TMI Blog2022 (10) TMI 898X X X X Extracts X X X X X X X X Extracts X X X X ..... ITAT PUNE] decided the question of availability of deduction u/s 80P on interest income by noticing that the Pune Bench in an earlier case of Shri Laxmi Narayan Nagari Sahakari Pat Sanstha Maryadit [ 2015 (8) TMI 1085 - ITAT PUNE] has allowed similar deduction. In the said case, the Tribunal discussed the contrary views expressed in Tumkur Merchants Souharda Credit Cooperative Ltd. [ 2015 (2) TM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er on this score and allow the deduction - Assessee appeal is allowed. - ITA No.183/NAG/2021 - - - Dated:- 18-10-2022 - Shri R.S. Syal, Vice President For the Assessee : Shri Naresh Jakhotai For the Revenue : Shri Kailash G. Kanojiya ORDER PER R.S. SYAL, VP: This appeal by the assessee arises out of the order dated 30-09-2021 passed by the National Faceless Appeal Cen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t for filing of the appeals. I, therefore, condone the delay in filing the instant appeal and admit the same for disposal on merits. 3. The assessee is aggrieved by the denial of deduction u/s.80P in respect of interest income amounting to Rs.6,13,359/- earned from term deposits kept with banks. 4. Tersely stated, the facts of the case are that the assessee showed interest received on term d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agari Sahakari Patsanstha Maryadit Vs. The Pr.CIT (ITA No.713/PUN/2016) decided the question of availability of deduction u/s 80P on interest income by noticing that the Pune Bench in an earlier case of Shri Laxmi Narayan Nagari Sahakari Pat Sanstha Maryadit Vs. ITO (ITA No.604/PN/2014) has allowed similar deduction. In the said case, the Tribunal discussed the contrary views expressed by the H ..... X X X X Extracts X X X X X X X X Extracts X X X X
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