2022 (12) TMI 959

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....appeal by the assessee is directed against the order passed by the CIT(A), Panaji-I on 29-04-2019 in relation to the assessment year 2014-15. 2. The only issue raised in this appeal is against the denial of deduction of Rs.8,01,674/- u/s.80P(2)(d) of the Income-tax Act, 1961 (hereinafter also called 'the Act') in respect of interest earned deposits kept with Goa State Co/op. Bank Ltd. 3. Bri....

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.... the assessee earned interest from the deposits kept with Cooperative Banks amounting to Rs.8,01,674/-, which has been deprived of the benefit of section 80P. The issue of granting deduction u/s 80P on such an income is no more res integra in view of the catena of decisions delivered by the Pune Benches. The Pune Bench in Rena Sahakari Sakhar Karkhana Ltd. Vs. Pr.CIT (ITA No.1249/PUN/2018) has, vi....