Sponsored
    Follow Us:

Case Law Details

Case Name : Andaman & Nicobar State Corporation Bank Ltd. Vs DCIT (ITAT Kolkata)
Related Assessment Year : 2014-15
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

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

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31