2015 (9) TMI 1751

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..... BILLAIYA, AM: This appeal by the Revenue is preferred against the order of the Ld. CIT(A)-2, Thane dated 18.12.2013 pertaining to Assessment year 2009-10. 2. The grievance of the Revenue is two fold. Firstly the Ld. CIT(A) erred in deleting the addition of Rs. 33,19,403/- on account of disallowance of deduction u/s. 80P(2)(d) of the Act. Secondly the Ld. CIT(A) erred in allowing the claim u/s....

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....eld as under: " On perusal of the Balance Sheet of the appellant, it is noticed that the appellant has shown investment as "Bank Investment" at Rs. 3,42,21,154/-. Thus, from the material available on record, it is not clear as to whether these investments are with the Co-operative banks or other banks. Since deduction u/s. 80P(2)(d) will be admissible only on the interest earned from Co-operativ....