https://www.taxtmi.com/caselaws?id=403925 The ITAT upheld the CIT(A)'s decision, affirming that the assessee, a cooperative credit society, is entitled to deductions under sections 80P(2)(d) and 80P(2)(a)(i) of the Income Tax Act, 1961. The ITAT concurred that the interest income from deposits with cooperative banks qualifies for deduction under section 80P(2)(d) and that the assessee, not being a cooperative bank but a credit society, is eligible for the deduction under section 80P(2)(a)(i). The ITAT found the CIT(A)'s application of judicial precedents and statutory provisions appropriate, dismissing the revenue's appeal. en-us Wed, 27 Jan 2021 00:00:00 +0530 Wed, 10 Feb 2021 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403925 The ITAT upheld the CIT(A)'s decision, affirming that the assessee, a cooperative credit society, is entitled to deductions under sections 80P(2)(d) and 80P(2)(a)(i) of the Income Tax Act, 1961. The ITAT concurred that the interest income from deposits with cooperative banks qualifies for deduction under section 80P(2)(d) and that the assessee, not being a cooperative bank but a credit society, is eligible for the deduction under section 80P(2)(a)(i). The ITAT found the CIT(A)'s application of judicial precedents and statutory provisions appropriate, dismissing the revenue's appeal. Case-Laws Income Tax Wed, 27 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403925