MORESHWAR KRUPA CO-OP HOUSING SOCIETY LIMITED ,MUMBAI vs. INCOME TAX OFFICER WARD 42(1)(3), MUMBAI

PER VIKRAM SINGH YADAV, A.M :

This is an appeal filed by the assessee against the order of the Ld.Addl/JCIT(A)-Panaji [„Ld.CIT(A)‟], dated 27-02-2025, pertaining to Assessment Year (AY) 2020-21, wherein the assessee has taken the following grounds of appeal:
“1. Because the Ld. Assessing officer has erred The Appellant has filed the present appeal aggrieved by the intimation order u/s. 143(1) The grounds of appeal are as under :

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2. Because the Ld. Assessing officer has erred The CPC has erred in law and on facts in assessing the total income of the Appellant at Rs.
3,95,610/- u/s. 143(1) as against Rs. Nil returned by the Appellant.
3. Because the Ld. Assessing officer has erred The CPC has violated principle of natural Justice by restricting the response to notice proposing prima facie adjustment within 500 characters and by not permitting to attach any evidence to substantiate appellant reply.
4. Because the Ld. Assessing officer has erred The Ld. CPC has erred in law or on fact in not allowing deduction of Rs. 3,95,610/- being interest received from Co-operative Bank u/s. 80P (2) (d) claimed in the ITR 5. 5. Because the Ld. Assessing officer has erred The CPC has erred in law in levying consequential interest of Rs. 24,060/- u/s. 234B and Rs.
6,075/ u/s. 234C of IT Act, 1961 and the same may be deleted.
6. The Citations relied upon by the Hon'ble CIT Appeals is not at all applicable to the facts of the case and in the list of the Multistate Co- operative Societies Bank, Shamrao Vitthal Co-operative Bank Ltd,
Saraswat Co-operative Bank Ltd, TJSB Sahakari Bank Ltd, have been notified as a multi-state co-operative society bank from 13th November
2015 the said Notification is being a Public Document is available in the Public Domain is admissible as an evidence in any judicial proceedings.”