https://www.taxtmi.com/caselaws?id=407756 The Tribunal dismissed the Revenue's appeal for A.Y. 2013-14 and 2014-15, upholding the Commissioner (Appeals) orders allowing the deduction claim for interest income from Co-operative banks under section 80P(2)(d). The Tribunal held that the assessee, a Co-operative Society, is entitled to the deduction regardless of the source of interest income, based on previous Tribunal decisions. The consistent view taken by the Tribunal favored the assessee, distinguishing it from the Karnataka High Court judgment, leading to the dismissal of the Revenue's appeals. en-us Thu, 13 May 2021 00:00:00 +0530 Thu, 20 May 2021 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407756 The Tribunal dismissed the Revenue's appeal for A.Y. 2013-14 and 2014-15, upholding the Commissioner (Appeals) orders allowing the deduction claim for interest income from Co-operative banks under section 80P(2)(d). The Tribunal held that the assessee, a Co-operative Society, is entitled to the deduction regardless of the source of interest income, based on previous Tribunal decisions. The consistent view taken by the Tribunal favored the assessee, distinguishing it from the Karnataka High Court judgment, leading to the dismissal of the Revenue's appeals. Case-Laws Income Tax Thu, 13 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407756