M/S SPLENDOR COMPLEX CHS LTD.,MUMBAI vs. ACIT- CIRCLE-31(3), MUMBAI

A.Y. 2015-16 against the appellate order passed by the National Faceless Appeal Centre, Delhi (NFAC) dated 22nd June, 2023, wherein the appeal filed by the assessee against the assessment order dated 16th December, 2017, passed under Section 143(3) of the Income-tax Act, 1961 (the Act), was partly allowed. However, the assessee was aggrieved wherein the interest received by the assessee of ₹50,58,522/-, from co-operative bank was denied deduction under Section 80P(2)(d) of Income-tax Act, 1961 (the Act).