THE SRI KANNIKAPARAMESWARI CO OP BANK LIMITED vs. THE INCOME TAX OFFICER
The appeal stands allowed
ITA/65/2017HC Karnataka23 Nov 2021
Bench: S.SUJATHA,HANCHATE SANJEEVKUMAR
Section 143(1)Section 143(3)Section 147Section 148Section 260Section 260ASection 80P(2)Section 80P(2)(a)
deposited funds at somewhat higher rate
of interest. But the banker has always to
keep enough cash or easily realizable
securities to meet any probable demand
by the depositors. No doubt there will
generally
be
loans
to
persons
of
undoubted solvency which can quickly be
called in, but it may be very undesirable to
use this second line of defence
