2014 (6) TMI 977

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..... SHAH) 1.0. Feeling aggrieved and dissatisfied with the impugned judgment and order passed by the learned Income Tax Appellate Tribunal (hereinafter referred to as the "Tribunal") dated 27.09.2013 passed in ITA No. 2613/AHD/2012 for AY 2009-10, the Revenue has preferred present Tax Appeal with following proposed substantially question of law. "A. Whether the Appellate Tribunal has substantially .....

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..... ict Cooperative Milk Producers Union rendered in ITA No.3599/AHD/2009 for AY 200506 wherein on identical facts it was held that even if no separate books were maintained or separate balance sheet were filed deduction under Section 80IB of the Act cannot be denied. It is reported that decision of the Tribunal in the case of Banaskantha District Cooperative Milk Producers Union (supra) has been conf .....

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..... med deduction under Section 80(P)(2)(d) of the Act on the interest earned on the fixed deposit with Cooperative Bank and the Societies and it has been found that as such the income was received from the investment in Cooperative Societies and Cooperative Bank. Considering Section 80(P)(2)(d) of the Act when the only requirement was that the income should be received from investment in Cooperative .....

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