https://www.taxtmi.com/caselaws?id=797606 Deduction of cost of funds and related expenditure claimed by a co-operative society was remitted for fresh adjudication after the disallowance was considered against applicable precedent on deposits. The intimation, assessment and penalty orders were quashed because the taxpayer had not responded to notices due to the stated failure of its former tax practitioner. The taxpayer may file objections and respond to the notice issued under the Income-tax Act, while all merits-based contentions remain open for reconsideration. en-us Mon, 10 Aug 2026 00:00:00 +0530 Tue, 25 Aug 2026 08:34:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797606 Deduction of cost of funds and related expenditure claimed by a co-operative society was remitted for fresh adjudication after the disallowance was considered against applicable precedent on deposits. The intimation, assessment and penalty orders were quashed because the taxpayer had not responded to notices due to the stated failure of its former tax practitioner. The taxpayer may file objections and respond to the notice issued under the Income-tax Act, while all merits-based contentions remain open for reconsideration. Case-Laws Income Tax Mon, 10 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797606