The Commissioner Of Income Tax vs The Bank Of Rajasthan Ltd on 23 April, 2010
"4. I have carefully considered the facts of the case, submission of the appellant
and of the AO. It is not in dispute that while deciding he aforesaid appeal,
my learned predecessor did not consider the decision of jurisdictional High
Court in the case of CIT V/S Bank of Rajasthan Ltd. 316 ITR 391 which is
directly on the issue and in contradistinction to the decision of Mumbai High
Court in the case of American Express Bank reported in 258 ITR 601. After
considering all the decisions and relevant provisions on the issue,
12
ITA Nos. 921/JP/2009, 41/JP/2010, 299/JP/2014 & 28/JP/2013.
State Bank of Bikaner & Jaipur, Jaipur.