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2023 (6) TMI 1277 - AT - Income TaxDeduction u/s. 80P - income derived from business activities including interest income earned from fixed deposits with other cooperative banks - HELD THAT:- As relying on assessee own case [2020 (12) TMI 341 - ITAT CHENNAI] we are of the considered view that the assessee is entitled for deduction u/s. 80P(2)(a)(i) in respect of income derived from its business activity including interest income earned from fixed deposits with other cooperative banks/societies. CIT(A), after considering relevant facts has rightly directed the AO to delete additions made towards disallowance of deduction claimed u/s. 80P(2)(a)(i) and thus, we are inclined to uphold the findings of the ld. CIT(A) and dismiss appeals filed by the revenue.
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