INCOME TAX OFFICER, WARD-1, JALNA, INCOME TAX OFFICE, JALNA vs. THE BEED DISTRICT CENTRAL CO-OP. BANK LTD., BEED

In the result, the appeal of the Revenue in ITA No

section 43C of the Income-tax\nAct on the scheduled bank.\n11. Learned counsel for the appellants-Revenue placed reliance on the judgment\nin the case of Southern Technologies Ltd. (supra). However, this judgment\npertains to non-banking financial companies. UCO Bank's case (supra) and\nMercantile Bank Ltd. (supra) case squarely applies to the facts of the present case

INCOME TAX OFFICER, WARD-1, JALNA, INCOME TAX OFFICE, JALNA vs. THE BEED DISTRICT CENTRAL CO-OP. BANK LTD., BEED

In the result, the appeal of the Revenue in ITA No

section 43C of the Income-tax Act on the scheduled bank.\n11. Learned counsel for the appellants-Revenue placed reliance on the\njudgment in the case of Southern Technologies Ltd. (supra). However, this\njudgment pertains to non-banking financial companies. UCO Bank's case\n(supra) and Mercantile Bank Ltd. (supra) case squarely applies to the facts\nof the present

ASSISTANT COMMISSIONER OF INCOME-TAX vs. SHARAD SAHAKARI BANK LTD.,, PUNE

In the result, appeal by the Revenue and cross objections filed by the assessee are dismissed

Bench: Shri D. Karunakara Rao, Am & Shri Vikas Awasthy, Jm

section 43C of the Income-tax Act on the scheduled bank. 12. Learned counsel for the appellants-Revenue placed reliance on the judgment in the case of Southern Technologies Ltd. v. Joint CIT reported in [2010] 320 ITR 577 (SC) ; [2010] 2 SCC 548. However, this judgment pertains to non-banking financial companies. UCO Bank's case (supra) and Mercantile