2018 (4) TMI 1863

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....dia, Accountant Member This appeal is filed by the assessee which is directed against the order ofld. CIT(A)-5, Bangalore dated 16.10.2017 for Assessment Year 2013-14. 2. The grounds raised by the assessee are as under. "1. The order of the Learned Assessing Officer is not justified in law and on facts and circumstances of the case. 2. The Learned Assessing Officer is not Justified in denyin....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t the Appellant has been denied the benefit of 80P(2)(a)(i) on the grounds that it mostly collected deposits from the nominal members and lent loan to nominal members. The Appellant cannot be treated as co-operative society meant only for its members and providing credit facilities to its members". In our case, Appellant is accepting deposits and providing loans only to members. Therefore, the abo....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he service of notice is presumed. In spite of this, none appeared on behalf of the assessee on the appointed date of hearing i.e. 12.04.2018 and therefore, the appeal of the assessee was heard ex-parte qua the assessee. This is also noted that along with the notice for hearing, defect memo was also issued to the assessee as per which it was pointed out that there are several defects being a. App....