THE TISK USGAO URBAN CO-OPERATIVE CREDIT SOCIETY LIMITED,PONDA vs. INCOME TAX OFFICER, WARD - 2(3), PANAJI
In the result, the appeal filed by the assessee in ITA
ITA 42/PAN/2019[2015-16]Status: DisposedITAT Panaji24 Jan 2023AY 2015-16
Bench: Shri Satbeer Singh Godara
For Appellant: Shri S.J. Kamat, C.AFor Respondent: Shri N. Shrikant
Section 143(3)Section 194ASection 251Section 40Section 80P
Disallowance under section 40(a)(ia) is not applicable to the interest paid as no tax is deductible on such payments under section 194A of the act.
4. In the facts and circumstances of the case, the Commissioner of Income Tax (Appeals) has erred in not considering, while deciding that the appellant is not a co-operative bank, the fact
