emanating from the record, are: In the return of income, the assessee claimed Rs.2356.44 crore as bad debt written off is allowable as a deduction under section 36(1

ACIT, CIRCLE-2(1)(1), MUMBAI vs. M/S BANK OF INDIA, MUMBAI

section 36(1)(iii) of the\nAct. Accordingly, the AO disallowed the amount of Rs.160,77,00,000 claimed\nas deduction

STATE BANK OF MYSORE,BANGALORE vs. JCIT, BANGALORE

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

36(1)(viii) 5 Disallowance of unamortized incremental payment / contribution to 6 approved gratuity fund and payment/contribution to approved pension fund Disallowance of contribution to retired employees medical benefit fund 7 Disallowance of capital expenditure incurred towards rights issue 8 Grounds of Revenue's appeal Issues Ground Number General 1 Deduction under section

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

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

36(1)(viii) 5 Disallowance of unamortized incremental payment / contribution to 6 approved gratuity fund and payment/contribution to approved pension fund Disallowance of contribution to retired employees medical benefit fund 7 Disallowance of capital expenditure incurred towards rights issue 8 Grounds of Revenue's appeal Issues Ground Number General 1 Deduction under section

DY. COMMISSIONER OF INCOME TAX CIRCLE - 3(3)(1), MUMBAI, MUMBAI vs. SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA, MUMBAI

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

disallowance made towards bad-debts under section 36(1)(vii) and towards restricting the deduction under section 36(1)(viii

DY. COMMISSIONER OF INCOME TAX CIRCLE - 3(3)(1), MUMBAI , MUMBAI vs. SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA, MUMBAI

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

disallowance made towards bad-debts under section 36(1)(vii) and towards restricting the deduction under section 36(1)(viii

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 3(3)(1),MUMBAI, MUMBAI

section 36(1) which includes the claim of deductions u/s 36(1)\n(viia)(c) also. - AY 2016-17, and AY 2017-18\nAssessee's Appeal – Issues contended\n(i) Learned CIT(A) has erred in confirming the disallowance

DY. COMMISSIONER OF INCOME TAX CIRCLE - 3(3)(1), MUMBAI, MUMBAI vs. SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA, MUMBAI

section 36(1) which includes the claim of deductions u/s 36(1)\n(viia)(c) also. - AY 2016-17, and AY 2017-18\nAssessee's Appeal – Issues contended\n(i) Learned CIT(A) has erred in confirming the disallowance

DY. COMMISSIONER OF INCOME TAX CIRCLE - 3(3)(1), MUMBAI, MUMBAI vs. SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA, MUMBAI

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

disallowance made towards bad-debts under section 36(1)(vii) and towards restricting the deduction under section 36(1)(viii

DY. COMMISSIONER OF INCOME TAX CIRCLE - 3(3)(1), MUMBAI, MUMBAI vs. SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA, MUMBAI

section 36(1) which includes the claim of deductions u/s 36(1)\n(viia)(c) also. - AY 2016-17, and AY 2017-18\n\nAssessee's Appeal – Issues contended\n\n(i) Learned CIT(A) has erred in confirming the disallowance

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 3(3)(1),MUMBAI, MUMBAI

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

disallowance made towards bad-debts under section 36(1)(vii) and towards restricting the deduction under section 36(1)(viii

ACIT (LTU)-1, MUMBAI vs. UNION BANK OF INDIA, MUMBAI

In the result, appeal of the assessee is allowed

Section 36(1) shall be the difference\nbetween the bad debts written off by assessee in his books and the\nprovision made for bad and doubtful debts u/s 36(1)(vii) of the Act.\nAccording to the AO, since opening credit balance in provision u/s\n36(1)(viia) of the Act exceeds the actual amount of bad debts written

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

In the result, the appeal of the Revenue Ground-3 is dismissed

Disallowance of deduction u/s 36(1)(viii) – Rs.55,14,65,399/-\n22. The Ld.AR submitted that deduction under section 36

STATE BANK OF MYSORE,BANGALORE vs. JCIT, BANGALORE

In the result, the appeal of the Revenue Ground-3 is dismissed

Bench: Shri Narendra Kumar Billaiya, Account Member & Shri Anikesh Banerjeestate Bank Of India Vs Joint Commissioner Of Income-Tax, (Erstwhile State Bank Of Large Tax Payers Unit, Bangalore Mysore Prior To Merger) Local Head Office Compliance Department, 4Th Floor, 65, St. Marks Road, Bangalore-560 001 Pan: Aaccs0155P Appellant Respondent Deputy Commissioner Of Vs State Bank Of Mysore Income-Tax, Ltu, Circle-1, Head Office, Finance & Accounts Bangalore Department, Kg Road, Bangalore- 560 009 Pan: Aaccs0155P Appellant Respondent

Disallowance of deduction u/s 36(1)(viii) – Rs.55,14,65,399/- 22. The Ld.AR submitted that deduction under section 36

GOLDIAM JEWELLERY LIMITED,MUMBAI vs. ACIT-CC 1(2), MUMBAI

In the result the appeal filed by the assessee stands partly allowed with no order as to cost

Bench: Shri Sandeep Gosain & Ms Padmavathy Svs. Acit – Cc 1(2) Goldiam Jewellery Ltd Mumbai. G-10, Ground Floor, Gems & Jewellery Complex Ii, Seeps Sez, Andheri East, Mumbai – 400096. Pan/Gir No. Aaccg3424F (Applicant) (Respondent)

disallowing the employees contribution of PF amounting to Rs.1,96,127/-, by invoking the provisions of section 36(1)(va) of the Income

ABBOTT HEALTHCARE PRIVATE LIMITED ,MUMBAI vs. ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE 2(1)(1), MUMBAI

In the result, Ground No. 3 with its Sub-Grounds is allowed for statistical purposes

Bench: Shri Narender Kumar Choudhry & Shri Gagan Goyalabbott Healthcare Pvt. Ltd. 3, Corporate Park, Sion Trombay Road, Mumbai - 400 071 Pan: Aaack3935D ..... Appellant Vs. Acit 2(1) (1) R. No. 561, 5Th Floor, Aayakar Bhavan, Maharishi Karve Marg, Mumbai- 400 020 ..... Respondent & Acit 2(1) (1) R. No. 561, 5Th Floor, Aayakar Bhavan, Maharishi Karve Marg, Mumbai- 400 020 ...... Appellant Vs.

disallowance of section 143(1) (a) (iv). When the due date under Explanation to section 36(1) (va) is judicially

DCIT-2(3)(1), MUMBAI vs. KOTAK MAHINDRA BANK LIMITED, MUMBAI

In the result the appeal filed by the assessee in ITA No

section 36(2) (viia) and no such deduction can be allowed if the\nprovisioning has been made for business other than banking business.\n11.\nWhether on the facts and circumstances of the case and in law the Ld. CIT (A)\nerred in deleting the disallowance of interest expenses u/s. 36(1

KOTAK MAHINDRA BANK LIMITED,MUMBAI vs. ADD/JOINT/DEPUTY/ACIT, NATIONAL E-ASSESSMENT CENTRE, DELHI

section 36(2) (viia) and no such deduction can be allowed if the\nprovisioning has been made for business other than banking business.\n11.\nWhether on the facts and circumstances of the case and in law the Ld. CIT (A)\nerred in deleting the disallowance of interest expenses u/s. 36(1