THE NALLEPILLY SERVICE COOPERATIVE BANK LIMITED NOR43,NALLEPILLY vs. ITO, WARD-1 ASSESSMENT UNIT INCOME TAX, AAYAKAR BHAVAN PALAKKAD
In the result, the appeal filed by the assessee stands allowed
ITA 857/COCH/2024[2020-21]Status: DisposedITAT Cochin19 Feb 2025AY 2020-21
Bench: Shri Inturi Rama Rao, Am Assessment Year: 2020-21 Nallepilly Service Co-Op. Bank Ltd. .......... Appellant \5/453 Nallepilly, Chittur, Palakkad 678553 [Pan: Aacat5798F] Vs. The Income Tax Officer, Ward-1 .......... Respondent Aayakar Bhavan, English Church Road Palakkad 678001
For Appellant: ------- None -------For Respondent: Smt. Leena Lal, Sr. D.R
Section 139Section 80PSection 80P(2)(a)Section 80P(2)(d)
48,484/- u/s. 80P of the Income Tax Act, 1961 (the Act). Against the said return of income, the
2
Nallepilly Service Co-op. Bank Ltd.
Income Tax Officer, Ward-1, Palakkad (hereinafter “the AO”) completed the assessment at a total income of Rs. 43,08,485/- by making an addition of Rs. 43,08,485/- on account of interest
