RAJDHANI NAGAR SAHKARI BANK LTD,LUCKNOW vs. DY.CIT RANGE-6, LUCKNOW

In the result, both the appeals in ITA Nos

charitable activities by the assessee trust, and there was no doubt about\nthe fact of embezzlement, the same was allowable as a revenue loss. We further\nobserve that the Hon'ble ITAT Bangalore 'A' Bench in the case of ACIT, Circle-1,\nDevangere vs. M/s. Davangere District Central Co-op Bank Limited in ITA No.\n1403/Bang/2019 has also studied

JCIT(OSD), CC-1, LKO, LUCKNOW vs. ACP TOLLWAYS PRIVATE LIMITED, LUCKNOW

In the result, the appeal filed by Revenue is dismissed and the Cross\nObjection filed by the assessee is partly allowed