2024 (6) TMI 1528

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....(1) of Income Tax Act PER PAWAN SINGH, JUDICIAL MEMBER: 1. This appeal by assessee is directed against the order of Commissioner of Income Tax (Appeal)/Addl/JCIT(A)-5, Kolkata [for short to as "Ld. JCIT(A)"] dated 17.01.2024 for assessment year 2017-18, which in turn arises out of assessment order passed by the Assessing Officer under section 143(3) of the Income Tax Act, 1961 (hereinafter r....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The Ld. Authorized Representative (Ld.AR) for the assessee submits that main ground of appeal raised by assessee is against the disallowance of deduction under section 80P(2)(d) of the Act on account of interest received from cooperative bank of Rs. 2,08,760/-The Ld.AR of the assessee submits that there is no dispute so far as amount of interest income earned from Surat District Co-Operative Bank.....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pute. 3. On the other hand, Ld. Sr-DR for the Revenue supported the order of lower authorities. 4. I have considered the rival submissions of both the parties and have gone through the orders of lower authorities carefully. I find that grounds of appeal raised by assessee is squarely coved by a series of decisions of Surat Tribunal and other benches of Tribunal decisions and decision of Hon'....