This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Deduction u/s. 36(1)(vii) available to banks for providing long term finance for residential house: Kerala HC
Case Law Details
- Case Name
- South Indian Bank Ltd. Vs ACIT (Kerala High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All High Courts, Kerala High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
South Indian Bank Ltd. Vs ACIT (Kerala High Court)
Kerala High Court held that even after 01.04.2010, Bank would be entitled to the deduction envisaged u/s. 36(1)(viii) of the Income Tax Act in respect of the long term finance provided by it for construction and purchase of houses in India for residential purpose.
Facts- The appellant is engaged in the banking business. The issue relates to disallowance u/s. 36(1)(viii) of the Act. Notably, the disallowance arose consequent to an amendment that was effected to the provisions of Sections 36(1)(viii) with effect from 01.04.2010 ...
Author Info
