https://www.taxtmi.com/caselaws?id=343661 The ITAT upheld the CIT(A) decision, confirming relief granted to the assessee on interest earned from non-members under section 80P(2)(a)(i) of the Income-tax Act, 1961. The CIT(A) distinguished between Cooperative Societies and Cooperative Banks for deduction purposes under the same section, leading to the deletion of additions. The final decision categorized by the CIT focused on the need for further appeal based on legal issues and non-member transactions. Ultimately, the ITAT's judgment on 26th May 2017 favored the assessee, emphasizing the significance of legal interpretations in tax disputes. en-us Fri, 26 May 2017 00:00:00 +0530 Mon, 29 May 2017 17:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343661 The ITAT upheld the CIT(A) decision, confirming relief granted to the assessee on interest earned from non-members under section 80P(2)(a)(i) of the Income-tax Act, 1961. The CIT(A) distinguished between Cooperative Societies and Cooperative Banks for deduction purposes under the same section, leading to the deletion of additions. The final decision categorized by the CIT focused on the need for further appeal based on legal issues and non-member transactions. Ultimately, the ITAT's judgment on 26th May 2017 favored the assessee, emphasizing the significance of legal interpretations in tax disputes. Case-Laws Income Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343661