Natural Selections, Baddi vs Dcit/Acit, Circle, Parwanoo on 5 September, 2022
In this regard, we may ref er to the initial
decision of Hon'ble Rajasthan High Cour t in case of
C IT vs. State Bank of Bikaner & Jaipur wherein the
Hon'ble High Court af ter extensively examining the
matter and considering the various decisions of the
Hon'ble Supreme Cour t and various other High
Cour ts has decided the matter in f avour of the
assessee. In the said decision, the Hon'ble High
Cour t was pleased to held as under: