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2021 (11) TMI 1071 - AT - Income TaxDeduction u/s 80P - Disallowance of deduction on the interest received from Bombay Mercantile Bank Ltd. and Ramgharia Co-operative Bank Ltd. - whether it is a case of parking of surplus funds? - CIT-A deleted the addition - HELD THAT:- It is pertinent to note that in the earlier years on the identical issue revenue’s appeal were dismissed and there is no distinguishing factors pointed out by the Ld. DR in the present appeal as well. Therefore, the matter is squarely covered by the decision of the Tribunal in assessee’s own case for earlier years, [2018 (5) TMI 246 - ITAT DELHI] - Authorities below were not justified in refusing to grant deduction under section 80P of the I.T. Act in favour of the assessee.
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