2023 (3) TMI 718

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....RDER PER R.S. SYAL, VP: This appeal by the assessee is directed against the order dated 20-10-2022 passed by the CIT(A) in National Faceless Appeal Centre, Delhi u/s.250 of the Income-tax Act, 1961 (hereinafter also called 'the Act') in relation to the assessment year 2018-19. 2. The only issue raised in this appeal is against not allowing deduction u/s.80P(2)(d) in respect of interest and divi....

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....is seen that the assessee is a co-operative society which earned interest and dividend from Pune Central District Cooperative Bank. It is seen that the Pune Benches of the Tribunal in Rena Sahakari Sakhar Karkhana Ltd. Vs. Pr.CIT (ITA No.1249/PUN/2018) has held, vide its order dated 07-01-2022, that though co-operative banks, other than primary agricultural credit society or a primary co-operative....