https://www.taxtmi.com/caselaws?id=277470 The ITAT Mumbai allowed the appeal of a cooperative credit society, directing the AO to verify interest income details and allow deduction u/s. 80P(2)(d) for interest received from cooperative banks/societies. The ITAT did not address the validity of reopening the assessment, treating the appeal as allowed for statistical purposes due to the merit found in the deduction claim contentions. The decision set aside the CIT(A)'s order and remanded the issue for verification and allowance of the deduction. en-us Mon, 21 Aug 2017 00:00:00 +0530 Tue, 18 Apr 2023 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277470 The ITAT Mumbai allowed the appeal of a cooperative credit society, directing the AO to verify interest income details and allow deduction u/s. 80P(2)(d) for interest received from cooperative banks/societies. The ITAT did not address the validity of reopening the assessment, treating the appeal as allowed for statistical purposes due to the merit found in the deduction claim contentions. The decision set aside the CIT(A)'s order and remanded the issue for verification and allowance of the deduction. Case-Laws Income Tax Mon, 21 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277470