ASSISTANT COMMISSIONER OF INCOME TAX , AKOLA CIRCLE , AKOLA vs. THE BULDHANA DISTRICT CENTRAL CO-OP BANK LIMITED , BULDHANA
In the result, appeal filed by the revenue is dismissed
ITA 118/NAG/2020[2011-12]Status: DisposedITAT Nagpur12 Dec 2024AY 2011-12
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri Manoj G. MoryaniFor Respondent: Shri Sandipkumar Salunke
Section 143(1)Section 45(1)
depreciation of ` 32,80,263. The return of income was processed under section 143(1) of the Income Tax
Act, 1961 ("the Act") on 11/01/2012 and selected for scrutiny. The assessment was made on total loss of ` 2,44,14,471, by making addition of `
2,91,38,000, on account of deduction of excess overdue provision
