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Section 80P3 Section 80P(2)(a)2

ELANTHOOR SERVICE CO OPER BANK LIMITED,ELANTHOOR vs. ITO, WARD 2, THIRUVALLA

In the result, the appeal filed by the assessee is allowed

ITA 468/COCH/2024[2020-21]Status: DisposedITAT Cochin19 Feb 2025AY 2020-21

Bench: Shri Inturi Rama Rao & Shri Soundararajan K.Assessment Year : 2020-21

For Appellant: Shri T.T. Biju, Advocate

Section 80Section 801Section 80PSection 80P(2)(a)

disallowing the entire amount of deduction claimed aggregating to Rs.129,71,670/- for the fact that the gross total income included interest received from other banks- Rs.164,1O,077/-.The assumption taken in this regard is pretty wrong and the learned Assessing Officer cannot take such a conclusion. 6. Though the Assessing Officer had admitted the appellant's eligibility