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2018 (12) TMI 323 - ITAT MUMBAIRejection of claim for deduction u/s 80P(2)(d) in respect of interest received on deposits kept with Cooperative Banks - assessee is a registered Co-operative Housing Society - Held that:- There is merit in the contentions of the assessee as it is supported by the order passed by the SMC Bench in the case of Citiscape Co-operative Housing Society Ltd. [2017 (12) TMI 1639 - ITAT MUMBAI] and also the decision rendered by the Division Bench in the case of Sea Grean Co-operative Housing Society Ltd. [2017 (3) TMI 1728 - ITAT MUMBAI]. We set aside the order passed by the learned CIT(A) and direct the Assessing Officer to allow deduction u/s 80P(2)(d) of the Act in respect of interest earned by the assessee from the deposits kept with Co-operative Banks. - decided in favour of assessee
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