THE GURDASPUR CENTRAL COOP BANK LTD,GURDASPUR vs. THE DY. COMMISSIONER OF INCOME-TAX, CIRCLE- VI,, PATHANKOT
In the result, the assessee’s appeal is allowed for statistical purposes
ITA 681/ASR/2017[2014-15]Status: DisposedITAT Amritsar24 May 2018AY 2014-15
Bench: Sh. Sanjay Arora & Sh. N. K. Choudhryi.T.A. No. 681/Asr/2017 (And Stay Application No. 01/Asr/2018) Assessment Year: 2014-15
For Appellant: Sh. Vinamar Gupta & Vibhore Gupta (CAs.)For Respondent: Smt. Prabhjot Kaur CIT (D.R.)
Section 143(3)Section 194ASection 40Section 44A
section 194A providing saving to the provision under specific circumstances and, submitting, on that basis, that no disallowance u/s. 40(a)(ia) is called for:
Particulars Amount (Rs.)
Total Interest paid
394488470
Interest not disallowed
-8172420
Total Interest disallowed
386,316,050
Saving Account Interest 128,724,577
RD Interest 1,705,554
FDR Interest below