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2022 (1) TMI 1187 - AT - Income TaxDeduction u/s. 80P(2)(d) - interest from Co-operative Apex Bank and National Bank - contention of the ld. DR is that interest from co-operative bank is not entitled for deduction u/s. 80P(2)(d) - HELD THAT:- This is issue is already settled by various decisions of the Tribunal wherein it was held that Co-operative Apex Banks are Central Co-operative Banks and is a co-operative society when it is registered under Cooperative Societies Act and interest received from such co-operative bank is eligible for deduction u/s. 80P(2)(d) - See M/S JAIPUR ZILA DUGDH UTPADAK SAHAKARI SANGH LTD., VERSUS DCIT CIRCLE-06 JAIPUR AND VICE-VERSA. [2019 (10) TMI 759 - ITAT JAIPUR]. There is no merit in the argument of the ld. DR and the amount of interest received by the assessee from Co-operative Apex Bank is entitled for deduction u/s. 80P(2)(d) of the Act. Only the interest received from National Bank is not entitled for deduction u/s. 80P(2)(d) of the Act. We dismiss the miscellaneous petition filed by the revenue.
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