Case Law Details
Case Name : Andaman & Nicobar State Corporation Bank Ltd. Vs DCIT (ITAT Kolkata)
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Kolkata
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Andaman & Nicobar State Corporation Bank Ltd. Vs DCIT (ITAT Kolkata)
ITAT noted that in this case, the assessee neither exercised any control or influence over the management of the funds nor did it have any say in the matters relating to payments of the benefits arising or accruing there from which was due to the Members/ Employees. So by relying on the ratio of the Hon’ble Supreme Court in CIT vs. Text Tool (supra) wherein it was held that, the intention of Section 36(1)(v) of the Act, is that the employer should not
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