2022 (11) TMI 1594

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....DER PER R.S. SYAL, VP : This appeal by the assessee arises out of the order dated 29-06-2022 passed by the National Faceless Appeal Centre (NFAC), Delhi u/s. 250 of the Income-tax Act, 1961 (hereinafter also called 'the Act.) in relation to the assessment year 2018-19. 2. The only issue raised in this appeal is against the denial of deduction u/s.80P(2)(a)(i) on the interest income of Rs.....

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....it is seen that the assessee is a co-operative society which earned interest from various Co-operative Banks. It is seen that the Pune Benches of the Tribunal in Rena Sahakari Sakhar Karkhana Ltd. Vs. Pr. CIT (ITA No. 1249/PUN/2018) has held, vide its order dated 07-01-2022, that though co-operative banks, other than primary agricultural credit society or a primary co-operative agricultural and ru....