2015 (12) TMI 1528

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....Both the parties submitted that though the appeals of the assessee relate to two different years but the issue involved in both the appeals are identical except for the assessment year and the amount involved. I, therefore, proceed to dispose of both the appeals by a consolidated order, for the sake of convenience. 3. The assessee, in ITA No.3130/Ahd/2014, for Assessment Year 2010-11, has raised the following grievances :- "1. The ld. CIT(A) has erred both in law and on the facts of the case in wrongly interpreting section 80P of the Act and thereby confirming the action of learned A.O. of not allowing claim of deduction u/s. 80P of the Act for the sum of Rs. 2,55,140/- and further erred in holding that the said income is taxabl....

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....respect to deduction under section 80P of the Act. 5. Learned Representatives fairly agree that the issue is covered in favour of the assessee, by a decision of the Co-ordinate bench of this Tribunal in the case of Amaalsad Vibhag Vividh Karyakari Sahkari Khedut Mandali Limited vs. ITO in ITA Nos.1710 & 1711/Ahd/2011 wherein vide order dated 13.08.2015, the Tribunal has, inter alia, observed as follows :- "7. We have heard the rival submissions and perused the material on record. The issue in the present case is with respect to granting of deduction under 80P on the interest earned on the deposits kept with bank. It is an undisputed fact that the assessee is a co-operative society. It is assessee's submission that the amounts th....