https://www.taxtmi.com/caselaws?id=25078 The High Court of Karnataka ruled in favor of the assessee in a case concerning entitlement to development rebate on safe deposit lockers and the taxability of a sum received as brokerage and commission by the Syndicate Bank. The court held that the assessee was entitled to development rebate on safe deposit lockers based on a previous ruling and determined that the sum received as brokerage and commission was not taxable income but rather a reduction in the cost of investment. The court provided detailed legal analysis and reasoning, ultimately deciding in favor of the assessee on both issues. en-us Mon, 23 Nov 1987 00:00:00 +0530 Mon, 25 Jan 2010 12:15:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25078 The High Court of Karnataka ruled in favor of the assessee in a case concerning entitlement to development rebate on safe deposit lockers and the taxability of a sum received as brokerage and commission by the Syndicate Bank. The court held that the assessee was entitled to development rebate on safe deposit lockers based on a previous ruling and determined that the sum received as brokerage and commission was not taxable income but rather a reduction in the cost of investment. The court provided detailed legal analysis and reasoning, ultimately deciding in favor of the assessee on both issues. Case-Laws Income Tax Mon, 23 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25078