2026 (3) TMI 489

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....e : Shri Udol Raj Singh ORDER PER DR. MANISH BORAD, ACCOUNTANT MEMBER : The captioned appeal at the instance of Revenue pertaining to A.Y. 2018-19 is directed against the order dated 26.08.2025 framed by National Faceless Appeal Centre, Delhi (NFAC) arising out of Assessment Order dated 21.03.2025 passed u/s. 143(3) r.w.s.263 of the Income Tax Act, 1961 (in short 'the Act'). 2. At the ....

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....vestments with cooperative banks. Against the said disallowance assessee preferred appeal before ld.CIT(A) and succeeded and now the Revenue is in appeal before this Tribunal. 5. There is no dispute that the assessee is a registered under Maharashtra Cooperative Societies Act, 1960 and is providing credit facilities to its Members and derived interest income on investments kept with Cooperative....

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.... a cooperative bank. Interest/dividend income earned from a cooperative society from its investment with other cooperative societies, whether such society is cooperative bank or not is to be considered for allowing deduction u/s. 80P(2)(d) of the Act. 6. This issue is no longer res integra by virtue of catena of decisions passed by this Tribunal on this very issue and the assessee's case is squ....