7 results for “disallowance”+ Section 9(1)(vii)clear
Sorted by relevance
Key Topics
In the result, the appeals of the Revenue are dismissed and the Cross Objections of the assessee are allowed
Bench: Shri. B. R. Baskaran & Shri Amit Shukla
disallowed and added back to the total income. Penalty notice u/s 271(1) (c) is being issued separately. 6. Section 22 and 32 of the Regional Rural Banks Act, 1976 provides as under:- 22. Regional Rural Bank to be deemed to be a cooperative society for purpose of the Income Tax Act, 1961.- For the purpose of the Income