TELCO CO-OPERATIVE SOCIETY LTD ,JAMSHEDPUR vs. AYKAR ADHIKARI WARD-3(2), JAMSHEDPUR
In the result, appeal of the assessee is partly allowed
ITA 345/RAN/2017[14-15]Status: DisposedITAT Ranchi12 Jul 2022
Bench: Shri Rajpal Yadav & Shri Manish Boradi.T.A. No. 345/Ran/2017 Assessment Year: 2014-15 Telco Co-Operative Society Ltd. Income Tax Officer, Ward-3(2), Telco Works, Telco Vs Jamshedpur Jamshedpur - 831001 Pan: Aaaat9667K अपीलाथ"/ (Appellant) "" यथ"/ (Respondent) Assessee By : Shri Deepak Kumar Sharma, C.A. Revenue By : Shri N.K. Khalkho, Sr. D/R सुनवाई क" तारीख/Date Of Hearing : 10/05/2022 घोषणा क" तारीख /Date Of Pronouncement : 12/07/2022 आदेश/O R D E R Per Rajpal Yadav: The Present Appeal Is Directed At The Instance Of The Assessee Against The Order Of The Learned Commissioner Of Income Tax (Appeals) – Jamshedpur, Dated 12/09/2017, Passed Under Section 250 Of The Income Tax Act, 1961 (In Short “The Act”), For Assessment Year 2014-15. 2. The Assessee Has Taken Five Grounds Of Appeal Out Of Which Ground Nos. 1, 4 & 5 Are General In Nature On Which No Arguments Were Advanced. Therefore, These Grounds Are Rejected As Such.
For Appellant: Shri Deepak Kumar Sharma, C.AFor Respondent: Shri N.K. Khalkho, Sr. D/R
Section 250Section 80P(2)(d)
disallowing the deduction of interest income amounting to Rs.50,99,394/-.
I.T.A. No. 345/Ran/2017
Assessment Year: 2014-15
Telco Co-operative Society Ltd.
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6. With the assistance of the ld. Representatives, we have gone through the record carefully. Lot of debate has been noticed by the ld. Revenue
Authorities below on this point. The stand
