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2016 (3) TMI 168 - SC - Income TaxReopening of assessment - deduction under section 80P(2)(a)(i) of the Act was wrongly given inasmuch as the appellant is not a banking company registered under the Banking Regulation Act, 1949, and was not having any banking licence from the Reserve Bank of India - Held that:- As the appellant-bank at the outset apprised the court about certain subsequent developments by submitting that after the aforesaid order was passed by the High Court, the Assessing Officer proceeded with the assessment holding that the appellant-assessee was not entitled to any deduction under the aforesaid provisions of the Act. Against that assessment order the appellant preferred an appeal before the Commissioner of Income-tax (Appeals) which was allowed by the Commissioner of Income-tax (Appeals). The order of the Commissioner of Income-tax (Appeals) was challenged by the Department before the Tribunal and that appeal has also been dismissed. In view of the aforesaid events, it is clear that the present appeals have become infructuous. We, thus, dispose of these appeals as infructuous leaving the question of law open.
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