2025 (4) TMI 2194

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....: Shri Manoj Kumar Sinha ORDER PER OMKARESHWAR CHIDARA (AM) :- In this appeal the appellant has claimed that the bank interest received from the Cooperative Banks on surplus funds as exempt under section 80P(2)(d) of the I.T. Act. 2. The Ld. AO and Ld. CIT(A) did not agree with the contentions of the appellant and deduction under section 80P(2)(d) of the Act was denied. 3. Aggrieved....

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....e Housing Society Ltd. Vs. ITO (ITA No. 1346 and 1347 of 2023) * Jaipur Zila Dugdh Utpadak Sahakari Sangh Ltd. Vs. DCIT (ITA No. 512 & 513/JP/2019)(ITAT Jaipur) 5. Ld. AR of the appellant has filed a paper book containing various arguments to demonstrate that the appellant society is entitled for deduction under section 80P(2)(d) of the Act and reliance placed by the Ld. AO on the judi....

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....(d) of the Act. Reliance is placed on the following decisions of Coordinate Benches and Hon'ble Supreme Court for the proposition that the appellant is entitled for deduction under section 80P(2)(d) of the Act :- * Maviyali Service Cooperative Bank Ltd. & Ors. Vs. CIT (Civil Appeal No. 7343-7350 of 2019) * Pathare Prabhu Cooperative Housing Society Ltd. Vs. ITO (ITA No. 1346 ....