2022 (12) TMI 211

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....ssessee's appeal for A.Y. 2010-11 is directed against the CIT(A)-7, Pune's order dated 17/05/2018 passed in case No. PN/CIT(A)-7/Cir-2/ 10209/2017-18 involving proceeding u/s. 143(3) r.w.s. 147 of the Income Tax Act, 1961; in short "the Act". Case called twice. None appears at the assessee's behest. It is accordingly proceeded ex-parte. 2. The assessee's sole substantive ground on merits cha....

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.... as we are in assessment year 2010-11 whereas "a cooperative bank" has been excluded from the purview of section 194(A)(3)(v) vide Finance Act 2015 w.e.f. 01.06.2015 only. This tribunal's Special Bench decision is The Virudhunagar Central District Co-Operative Bank Ltd., V/s. ITO, ITA NO. 2055 & 2056/CHNY/2014; dated 09/10/2014 (Chennai) has followed hon'ble Madras high court's judgment M/s. Coimb....