2025 (5) TMI 1780

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....dvocate ORDER PER: INTURI RAMA RAO, AM This appeal filed by the assessee is directed against the order of the National Faceless Appeal Centre, Delhi [CIT(A)], dated 26.07.2024 for Assessment Year (AY) 2020-21. 2. Brief facts of the case are that the respondent, i.e. the Kerala University Employees Co-operative Society Ltd., is a co-operative society duly registered under the Kerala Co-operativ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ugned order allowed the deduction u/s. 80P(2)(a)(i) of the Act following the decision of this Tribunal in assessee's own case for AY 2014-15 in ITA No. MA No. 137/Coch/2019 (Arising out of ITA No. 97/Coch/2019) dated 10.01.2020 by holding that the interest income earned out of the investments with sub-treasuries and District co-operative bank and co-operative society should be assessed as income f....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....IT vs. Peroorkada Service Co-op. Bank Ltd. [2022] 442 ITR 141 (Ker) and interest income earned on investments made with treasury and SBI qualifies for deduction in view of the decision of the Hon'ble Jurisdictional High Court in the case of CIT vs. Sahyadri Co-operative Credit Society Ltd. in ITA No. 63 of 2019. 7. We have heard the rival contentions and perused the material available on reco....