TMI Blog2013 (3) TMI 102X X X X Extracts X X X X X X X X Extracts X X X X ..... hat the identical issues in the assessment years 1991-92, 1993-94, 1996-97 and 1997-98 have been decided by the Tribunal wherein held that investment in PSEB bonds and IDBI bonds by the assessee were eligible for deduction under Section 80P(2)(a)(i) of the Act - rectification allowed. No substantial question of law arises for consideration of this Court. - ITA No. 327 of 2011 (O&M) - - - Dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ether the Hon'ble ITAT is right in dismissing the appeal of the revenue on the issue of disallowance of deduction under Section 80P on interest earned on investment of surplus reserves where such investment is not governed by any statutory provisions for carrying on the business of banking? iii) Whether the Hon'ble ITAT was right in dismissing the appeal of the revenue on the issue of disallowan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r, an appeal against the said was allowed. The Commissioner of Income Tax (Appeals) inter alia relied upon the fact that the identical issues in the assessment years 1991-92, 1993-94, 1996-97 and 1997-98 have been decided by the Tribunal vide common order passed on 04.02.2005. It was held that investment in PSEB bonds and IDBI bonds by the assessee were eligible for deduction under Section 80P(2)( ..... X X X X Extracts X X X X X X X X Extracts X X X X
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