https://www.taxtmi.com/caselaws?id=178294 The ITAT allowed the appeal in part for an Apex Cooperative bank, permitting the expenditure claimed towards the Co-operative Education Fund but remitted the matter back to the CIT(A) for reconsideration regarding other fund contributions, as the CIT(A) failed to adequately address the assessee's contentions. The disallowance of expenditure was upheld for contributions deemed not wholly and exclusively for the banking business, considered capital in nature. en-us Thu, 28 Feb 2013 00:00:00 +0530 Mon, 01 Feb 2016 17:49:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178294 The ITAT allowed the appeal in part for an Apex Cooperative bank, permitting the expenditure claimed towards the Co-operative Education Fund but remitted the matter back to the CIT(A) for reconsideration regarding other fund contributions, as the CIT(A) failed to adequately address the assessee's contentions. The disallowance of expenditure was upheld for contributions deemed not wholly and exclusively for the banking business, considered capital in nature. Case-Laws Income Tax Thu, 28 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178294