2025 (12) TMI 153

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....T-DR ORDER Per: Inturi Rama Rao, AM This appeal filed by the assessee is directed against the order of the ADDL/JCIT-1, Noida [CIT(A)] dated 15.01.2025 for Assessment Year (AY) 2007-08. 2. Brief facts of the case are that the assessee is a private scheduled bank, engaged in the business of banking. The return of income for the A.Y. 2007-08 was filed on 12/11/2007 declaring income of Rs....

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.... filed an appeal before the CIT(A), who vide impugned order dismissed the appeal by holding that the provisions of section 244A(1A) are not retrospective and are effective only w.e.f. 01/06/2016. Accordingly, appeal was dismissed. 4. Being aggrieved, the appellant-bank is in appeal before this tribunal in the present appeal. 5. We have heard the rival contentions and perused the material ava....