THE CUTTACK CREDIT CO-OPERATIVE SOCIETY LTD.,CUTTACK vs. PRINCIPAL CIT, CUTTACK
In the result, appeal of the assessee is dismissed
ITA 201/CTK/2019[2014-15]Status: DisposedITAT Cuttack17 May 2022AY 2014-15
Bench: S/ S/Shri Chandra Mohan Garg, Judicial & Arun Khodpia & Arun Khodpia & Arun Khodpiaassessment Year : 2014-15 The Cuttack Credit Co The Cuttack Credit Co-Operative Vs. Pr. Cit, Cuttack Pr. Cit, Cuttack Society Ltd., A.D. Market, Link Society Ltd., A.D. Market, Link Road, Cuttack Road, Cuttack Pan/Gir No. No.Aadat 5204 F (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri N.R.Biswal N.R.Biswal, Ar Revenue By : Shri M.K.Goutam, Cit (Dr) Date Of Hearing : 29 /3/ 20 / 2022 Date Of Pronouncement : 17 / 5 /2022 O R D E R
For Appellant: Shri N.R.BiswalFor Respondent: Shri M.K.Goutam
Section 142(1)Section 143(3)Section 263Section 80P(2)(d)
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Assessment Year : 2014-15
reconciled statement showing interest income on investment from various organizations. The AO also accepted the submission of the assessee that the interest earned would be deducted from the total income under the provision of Section 80P(2)(d) of the Act as the interest has been earned from other co-operative societies including