SHRI BASAVESHWAR URBAN CO OPERATIVE CREDIT SOCIETY LTD,BELAGAVI vs. INCOME TAX OFFICER NATIONAL E ASSESSMENT, BELAGAVI
In the result, the appeal filed by the revenue is dismissed and twenty eight appeals filed by the assessee are partly allowed for statistical purpose in aforestated terms
ITA 180/PAN/2024[2020-2021]Status: DisposedITAT Panaji28 Nov 2025AY 2020-2021
Bench: Shri Pavan Kumar Gadale & Shri G. D. Padmahshali
disallowed u/s 57(i) of the Act as interest on non-SLR securities is income from other sources."
2. Clause (id) of sub-section (1) of Section 56