Tata Motors Karamchari Sahakari Pat Pedhi Ltd, Pune V. ITO Wd- 10[1] Pune, Pune

ITA 1756/PUN/2012

• Counselvise Citation: [2014] 140 COUNSELVISE.COM (IT) 79970 (ITAT-PUNE)
• Duration Of Justice: 1 year(s) 10 month(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 30-06-2014
• Appeal Filed By: Assessee
• Order Result: Allowed
• Bench Allotted: A
• Next Hearing Date: 06-03-2014
• Assessment Year: 2009-2010
• Appeal Filed On: 30-08-2012
• Result in Favour of: Assessee
• Court: TRIBUNAL
• Department Lawyers: MRS SUNITA RAO
• Assessee Lawyers: K SRINIVASAN

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH A, PUNE BEFORE SHRI SHAILENDRA KUMAR YADAV, JUDICIAL MEMBER, AND SHRI G.S. PANNU, ACCOUNTANT MEMBER ITA NO.1756/PN/2012 (A.Y: 2009-10) TATA MOTORS KARAMCHARI SAHAKARI PAT PEDHI LTD., SEC.NO.26, NEAR AKURDI RAILWAY STATION, AKURDI, PRADHIKARAN, PUNE 411044. PAN: AACFT2224R APPELLANT VS. ITO, WARD 10(1), PUNE RESPONDENT APPELLANT BY : SHRI K. SRIN IVASAN RESPONDENT BY : MRS. SUNI TA RAO DATE OF HEARING: 19.06.2014 DATE OF ORDER : 08.07.2014 CORRIGENDUM PER SHAILENDRA KUMAR YADAV, J.M: IN THE ORDER IN ITA.NO.1756/PN/2012, DATED 30.06.2 014, PARA NO.4 IS REPLACED AS UNDER: 4. NOTHING CONTRARY HAS BEEN BROUGHT TO OUR KNOWLE DGE ON BEHALF OF REVENUE. FACTS BEING SIMILAR, SO FOLL OWING THE SAME REASONING WE SET ASIDE THE ORDER OF CIT(A) AND THE ASSESSING OFFICER IS DIRECTED TO ALLOW THE CLAIM DE DUCTION U/S.80P OF THE ACT ON ACCOUNT OF INTEREST 64,18,733/- WHICH PERTAINS TO INTEREST ON DEPOSIT WITH THE BANK OF INDIA (NATIONALIZED BANK). THE ASSESSING OFFICER IS DIRE CTED ACCORDINGLY. 2. WE ORDER ACCORDINGLY. SD/- SD/- (G.S. PANNU) (SHAILENDRA KUMAR YADAV ) ACCOUNTANT MEMBER JUDICIAL MEMBER PUNE, DATED: 8 TH JULY, 2014 GCVSR 2 CORRIGENDUM IN ITA NO.1756 OF 12 TATA MOTORS KARAMCHARI SAH PATPEDHI LTD COPY TO:- 1) ASSESSEE 2) DEPARTMENT 3) THE CIT(A)-V, PUNE 4) THE CIT-V, PUNE 5) THE DR, A BENCH, I.T.A.T., PUNE. 6) GUARD FILE BY ORDER //TRUE COPY// SENIOR PRIVATE SECRETARY, I.T.A.T., PUNE