https://www.taxtmi.com/caselaws?id=279836 The Tribunal allowed the appeal, confirming the entitlement to claim a deduction under section 80P(2)(d) for interest income received from cooperative banks. The decision was based on the interpretation that a cooperative society is entitled to the deduction for interest income derived from investments with any other cooperative society, including cooperative banks classified as cooperative societies. The Tribunal clarified that the invocation of section 80P(4) did not affect this eligibility, emphasizing that as long as the interest income is from investments with a cooperative society, the deduction under section 80P(2)(d) applies. en-us Thu, 09 Aug 2018 00:00:00 +0530 Mon, 08 Apr 2019 00:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279836 The Tribunal allowed the appeal, confirming the entitlement to claim a deduction under section 80P(2)(d) for interest income received from cooperative banks. The decision was based on the interpretation that a cooperative society is entitled to the deduction for interest income derived from investments with any other cooperative society, including cooperative banks classified as cooperative societies. The Tribunal clarified that the invocation of section 80P(4) did not affect this eligibility, emphasizing that as long as the interest income is from investments with a cooperative society, the deduction under section 80P(2)(d) applies. Case-Laws Income Tax Thu, 09 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279836