Grounds Not Raised Before CIT(A): ITAT Cochin Dismisses Appeal on Gratuity

Vellanikkara Service Co-op. Bank Ltd Vs ITO (ITAT Cochin) Income Tax Appellate Tribunal (ITAT), Cochin bench, has dismissed an appeal filed by Vellanikkara Service Co-operative Bank Ltd. against an order of the National Faceless Appeal Centre (NFAC), Delhi, for the Assessment Year 2018-19. The appeal primarily concerned a disallowance related to a provision for gratuity. The case originated from the bank’s return of income for AY 2018-19, where it declared nil income after claiming a deduction of Rs. 3,99,21,348/- under section 80P of the Income Tax Act, 1961. The Income Tax Officer (ITO...