https://www.taxtmi.com/caselaws?id=415227 The Tribunal directed the AO to verify the interest earned from investments made in co-operative societies and consider the claim under Section 80P(2)(d) accordingly. The issue regarding transactions with nominal and associate members was remitted to the AO for examination in light of the Supreme Court's judgment in Mavilayi Service Cooperative Bank Ltd. v. CIT. The Tribunal upheld the lower authorities' decision to consider rental income as 'Income from House Property' under Section 22, dismissing the appellant's ground. The appeal was allowed for statistical purposes, with directions for further verification and examination by the AO. en-us Fri, 08 Oct 2021 00:00:00 +0530 Mon, 29 Nov 2021 17:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415227 The Tribunal directed the AO to verify the interest earned from investments made in co-operative societies and consider the claim under Section 80P(2)(d) accordingly. The issue regarding transactions with nominal and associate members was remitted to the AO for examination in light of the Supreme Court's judgment in Mavilayi Service Cooperative Bank Ltd. v. CIT. The Tribunal upheld the lower authorities' decision to consider rental income as 'Income from House Property' under Section 22, dismissing the appellant's ground. The appeal was allowed for statistical purposes, with directions for further verification and examination by the AO. Case-Laws Income Tax Fri, 08 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415227