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ITAT Dismisses Revenue’s 14A, TDS & LTCG Grounds Against PNB
Case Law Details
- Case Name
- Punjab National Bank Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020-21
- Courts
- All ITAT, ITAT Delhi
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Punjab National Bank Vs DCIT (ITAT Delhi)
ITAT Delhi Remands Loss-Setoff, Bad-Debt & MAT Issues; Dismisses Revenue’s 14A, TDS & LTCG-Loss Grounds Following Jurisdictional HC
These were cross-appeals by Punjab National Bank (PNB) and the Revenue against the NFAC order for AY 2020-21.
Assessee’s Appeal – Partly Allowed for Statistical Purposes
(a) Set-off of brought-forward business loss – ₹47.15 croreITAT found uncertainty regarding whether the business loss of AY 2018-19 was already allowed in subsequent years. The matter was restored to the AO to verify r...






