https://www.taxtmi.com/caselaws?id=371554 The Tribunal allowed the appeal, directing the Assessing Officer to permit the deduction under section 80P(2)(d) for interest earned from deposits with Cooperative Banks. The Tribunal relied on judicial precedents, including decisions by the Karnataka High Court and the High Court of Himachal Pradesh, to support the assessee's claim. It distinguished between sections 80P(2)(a)(i) and 80P(2)(d) of the Income-tax Act, emphasizing that the latter allows deduction for interest or dividends from investments with other Cooperative societies. The Tribunal disagreed with the CIT(A)'s decision and set it aside, ultimately ruling in favor of the assessee on 03.12.2018. en-us Mon, 03 Dec 2018 00:00:00 +0530 Wed, 05 Dec 2018 08:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371554 The Tribunal allowed the appeal, directing the Assessing Officer to permit the deduction under section 80P(2)(d) for interest earned from deposits with Cooperative Banks. The Tribunal relied on judicial precedents, including decisions by the Karnataka High Court and the High Court of Himachal Pradesh, to support the assessee's claim. It distinguished between sections 80P(2)(a)(i) and 80P(2)(d) of the Income-tax Act, emphasizing that the latter allows deduction for interest or dividends from investments with other Cooperative societies. The Tribunal disagreed with the CIT(A)'s decision and set it aside, ultimately ruling in favor of the assessee on 03.12.2018. Case-Laws Income Tax Mon, 03 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371554