TaxTMI 
TaxTMI 
2025 (12) TMI 1923
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....nior Standing Counsel For the Respondent : Mr. R. Vijayaraghavan for M/s. Subbaraya Aiyar Padmanabhan COMMON JUDGMENT (Delivered by Dr. ANITA SUMANTH.,J) These Tax Cases (Appeal) have been admitted on 21.04.2014 on the following question of law:- '1. Whether on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that a Section 115JB is n....
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....018 passed by the Income Tax Appellate Tribunal. The subject matter of the appeal pertains to the Assessment year 2008-2009. The appeal was admitted by a bench of this Court on the following substantial questions of law: 1. Whether on the facts and in the circumstances of the case, the Tribunal is right in law in setting aside disallowance made under the head investment portfolio by follo....
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....ce made under Section 14A read with Rule 8D(2) (ii) and (iii) of the Act on expenditure incurred on earning exempt income even when the assessing authority rightly made disallowances as conditions for making such disallowances were satisfied and assessee failed to show flow of its own funds to those investments from which income is exempt? 3. Whether on the facts and in the circumstances ....
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.... When the matter was taken up today, the learned counsel for the assessee submitted that the 1st and 5 3rd substantial questions of law involved in this appeal have already been answered in favour of the assessee by this Court vide judgment dated 16.01.2020 in the case of CIT v. ING Vysya Bank Ltd. reported in [2020] 114 taxmann.com 506/270 Taxman 162/422 ITR 116 (Kar.) 3. It is further a....