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Case Law Details

Case Name : South Indian Bank Ltd Vs Commissioner of Income Tax (Supreme Court of India)
Appeal Number : CIVIL APPEAL NO. 9606 of 2011
Date of Judgement/Order : 09/09/2021
Related Assessment Year :
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South Indian Bank Ltd Vs Commissioner of Income Tax (Supreme Court of India)

1. For purposes of 14A, a presumption can be made that investments have been made out of interest free funds even when there are mixed funds and there is no bifurcation in books of accounts for interest

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