2023 (6) TMI 1525

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....tel, CIT-DR ORDER Per PARTHA SARATHI CHAUDHURY, JM: This appeal by the assessee is directed against the order dated 14-03-2023 passed by the Pr. CIT in National Faceless Appeal Centre (NFAC) u/s. 263 of the Income-tax Act, 1961 (hereinafter also called 'the Act') in relation to the assessment year 2018-19. 2. Succinctly, the facts of the case are that the assessee filed its return clai....

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....tive agricultural and rural development bank, are not eligible for deduction pursuant to insertion of section 80P(4) w.e.f. 1.4.2007, but this provision does not dent the otherwise eligibility u/s 80P(2)(d) of the Act of a co-operative society on interest income on investments/deposits parked with a co-operative bank, which is a registered co-operative society as per section 2(19) of the Act, defi....