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2022 (9) TMI 30 - ITAT PUNERevision u/s 263 - AO had wrongly accepted section 80P(2)(a) deduction claim regarding interest income derived from deposits made in the co-operative banks - HELD THAT:- We have given our thoughtful consideration to the Revenue’s foregoing arguments supporting the learned PCIT’s revision directions and find no merit therein as this tribunal’s recent co-ordinate bench’s order in Rena Sahakari Sakhar Karkhana [2022 (1) TMI 419 - ITAT PUNE] held that interest income earned by a co-operative society on its investments held with a co-operative bank would be eligible for claim of deduction under Sec.80P(2)(d) CIT-DR could hardly pinpoint any distinction on facts and on law regarding the instant issue of 80P deduction claim raised on interest income derived from deposits made in co-operative banks. We accordingly reverse the learned PCIT’s revision directions in issue. Ordered accordingly.
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