2010 (3) TMI 181

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..... 1. To be referred to the Reporters or not? 2. Whether the judgment should be reported in the Digest? M. M. KUMAR, J. The Revenue has approached this Court under Section 260A of the Income Tax Act, 1961 (for brevity 'the Act') challenging order dated 3.7.2009 passed by the Income Tax Appellate Tribunal, Amritsar Bench, Amritsar (for brevity 'the Tribunal') in ITA No. 268(ASR)/2009 in respect ....

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....mmissioner of Income Tax v. Nawanshahar Central Co-operative Bank Ltd., [2003] 263 ITR 320, has held that deduction under Section 80P(2)(a)(i) of the Act, on account of interest income on Government securities, debentures, bonds, Kisan Vikas Patras and C.D. of IDBI was admissible. The investment in the said bonds has been held to be statutory investment in accordance with Section 44 of the Punjab ....