2025 (6) TMI 1913

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....ena Lal, Sr.AR ORDER PER PRAKASH CHAND YADAV, JM : The present appeal of the assessee is arising from the order of the National Faceless Appeal Centre / learned Commissioner of Income-tax (Appeals) ["CIT(A)" for short] dated 04.03.2024, having DIN & Order No.ITBA/NFAC/S/250/2023-24/1061939408(1) and relates to the assessment year 2020- 2021. 2. Brief facts of the case as coming out from the ....

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....CIT(A) and assailed that the view of the AO is not tenable. However, the ld.CIT(A) partly allowed the appeal of the assessee and sustained the addition of Rs. 30,79,758/-. 4. Aggrieved with the order of the CIT(A), the assessee has come up in appeal before us and argued that the assessee is entitled for the deduction u/s.80P(2)(d) with respect of the interest income earned on the deposits. 5. Th....

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....sel, distinguishing the decision of the Supreme Court in M/s. The Totgars' Cooperative Sale Society Limited (supra), on the ground that the Court in that case had found that the Society concerned had appropriated amounts forming part of surplus receipts which were due to its members, and invested the same to earn interest during the period when the surplus receipts were in its hands. It was th....