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2022 (10) TMI 257 - AT - Income TaxDeduction u/s 80P - interest earned from Co-operative Banks on FDRs other than co-operative societies - HELD THAT:- We note that issue under consideration is squarely covered by the judgment of Hon'ble jurisdictional High Court of Gujarat in the case of Surat Vankar Sahakari Sangh Ltd. [2016 (7) TMI 1217 - GUJARAT HIGH COURT] as relied on by CIT(A), wherein it was held that assessee-co-operative society was eligible for deduction u/s 80P(2)(d) in respect of gross interest received from cooperative bank. We note that assessee is a co-operative society and therefore is entitled to claim deduction in respect of interest received from another co-operative bank under section 80(P)(2)(d) - we confirm the order passed by the CIT(A) and dismiss the appeal of Revenue.
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