2017 (4) TMI 1548

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..... SC FOR ADDL CENTRAL GOVTM SURENDER RAO JUDGMENT: (Per V. Ramasubramanian, J.) This is an appeal filed by the Revenue under Section 260A of the Income Tax Act, 1961, raising the following substantial questions of law: 1) Whether, on the facts and in the circumstances of the case, the Hon'ble Tribunal is correct in upholding the order of the CIT(A) deleting the disallowance of deduction claim .....

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..... 2. Heard Mr. J.V. Prasad, learned Standing Counsel appearing for the appellant and Mr. A.V. Raghuram, learned counsel appearing for the respondent-assessee. 3. The questions of law raised in these appeals, especially in relation to Cooperative Credit Societies, which earned interest on fixed deposits kept with other banks, has already been decided by us in a batch of writ petitions in W.P.Nos.127 .....

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