Commissioner Of Income Tax-Ii v. M/S Punjab State Co-Op. Milk Producers Federation Ltd

IN THE HIGH COURT OF PUNJAB AND HARYANA ATCHANDIGARH. I.T.A. No.567 of 2010 & other connected cases beingITA Nos.651 and 755 of 2010 Date of decision: 15.12.2010 Commissioner of Income Tax-II -----Appellant. Vs. M/s Punjab State Co-op. Milk Producers Federation Ltd. -----Respondent CORAM:- HON'BLE MR. JUSTICE ADARSH KUMAR GOELHON'BLE MR. JUSTICE AJAY KUMAR MITTAL Present:-Ms. Urvashi Dhugga, Standing counselfor the Revenue. --- ADARSH KUMAR GOEL, J. This order will dispose of ITA Nos.567, 651 and 755of 2010 as all the appeals involve common question of law. I.T.A. No.567 of 2010 has been preferred by therevenue under Section 260-A of the Income Tax Act, 1961 (forshort, “the Act”) against the order dated 29.1.2010 of the IncomeTax Appellate Tribunal, Chandigarh in I.T.A. No.420/Chandi/2007claiming following substantial question of law:- “Whether on the facts and in the circumstances of thecase, the interest income earned by the assessee onthe working capital advanced to another co-operativesociety or Milk Union is eligible for deduction u/s 80P(2)(d) of the I.T. Act, 1961?” Learned counsel for the revenue does not disputethat the matter is covered by order of this Court dated 10.9.2007in I.T.A. No.584 of 2006 Commissioner of Income Tax,Chandigarh-IIv. M/s Punjab State Co-op. Milk ProducersFederation Ltd., Chandigarh. Accordingly, the appeals are dismissed. A photocopy of this order be placed on the file of each connected case. (ADARSH KUMAR GOEL) JUDGE December 15, 2010ashwani ( AJAY KUMAR MITTAL ) JUDGE