Raiganj Central Co-Operative Bank Ltd. Vs. D.C.I.T., Circle-2, Jalpaiguri
Case No: ITA Nos.: 974 & 975/KOL/2024
Court: Income Tax Appellate Tribunal Kolkata ‘B’ Bench, Kolkata
Date: 2/11/2026
Parties Involved
appellantRaiganj Central Co-Operative Bank Ltd.
respondentD.C.I.T., Circle-2, Jalpaiguri
Facts Summary
The assessee, Raiganj Central Co-Operative Bank Ltd., is a bank operating in the districts of South Dinajpur and North Dinajpur. Its business extends beyond its members to the general public. The assessee filed its return of income on 29.09.2012, which was selected for scrutiny. The total income was assessed at ₹8,81,59,618/- after various additions and disallowances. Aggrieved by the assessment order, the assessee filed an appeal before the Commissioner of Income Tax (Appeals) who dismissed the…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the order of the Ld. Commissioner of Income Tax (Appeals) is arbitrary, illegal, and bad in law.
- 2. Whether the Ld. Commissioner of Income Tax (Appeals) erred in upholding the order passed under section 143(3) of the Income Tax Act, 1961.
7 more legal issues analysed in this judgement.
Precedents Relied Upon
9 precedents cited in this judgement.