2023 (6) TMI 1316

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....appeal by the assessee is directed against the order dated 17-03-2023 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 2020-21. 2. The only issue raised herein is against the denial of deduction u/s.80P in respect of interest income earned from the deposits with other coopera....

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.... the Tribunal contending that the deduction be allowed u/s 80P(2)(d) of the Act. 4. After considering the rival submissions and perusing the relevant material on record, it is seen that the assessee is a co-operative society and earned interest income amounting to Rs.40,65,267/- from the deposits with other Co-operative Banks. The extant issue is no more res integra in view of the catena of dec....