The Commissioner of Income Tax-II vs. The Andhra Bank Employees Co.Operative Bank Limited

In the result, for the above reasons, these appeals fail and

Bench: V.V.S.RAO,RAMESH RANGANATHAN

80P(2)(a)(i) of the Act. The assessee cooperative banks are scheduled banks as defined under Section 2(e) of the RBI Act read with the Second Schedule thereto. As per Section 42 of the RBI Act, every schedule bank shall maintain with RBI an average daily balance, the amount of which shall not be less than such percentage

COMMISSIONER OF INCOME TAX-II, HYDERABAD vs. M/s. The A.P.Vardhaman(Mahila)Cooperative Urban

In the result, for the above reasons, these appeals fail and