2017 (4) TMI 1548

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....R INCOME TAX For the Respondent : SC FOR ADDL CENTRAL GOVTM SURENDER RAO JUDGMENT: (Per V. Ramasubramanian, J.) This is an appeal filed by the Revenue under Section 260A of the Income Tax Act, 1961, raising the following substantial questions of law: 1) Whether, on the facts and in the circumstances of the case, the Hon'ble Tribunal is correct in upholding the order of the CIT....

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.... the case of M/s. Bangalore club v. DCIT 350 ITR 509? 2. Heard Mr. J.V. Prasad, learned Standing Counsel appearing for the appellant and Mr. A.V. Raghuram, learned counsel appearing for the respondent-assessee. 3. The questions of law raised in these appeals, especially in relation to Cooperative Credit Societies, which earned interest on fixed deposits kept with other banks, has already bee....