Relief to Karur Vysya Bank: ITAT allows Income Tax Deduction on Education Cess [Read Order]

In a major relief to the Karur Vysya Bank, the Chennai Bench of Income Tax Appellate Tribunal (ITAT) allowed a deduction in respect of Education Cess. The appellant bank is a private sector bank carrying on banking business, filed its return of income for the assessment year 2013-14 declaring total income of Rs.546,50,55,480/- and said […]
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