D.C.I.T., Circle 3(1), Mumbai vs Icici Bank Ltd., Mumbai on 25 October, 2024
In our
considered opinion, the contention of the ld. D/R that the ratio laid
down by the Hon'ble Supreme Court in the case of TRF Limited (supra)
has been diluted by the Hon'ble Supreme Court in the case of Khyati
Realtors Pvt. Ltd. (supra), is not a proper way of interpreting the
judgment of the Hon'ble Supreme Court and since the ld. CIT(A) has
rightly followed the decision of the Hon'ble Supreme Court (supra), we
do not find any error or infirmity in the findings of the ld. CIT(A) which
I.T.A. No. 5792/Mum/2013
I.T.A. No. 5396/Mum/2013
21
calls for any interference. Accordingly, Ground Nos. 8 & 9 are
dismissed.