PRINCIPAL COMMISSIONER OF INCOME TAX-2 vs. M/S.JAGANNATH CHAUDHURY
The appeal is disposed of as indicated above
ITA/1/2018HC Orissa18 Dec 2019
Bench: MR. JUSTICE K. S. JHAVERI (CJ),MR. JUSTICE K.R.MOHAPATRA
For Appellant: THE PRINCIPAL COMMISSIONER OF INCOME TAXFor Respondent: M/S. SAHYADRI CO-OPERATIVE CREDIT SOCIETY LTD
23,305/- and
ITA Nos.68/2017, 196/2019, 63/2019, 1/2018, 219/2019
-8-
return of income at Rs.1,62,080/-.
5.
The Assessing Officer first disallowed the deduction
claimed under Section 80P of the Act. Further, the Assessing Officer
concludes that the assessee earned income from interest on deposits
from members and deposits made in scheduled Banks from trading
commodities and interest from
