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Documents citing Allahabad Bank Karmchari Cooperative ... vs Income Tax Officer- 4(1), Kanpur on 19 September, 2018

Vidharbha Kshetriya Gramin Bank ... vs Ngp-W-(101)(3), Nagpur on 13 April, 2026

4. I have heard the rival contentions and perused the record placed before me. The common issue raised in all the instant three appeals is against the denial of deduction u/s.80P(2)(a)(i) of the Act for the interest earned by the respective assesses under appeal from the investments/balance held with Cooperative Banks/Nationalised banks. Ld. Counsel for the 3 ITA Nos.419, 421 and 611/NAG/2025 assessee on the strength of the judicial precedents has contended that the assessee(s) claim u/s. u/s.80P(2)(a)(i) of the Act deserves to be allowed. I note that Coordinate Bench, Nagpur in the case of Nagpur District Shala Karmachari Credit Cooperative Society Vs. ITO similar issue came for adjudication where also assessee is engaged in the activity of providing credit facilities to its Members and has made investment in banks to maintain liquidity of funds in the course of course of its business and derived interest thereof. This Tribunal on due consideration of judicial precedents has held that the assessee is entitled to claim deduction u/s.80P(2)(a)(i) of the Act on the interest earned on investments with Cooperative Banks/Nationalised banks. Finding of Tribunal reads as under :
Income Tax Appellate Tribunal - Nagpur Cites 16 - Cited by 0 - Full Document

Onu General Insurance Employees ... vs Income Tax Officer( Ward 1 (4), Nagpur on 13 April, 2026

6. I note that in the case of Nagpur District Shala Karmachari Credit Cooperative Society Vs. ITO similar issue came for adjudication before this Tribunal where also assessee is engaged in the activity of providing credit facilities to its Members and has made investment in banks to maintain liquidity of funds in the course of course of its business and derived interest thereof. This Tribunal on due consideration of judicial precedents has held that the assessee is entitled to 3 ITA No.732/NAG/2025 Onu General Insurance Employees Cooperative Society claim deduction u/s.80P(2)(a)(i) of the Act on the interest earned on investments with Cooperative Banks/Nationalised banks. Finding of Tribunal reads as under :
Income Tax Appellate Tribunal - Nagpur Cites 17 - Cited by 0 - Full Document

Jayant Bhise Nagri Sahakari Pat Sanstha ... vs Ito Ward 1 Yavatmal, Yavatmal ... on 13 April, 2026

4. I have heard the rival contentions and perused the record placed before me. The common issue raised in all the instant three appeals is against the denial of deduction u/s.80P(2)(a)(i) of the Act for the interest earned by the respective assesses under appeal from the investments/balance held with Cooperative Banks/Nationalised banks. Ld. Counsel for the 3 ITA Nos.419, 421 and 611/NAG/2025 assessee on the strength of the judicial precedents has contended that the assessee(s) claim u/s. u/s.80P(2)(a)(i) of the Act deserves to be allowed. I note that Coordinate Bench, Nagpur in the case of Nagpur District Shala Karmachari Credit Cooperative Society Vs. ITO similar issue came for adjudication where also assessee is engaged in the activity of providing credit facilities to its Members and has made investment in banks to maintain liquidity of funds in the course of course of its business and derived interest thereof. This Tribunal on due consideration of judicial precedents has held that the assessee is entitled to claim deduction u/s.80P(2)(a)(i) of the Act on the interest earned on investments with Cooperative Banks/Nationalised banks. Finding of Tribunal reads as under :
Income Tax Appellate Tribunal - Nagpur Cites 16 - Cited by 0 - Full Document

Shri Santkrupa Sahakari Pratyay ... vs Ito Ward 3(4) Nagpur, Nagpur on 13 April, 2026

4. I have heard the rival contentions and perused the record placed before me. The common issue raised in all the instant three appeals is against the denial of deduction u/s.80P(2)(a)(i) of the Act for the interest earned by the respective assesses under appeal from the investments/balance held with Cooperative Banks/Nationalised banks. Ld. Counsel for the 3 ITA Nos.419, 421 and 611/NAG/2025 assessee on the strength of the judicial precedents has contended that the assessee(s) claim u/s. u/s.80P(2)(a)(i) of the Act deserves to be allowed. I note that Coordinate Bench, Nagpur in the case of Nagpur District Shala Karmachari Credit Cooperative Society Vs. ITO similar issue came for adjudication where also assessee is engaged in the activity of providing credit facilities to its Members and has made investment in banks to maintain liquidity of funds in the course of course of its business and derived interest thereof. This Tribunal on due consideration of judicial precedents has held that the assessee is entitled to claim deduction u/s.80P(2)(a)(i) of the Act on the interest earned on investments with Cooperative Banks/Nationalised banks. Finding of Tribunal reads as under :
Income Tax Appellate Tribunal - Nagpur Cites 16 - Cited by 0 - Full Document
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