2025 (6) TMI 1455

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....Revenue : Shri Akhilesh Srivastava ORDER PER DR. MANISH BORAD, ACCOUNTANT MEMBER : The captioned appeal at the instance of assessee pertaining to assessment year 2012-13 is directed against the order dated 10.01.2025 passed by National Faceless Appeal Centre, Delhi u/s.250 of the Income Tax Act, 1961 (in short 'the Act') which in turn is arising out of the Assessment order dated 13.02.201....

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....sanstha Maryadit Vs. ITO in ITANo.1862/PUN/2018, order dated 01.03.2019. 4. On the other hand, Ld. Departmental Representative submitted that the assessee has not filed the details of the objects of the assessee society and whether the assessee society has an object to earn commission from MSEDCL. 5. We have heard the rival contentions and perused the record placed before us. We observe that....

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..... Ahmednagar Dist. Coop. Bank Ltd. (supra) has laid down that the activity of collecting bills, dues and charges for and on behalf of the Government, local authority, MTNL, BEST, MSEB etc., is akin to banking activity and is eligible for deduction u/s.80P(2)(a)(i) of the Act. Ratio laid down by the Hon'ble Jurisdictional High Court has been subsequently followed by this Tribunal in the case of ITO....