RESERVE BANK COOPERATIVE SOCIETY LTD.,JAIPUR vs. ITO, WARD-6(2), JAIPUR, JAIPUR
In the result, the appeal filed by the assessee is dismissed
ITA 10/JPR/2024[2020-21]Status: DisposedITAT Jaipur05 Mar 2024AY 2020-21
Bench: Sh. Sandep Gosain & Dr. M. L. Meena
For Appellant: Sh. P. C. Parwal, C.AFor Respondent: Sh. A. S. Nehra, Addl. CIT
Section 56Section 80PSection 80P(1)Section 80P(2)(a)Section 80P(2)(d)Section 80P(4)
disallowed exemption claimed u/s 80P(2)(d) and
80P(2)(a)(i) of the Act.Also, he relies on the latest judgement of Apex Court
in the case of “Kerala State Co-Operative Agricultural & Rural Development
Bank Ltd. v. Assessing Officer”, [2023] 154 taxmann.com 305 (SC).
7.1 Further the Ld. DR argued that interest earned on FDR is income from
investment
