ASST. COMMISSIONER OF INCOME TAX, CIRCLE-15(1)., HYDERABAD. vs A.P. DAIRY DEVELOPMENT CO-OPERATIVE FEDERATION LIMITED., HYDERABAD.

Income Tax Appellate Tribunal, HYDERABAD ‘ A ‘ BENCH, HYDERABAD.

Before: SHRI S.S. GODARA & SHRI LAXMI PRASAD SAHU

For Appellant: Shri R. Dipak (D.R.)

that this tribunal co-ordinate bench’s order(s) in assessee's cases for the Assessment Years 2004-05 & 2005-06 and 2009-10 to 2012-13 dt.2.6.2017 has already held that the above interest pertains to public financial institution/scheduled banks not covered u/s. 43B of the Act. There is no distinction coming from the Revenue’s side during the course of hearing before us. We thus adopt judicial consistency to uphold the CIT(Appeals)’s action deleting the impugned section 43B disallowance.

These Revenue’s appeals are dismissed. A copy of common order placed in the respective files.

ASST. COMMISSIONER OF INCOME TAX, CIRCLE-15(1)., HYDERABAD. vs. A.P. DAIRY DEVELOPMENT CO-OPERATIVE FEDERATION LIMITED., HYDERABAD.