IN THE HIGH COURT OF PUNJAB AND HARYANA AT CHANDIGARH. I.T.A. No.25 of 2011 Date of decision: 4.4.2011 The Commissioner of Income Tax -----Appellant. Vs. M/s Kapurthala Ferozepur Kshetriya Gramin Bank. -----Respondent and connected appeals being ITA Nos.26, 28 and 29 of 2011 CORAM:- HON'BLE MR. JUSTICE ADARSH KUMAR GOEL HON'BLE MR. JUSTICE AJAY KUMAR MITTAL Present:- Mr. Vivek Sethi, Standing Counsel for the appellant. --- ADARSH KUMAR GOEL, J. This order will dispose of I.T.A. Nos.25, 26, 28 and 29 of 2011 as all the four appeals involve same questions. I.T.A. No.25 of 2011 has been preferred by the revenue under Section 260-A of the Income Tax Act, 1961 (for short, “the Act”) against the order of the Income Tax Appellate Tribunal, Amritsar dated 10.8.2010 in ITA No.309(ASR)/2010 for the assessment year 2006-07 claiming following substantial questions of law:- “(1) Whether the Tribunal was right in law in disallowing the claim of the assessee bank for deduction u/s 80P I.T.A. No.25 of 2011 (2)(a)(i) in respect of income earned from utilization of its reserve funds being statutory reserves u/s 67(2) of the Gujarat Co-operative Societies Act 1961? (2) Whether the assessee bank is entitled to claim deduction under section 80P(2)(a)(i) in respect of income earned from utilization of its voluntary reserves other than the statutory reserves mentioned above?” Learned counsel for the revenue fairly states that the matter is covered against the revenue by order of this Court dated 2.2.2010 in I.T.A. No.594 of 2009 in CIT v. M/s Shivalik Kshetriya Gramin Bank. Accordingly, these appeals are dismissed. A photocopy of this order be placed on the file of each connected case. (ADARSH KUMAR GOEL) JUDGE April 04, 2011 ( AJAY KUMAR MITTAL ) ashwani JUDGE 2