2016 (4) TMI 1095

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....JCIT) ORDER Per Shri Vikram Singh Yadav, A. M. These two appeals are filed by the assessee against the order of Ld. CIT(A) Ajmer dated 31.10.2014 and 26.03.2015 for A.Y. 2008-09 and 2009-10 respectively wherein the assessee has taken the following common ground of appeal. "The ld. CIT(A) has erred in law as well as on facts of the case by disallowing the claim of the assessee for deduction u/....

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.... 162 119.03 33 20.91 195 139.94 103.65 2. Farm Mech 325.00 65 306.27 8 37.17 73 343.44 105.67 3. Diversified 370.00 522 310.61 117 68.94 639 379.55 102.58 4. Non.agr 70.00 29  50.40 7 12,86 36 63.26 90,37 5. Rural Housing 50.00 0 34.91 3 .36 23 42.27 84.54 6. Crop loan        - - - - - - - - Total 950.00 798 21,22 168 147.24 966 968,46....

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....to 89.10% for A.Y. 2008-09 and 86.41% for A.Y. 2009-10. It is humbly submitted that the ratio laid down by the Hon'ble ITAT Jaipur Benches, in the case of the assessee itself for A.Y. 2007-08, apply similarly for the A.Y. 2008-09 and 2009-10 as the issue and facts involved in the case for both the years are similar. 3. The Coordinate Bench in ITA No.938/JP/13 dated 24.09 .2015 has given the foll....

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....In the result thereof we hereby allow the appeal with the direction to the AO to give all the benefits to the assessee under 80P of the Act." 4. We have heard the rival arguments and pursued the material available on record. The assessee has clearly demonstrated through its loan disbursed statement that during A.Y. 2008-09, it had disbursed 89.10% of its total loan disbursed towards agricultural....