2022 (12) TMI 211

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..... ted against the CIT(A)-7, Pune's order dated 17/05/2018 passed in case No. PN/CIT(A)-7/Cir-2/ 10209/2017-18 involving proceeding u/s. 143(3) r.w.s. 147 of the Income Tax Act, 1961; in short "the Act". Case called twice. None appears at the assessee's behest. It is accordingly proceeded ex-parte. 2. The assessee's sole substantive ground on merits challenges correctness of both the lower authorit .....

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..... cooperative bank" has been excluded from the purview of section 194(A)(3)(v) vide Finance Act 2015 w.e.f. 01.06.2015 only. This tribunal's Special Bench decision is The Virudhunagar Central District Co-Operative Bank Ltd., V/s. ITO, ITA NO. 2055 & 2056/CHNY/2014; dated 09/10/2014 (Chennai) has followed hon'ble Madras high court's judgment M/s. Coimbatore District Central Co-Operative Bank Ltd. V/ .....

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..... pugned section 194A r.w.s. 40 (a)(ia) disallowance of Rs. 2,00,095/- in very terms therefore. The assessee's sole substantive grievance is accepted therefore. 4. Delay of 23 days in the instant appeal instituted on 17.09.2018 is condoned in larger interest of justice. 5. This assessee's appeal is partly allowed in above terms. Order pronounced in the Open Court on this 29th day of September, 20 .....

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