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2019 (5) TMI 1052 - AT - Income TaxDeduction u/s 80P(2)(a)(i) - interest income earned on deposits with banks - HELD THAT:- As decided in the assessee’s own case for Assessment Years 2009-10 [2019 (1) TMI 1564 - ITAT BANGALORE ] the assessee’s claim for deduction under section 80P(2)(a) in respect of interest income earned from out of bank deposits is restored to the file of the AO for denovo adjudication after examining the facts in the light of the judgments in the case of The Totagars Cooperative Sale Society Ltd., [2010 (2) TMI 3 - SUPREME COURT] and in the case of Tumkur Merchants Souharda Co-operative Ltd., [2015 (2) TMI 995 - KARNATAKA HIGH COURT] - AO shall afford the assessee adequate opportunity of being heard and to file submissions / details required, which shall be duly considered before deciding the issue. - Decided in favour of assessee for statistical purposes.
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