2019 (2) TMI 1693

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..... 2 - BOMBAY HIGH COURT ] - HELD THAT:- The respondent assessee is a bank. For Assessment Year 200001, the assessee had claimed expenditure of ₹ 4.56 crores under the head NRI Deposit Mobilization . According to the assessee to assist and facilitate the investments by NRIs, such a branch was set up. The said amount was expended towards administrative and other related expenses and the entire .....

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..... the decisions of the Revenue not to challenge the Tribunal's judgment in earlier years in respect of this very assessee, can be seemed as conscious decision of accepting the proposition involved. This question is, therefore, not entertained. - AKIL KURESHI AND M.S. SANKLECHA, JJ. For the Appellant : Mr. Tejveer Singh For the Respondent : Mr. Niraj Sheth a/w Mr. Bharat Damodar I/b Kanga Co. O .....

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..... arises in the following background. The respondent assessee is a bank. For Assessment Year 200001, the assessee had claimed expenditure of ₹ 4.56 crores under the head NRI Deposit Mobilization . According to the assessee to assist and facilitate the investments by NRIs, such a branch was set up. The said amount was expended towards administrative and other related expenses and the entire exp .....

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