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2016 (7) TMI 1665 - ITAT PUNEDeduction u/s. 80P(2)(a)(i) - interest income on bank deposits with various banks other than cooperative banks/societies - CIT-A allowed the deduction - HELD THAT:- Tribunal in [2015 (8) TMI 1085 - ITAT PUNE] has elaborately discussed the issue and held that interest income earned by the assessee on short term deposits kept with banks has to be allowed as deduction u/s.80P(2)(a)(i) of the Act. Since the facts of the impugned assessment year are identical to the facts in A.Y. 2010-11, therefore, following the decision of the Coordinate Bench of the Tribunal in assessee’s own case and in absence of any contrary material brought to my notice uphold the order of the CIT(A) on this issue and the grounds raised by the Revenue are dismissed.
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