2022 (4) TMI 1649

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..... nal had erred in holding that the order passed by the AO is neither erroneous nor prejudicial to the interest of Revenue by ignoring the decision of Totgars Cooperative Sale Society Ltd[2010 (2) TMI 3 - SUPREME COURT] wherein it was held that interest earned from investments made in any bank not being cooperative society, is not deductible under section 80P(2)(d) of the Act. Whether Tribunal had .....

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..... Court of Gujarat in the case Katlary Kariyana Merchant Sahkari Sarafi Mandali Ltd. [2022 (1) TMI 1309 - GUJARAT HIGH COURT]
HONOURABLE MR. JUSTICE J.B.PARDIWALA and HONOURABLE MS. JUSTICE NISHA M. THAKORE MRS KALPANAK RAVAL(1046) for the Appellant(s) No. 1 ORAL ORDER PER : HONOURABLE MR. JUSTICE J.B.PARDIWALA 1 We have heard Ms. Kalpana Raval, the learned Senior Standing Counsel appeari .....

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..... d with only because another view is possible without appreciating that the view taken by the AO was unsustainable in law in light of the provisions of section 80P(4) of the Act and reflects non application of mind by the AO. [iii] Whether on facts and circumstances of the case and in law, the Hon'ble Tribunal had erred in quashing the revision proceedings u/s 263 of the Income Tax Act by ov .....

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