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2015 (9) TMI 382 - ITAT DELHIMaintainability of appeal - Disallowance of provision made for write off of loans - Addition on account of irrecoverable interest pertain to the provision for bad and doubtful debts - CIT(A) deleted the additions - Held that:- As decided in assessee’s own case for the A.Y. 2002-03 the assessee is a Cooperative Grameen Bank which filed its return of income for loss after claiming various deductions mentioned in the impugned order and the AO has disallowed the same but finally deleted by the ITAT. In view of the Instruction No.5 of the CBDT dated 10.7.2014, the present appeal is not maintainable. As per the records and the grounds raised by the assessee, the assessee was enjoying the benefit of S.80P of the Income Tax Act, 1961 and as such the tax on the income is exempt even if the addition is sustained there will be no tax due as the tax effect would be ‘nil’. Keeping in view the decision rendered by Hon’ble Allahabad High Court in the case of Zila Sahkari Bank Ltd. (2013 (10) TMI 1341 - ALLAHABAD HIGH COURT), the appeals filed by the Revenue are not maintainable. - Decided in favour of assessee.
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