Supreme Court · 2021 INSC 462 · Decided 9 September 2021
South Indian Bank LTD. v. Commissioner of Income Tax
- Court
- Supreme Court of India
- Citation
- 2021 INSC 462 · [2021] 6 S.C.R. 154
- Case number
- CIVIL APPEAL No. 9606/2011
- Decided
- 9 September 2021
- Bench
- SANJAY KISHAN KAUL, HRISHIKESH ROY (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 14A
Headnote
Income Tax Act, 1961 - s.14A - Interpretation of - Assessees are scheduled banks and in course of their banking business, they also engage in the business of investments in bonds, securities and shares which earn the assessees, interests from such dividend income on investments in shares of companies and from units of UTI etc. which are tax free - Whether proportionate disallowance of interest paid by the banks is called for u/s.14A for investments made in tax free bonds/ securities which yield tax free dividend and interest to
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)