PRIME CO OPERATIVE BANK LTD,SURAT vs. THE ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-1(1)(1), SURAT
In the result, appeal of the assessee is allowed for statistical purposes
ITA 19/SRT/2025[2013-14]Status: DisposedITAT Surat10 Nov 2025AY 2013-14
Bench: Shri Sanjay Garg & Shri Bijayananda Prusethआयकर अपील सं./Ita No.19/Srt/2025 Assessment Year: 2013-14 (Hybrid Hearing) Prime Co-Operative Bank Ltd., Vs. Acit, Khatodra, Ring Road, Surat – Circle-1(1)(1), 395002 Surat "थायीलेखासं./जीआइआरसं./Pan/Gir No: Aabcp7117M (Appellant) (Respondent) Appellant By Shri Hiren Vepari, Ca Respondent By Shri Aashish Pophare, Cit-Dr Date Of Hearing 12/08/2025 Date Of Pronouncement 10/11/2025
Section 144Section 148Section 148ASection 151Section 250Section 251(1)(a)Section 271(1)(c)
section 151 of the Act. The Assessing Officer (in short, ‘AO’) observed that as per NMS data, the assessee had entered into the following bank transactions: (i) cash transactions of Rs.6,00,000/-, (ii) cash deposits of Rs.62,92,50,000/- in savings bank account and (iii) cash deposits of Rs.61,01,50,000/- with banking companies. Though there
