IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH “SMC”, MUMBAI BEFORE SHRI NARENDER KUMAR CHOUDHRY, JUDICIAL MEMBER Assessment Year: 2017-18 M/s. Mumbai Mint Income Tax Officer-

Employees’ Co-Operative 17(2)(4), Credit Society Ltd., Room No.112, 1^st Floor, Vs.

I.G. Mint, S.B. Road, Fort, Kautilya Bhavan, Mumbai – 400 001 C-41 to C-43, G Block, PAN: AAAAT8304P Bandra (East), Mumbai - 400061 (Appellant) (Respondent)

Present for:

Assessee by : Shri Mandar Vaidya, Ld. A.R.

Revenue by : Shri Praveen K. Srivastav, Ld. Sr. D.R.

Date of Hearing : 17.11.2025 Date of Pronouncement : 17.11.2025

O R D E R

Per : Narender Kumar Choudhry, Judicial Member:

This appeal has been preferred by the Assessee against the order dated 05.08.2025, impugned herein, passed by the Ld. Commissioner of Income Tax, (in short Ld. Commissioner) u/s 250 of the Income Tax Act, 1961 (in short ‘the Act’) for the A.Y. 2017-

18.

2. In this case, the Assessee has claimed deduction u/s 80P of the Act to tune of Rs.17,05,275/- being income earned from co- operative banks, by filing return of income on 01.11.2017 declaring income as Rs. “Nil”. The AO vide assessment order dated 15.12.2019, disallowed the said deduction claimed by ho