DY. COMMISSIONER OF INCOME TAX, CIRCLE-SHILLONG, SHILLONG vs. THE MEGHALAYA COOPERATIVE APEX BANK LIMITED, SHILLONG
In the result the appeal of the Revenue is allowed and the Cross
ITA 50/GTY/2024[2018-19]Status: DisposedITAT Guwahati29 Jan 2025AY 2018-19
Bench: Sri Manomohan Das & Sri Rakesh Mishra
Section 10(26)Section 143(3)Section 250Section 251Section 251(1)(a)Section 36Section 40
2. Being aggrieved, the Assessee went before CIT, Appeals wherein the Assessee raised in the grounds of Appeal-3 a prayer to consider the statutory applicable rate of allowance u/sec 36(1)(viia) at 8.5% of the total income as provided in statute.
3. The CIT Appeals did not allow the prayer made.”
3. The brief facts of the case
