https://www.taxtmi.com/caselaws?id=272356 The Supreme Court dismissed the appeals as infructuous in a case involving the eligibility of a banking entity for tax exemption under section 80P(2)(a)(i) of the Income-tax Act. The appellant's challenge against the reopening of assessment and denial of deduction due to lack of banking company registration and license was unsuccessful, with the High Court and Tribunal ruling against the appellant. Subsequent developments in the case led to the Supreme Court finding the appeals moot and leaving the question of law open for future consideration. en-us Fri, 27 Nov 2015 00:00:00 +0530 Mon, 07 Mar 2016 06:29:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272356 The Supreme Court dismissed the appeals as infructuous in a case involving the eligibility of a banking entity for tax exemption under section 80P(2)(a)(i) of the Income-tax Act. The appellant's challenge against the reopening of assessment and denial of deduction due to lack of banking company registration and license was unsuccessful, with the High Court and Tribunal ruling against the appellant. Subsequent developments in the case led to the Supreme Court finding the appeals moot and leaving the question of law open for future consideration. Case-Laws Income Tax Fri, 27 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272356