claim for 100% deduction from Section
80P(2)(a) of the Act to 80P(2)(d) of the Act does not make a
difference because ... categories
mentioned in section 80P(2)(a) of the Act.
However, section 80P(2)(d) of the Act specifically
exempts interest earned from funds invested
exempted under section 80P(2) has to
be arrived at separately in order to determine the income under
section 80P(2) and it can never ... exempted under section 80P(2) has to
be arrived at separately in order to determine the income under
section 80P(2) and it can never
section (4) of Sec. 80P , the
assessee would no more be entitled for claim of deduction under Sec.
80P(2)(d) of the interest income ... 80P(2)(a)(i) , and not on the entitlement of a co-operative
society towards deduction under Sec. 80P(2)(d) on the interest income
earning interest on
deposits. The assessee claimed deduction u/s 80P(2)(d) of the Act.
The assessee claimed deduction ... Cooperative banks.
Since as per sec. 80P(4) of the Act to provision of sec. 80P(2)(d) are
not applicable to co-operative banks
escaped
assessment.
2) The assessee had claimed deduction of Rs.2.29 crores
(rounded off) for interest under section 80P(2)(d ... claim of deduction of interest
of Rs.2.29 crores under section 80P(2)(d) of the Act. In this
context, the Assessing Officer during
80P(2)(a)(i) but was not eligible for deduction u/s 80P(2)(d) in respect of
the interest income ... 80P(2)(i) of the Act. Without prejudice to the above, it was submitted that
besides eligible u/s 80P(2)(d) assessee was also
assessee.
80P(2): The sums referred to in sub-section (1) shall be the
following, namely:
(a) ...........
(b) ...........
(c) ...........
2(d): In respect ... assessee.
80P(2): The sums referred to in sub-section (1) shall be the
following, namely:
(a) ...........
(b) ...........
(c) 2(d): In respect
close perusal of the provisions of u/s 80P(2)(a)(i)
and 80P(2)(d) it is clear that the former deals with deduction ... Court (supra) under section
80P(2)(a)(i) of the Act
ct and not under the section 80P(2)(d
assessee is entitled to
deduction u/s 80P(2)(a)(i) and 80P(2)(d) of the I.T.Act, the
recent order ... neither of the nature specified in
Sec.80P(2)(a)(i) or 80P(2)(d) of the Act.
15. The argument of the learned counsel
section (4) of Sec. 80P , the assessee would no more be entitled for
claim of deduction under Sec. 80P(2)(d) in respect ... 80P(2)(a)(i), and not on the entitlement of a co-
operative society towards deduction under Sec. 80P(2)(d) on the interest
income
