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MAT Not Applicable as Bank Not Formed Under Companies Act: ITAT Kolkata
Case Law Details
- Case Name
- UCO Bank Vs ACIT (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Kolkata
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UCO Bank Vs ACIT (ITAT Kolkata)
Leave Encashment Allowed Only on Payment Basis as Tribunal Follows Supreme Court Ruling; MAT Additions Deleted Due to Inapplicability of Section 115JB to Statutory Banks; Disallowance for Short TDS Rejected as Covered by Jurisdictional High Court Decision; No Disallowance Under Section 14A Where Own Funds Exceed Investments.
The matter involved cross appeals against the order dated 12.12.2017 passed by the Commissioner of Income-tax (Appeals)-23, Kolkata for Assessment Year 2013–14.
On the issue of leave encashment, the Assessing Officer disallowed provisio...
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