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
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 call money depositors. In view of the
view taken by the Assessing Officer, the said income has been
treated as income from
