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2021 (7) TMI 1411 - HC - Income TaxDisallowance made under the head investment portfolio - RBI guidelines were applicable to the assessee for the purposes of the I.T.Act or not ? - income recognition - Tribunal held that the assessee-Bank cannot be considered as a Company - Section 115JB applicability to assessee Bank for MAT purposes - HELD THAT:- These substantial questions of law involved in this appeal have already been answered in favour of the assessee by this Court vide judgment of COMMISSIONER OF INCOME-TAX, BANGALORE Vs. ING VYSYA BANK LTD [2020 (1) TMI 1116 - KARNATAKA HIGH COURT] Disallowance u/s 14A r.w.r. 8D(2) (ii) and (iii) - expenditure incurred on earning exempt income - HELD THAT:- As question of law involved in this appeal also has already been answered in favour of the assessee by case of M/S QUEST GLOBAL ENGINEERING SERVICES PVT. LTD.[2021 (3) TMI 434 - KARNATAKA HIGH COURT] TDS u/s 194H - disallowance u/s 40(a) (ia) on ATM charges of other Banks - HELD THAT:- As substantial question of law is answered by Judgment M/S. CORPORATION BANK [2020 (12) TMI 529 - KARNATAKA HIGH COURT] in favour of the assessee and against the revenue.
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