IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH : BANGALORE BEFORE SHRI PRASHANT MAHARISHI, VICE PRESIDENT Assessment year : 2017-18 Bhaskara Employees Credit Vs. The Income Tax Officer, Co-operative Society Ltd., Ward 4(2)(2), ISRO Satellite Centre, Airport Road, Bengaluru.

Vimanapura Post, Bengaluru – 560 017. PAN: AAATB 1577B APPELLANT RESPONDENT Appellant by : Shri Siva Prasad Reddy, ITP.

Respondent by : Shri Ganesh R. Ghale, Standing Counsel for the Revenue.

Date of hearing : 23.09.2025 Date of Pronouncement : 30.09.2025

O R D E R

1. This appeal is filed by Bhaskara Employees Credit Co-operative Society Ltd. (the assessee/appellant) for the assessment year 2017-18 against the appellate order passed by the Addl/JCIT(A)-1, Visakhapatnam [ld. CIT(A)] dated 6.3.2025 wherein the appeal filed by the assessee against the assessment order passed u/s. 143(3) of the Income-tax Act, 1961 [the Act] dated 27.12.2019 by the ITO, Ward

4(2)(2), Bangalore [ld. AO] was dismissed.

2. Only grievance in the appeal is with respect to the denial of deduction u/s 80P (2) (a) (i) of ₹ 470,921/– being the interest income accruing on statutory investment in fixed deposits and cooperative banks and scheduled