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2018 (1) TMI 1544 - ITAT MUMBAIProvisions of Section 115JB applicability to assessee bank - HELD THAT:- As in assessee's own case [2013 (4) TMI 752 - ITAT MUMBAI] issue decided in favour of the assessee holding that provisions of section 115JB are not applicable to the assessee. Disallowance of broken period interest claimed - HELD THAT:- In our considered opinion, the findings of the Ld. CIT (A) is in accordance with the principals of law laid down by the Hon’ble Supreme Court in the case of CIT vs. Citibank [2008 (8) TMI 766 - SUPREME COURT] , decision in the case of American Express International Banking Corp. [2002 (9) TMI 96 - BOMBAY HIGH COURT] and in assessee's own case [2013 (4) TMI 752 - ITAT MUMBAI] broken period interest paid by the appellant is allowable as deduction in computing the total income of the assessee.
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