Held that the issue which was not examined in first round of litigation is cannot be raised in second round of litigation. Only the expenditure attributable to earning of interest income is allowable (AY.2006-07)
West Bengal State Co-Operative Agriculture And Rural Development Bank Ltd. v. ACIT (2024)116 ITR 610 (Kol)(Trib)
S. 56 : Income from other sources-Interest income-Lending to members-Only the expenditure attributable to earning of interest income is allowable-Issue which was not examined in first round of litigation is cannot be raised in second round of litigation. [S. 57.80P(2)(a)(i)]