SRI SAI CHANNABASAVESHWARA PATTINA SOURDHA SAHAKARI SANGHA NIYAMITH,SINDHANUR vs. INCOME TAX OFFICER, WARD-1 , RAICHUR
ITA 1634/BANG/2024[2020-21]Status: DisposedITAT Bangalore21 Apr 2025AY 2020-21
Bench: Shri Waseem Ahmedassessment Year: 2020-21
For Appellant: Shri B.S Balachandra, AdvocateFor Respondent: Shri Ganesh R Gale, Standing Counsel for Dept
Section 80(2)(a)Section 80P(2)(a)
holding the interest income earned on statutory deposit with cooperative bank as well as commercial bank is not eligible for deduction under section 80(2)(a)(ia) or 80P(2)(d) of the Act.
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3. The relevant facts are that the assessee is a cooperative society
