2022 (11) TMI 537

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..... r Karkhana Ltd . [ 2022 (1) TMI 419 - ITAT PUNE ] has held that though co-operative banks, other than primary agricultural credit society or a primary co-operative agricultural and rural development bank, are not eligible for deduction pursuant to insertion of section 80P(4) w.e.f. 1.4.2007, but this provision does not dent the otherwise eligibility u/s 80P(2)(d) of the Act of a co-operative soci .....

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..... For the Revenue : Shri Ramnath P. Murkunde ORDER PER R.S. SYAL, VP : This appeal by the assessee arises out of the order passed by the CIT(A), Pune-11 on 17-08-2022 in relation to the assessment year 2018-19. 2. The only issue raised in this appeal is against the denial of deduction u/s.80P(2)(d) on the interest income of Rs.9,75,345/- and dividend of Rs.3,775/-. 3. .....

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..... t Co-operative Bank. It is seen that the Pune Benches of the Tribunal in Rena Sahakari Sakhar Karkhana Ltd. Vs. Pr.CIT (ITA No.1249/PUN/2018) has held, vide its order dated 07-01-2022, that though co-operative banks, other than primary agricultural credit society or a primary co-operative agricultural and rural development bank, are not eligible for deduction pursuant to insertion of section 80P .....

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