Investment income of Co-Operative Banks eligible for deduction u/s. 80P(2)(a)(i)

IN THE ITAT JAIPUR BENCH ‘B’ ACIT V/s. Bundi Chittorgarh Kshetriya Gramin Bank IT APPEAL NO. 859 (JP.) OF 2011 [ASSESSMENT YEAR 2004-05] Date of Pronouncement – 15.03.2012 ORDER Sanjay Arora, Accountant Member This is an Appeal by the Revenue, arising out of the Order by the Commissioner of Income-tax (Appeals), Ajmer (‘CIT(A)’ for short) dated 01-07-2011, partly allowing assessee’s appeal contesting its assessment u/s. 143(3) of the Income Tax Act, 1961 (‘Act’ for short) dated 14-08-2006, and the assessment year (A.Y.) under ref...