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TMI Blog2024 (4) TMI 1153X X X X Extracts X X X X X X X X Extracts X X X X ..... decision of the co-ordinate Bench on identical facts in the case of Urapar Coop. Agriculture Service Society Ltd [ 2023 (5) TMI 1357 - ITAT AMRITSAR] held since, appellant society being a cooperative society and investment in FDR s was made in another cooperative Society and hence, it is eligible for deduction u/s u/s 80P(2)(d) - Appeal filed by the assessee is allowed. - DR. M. L. MEENA, ACCOUN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lture. The ld. counsel for the assessee has contended that the worthy CIT(A) decision is contrary to the facts in misdirecting himself while upholding the action of the ld. AO in applying the judgment of Hon ble Apex Court delivered in the case of Totgar s Cooperative Society Ltd. v. Income Tax Officer reported in (2010) 322 ITR 283, wherein the said judgment was delivered with regards to section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ns placed before us. Admittedly, the appellant s case is covered by the decision of the co-ordinate Bench on identical facts in the case of Urapar Coop. Agriculture Service Society Ltd. v. Asstt. Commissioner of Income Tax, Circle-2, Jalandhar (supra) wherein vide paras 7 to 9, the Tribunal has held as under: 7. Heard the rival contentions, perused the material available on record and the citation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... et aside and the Addition of Rs. 54,00,164/- is deleted, accordingly. 5. In the present case, the appellant has received interest income from investment with co-operative society. Therefore, on identical facts, respectfully following the co-ordinate Bench decision, we hold that the ld. CIT(A) s order is infirm and perverse to the facts on record. Accordingly, the addition of Rs. 34,62,146/- is del ..... X X X X Extracts X X X X X X X X Extracts X X X X
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