INCOME TAX OFFICER, WARD-1, BARIPADA, BARIPADA vs. MAYURBHANJ CENTRAL CO-OPERATIVE BANK LIMITED, BARIPADA

In the result, appeal of the Revenue stands partly allowed for statistical purposes

Bench: Before Shri George Mathan, Judicial & Manish Agarwal Manish Agarwal

194A, it is very much clear that the said amendment is prospective in nature and, therefore, is applicable w.e.f. 1.6.2015 and onwards and not applicable for the years under appeal and, therefore, the ld CIT(A) has rightly deleted the disallowance so made by the AO. Accordingly, we decline to interfere with the orders of the ld CIT(A), which

INCOME TAX OFFICER, BARIPADA vs. MAYURBHANJ CENTRAL COOPERATIVE BANK LIMITED, BARIPADA