Nagpur Nagarik Sahakar Bank Karamchari Path Sanstha Maryadit v/s Income Tax Officer

Parties Involved

Facts Summary

The present appeal has been filed by the assessee, Nagpur Nagarik Sahakar Bank Karamchari Path Sanstha Maryadit, challenging the order dated 26/07/2022 passed by the Commissioner of Income Tax (Appeals). The assessee has contended that there was a delay in filing the appeal due to the mistake of the office of the counsel. The assessee has requested the Tribunal to condone the delay. The assessee has raised several grounds in its appeal, primarily challenging the disallowance of deduction under section 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act, 1961, and the imposition of interest under sections 234A, 234B, and 234C of the Act.…

Legal Issues

• 1. Whether the order passed by the Commissioner of Income Tax (Appeals) is illegal, invalid, and bad in law.
• 2. Whether the deduction under section 80P(2)(a)(i) and 80P(2)(d) of the Act was rightly denied.
• 3. Whether the charging of interest under sections 234A, 234B, and 234C of the Act is justified.

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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