2015 (9) TMI 1751

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..... K. BILLAIYA, AM: This appeal by the Revenue is preferred against the order of the Ld. CIT(A)-2, Thane dated 18.12.2013 pertaining to Assessment year 2009-10. 2. The grievance of the Revenue is two fold. Firstly the Ld. CIT(A) erred in deleting the addition of Rs. 33,19,403/- on account of disallowance of deduction u/s. 80P(2)(d) of the Act. Secondly the Ld. CIT(A) erred in allowing the claim u/ .....

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..... held as under: " On perusal of the Balance Sheet of the appellant, it is noticed that the appellant has shown investment as "Bank Investment" at Rs. 3,42,21,154/-. Thus, from the material available on record, it is not clear as to whether these investments are with the Co-operative banks or other banks. Since deduction u/s. 80P(2)(d) will be admissible only on the interest earned from Co-operati .....

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..... w and have gone through the judicial decisions placed before us. Considering the facts of the case in the light of the judicial decisions brought to our notice, we do not find any error or infirmity in the findings of the Ld. CIT(A) mentioned hereinabove. 9. In the result, the appeal filed by the Revenue is dismissed. Order pronounced in the open court at the time of hearing on 10th September, 2 .....

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