TMI Blog2013 (11) TMI 1604X X X X Extracts X X X X X X X X Extracts X X X X ..... 13 - SHRI SHAILENDRA KUMAR YADAV, JUDICIAL MEMBER, AND SHRI G.S. PANNU, ACCOUNTANT MEMBER Appellant by : Shri S.B. Walimbe Respondent by : Shri Nikhil Pathak ORDER PER SHAILENDRA KUMAR YADAV, J.M: This appeal has been filed by revenue against the order of Commissioner of Income Tax (Appeal)-I, (short CIT(A)-I) Pune, dated 14.12.2012 for A.Y. 2009-10 on the following ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hakari Bank Ltd. is a bank and therefore cannot routinely be considered as any other cooperative society within the meaning of Sec.80P(2)(d). 4. For these and such other grounds as may be urged at the time of hearing, the order of the learned CIT (Appeals) may be vacated and that of the Assessing Officer be restored. 5. The appellant craves leave to add, alter or amend any or all the grounds ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ative society, the gross total income includes any income referred to in sub-section (2), there shall be deducted, in accordance with and subject to the provisions of this section, the sums specified in subsection (2), in computing the total income of the assessee. 80P(2): The sums referred to in sub-section (1) shall be the following, namely: (a) .. (b) .. (c) .. 2(d): In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ceived on the deposit with the Aurangabad District Central Co operative Bank by the assessee on the deposits are squarely covered u/s. 80P(l)(d) and the interest received on deposit kept with the Aurangabad District Central Cooperative Bank is an allowable deduction. So far as the finding of the Ld. CIT(A) that the provisions of Sec. 80P(2)(a)(i), in our opinion the decision of the Hon'ble Sup ..... X X X X Extracts X X X X X X X X Extracts X X X X
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