THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-1, UDUPI., UDUPI vs. M/S SYNDICATE BANK,, UDUPI
In the result, the appeal filed by the Revenue stands dismissed
ITA 337/PAN/2016[2002-03]Status: DisposedITAT Panaji09 Oct 2023AY 2002-03
Bench: Shri Inturi Rama Rao & Shri Partha Sarathi Chaudhuryआयकर अपील सं. / Ita No.337/Pan/2016 िनधा"रण वष" / Assessment Year : 2002-03 Dcit, Circle-1, Udupi. Vs. M/S. Syndicate Bank, Central Accounts Department, Tax Cell, Head Officer, Manipal. Pan : Aaccs4699E Appellant Respondent C.O. No.01/Pan/2023 (Arising Out Of Ita No.337/Pan/2016) िनधा"रण वष" / Assessment Year : 2002-03 Canara Bank (Erstwhile Vs. Dcit, Circle-1, Udupi. Syndicate Bank), F.M. Wing, Head Office, 112, J. C. Road, Bengaluru- 560002. Pan : Aaacc6106G Appellant Respondent Revenue By : Smt. Ashwini D. Hosmani Assessee By : Shri S. Ananthan Smt. S. Lalitha R. Date Of Hearing : 07.09.2023 Date Of Pronouncement : 09.10.2023
For Appellant: Shri S. AnanthanFor Respondent: Smt. Ashwini D. Hosmani
Section 115JSection 143(3)Section 14ASection 244A
section 115JB of the Act. While doing so, the Assessing Officer made addition of Rs.98,38,14,000/- being the amount of provision for bad and doubtful debts debited to the Profit & Loss Account as against the actual provision for bad and doubtful debts of Rs.84,10,28,000/-. The Assessing Officer also made addition of Rs.16,73