2015 (11) TMI 1779

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....kumar, Sr DR ORDER George George. K., These three appeals, at the instance of the assessee, are directed against the consolidated order of he CIT(A) dated 30.9.2014. The relevant assessment years are 2007-08, 2008-09 & 2010-11. 2 The assessee, for the three assessment years, has raised identical 9 grounds of appeal. Ground nos 1 & 9 are general in nature and no specific adjudication is....

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....erred appeals before the first appellate authority. The CIT(A) confirmed the assessment orders for the respective assessment years. The CIT(A) followed various orders of the Cochin Bench of the Tribunal in the case of M/s Kunnamangalam Cooperative Bank vs ITO and in the case of M/s Pinarayi Service Cooperative Bank Ltd vs ITO and denied the benefit of deduction u/s 80P of the Act. The relevant fin....

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....all the cases." 5 The assessee being aggrieved is in appeal before us on this issue. The ld DR, at the very outset, submitted that the issue in question is squarely covered by the various orders of the Tribunal referred in the impugned CIT(A)'s order. The ld AR of the assessee submitted that the Hon'ble Karnataka High Court in the recent judgment in the case of Laxmi Credit Souhard Sahakari Ltd....