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Section 14A applies even if the securities are held as stock-in-trade
Case Law Details
- Case Name
- Joint Commissioner of Income-tax, Special Range-32 Vs American Express Bank Ltd. (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 1997-98
- Courts
- ITAT Mumbai
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IN THE ITAT MUMBAI BENCH ‘L’
Joint Commissioner of Income-tax, Special Range-32
V/s.
American Express Bank Ltd.
IT APPEAL Nos. 5904 & 6022 (Mum.) of 2000
[Assessment Year 1997-98]
August 8, 2012
ORDER
R.S. Syal, Accountant Member
These two cross appeals – one by the assessee and the other by the Revenue – arise out of the order passed by the Commissioner of Income-tax (Appeals) on 26.09.2000 in relation to the assessment year 1997-1998.
2. First ground of the assessee’s appeal is against the confirmation of disallowance of expenses amounting ...
