https://www.taxtmi.com/caselaws?id=391694 The Appellate Tribunal ITAT Ahmedabad allowed the appeals of the assessees for statistical purposes, directing the quantification and computation of interest income for deduction purposes. The Tribunal clarified that interest income from cooperative banks/societies qualified for deduction under section 80P(2)(d) of the Income Tax Act, while interest income from scheduled banks was not eligible for deduction under section 80P(2)(a)(i) based on a High Court decision. The judgment was pronounced on 9th January 2020 in Ahmedabad. en-us Thu, 09 Jan 2020 00:00:00 +0530 Wed, 05 Feb 2020 13:59:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391694 The Appellate Tribunal ITAT Ahmedabad allowed the appeals of the assessees for statistical purposes, directing the quantification and computation of interest income for deduction purposes. The Tribunal clarified that interest income from cooperative banks/societies qualified for deduction under section 80P(2)(d) of the Income Tax Act, while interest income from scheduled banks was not eligible for deduction under section 80P(2)(a)(i) based on a High Court decision. The judgment was pronounced on 9th January 2020 in Ahmedabad. Case-Laws Income Tax Thu, 09 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391694