VIDHARBHA KONKAN GRAMIN BANK ,NAGPUR vs. INCOME TAX OFFICER WARD 1(5) , NAGPUR
In the result, appeal filed by the assessee for A
ITA 8/NAG/2019[2015-2016]Status: DisposedITAT Nagpur28 Nov 2024AY 2015-2016
Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member
For Appellant: Shri C. NareshFor Respondent: Shri Sandipkumar Salunke
Section 22Section 36(1)Section 36(1)(viia)Section 36(1)(viii)Section 80P
56. Further, in other case of CIT v. Nawanshahar Central Co-op Bank
Lid. reported in [2012] 349 ITR 689, the Hon'ble Supreme Court has also held that "the assessee cooperative society was entitled for deduction under section 80P(2)(a) (i) of Income Tax Act 961, in respect of underwriting commission and interest on PSEB Bonds and IDBI