M/S. DISTRICT COOPERATIVE BANK LIMITED,SHAHJAHANPUR vs. DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, BAREILLY
In the result, the appeal of assessee is allowed for statistical purposes
ITA 346/LKW/2019[2012-13]Status: DisposedITAT Lucknow30 Sept 2024AY 2012-13
Bench: Sh. Sudhanshu Srivastava & Sh. Nikhil Choudharya.Y. 2012-13 M/S District Cooperative Bank Deputy Commissioner Of Limited, Near Civil Court Road, Vs. Income Tax, Circle-I, Bareilly Shahjahanpur, U.P. Pan:Aaaad8759N (Appellant) (Respondent) Assessee By: Sh. B.P. Yadav, Adv Revenue By: Sh. Amit Singh Chauhan, Jcit Date Of Hearing: 13.08.2024 Date Of Pronouncement: 30.09.2024 O R D E R
For Appellant: Sh. B.P. Yadav, AdvFor Respondent: Sh. Amit Singh Chauhan, JCIT
Section 197ASection 197A(2)Section 201(1)Section 250Section 40
disallowed a sum of such interest payments amounting to Rs.1,01,60,707/- under section 40(a)(ia) of the Income
Tax Act.
3. Aggrieved with the said order, the assessee went in appeal before the ld.
CIT(A). Before the ld. CIT(A), it was submitted that all the branches of the bank were situated in remote rural areas
