Prudential Co-Operative Urban Bank ... vs Dy. Commissioner Of Income Tax , ... on 17 August, 2022
आयकर अपीलीय अधिकरण , है द राबाद पीठ में ... Appeals)-III, Hyderabad ("Ld. CIT(A)") in the
case of Prudential Co-operative Urban Bank Ltd., ("the assessee") for the
assessment
that the assessee is
a co-operative bank governed and controlled by Reserve Bank of
India to which the prudential norms of revenue are applicable ... relied on the decision in the case of CIT
Aurangabad Vs. Peoples Co-operative Bank and others
brief facts of the case are that assessee is a co-operative bank and
during the course of assessment proceedings, the AO asked the assessee ... assessee submitted that the assessee is
a co-operative bank and was following the "Prudential Norms Directions"
issued by the Reserve Bank
supersession of the Board of the State Apex Co-operative Bank and
the Central Co-operative Banks shall be done only with prior consultation ... prescribe prudential
norms in consultation with the National Bank and the Registrar
has no independent power.
• Under sub clause (24) no short term co-operative
Axis Bank Limited,, Ahmedabad vs Jt.Cit.,Circle-1(1)(1),, Ahmedabad on 30 March
Subhash Bhagoji Sable vs Icici Prudential Life Insurance ... on 8 June, 2022
1 A/141/2018
Date of filing :22.01.2018
Date of order :08.06.2022
MAHARASHTRA ... Gharkul-1, Co-operative Housing
Society Ltd,. Sector 24, Juinagar,
P.O.Sanpada, Navi Mumbai- 400705 APPELLANT
VERSUS
1. ICICI PRUDENTIAL LIFE INSURANCE
Cooperative societies. In the case of cooperative banks,
there is no provision of listing. This is a huge disincentive for any
prospective investors in cooperative ... capital of
the urban cooperative bank as per section 33 of MSCS Act, 2002.
Furthermore, capital of a cooperative bank is withdrawable unlike
in case
VeeraKumar, Secretary of the Tamil Nadu
Cooperative Textile and Processing Mill Employees Cooperative Society
with the second respondent bank that the aforesaid amount was also ... loan outstanding of the C.E.11 Erode District Judicial
Department Employees Co-operative Thrift and Credit Society works out
to Rs.10.99 Crore
2019
Assessment Year : 2011-12
ACIT, Vs. M/s. Davangere District Central Co-op Bank
Circle - 1, Limited,
Davangere. Janatha Bazar Complex,
Behind City Municipality ... before hearing of the appeal.
3. The assessee is a District Central Co-operative Bank carrying on banking
business governed by Karnataka State Co-operative
major
element of the Financial Sectors Reforms in India, RBI introduced prudential
norms for banking regulation. Capital adequacy, exposure ceilings for lending to
individual ... provisioning norms for the loan
portfolio (IRAC in short). In conformity with prudential norms. UCBs should make
I.T.A No. 310/Rjt/2017
