https://www.taxtmi.com/caselaws?id=178227 The Tribunal allowed the deduction under section 80P(2)(d) for interest and dividend income received by the cooperative society from a cooperative bank, overturning the CIT(A)'s decision. The Tribunal held that the income qualified for deduction despite the distinction between cooperative banks and societies, following a precedent where a similar deduction was allowed for interest income from another cooperative bank. As a result, the appeal filed by the assessee was successful, and the Tribunal did not address the alternate grounds concerning the same income under section 80P(2)(a)(i) of the Income Tax Act. en-us Wed, 24 Sep 2014 00:00:00 +0530 Sat, 30 Jan 2016 15:28:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178227 The Tribunal allowed the deduction under section 80P(2)(d) for interest and dividend income received by the cooperative society from a cooperative bank, overturning the CIT(A)'s decision. The Tribunal held that the income qualified for deduction despite the distinction between cooperative banks and societies, following a precedent where a similar deduction was allowed for interest income from another cooperative bank. As a result, the appeal filed by the assessee was successful, and the Tribunal did not address the alternate grounds concerning the same income under section 80P(2)(a)(i) of the Income Tax Act. Case-Laws Income Tax Wed, 24 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178227