ITAT Bangalore Upholds Relief on Section 14A, MAT & Depreciation for Canara Bank

Advertisement ACIT Vs Canara Bank (ITAT Bangalore) The Revenue appealed against the order of the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, for Assessment Year 2016-17, challenging the deletion of several additions made in the assessment under Section 143(3). The Revenue contended that the CIT(A) had deleted the additions by relying on decisions of the coordinate benches and the Karnataka High Court in the assessee’s own cases, while the assessee submitted that all issues were already covered by binding precedents. The Tribunal dismissed Ground No. 1 relati...