2023 (6) TMI 125

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..... income was not in order - HELD THAT:- As observed 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 a co-operative society on interest inco .....

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..... CIT-DR ORDER PER R.S. SYAL, VP : This appeal by the assessee is directed against the order dated 28-03-2022 passed by the Pr.CIT in National Faceless Appeal Centre (NFAC) u/s.263 of the Income-tax Act, 1961 (hereinafter also called the Act ) in relation to the assessment year 2017-18. 2. The appeal is time barred by 340 days. The assessee has filed an affidavit explaining the r .....

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..... of the Revenue only on the ground that the claim of deduction u/s.80P on the interest income was not in order. In this regard, it is observed 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 .....

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