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2011 (1) TMI 1184 - KERALA HIGH COURTDeduction under section 36(1)(viii) of the Income Tax Act - Assessing Officer disallowed the claim for the reason that appellant being a Scheduled Bank does not fall within the meaning of "financial corporation" referred to in section 36(1)(viii) of the Act – Held that:- assessee is not a financial corporation falling under section 36(1)(viii) of the Act, provisions of section 36(1)(viii) until it was amended by Finance Act, 2006 did not include Banking Companies governed by the provisions of the Banking Regulation Act, order of the Tribunal upheld and assessee's appeal dismissed
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