In the result, the appeal of assessee is partly allowed and the appeal of the revenue is dismissed
Bench: Shri George George K. & Shri Laxmi Prasad Sahuassessment Year : 2016-17
36(1)(vii)/36(1)(viia) of Act. The assessee raised the issue before the CIT(A) and CIT(A) has also partly allowed the appeal of the assessee. During the course of hearing, the ld.AR vehemently argued on legal issue raised by the issue as additional ground that the assessee is a cooperative society as per Regional Rural Bank