M/S. DISTRICT CO-OPERATIVE BANK LTD.,SAHARANPUR vs. DCIT, SAHARANPUR

The appeal is allowed with above direction

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishidistrict Co-Operative Bank Ltd. Dy. Cit, Railway Road, Vs. Saharanpur – 247 001. Saharanpur – 247 001 [U.P.] Uttar Pradesh. Pan : Aaaad5431D (Appellant) (Respondent)

viia) of the Act. As apparent from the record that annual accounts were revised on 26.02.2016, whereas the order was passed under Section 143(3) of the Act on 17.03.2016. Therefore, such accounts naturally could not have been before the Assessing Officer. The learned CIT (Appeals) also did not consider the fact that whether such a revision of accounts