2012 (8) TMI 1012

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..... the assessee - Held that:- Claim allowed - Decided in favour of assessee - ITA.No.794/PN/2011 - - - Dated:- 31-8-2012 - Shri G.S.Pannu, Accountant Member, and Shri R.S.Padvekar, Judicial Member. For the Appellant : Ms.Ann Kapthuama For the Respondent : Shri Sharad Shah ORDER PER R.S.PADVEKAR, JM: In this appeal the Revenue has challenged the impugned order of the C .....

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..... carrying on the business of banking and the provisions of Banking Regulation Act, 1949 are applicable. The respondent assessee filed the return of income declaring the taxable income of ₹ 61,16,610/-. The assessee s case was selected for scrutiny and assessment has been completed u/s.143(3) of the Act. The Assessing Officer made addition of ₹ 64,73,000/- in respect of the interest on t .....

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