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2018 (7) TMI 1566 - AT - Income TaxDeduction u/s.80P(2)(a)(i) & Section 80P(2)(d) - Interest and dividend income received from the Banaskantha Dist.Central Co-operative Bank Ltd. - Held that:- Taking into consideration the entire facts of the matter and the decision cited by the Ld. AR, we are of the considered view that the assessee is entitled to deduction u/s.80(2)(a)(i) & 80P(2)(d) of ₹ 22,52,868/- & ₹ 4,44,200/- being interest and dividend income respectively derived from the deposits with the Banaskantha Dist.Central Cooperative Bank Ltd. and thus accordingly delete the impugned disallowance of ₹ 22,51,000/-.
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