https://www.taxtmi.com/caselaws?id=338292 The Tribunal allowed the appeal for relevant assessment years, permitting the deduction for interest earned from deposits with co-operative banks under section 80P. The Tribunal also allowed the deduction for income derived from investments in cooperative societies under section 80P(2)(d) in compliance with the High Court's directions. The penalty under section 271(1)(c) for furnishing inaccurate particulars of income was deemed unjustified due to the debatable nature of the claim under section 80P, leading to its deletion by the Tribunal. en-us Tue, 03 Jan 2017 00:00:00 +0530 Tue, 31 Jan 2017 06:42:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338292 The Tribunal allowed the appeal for relevant assessment years, permitting the deduction for interest earned from deposits with co-operative banks under section 80P. The Tribunal also allowed the deduction for income derived from investments in cooperative societies under section 80P(2)(d) in compliance with the High Court's directions. The penalty under section 271(1)(c) for furnishing inaccurate particulars of income was deemed unjustified due to the debatable nature of the claim under section 80P, leading to its deletion by the Tribunal. Case-Laws Income Tax Tue, 03 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338292