ASSTT.COMMISSIONER OF INCOME TAX CIRCLE-5, NAGPUR vs. THE NIRMAL UJWAL CREDIT CO-OP SOCIETY LTD, NAGPUR
In the result, appeal for the A
ITA 391/NAG/2019[2014-15]Status: HeardITAT Nagpur27 Nov 2024AY 2014-15
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Manoj G. MoryaniFor Respondent: Shri Vikash Agrawal
Section 139(1)Section 143(2)Section 143(3)Section 36(1)(viia)Section 80PSection 80P(2)
56 of the I.T. Act,
1961 and thus the written off of its basis investment amount would not qualify for deduction as business income us. 80P(2)(a)(i) of the I.T. Act,
1961. 10. In this regard I humbly wish to submit that the Assessing Officer has completely misinterpreted the facts of the case. The Assessing
Officer has made
