Search: penalty u/s 271

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Section 271(1)(c)8 Section 2504 Section 143(3)2 Section 2742 Section 36(1)(viia)2 Deduction2 Penalty2 Disallowance2

THE KANGRA CENTRAL COOPERATIVE BANK LIMITED,DHARAMSHALA vs. DEPUTY COMMISSIONER OF INCOME TAX, PALAMPUR

In the result, both the appeals of the assessee are allowed

ITA 804/CHANDI/2023[2012-13]Status: DisposedITAT Chandigarh28 Jan 2025AY 2012-13

Bench: SHRI. RAJPAL YADAV (Vice President), SHRI. VIKRAM SINGH YADAV (Accountant Member)

For Appellant: Shri Ashwani Kumar, C.AFor Respondent: Dr. Ranjit Kaur, Addl. CIT, Sr. DR

Section 143(3)Section 250Section 271(1)(c)Section 274Section 36(1)(viia)

penalty order, assessment order and submissions made during appeal proceedings. The appellant is a co- operative bank, During the assessment proceedings, AO has disallowed the deduction of provisions made for standard assets under section 36(1)(viia) with the fowling observations, - "Further, the assessee has charged Rs. 11,11,18,000/- during the period under consideration as Provision