H U GUGALE NAGARI SAHKARI PATSANSTHA MARYADIT, AHMEDNAGAR,AHMEDNAGAR vs. INCOME TAX OFFICER, WARD-2, AHMEDNAGAR, AHMEDNAGAR
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Income Tax Appellate Tribunal, PUNE BENCH, ‘A’ PUNE
Before: SHRI R.S. SYAL & SHRI PARTHA SARATHI CHAUDHURY
आदेश / ORDER
PER R.S. SYAL, VP :
This appeal by the assessee is directed against the order
dated 10-10-2023 passed by the CIT(A) in National Faceless
Appeal Centre (NFAC), Delhi in relation to the Assessment
Year 2020-21.
The only issue raised in this appeal is against the denial of
deduction u/s.80P in respect of interest income earned from
Cooperative Societies/Nationalized Banks.
We have heard both the sides and gone through the
relevant material on record. At the outset, the ld. AR submitted
2 ITA No.1110/PUN/2023 HU Gugale Nagari Sah. Patsanstha Maryadit
that similar issue came up for consideration before the Tribunal
(ITA No.218/PUN/2023) in assessee’s own case for the A.Y.
2018-19. A copy of the Tribunal order dt. 18-04-2023 deciding
this issue in favour of the assessee is available on record. The
ld. DR fairly admitted the factual position so stated. In view of
the rival but concurring arguments, we, respectfully following
the precedent, allow the deduction u/s.80P in respect of interest
income in dispute.
In the result, the appeal is allowed.
Order pronounced in the Open Court on 14th December,
2023.
Sd/- Sd/- (PARTHA SARATHI CHAUDHURY) (R.S.SYAL) JUDICIAL MEMBER VICE PRESIDENT पुणे Pune; िदनांक Dated : 14th December, 2023 सतीश आदेश की �ितिलिप अ�ेिषत/Copy of the Order is forwarded to: अपीलाथ� / The Appellant; 1. ��थ� / The respondent 2. 3. The CIT concerned 4. DR, ITAT, ‘A’ Bench, Pune गाड� फाईल / Guard file. 5.
आदेशानुसार/ BY ORDER, // True Copy // Senior Private Secretary आयकर अपीलीय अिधकरण ,पुणे / ITAT, Pune
3 ITA No.1110/PUN/2023 HU Gugale Nagari Sah. Patsanstha Maryadit
Date 1. Draft dictated on 14-12-2023 Sr.PS 2. Draft placed before author 14-12-2023 Sr.PS 3. Draft proposed & placed before JM the second member 4. Draft discussed/approved by JM Second Member. 5. Approved Draft comes to the Sr.PS Sr.PS/PS 6. Kept for pronouncement on Sr.PS 7. Date of uploading order Sr.PS 8. File sent to the Bench Clerk Sr.PS 9. Date on which file goes to the Head Clerk 10. Date on which file goes to the A.R. 11. Date of dispatch of Order. *
