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

36(1)(vii) of the Act. Accordingly, the impugned addition made by the AO on this issue is deleted. As a result, Ground No.5, raised in assessee’s appeal, is allowed. 40. Ground No.6, raised in assessee’s appeal, pertains to the applicability of the provisions of section 115-JB of the Act to the assessee bank. ITA No.1451

BANK OF INDIA,MUMBAI vs. ACIT-2(1)(2), 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

36(1)(vii) of the Act. Accordingly, the impugned addition made by the AO on this issue is deleted. As a result, Ground No.5, raised in assessee’s appeal, is allowed. 40. Ground No.6, raised in assessee’s appeal, pertains to the applicability of the provisions of section 115-JB of the Act to the assessee bank. ITA No.1451

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

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

section 36(1)(viia) as under: Particulars AY 2011-12 (Rs.) 10% of average advances 316,45,05,004 7.5% of total income 68

STATE BANK OF MYSORE,BANGALORE vs. JCIT, BANGALORE

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

section 36(1)(viia) as under: Particulars AY 2011-12 (Rs.) 10% of average advances 316,45,05,004 7.5% of total income 68