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2022 (7) TMI 494 - AT - Income TaxRevision u/s 263 - deduction under section 80P(2)(a)(i)/80P(2)(d) on the FD made with various Co. op Bank Ltd. - HELD THAT:- This tribunal in the case of Shree Keshav Co-operative Credit Society Limited. [2022 (7) TMI 79 - ITAT RAJKOT] involving identical facts and circumstances has decided the issue in favour of the assessee. Before us, no material has been placed on record by the ld. DR to demonstrate that the decision of Tribunal as cited above has been set aside / stayed or overruled by the higher Judicial Authorities. Before us, Revenue has not placed any material on record to point out any distinguishing feature in the facts of the case for the year under consideration and that of the case referred above nor has placed any contrary binding decision in its support. We hold that there is no error in the assessment framed by the AO under section 143(3) of the Act causing prejudice to the interest of revenue. Thus, the revisional order passed by the PCIT is not sustainable and therefore we quash the same. Hence the ground of appeal of the assessee is allowed.
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