https://www.taxtmi.com/caselaws?id=397915 The Tribunal upheld the CIT(A)'s decision allowing the deduction under Section 80P(2)(d) of the Income Tax Act, 1961 for interest income from investments with cooperative banks. The revenue's appeal to set aside the CIT(A)'s order and restore the AO's decision was dismissed. The Tribunal found no grounds for interference, affirming the correctness of the CIT(A)'s interpretation based on legal provisions and precedents. The decision was rendered on 28/08/2020. en-us Fri, 28 Aug 2020 00:00:00 +0530 Tue, 01 Sep 2020 13:56:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397915 The Tribunal upheld the CIT(A)'s decision allowing the deduction under Section 80P(2)(d) of the Income Tax Act, 1961 for interest income from investments with cooperative banks. The revenue's appeal to set aside the CIT(A)'s order and restore the AO's decision was dismissed. The Tribunal found no grounds for interference, affirming the correctness of the CIT(A)'s interpretation based on legal provisions and precedents. The decision was rendered on 28/08/2020. Case-Laws Income Tax Fri, 28 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397915