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M/S. Industrial Develop,Ment Bank Of ... vs The Dy Cit Rg 3(1), Mumbai on 2 January, 2020 cites

Commissioner Of Income Tax, New Delhi vs Oriental Fire & General Insurance Co. ... on 18 May, 2007

45. Aggrieved, Revenue is in appeal before us. After hearing the rival submissions and perusing the material on record, we find that the CIT(A) has allowed the appeal of assessee following the decision of Hon'ble Karnataka High Court in the case of CIT vs. Oriental Insurance Company Ltd. (2009) 183 Taxman 186 wherein it has been treated as in the nature of interest and hence admissible.
Supreme Court of India Cites 25 - Cited by 74 - S B Sinha - Full Document

The Commissioner Of Income Tax Ltu vs Indian Petrochemicals Corporation ... on 6 September, 2016

In case of Commissioner of Income-tax-LTU Vs. Indian Petrochemicals Corporation Limited, (2019) 261 Taxman 251 (Bombay) Division Bench of Bombay High Court considered the case where the assessee-employer had contributed to various clubs meant for staff and family members and claimed such expenditure as deduction. Once again the revenue had resisted in the expenditure by citing section 40A(9) of the Act. This Court confirmed the view of the Tribunal and dismissed the revenue's appeal, in which the Tribunal had allowed the expenditure claimed by the assessee.
Supreme Court - Daily Orders Cites 0 - Cited by 36 - Full Document

Commissioner Of Income Tax 2 Mumbai vs Bharat Petroleum Corporation Ltd. on 9 May, 2018

AYs: 98-99 to 10-11, Chemicals Ltd., 243 ITR 284 and of the decision of this Court in case of Bharat Petroleum Corporation Limited (supra) held that the Tribunal had correctly allowed the assessee's claim of expenditure. In view of this discussion, this question is not entertained.‖ We, respectfully following the decision of the Hon'ble High Court, set aside the order of CIT(A) and direct the Assessing Officer to allow the expenditure. Thus, assessee succeeds on this issue in all the assessment years as stated above and ground raised by the Revenue is dismissed.
Supreme Court - Daily Orders Cites 1 - Cited by 12 - Full Document

Catholic Syrian Bank Ltd vs Commissioner Of Income Tax, Thrissur on 17 February, 2012

52. After hearing both the parties and perusing the material on record, we observe that the issue has cropped up following the decision of the Hon'ble Supreme Court in the case of Catholic Syrian Bank Ltd. (supra) that deduction under Section 36(1)(vii) and 36(1)(viia) of the Act are independent and assessee is entitled for both of them. Accordingly, we find merit in the legal contention of the assessee that assessee should be allowed deduction under Section 36(1)(viia) of the Act and are inclined to admit the additional ground raised by the assessee. However, the facts qua the said allowance needs to be examined at the level of the Assessing Officer as the Assessing Officer has not examined this issue in the assessment proceedings. Accordingly, we restore this issue back to the file of Assessing Officer to decide the same in terms of the Hon'ble Apex Court order. Thus, the additional ground raised by the assessee is admitted and allowed for statistical purposes.
Supreme Court of India Cites 25 - Cited by 285 - S Kumar - Full Document

Principal Commissioner Of Income Tax vs M/S Oil India Ltd. on 6 September, 2019

11. Once again in case of The Principal Commissioner of Income- Tax-14 Vs. Indian Oil Corporation reported in Income Tax Appeal No.1765 of 2016, revenue had raised such an issue when the assessee had spent certain amounts in either setting up or providing grant-in-aid made to Kendriya Vidyalaya Schools where the students of the assessee-Indian Oil Corporation would receive education. This Court referred to a judgment of Kerala High Court in case of P.Balakrishnan, Commissioner of Income-Tax Vs.Travancore Cochin 23 | P a g e IDBI Bank Ltd.;
Supreme Court - Daily Orders Cites 0 - Cited by 2 - Full Document
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