2025 (2) TMI 1869

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.... : Shri Abhay Y. Marathe, Sr. DR ORDER PER V. DURGA RAO, J.M. : The above two appeals have been filed by the assessee against the orders both dated 11.06.2024, of the learned CIT(A)-National Faceless Appeal Centre, Delhi, relating to assessment years 2015-2016 and 2016-2017. 2. Briefly stated facts of the case are that the assessee is a Co-operative Credit Society and engaged in the bu....

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....d statutory notices u/sec.142(1) of the Act and in response thereto, the assessee filed it's reply for the impugned assessment years. After considering the documents furnished by the assessee i.e., copy of balance sheet & P & L A/c as on 31.03.2016, copy of ITR, computation of income, ledger copy of bank a/c maintained with Umiya Urban Coop Bank Ltd., Copy of registration certificate along with By....

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....y was not allowed it's deduction of claims of Rs. 1,61,488/- and Rs. 2,55,744/- u/sec.80P(2)(a)(i) of the Act for the assessment years 2015-2016 and 2016-2017. 5. During the course of hearing, at the outset, I drew the attention of both the parties that the assessee did not file it's returns of income u/sec.139(1) of the Act for the impugned assessment years 2015-2016 and 2016-2017 and accordin....