2025 (6) TMI 710

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....k Meshram ORDER PER DR. MANISH BORAD, 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 informati....

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....TA No.598/Mum/2023 order dated 08.05.2023 and also 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. Depart....

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....ooperative Societies except that they get license for 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 ....