Vijaya Bank is a ‘Financial Company’ and is entitled to avail the benefit of Deduction u/s 36(1)(viii): Karnataka High Court [Read Judgment]

The Karnataka High Court held that the assessee, Vijaya Bank is a ‘Financial Company’ and is entitled to avail the benefit of deduction under Section 36(1)(viii) of the Income Tax Act. The assessee, M/s Vijaya Bank is a Banking Company. The Assessing Officer disallowed the deduction claimed under Section 36(1)(viii) of the Act in respect […]

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