https://www.taxtmi.com/caselaws?id=200665 The Tribunal allowed the appeals, granting deductions under section 80P(2)(d) for interest and dividend income from Sindhudurg Central Co-operative Bank. The decision was based on the precedent that co-operative banks qualify as co-operative societies, making the income eligible for deductions under section 80P(2)(d). The alternate plea regarding net versus gross income disallowance was dismissed. The ruling applied mutatis mutandis to both appeals, concluding that the assessee's claims were justified, and the appeals were allowed. en-us Fri, 17 Jun 2016 00:00:00 +0530 Thu, 12 Apr 2018 10:05:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200665 The Tribunal allowed the appeals, granting deductions under section 80P(2)(d) for interest and dividend income from Sindhudurg Central Co-operative Bank. The decision was based on the precedent that co-operative banks qualify as co-operative societies, making the income eligible for deductions under section 80P(2)(d). The alternate plea regarding net versus gross income disallowance was dismissed. The ruling applied mutatis mutandis to both appeals, concluding that the assessee's claims were justified, and the appeals were allowed. Case-Laws Income Tax Fri, 17 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200665