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2014 (10) TMI 997 - AT - Income TaxDeduction u/s. 80P(2)(a)(i) - HELD THAT:- Assessee has filed the copies of the decision of the Pune Bench of the Tribunal in Niphad Nagari Sahakari Patsanstha Ltd. (2015 (1) TMI 1004 - ITAT PUNE) on record and the Departmental Representative for the Revenue has neither controverted the same nor referred to any contrary decisions. In view thereof and for the sake of consistency, we uphold the plea of the assessee that it is entitled to the claim of the deduction under section 80P(2)(a)(i) of the Act We direct the AO to allow claim of deduction under section 80P(2)(a)(i) of the Act on the interest income received from the bank. The grounds of appeal raised by the assessee are thus, allowed.
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