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Documents citing Director Of Income Tax vs Bank Of America Nt And Sa on 12 January, 2015

Grasim Industries Ltd,Mumbai vs Addl Cit Rg 6(3), Mumbai on 18 February, 2025

Jurisdictional High Court in case of Bank of America (Supra). In so far as the decision relied upon by learned DR are concerned, on careful examination, we are of the view that they are factually distinguishable as the issue of netting off of interest paid with interest received was not involved. Thus, respectfully following the decision of Hon'ble Jurisdictional High Court referred to above, we allow the ground in favour of the assessee.
Income Tax Appellate Tribunal - Mumbai Cites 37 - Cited by 0 - Full Document

Acit 6(3), Mumbai vs Grasim Industries Ltd, Mumbai on 18 February, 2025

Jurisdictional High Court in case of Bank of America (Supra). In so far as the decision relied upon by learned DR are concerned, on careful examination, we are of the view that they are factually distinguishable as the issue of netting off of interest paid with interest received was not involved. Thus, respectfully following the decision of Hon'ble Jurisdictional High Court referred to above, we allow the ground in favour of the assessee.
Income Tax Appellate Tribunal - Mumbai Cites 37 - Cited by 0 - Full Document

Grasim Industries Ltd.,Mumbai vs Dcit Cent. Cir. 1(4), Mumbai on 23 May, 2025

Even the other decisions cited by learned counsel for the assessee are in line with the ratio laid down by the Hon'ble Jurisdictional High Court in case of Bank of America (Supra). In so far as the decision relied upon by learned DR are concerned, on careful examination, we are of the view that they are factually distinguishable as the issue of netting off of interest paid with interest received was not involved. Thus, respectfully following the decision of Hon'ble Jurisdictional High Court referred to above, we allow the ground in favour of the assessee."
Income Tax Appellate Tribunal - Mumbai Cites 50 - Cited by 0 - Full Document

Jcit (Osd)Cen Cir 1(4), Mumbai vs Grasim Industires Ltd, Mumbai on 23 May, 2025

Even the other decisions cited by learned counsel for the assessee are in line with the ratio laid down by the Hon'ble Jurisdictional High Court in case of Bank of America (Supra). In so far as the decision relied upon by learned DR are concerned, on careful examination, we are of the view that they are factually distinguishable as the issue of netting off of interest paid with interest received was not involved. Thus, respectfully following the decision of Hon'ble Jurisdictional High Court referred to above, we allow the ground in favour of the assessee."
Income Tax Appellate Tribunal - Mumbai Cites 50 - Cited by 0 - Full Document

Grasim Industries Ltd,Mumbai vs Dcit Cent. Cir. - 1(4), Mumbai on 31 December, 2025

issue in favour of the assessee. Even the other decisions cited by learned counsel for the assessee are in line with the ratio laid down by the Hon'ble Jurisdictional High Court in case of Bank of America (Supra). In so far as the decision relied upon by learned DR are concerned, on careful examination, we are of the view that they are factually distinguishable as the issue of netting off of interest paid with interest received was not involved. Thus, respectfully following the decision of Hon'ble Jurisdictional High Court referred to above, we allow the ground in favour of the assessee."
Income Tax Appellate Tribunal - Mumbai Cites 54 - Cited by 0 - Full Document
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