https://www.taxtmi.com/caselaws?id=394804 The ITAT allowed the appeal, directing the AO to permit the deduction under section 80P(2)(d) for interest received from a cooperative bank, overturning the CIT(A)'s decision disallowing the claim. The ITAT held that a cooperative bank qualifies as a cooperative society, making the interest income eligible for deduction under section 80P(2)(d). As a result, the appeal was decided in favor of the assessee on 18.02.2020. en-us Tue, 18 Feb 2020 00:00:00 +0530 Sat, 25 Apr 2020 12:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394804 The ITAT allowed the appeal, directing the AO to permit the deduction under section 80P(2)(d) for interest received from a cooperative bank, overturning the CIT(A)'s decision disallowing the claim. The ITAT held that a cooperative bank qualifies as a cooperative society, making the interest income eligible for deduction under section 80P(2)(d). As a result, the appeal was decided in favor of the assessee on 18.02.2020. Case-Laws Income Tax Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394804