2017 (2) TMI 1404

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.....S. GANESAN,   This appeal of the Revenue is directed against the order of the Commissioner of Income Tax (Appeals), Salem dated 30.08.2016 and pertains to the assessment year 2013-14. 2. There was a delay of 24 days in filing this appeal by the Revenue. The Revenue has not filed a petition for condonation of delay. We have heard the Ld. D.R. and Ld. representative. We find that there was s....

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....he contrary, Shri M. Balu, the Ld. representative for the assessee submitted that in the assessee's own case in tax case appeal No.259 of 2016, the Madras High Court found that the assessee is not a Co-operative Bank. The activities of the assessee in the nature of accepting deposits, advancing loans, etc., are confined only to its members and that too in a particular geographical area. Therefore,....