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

transferred, directly or indirectly, by the employer, or former\nemployer, free of cost or at concessional rate to these Clause (c) of Explanation\nto section 17(2)(vi) provides that the value of any specified security or sweat\nequity shares shall be the fair market value of the specified security or swear\nequity shares, as the case

DBS BANK LTD (DBS BANK LTD., INDIA BRANCHES NOW CONVERTED INTO DBS BANK INDIA LTD),MUMBAI vs. DCIT (INT TXT)-2(1)(2), MUMBAI

In the result, appeal of the assessee in ITA No

Bench: Shri Narendra Kumar Billaiya, Hon’Ble & Shri Sunil Kumar Singh, Hon’Ble

80P(2)(a)(i) of the Act but would also be applicable to all banks/commercial banks, to which Banking Regulation Act, 1949 applies. 38) From this, Punjab and Haryana High Court pointed out that this circular carves out a distinction between ‘stock-in-trade’ and ‘investment’ and provides that if the motive behind purchase and sale of shares

DCIT (IT)-2(1)(2), AIR BUILDING, NARIMAN POINT, MUMBAI vs. DBS BANK LIMITED, MUMBAI

80P(2)(a)(i) of the Act but would\nalso be applicable to all banks/commercial banks, to which Banking Regulation Act,\n1949 applies.\n38) From this, Punjab and Haryana High Court pointed out that this circular carves\nout a distinction between ‘stock-in-trade' and ‘investment' and provides that if the\nmotive behind purchase and sale of shares

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

In the result, the Income Tax Appeal is\ndismissed

transferred, directly or indirectly, by the employer, or former\nemployer, free of cost or at concessional rate to these Clause (c) of Explanation\nto section 17(2)(vi) provides that the value of any specified security or sweat\nequity shares shall be the fair market value of the specified security or swear\nequity shares, as the case

ACIT - 2(2)(2), MUMBAI vs. YES BANK LIMITED, MUMBAI

Section 115TA of the Act\nprovides for different rates for different Assessees, which\nsubstantiates that the tax paid by trust u/s 115TA of the Act is the\ntax paid on behalf of the Assessee. The taxability in the hands of\nthe Securitisation trust.\nThus, the interest income of the Assessee, though not taxed in the\nhands of the Assessee (investor

YES BANK LTD.,,MUMBAI vs. DCIT(2)(2)(2), MUMBAI

Section 10(34)\nof the Act, this dividend income is not to be included in the total income\nand is exempt from tax. This triggers the applicability of Section 14A of\nthe Act which is based on the theory of apportionment of expenditure between\ntaxable and non-taxable income as held in Walfort Share and Stock\n\nM/s Yes Bank