9911796707
TMI Blog2023 (8) TMI 1073X X X X Extracts X X X X X X X X Extracts X X X X ..... ers and the income is only from interest through lending business. The petitioner has submitted the details of its transaction in the annexures submitted along with the reply. On receipt of the reply the respondent has directed the petitioner to the submit the name and address along with PAN numbers of the members. The contention of the petitioner is that there are 3000 members and it is voluminous documents and hence the petitioner was is seeking personal hearing to produce the register manually. The respondent submitted since it is faceless assessment the request of the petitioner cannot be entertained. The petitioner further submitted since the society is lending money to farmers, the farmers may not have PAN numbers. The petitione ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... id thereon for each lender. Even then the petitioner uploaded volumes of documents along with the explanation and the e-response was received on 11.08.2022. The petitioner had submitted the relevant records including audit report, profit and loss accounts and balance sheet. The respondents were not satisfied with the attached details. Hence, further notice, dated 16.11.2022, was issued, calling upon the petitioner to submit further details to the queries listed under: 1. Name and complete address with PAN of the members to whom you are providing credit facilities and accepting loans. 2. Details of Receipts/deposits and Disbursement statement as on 31.03.2021 3. Details of Interest earned and accrued as on 31.03.2021. 4. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... since it is faceless assessment. 4. After hearing the rival arguments this Court has given its anxious consideration. It is seen that the petitioner is the Primary Agricultural Credit Society (PACS) and the society is formed for lending loans to the members who are farmers and the income is only from interest through lending business. The petitioner has submitted the details of its transaction in the annexures submitted along with the reply. On receipt of the reply the respondent has directed the petitioner to the submit the name and address along with PAN numbers of the members. The contention of the petitioner is that there are 3000 members and it is voluminous documents and hence the petitioner was is seeking personal hearing to produ ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
