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

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

43,41,10,331 Profits 27. The AO disallowed the said claim on the ground that the assessee has not maintained separate set of books in respect of the eligible business and the manner in which the eligible profits was computed i.e. using turnover as allocation key is against the provisions of the Act. The CIT(A) upheld the disallowance