THE MUZAFFARPUR CENTRAL CO-OPERATIVE BANK LTD,MUZAFFARPUR vs. ACIT, CIRCLE-2, MUZAFFARPUR
In the result, the appeal of assessee is allowed for statistical purpose
ITA 87/PAT/2019[12/03/2019]Status: HeardITAT Patna05 Jul 2022
Bench: Shri Mainsh Borad & Shri Sonjoy Sarma]
Section 139Section 139(3)Section 142(1)Section 143(1)Section 143(3)Section 147Section 148Section 32(2)Section 36(1)(viia)Section 72
80P of the Income Tax Act, the whole of the income of a co-operative society engaged in banking business was deductible and no tax was payable till assessment year 2006-07. As the income of the society under the statute was nil, the appellant was not obliged to file return under the provisions of the income
