Appellant denies the liability to pay interest u/s 234B and 234C of the Income Tax Act, 1961

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Last updated: 03 August 2021
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This case involves an appeal by a co-operative bank against an Income Tax Appellate Tribunal order concerning interest levied under sections 234B and 234C of the Income Tax Act, 1961. The bank had filed its return, and during scrutiny, the Assessing Officer made additions to its income. The Commissioner of Income Tax (Appeals) upheld certain disallowances, including general body meeting expenses due to a lack of documentary evidence, while other issues were allowed. The bank is now appealing these specific disallowances.

Court :
ITAT Bangalore

Brief :
Present appeal has been filed by assessee against order dated 22/02/2019 passed by the Ld. CIT (A), Mysore on following grounds of appeal:

Citation :
ITA No.904/BANG/2019

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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