https://www.taxtmi.com/caselaws?id=415788 The Tribunal upheld the CIT's disallowance of the deduction claimed under section 80P(2)(d) of the Act, emphasizing that only interest income from Co-operative Societies, not Co-operative Banks, qualified for this deduction. However, the Tribunal disagreed with the CIT's decision to deny the deduction under section 80P(2)(c) of the Act, holding that the AO had correctly granted the deduction within the specified limits. The appeal was allowed for statistical purposes, overturning the CIT's direction on this particular deduction. en-us Wed, 08 Dec 2021 00:00:00 +0530 Tue, 14 Dec 2021 08:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415788 The Tribunal upheld the CIT's disallowance of the deduction claimed under section 80P(2)(d) of the Act, emphasizing that only interest income from Co-operative Societies, not Co-operative Banks, qualified for this deduction. However, the Tribunal disagreed with the CIT's decision to deny the deduction under section 80P(2)(c) of the Act, holding that the AO had correctly granted the deduction within the specified limits. The appeal was allowed for statistical purposes, overturning the CIT's direction on this particular deduction. Case-Laws Income Tax Wed, 08 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415788