TMI Blog2019 (2) TMI 1435X X X X Extracts X X X X X X X X Extracts X X X X ..... by the Pune Bench of the Tribunal in ITO Vs. Sureshdada Jain Nagri Sahakari Patsanstha [2018 (11) TMI 1589 - ITAT PUNE] and host of other orders reiterating the similar view, reverse the impugned order in denying deduction u/s.80P on the interest income earned on Fixed Deposits kept with Nationalized banks. - Decided in favour of assessee. - ITA No.541/PUN/2018 - - - Dated:- 22-2-2019 - Shri R. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion. The ld. AR placed on record a copy of an order of the Pune Bench dated 28-11-2018 in the case of ITO Vs. Sureshdada Jain Nagri Sahakari Patsanstha (ITA No.589/PN/2016) wherein the decision of CIT(A) allowing deduction u/s.80P was approved by the Tribunal. I find the said decision is squarely applicable to the facts of the instant case. 4. Further, it is noticed that the Pune Bench of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Hon ble jurisdictional High Court on the point, the Tribunal in Shri Laxmi Narayan Nagari Sahakari Pat Sanstha Maryadit ( supra ) preferred to go with the view taken in favour of the assessee by the Hon ble Karnataka High Court in the case of Tumkur Merchants Souharda Credit Cooperative Ltd. (supra). 5. In the absence of there being any change in the legal position prevailing on this is ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
