2025 (6) TMI 710

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....AD, ACCOUNTANT MEMBER : The captioned appeal at the instance of assessee is directed against the order dated 15.12.2023 framed by National Faceless Appeal Centre, Delhi u/s.250 of the Income-tax Act, 1961 (in short 'the Act') arising out of Assessment Order dated 19.01.2021 passed u/s.143(3) r.w.s.143(3A) & 143(3B) of the Act. 2. Registry has information that there is delay of 305 days in filin....

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....lso in the case of The Navyug Cooperative Housing Society Ltd. Vs. DCIT in ITA No.14/Mum/2024 order dated 10.05.2024 and various other decisions of Coordinate Benches placed in the case law paper book stated that interest income earned from deposits/ investments with Cooperative Banks is also eligible for deduction u/s.80P(2)(d) of the Act. Ld. Departmental Representative failed to controvert this....

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....or doing the banking business. We find that this Tribunal in case of Kolhapur District Central Co-op. Bank Kanista Sevakanchi Sahakar Pat Sanstha Ltd., Vs. ITO in ITA No.1365/PUN/2023, dated 01.01.2024 dealing with similar issue after placing reliance on another decision of this Tribunal in the case of The Ugar Sugar Works Kamgar & Dr. Shirgaokar Shaikshanik Trust Nokar Co-op Credit Society vs. IT....