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2019 (9) TMI 1338 - ITAT JAIPURDeduction u/s 80P - interest expenditure as attributable to the interest income earned on FDRs maintained with Jaipur Cooperative Bank Ltd. - HELD THAT:- Bench has also taken into consideration the judgement cited by the Revenue authorities. However, the Bench noted that recent judgment on the particular issue has already been pronounced by the ITAT Coordinate Bench in the assessee's own case [2019 (10) TMI 759 - ITAT JAIPUR] . Therefore, respectfully following the decision of the ITAT Coordinate Bench in assessee's own case (supra), on the issue in question, we allow the Ground No. 1 and 1.1 of the assessee and dismiss the Ground No. 2 of the Revenue. Claim of deduction for contribution made to ‘Sparsh Trust’ - HELD THAT:-There is no change of circumstances brought to our notice after passing of the orders referred hereinabove or no change in law has been brought to our notice by either of parties. We have heard the rival contentions and perused the material available on record. The issue in question is covered in favour of the assessee by the earlier decisions of the Co-ordinate Benches in assessee’s own case. Respectfully following the earlier decisions of the Coordinate Benches, the contribution made by the assessee to SPARSH Trust is accordingly allowed as an eligible business expenditure under section 37(1) - Decided in favour of assessee.
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