https://www.taxtmi.com/caselaws?id=189871 The Tribunal upheld the CIT(A)'s decision, allowing the co-operative credit society's claim for deduction under Section 80P(2)(d) of the Income Tax Act for interest income earned from deposits with co-operative banks. The Tribunal dismissed the revenue's appeals, concluding that a co-operative bank qualifies as a co-operative society for the purposes of the deduction. As the main issue was decided in favor of the assessee, the validity of reopening assessments for the relevant years was not addressed. en-us Fri, 22 Jan 2016 00:00:00 +0530 Tue, 24 Jan 2017 15:11:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189871 The Tribunal upheld the CIT(A)'s decision, allowing the co-operative credit society's claim for deduction under Section 80P(2)(d) of the Income Tax Act for interest income earned from deposits with co-operative banks. The Tribunal dismissed the revenue's appeals, concluding that a co-operative bank qualifies as a co-operative society for the purposes of the deduction. As the main issue was decided in favor of the assessee, the validity of reopening assessments for the relevant years was not addressed. Case-Laws Income Tax Fri, 22 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189871