MEHERZIN CO OPERATIVE HOUSING SOCIETY LIMITED ,MUMBAI vs. ITO WARD 25(2)(1), MUMBAI
In the result, the appeal of assessee is allowed
ITA 5839/MUM/2025[2017-18]Status: DisposedITAT Mumbai27 Jan 2026AY 2017-18
Bench: Shri Pawan Singh(Physical Hearing) Meherzin Co Operative Housing Society Ito,Ward-25(2)(1), Mumbai Limited Vs 2Nd Floor, Kautilyabhavan, Meherzin Chs Ltd., 109, A Wodehouse Bkc, Mumbai – 400051. Road, Colaba, Mumbai – 400005. [Pan No. Aaaam4560A] Appellant / Assessee Respondent / Revenue
Section 254(1)Section 42(6)(a)Section 80P(2)(d)Section 80P(4)
assessee further submits that RBI includes only those banks in the second
schedule which satisfy the criteria mentioned in section 42(6)(a) of RBI Act,
1934 and have a specified minimum paid up capital and reserve. The banks
included in the second schedule are known as "Scheduled Banks
