2026 (3) TMI 1010

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....d. AR For the Respondent : Sh. Dr. Ranjit Kaur (Addl. CIT) - Ld. Sr. DR ORDER MANOJ KUMAR AGGARWAL (ACCOUNTANT MEMBER) 1. Aforesaid appeal by assessee for Assessment Year (AY) 2019- 20 arises out of an order of learned Commissioner of Income Tax (Appeals), NFAC [CIT(A)] dated 04-10-2024 in the matter of a rectification intimation issued by CPC u/s 154 on 28-12-2020. Having heard rival ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ne for AYs 2018-19 and 2019-20. Since the statutory audit was not got done, there was no justification for the said claim by the assessee. 3. Undisputedly, the assessee is required to get statutory audit done by Inspector (Audit) of Registrar of Co-operative Societies u/s 48 of the Punjab State Co-operative Societies Act, 1961. The provisions of Sec.48(1-A) of Punjab State Co-operative Societie....