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2016 (7) TMI 1484 - AT - Income TaxDeduction u/s.80P(2)(a) eligibility - disallowance of interest income - Held that:- Society which is carrying on the business of banking activity and providing credit facility to its members is eligible for deduction u/s.80P(2)(a)(i). In view of the decision of the Tribunal in assessee’s own case as well as the decision of the Coordinate Bench of the Tribunal in the case of Shri Laxmi Narayan Nagari Sahakari Patsanstha Maryadit cited (2015 (8) TMI 1085 - ITAT PUNE), find no infirmity in the order of the CIT(A) holding that assessee is entitled to deduction u/s.80P(2)(a)(i) on the interest income. - decided in favour of assessee
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