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2017 (9) TMI 1528 - HC - Income TaxDisallowance of amortization of premium paid on securities - Held that:- This issue stands covered in the favour of the Assessee by the decision in the Assessee’s own case for the AY 1996-97 [2012 (9) TMI 446 - DELHI HIGH COURT] Disallowance of depreciation on securities including loss on shifting of securities from AFS to HTM category, also stands covered against the Revenue as relied upon above case Contribution made by the Assessee to the Punjab & Sind Bank Employees Pensions Fund Trust - Held that:- Although contributions to the pension funds may not be allowable under Section 36 (1) (iv) of the Act, the same is allowable under Section 37 of the Act. See The Commissioner of Income Tax – 6, Mumbai v. M/s. Glaxo Smithkline Pharmaceuticals [2013 (3) TMI 759 - BOMBAY HIGH COURT] Addition in the Assessee's book profit computed u/s 115JB - Held that:- The order of the High Court for AY 1996-97 had remanded the issue to the AO for fresh consideration. It is pointed out that, on remand, the AO passed the order accepting the plea of the Assessee. Consequently, on this issue also, this Court also declines to frame a question.
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