10 results for “disallowance”+ Section 56(2)(vii)clear
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In the result, for the above reasons, these appeals fail and
Bench: V.V.S.RAO,RAMESH RANGANATHAN
disallowed by the assessing officer on the ground that the assessee did not obtain prior approval in respect of investments against statutory reserves as required under Section 46 of the Andhra Pradesh Cooperative Societies Act, 1964 (the Societies Act) and Rule 37(2) of the Andhra Pradesh Cooperative Societies Rules, 1964 (the Societies Rules). The assessing officer came