https://www.taxtmi.com/caselaws?id=405616 The ITAT Bangalore allowed the appeal, setting aside the CIT(A) order disallowing the deduction u/s 80P(2)(a)(i) of the I.T.Act for a Co-operative Society. The ITAT directed the A.O. to reconsider the case in line with principles established by the Hon'ble Apex Court. Additionally, the ITAT remanded the issue of taxability of interest income from Co-operative Banks back to the A.O. for fresh consideration, following previous judgments, allowing the appellant to submit further evidence if needed. The appeal was allowed for statistical purposes. en-us Mon, 22 Mar 2021 00:00:00 +0530 Wed, 24 Mar 2021 09:08:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405616 The ITAT Bangalore allowed the appeal, setting aside the CIT(A) order disallowing the deduction u/s 80P(2)(a)(i) of the I.T.Act for a Co-operative Society. The ITAT directed the A.O. to reconsider the case in line with principles established by the Hon'ble Apex Court. Additionally, the ITAT remanded the issue of taxability of interest income from Co-operative Banks back to the A.O. for fresh consideration, following previous judgments, allowing the appellant to submit further evidence if needed. The appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 22 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405616