51 results for “disallowance”+ Section 2(24)(iv)clear
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In the result, for the above reasons, these appeals fail and
Bench: V.V.S.RAO,RAMESH RANGANATHAN
24 of 2011 COMMON JUDGMENT: (Per Hon’ble Sri Justice V.V.S.Rao) In this group of Income Tax Tribunal Appeals under Section 260A of the Income-tax Act, 1961 (hereafter, the Act) the common question of law raised by the Revenue is whether a cooperative society carrying on the business of banking is entitled to claim exemption under Section 80P(2