TMI Blog2019 (4) TMI 575X X X X Extracts X X X X X X X X Extracts X X X X ..... ter is covered by the order of this Court in The Principal Commissioner of Income Tax-3, Ludhiana v. The Ludhiana Central Co-Op. Bank Ltd., Ludhiana [2018 (11) TMI 442 - PUNJAB AND HARYANA HIGH COURT] along with other connected appeals decided, wherein the appeals filed by the revenue were dismissed. - ITA-487-2018 (O&M) - - - Dated:- 27-3-2019 - MR AJAY KUMAR MITTAL AND MRS MANJARI NEHRU KAUL, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in law in holding that section 45Q of RBI Act, 1934 is applicable in the case of the assessee, when Section 45H of RBI Act, 1934 excludes its application to cooperative banks? iii) Whether on the facts and in the circumstances of the case, the Ld. ITAT has erred in law in confirming the decision of Ld. CIT(A) who had wrongly relied upon the finding of the Hon'ble Delhi High Court in the ca ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aring the income at ₹ 5,34,54,610/-. The Assessing Officer vide order dated 30.11.2016 (Annexure A-1) framed the assessment under Section 143(3) of the Act at a total income of ₹ 7,49,41,780/- after making an addition of ₹ 2,14,85,165/- on account of interest due on Non Performing Assets. Feeling aggrieved by the order, Annexure A-1, the assessee filed an appeal before the Commis ..... X X X X Extracts X X X X X X X X Extracts X X X X
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