THE BULDHANA DISTRICT CENTRAL CO-OP BANK LTD ,BULDHANA vs. DCIT, AKOLA CIRCLE , AKOLA
In the result, appeal filed by the assessee is allowed
ITA 125/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)
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 completed on a total loss of ` (–) 2,44,14,471, by making addition of `
2,91,38,000, on account of deduction of excess overdue provision `
41,42,952, on account
