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TMI Blog2015 (6) TMI 1270X X X X Extracts X X X X X X X X Extracts X X X X ..... na Utpadak Sahkari Samiti Ltd., Hardoi and Income Tax Officer, Hardoi vs. Sahkari Ganna Vikas Samiti Ltd., Hardoi [ 2014 (11) TMI 1286 - ITAT LUCKNOW] and the ld. CIT (A) has followed the said orders while holding that deduction under section 80P of the Act is allowable to the assessee on the interest on FDRs from banks and post office. Copies of the orders of the Tribunal are placed on record. Si ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... see as deduction u/s 80 P (2)(d) of the I.T. Act, 1961 which is not admissible following the decision of the Hon'ble Supreme Court in the case of Totgar's Cooperative Sale Society Limited 322-ITR-283( SC )-2010 and the Hon'ble Jurisdictional High Court, Allahabad decision in the case of CIT, Bareilly Vs. Cooperative Cane Development Union Limited Bheera, Lakhimpur Klieri (ITA. No. 520/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on FDR and from the post office, following the judgment of the jurisdictional High Court in the case of CIT vs. Co-operative Cane Development Union Ltd., 118 ITR 770 (Alld). Therefore, there is no infirmity in the order of the ld. CIT(A). 3. The ld. D.R., on the other hand, has placed reliance upon the order of the Assessing Officer. 4. Having carefully examined the orders of the lower authoritie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ich similar view was taken by the Tribunal. Since the ld. CIT (A) has adjudicated the issue following the order of the Tribunal in the aforesaid cases, we find no infirmity in his order. We accordingly confirm the order of the ld. CIT(A). 5. In the result, appeal of the Revenue stands dismissed. Order was pronounced in the open court on the date mentioned on the captioned page. - - TaxTMI - TM ..... X X X X Extracts X X X X X X X X Extracts X X X X
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