M/S. THE MAYURBHANJ CENTRAL CO-OPERATIVE BANK LIMITED,CUTTACK vs. DCIT, BALASORE
In the result, appeal filed by the assessee is partly allowed
ITA 387/CTK/2015[2011-12]Status: DisposedITAT Cuttack10 Aug 2017AY 2011-12
Bench: S/Shri N.S Saini & Pavan Kumar Gadaleassessment Year : 2011-2012
For Appellant: Shri Ambica Prasad Mohanty, ARFor Respondent: Shri D.K.Pradhan, DR
Section 35ASection 36(1)(vii)
35A of the Banking Regulation Act, 1949, the Reserve Bank of India has been empowered to issue directions to all the banks as to regulate the banking business in the public interest or in the interest of banking policy. After discussing what has been submitted by the assessee before him, the Ld. CIT(A) observed that the assessee
