2022 (12) TMI 505

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....er passed by National Faceless Appeal Centre (NFAC), Delhi on 27.08.2022 in relation to assessment year 2017-18. 2. The only issue raised in this appeal is against denial of deduction u/s 80P(2)(a)(i) of the Income-tax Act, 1961 (hereinafter referred to as "the Act‟) in respect of interest income received from other Co-operative societies. 3. Briefly stated, the facts of the case are that ....

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.... the Pune Tribunal in Sant Motiram Maharaj Sahakari Pat Sanstha Ltd. vs. ITO (2020) 120 taxmann.com 10 (Pune-Trib). Para 10 is relevant for the purpose, which reads as under: "10. Insofar as the reliance of the ld. DR on the case of Pr. CIT and Another Vs. Totagars Cooperative Sales Society (2017) 395 ITR 611 (Kar.) is concerned, we find that the issue in that case was the eligibility of deducti....