Assessee has raised the ground that on the facts and circumstances of thecase, the CIT(A) erred in upholding action of the assessing officer in sustaining disallowance of deduction under section 80P(2)(a)(i) of the Income Tax Act, 1961 (“ the Act”) to the extent of Rs. 1,90,90,288 claimed on interest income earned from investment of funds in commercial banks and cooperative banks/societies on the ground that such interest income is not eligible for deduction under that section.