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TMI Blog2020 (2) TMI 978X X X X Extracts X X X X X X X X Extracts X X X X ..... I.T.D.R ORDER PER WASEEM AHMED, ACCOUNTANT MEMBER: The captioned appeal has been filed at the instance of the Assessee against the order of the Learned Principal Commissioner of Income Tax, Vadodara-2, dated 02/03/2017 (in short "Ld. PCIT") arising in the matter of assessment order passed under s. 143(3) of the Income Tax Act, 1961 (here-in-after referred to as "the Act") dt.27/02/2015 relevant ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er section 80P(2)(a)(i) of the Act for Rs. 21,44,284.00 only. 3. The facts in brief are that the assessee in the present case is a co-operative society and engaged in the activity of providing credit facilities to its members. The assessee in the year under consideration claimed a deduction of Rs. 21,44,284.00 under section 80P(2)(a)(i) of the Act which was allowed by the AO in the assessment fra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 21,44,284.00 vide order dated 23-06-2017. 3.4 The assessee against the order dated 23-06-2017 framed by the AO under section 143(3) read with section 263 of the Act preferred an appeal to the learned CIT (A) who was pleased to grant the deduction to the assessee under section 80P(2)(a)(i) of the Act for Rs. 21,44,284 vide Appeal No. CIT (A)/ Vadodara- 2/10096/17-18 dated 29-5-2018. The relevant e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st the order of the learned PCIT under section 263 of the Act is not required to be adjudicated. 5. The learned DR has not brought anything on record contrary to the submissions made by the learned AR for the assessee. But he relied on the order of the ld. PCIT. 6. Heard the rival contentions of both the parties and perused the materials available on record. As there is no grievance to the asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No. CIT (A)/ Vadodara-2/10096/17-18 dated 29-5-2018 would not be maintainable in the light of board circular No. 3 dated 11- 07-2018 on account of low effect as prescribed. Thus we safely assume that the order of the ld. CIT-A has reached to finality. Accordingly, we dismiss the appeal filed by the assessee. 7. In the result, the appeal of the assessee is dismissed. Order pronounced in the Court ..... X X X X Extracts X X X X X X X X Extracts X X X X
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