THE NALLEPILLY SERVICE COOPERATIVE BANK LIMITED NOR43,NALLEPILLY vs. ITO, WARD-1 ASSESSMENT UNIT INCOME TAX, AAYAKAR BHAVAN PALAKKAD
In the result, the appeal filed by the assessee stands allowed
ITA 857/COCH/2024[2020-21]Status: DisposedITAT Cochin19 Feb 2025AY 2020-21
Bench: Shri Inturi Rama Rao, Am Assessment Year: 2020-21 Nallepilly Service Co-Op. Bank Ltd. .......... Appellant \5/453 Nallepilly, Chittur, Palakkad 678553 [Pan: Aacat5798F] Vs. The Income Tax Officer, Ward-1 .......... Respondent Aayakar Bhavan, English Church Road Palakkad 678001
For Appellant: ------- None -------For Respondent: Smt. Leena Lal, Sr. D.R
Section 139Section 80PSection 80P(2)(a)Section 80P(2)(d)
43,08,485/- on account of interest received from District Co- operative Bank by holding that such interest income does not qualify for deduction u/s. 80P of the Act.
3. Being aggrieved, an appeal was filed before the CIT(A), who vide the impugned order confirmed the action of the AO.
4. Being aggrieved, the assessee is in appeal before
