NAINITAL DISTRICT CO-OPERATIVE BANK,HALDWANI vs. ACIT, CIRCLE-1, HALDWANI

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

sections 30 to 43D of the Act as business expenditure. During the year, the following expenses have been debited under the head ‘other expenditure’ in the P&L account:- PACS debit fund – Rs. 2,58,373/- Agricultural credit stabilization fund – Rs. 20,07,753/- Total - Rs. 22,66,126/- 7. The Ld.AO accordingly reopened the assessment by issuing notice

NAINITAL DISTRICT CO-OPERATIVE BANK,HALDWANI vs. DCIT, CIRCLE-1, HALDWANI

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