TMI Blog2016 (4) TMI 1095X X X X Extracts X X X X X X X X Extracts X X X X ..... the Petitioner : Shri Sanjeev Jain (C.A.) Shri Rakesh Sethi (CA) For the Respondent : Shri Neena Jeph (JCIT) ORDER Per Shri Vikram Singh Yadav, A. M. These two appeals are filed by the assessee against the order of Ld. CIT(A) Ajmer dated 31.10.2014 and 26.03.2015 for A.Y. 2008-09 and 2009-10 respectively wherein the assessee has taken the following common ground of appeal. The ld. CIT(A) has erred in law as well as on facts of the case by disallowing the claim of the assessee for deduction u/s 80P(2)(a)(i) of the Act. 2. At the outset, the ld. AR submitted that the issue involved in the present appeals for A.Y. 2008-09 and 2009-10 is the same as was in A.Y. 2007-08 i.e. whether the assessee was held entitled to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - - - - - - - - Total 950.00 798 21,22 168 147.24 966 968,46 101.94 A.Y. 2009-10 Sl .No. Name of Sector Targets Loan Disbursement % Achieved Upto Last Month Current Month Total No. Amount No. Amount No. Amount 1 Minor Irrigation 180.00 229 179.88 - - G229 179.88 99.93 2. Farm Mech 190.00 39 187.67 - - 39 187.67 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... irrigation and agricultural equipments, rearing of the cattle s namely cows, buffaloes, goats and sheep. These are agricultural activities within the meaning of Act itself and further comes within the scope of agricultural and rural development activities. Thus giving the loans for the agriculture implements seeds, and live stock clearly entitle the assessee to avail the benefit of section 80P of the Act. Therefore, we hold that Revenue was wrong in contending that the giving loan for livestock only i.e. com, buffalo, goat and sheet is not agricultural activities and therefore the assessee is entitled to deduction under the above said provision. In the result thereof we hereby allow the appeal with the direction to the AO to gi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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