2018 (11) TMI 1576

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..... 2-13 in assessee's own case allowed deduction on interest income earned from investments in Fixed Deposits. A copy of the order has been placed on record. Such decision has been taken after considering the judgment in the case of Totgar’s Cooperative Sale Society Ltd. VS. ITO (2010 (2) TMI 3 - SUPREME COURT ). The ld. Departmental Representative fairly admitted that the facts and circumstances of .....

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..... observed that the assessee earned interest income amounting to ₹ 22.64 lakh and odd on certain investments/FDRs and also claimed deduction u/s.80P in respect of such interest income. The AO denied the deduction which view came to be upheld in the first appeal. It is observed that similar issue was raised in the assessee's appeal for the immediately preceding assessment year 2012-13. Vide it .....

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