In the result, the appeal of the assessee is allowed

Bench: Shri Sonjoy Sarma & Shri Rakesh Mishrai.T.A. No.32/Pat/2019 Assessment Year: 2010-11 Samastipur Kshetriya Gramin Bank (Merged With Dakshin Bihar Gramin Bank)……………....Appellant C/O Nirmal & Associates, Ca, Nepali Kothi, Opp Gasoline Petrol Pump, Boring Road, Patna-800001. [Pan: Aafas8891R] Vs. Dcit, Circle-3, Darbhanga..…..……………..………………….…..... Respondent Appearances By: Shri Nishant Maitin, Ca Appeared On Behalf Of The Appellant. Smt. Rinku Singh, Cit-Dr, Appeared On Behalf Of The Respondent. Date Of Concluding The Hearing : August 21, 2025 Date Of Pronouncing The Order : September 1St, 2025 आदेश / Order Per Sonjoy Sarma: This Appeal By The Assessee Is Directed Against The Order Dated 16.10.2018 Passed By The Commissioner Of Income Tax (Appeals), Jamshedpur Under Section 250 Of The Income-Tax Act, 1961. 2. Brief Facts Of The Case Are That The Assessee Is Regional Rural Bank & Had Filed Its Return Of Income Declaring Nil Income After Claiming Deduction On Account Of Brought Forward Losses & Deductions U/S 80P Of The Act. The Deduction U/S 80P Was Withdrawn From The Statute W.E.F Asst Year 2007-08. Accordingly, In The Present Case Of The Assessee, Assessment Was Framed By Disallowing The Claim Of Brought Forward Losses & Deduction U/S 80P Of The Act.

losses and deduction u/s 80P of the Act. I.T.A. No.32/Pat/2019 Samastipur Kshetriya Gramin Bank 3. Against the order passed the Assessing Officer, the assessee did not file any appeal against the quantum order passed by the Assessing Officer. Subsequently, the Assessing Officer initiated penalty u/s 271(1) of the Act and against the order passed u/s 143(3) dated