2011 (3) TMI 1332

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..... T   Ramachandran Nair, J.   When the appeal is taken up for hearing counsel appearing for the respondent-Bank submitted that Committee on Disputes' approval is not obtained by the revenue to file appeal against the assessee, which is a public sector undertaking. However, standing counsel appearing for the revenue produced a copy of Constitution Bench judgment of the Supreme Court in Ci .....

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..... n that judgment we remanded the matter to the assessing officer to specifically consider the disallowance with reference to sub-clause (f) of Explanation to Section 115JA which was not considered by the assessing officer in that case. However, in this case, disallowance is specifically made with reference to the above provision, which is only Rs. 1 crore. Therefore following the judgment in I.T.A. .....

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