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2020 (3) TMI 44 - ITAT BANGALOREDeduction u/s 80P(2)(d) - interest earned as “other income”, in the light of introduction of RERA - HELD THAT:- As decided in M/S. SINDHU CREDIT SOUHARDA SAHAKARI NIYAMITA [2019 (12) TMI 1277 - ITAT BANGALORE] Assessee’s claim regarding deduction u/s. 80P(2)(a)(i) cannot be rejected on this basis that assessee is a Souharda Sahakari and therefore, cannot be regarded as a co-operative society. But after holding so, set aside the order of CIT(A) and restore the matter back to the AO for fresh decision regarding allowability of deduction u/s. 80P(2)(a)(i) after examining other conditions for allowing such deduction because those conditions are not examined by the AO till now. Appeal filed by the assessee is allowed for statistical purposes.
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