2019 (2) TMI 1435

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..... out of the order passed by the CIT(A)-7, Pune on 09-01-2018 in relation to the assessment year 2015-16. 2. The only issue raised in this appeal is against not allowing deduction u/s.80P of the Income-tax Act, 1961 (hereinafter also called 'the Act') in relation to interest income of Rs. 8,88,884/- earned from Fixed Deposits kept with the Nationalized Banks. 3. I have heard both the sides and per .....

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..... s expressed by the Hon'ble Karnataka High Court in Tumkur Merchants Souharda Credit Cooperative Ltd. Vs. ITO (2015) 230 taxmann 309 (Kar.) allowing the deduction u/s. 80P on interest income and the Hon'ble Delhi High Court in Mantola Cooperative Thrift Credit Society Ltd. Vs. CIT (2014) 110 DTR 89 (Delhi) not allowing deduction u/s.80P on interest income, earned from banks under similar circumstan .....

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