THE CUDDALORE DISTRICT CENTRAL CO-OP BANK LTD.,CUDDALORE vs. DCIT CUDDALORE CIRCLE, CUDDALORE
In the result, the appeal filed by the Revenue in ITA
ITA 2645/CHNY/2019[2016-17]Status: DisposedITAT Chennai18 Oct 2023AY 2016-17
Bench: Shri Mahavir Singh & Shri Manjunatha.G
For Appellant: Shri K. Ravi, AdvocateFor Respondent: Shri N.B. Som, CIT
Section 143(1)Section 143(2)Section 143(3)Section 143(3)(ii)Section 147Section 148Section 36(1)(viia)
68,90,000/-
Advances
Less : Advances relating to Non-rural branches
: Rs. 36,71,13,000/-
(as discussed above)
Rs.1,41,97,77,000/- ii) 10% of Aggregate Average
Rs.14,19,77,700/-
Advances
Total Deduction u/s.36(viia)(a)
14,95,14,257/-
Taxable Income (determined)
Loss
Rs.4,90,26,827/-
Aggrieved, assessee preferred appeal before
