M/S Swabhimani Souharda Credit Co Operative Ltd vs. Income Tax Officer (ITO) Ward-5(2)(3)
In the result, Writ appeals stand dismissed
ITA/832/2018HC Karnataka20 Dec 2021
Bench: S.SUJATHA,S RACHAIAH
Section 143(3)Section 260Section 4
…eded it. Facts may be deemed and, therefrom, the legal consequences that follow.” -23- 12. In the case of Apex Co-operative Bank of Urban Bank of Maharashtra & Goa Ltd., V/s. Maharashtra State Co-operative Bank Ltd., and Others [(2003) 11 SCC 66], the Hon’ble Apex Court has held thus: “8. The questions which arise for considerations are: (a) whether a co-operative society registered under the Multi State Act can be granted a license by the RBI to commence and carry on banking business, (b) whether a co-operative society registered under the Multi State Act can be recognized and n…