COMMNR. OF INCOME TAX, KARNATAKA vs KARNATAKA STATE COOP.AGRI&RUR.D.BANK LTD — C.A. No. 3952/2001

Summary of C.A. No. 003952 / 2001 On 27 April 2006, the Supreme Court dismissed the Commissioner of Income Tax, Karnataka's appeal against Karnataka State Coop. Agricultural & Rural Development Bank Ltd. regarding Assessment Year 1988-89. The Court upheld the High Court's decision that the bank was entitled to special deduction under Section 80P(2)(a)(i) of the Income Tax Act, relying on established precedent. Each party bears its own costs. This case analysis is maintained by casestatus.in based on publicly available court records.