https://www.taxtmi.com/caselaws?id=368967 The Tribunal dismissed the appeals, affirming that interest income from Alappuzha District Co-operative Bank Limited was not eligible for deduction under section 80P(2)(d) of the I.T.Act. The decision was based on the distinction between a Co-operative Society and a Cooperative Bank, emphasizing that the deduction is only applicable for income received from investments with another Co-operative Society, not a Cooperative Bank. The Tribunal upheld the CIT(A)'s ruling that interest income from the bank does not qualify for the deduction. en-us Mon, 15 Oct 2018 00:00:00 +0530 Wed, 17 Oct 2018 07:44:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368967 The Tribunal dismissed the appeals, affirming that interest income from Alappuzha District Co-operative Bank Limited was not eligible for deduction under section 80P(2)(d) of the I.T.Act. The decision was based on the distinction between a Co-operative Society and a Cooperative Bank, emphasizing that the deduction is only applicable for income received from investments with another Co-operative Society, not a Cooperative Bank. The Tribunal upheld the CIT(A)'s ruling that interest income from the bank does not qualify for the deduction. Case-Laws Income Tax Mon, 15 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368967