THE GRAMIN SEVA SAHAKARI SAMITI MARYADIT,RAIPUR (CG) vs. THE INCOME TAX OFFICER 1(3), RAIPUR (CG)
In the result, the appeal filed by the assessee is allowed for statistical purposes
ITA 31/BIL/2016[2011-12]Status: DisposedITAT Raipur22 Oct 2018AY 2011-12
Bench: Shri R.K. Panda & Ms Suchitra Kambleassessment Year: 2011-12 Gramin Seva Sahakari Samiti Maryadit, Vs. Income Tax Officer 1(3), Vill. Mohda Tilda, Aaykar Bhavan, Raipur, Civil Lines, Raipur (Cg). Raipur, Pan: Aaaag9755H Raipur (Cg).
For Appellant: Shri G.S. Agrawal, CAFor Respondent: Shri P.K. Mishra, CIT, DR
Section 28Section 56Section 80Section 80PSection 80P(2)(a)
68,505/-
Interest on deposits
:
Rs.13,06,258/-
Interest on Rakshit Nidhi
:
Rs. 11,768/-“
4. He observed that the assessee has claimed the entire income of cooperative society from banking business as deductible u/s 80P(2)(a)(i) of the IT Act, 1961. Since the assessee is carrying on the business of banking and providing credit facilities
