https://www.taxtmi.com/caselaws?id=416220 The Tribunal allowed the appeal filed by the cooperative housing society for statistical purposes, directing the Assessing Officer to examine the expenditure incurred for earning interest income from cooperative banks under the head 'income from other sources' and allowing it as a deduction under section 57 of the Income Tax Act. The case was remanded back to the A.O. for further examination, with the assessee required to provide necessary evidence for a prompt resolution. The decision was rendered in favor of the cooperative housing society on November 30, 2021. en-us Tue, 30 Nov 2021 00:00:00 +0530 Thu, 23 Dec 2021 12:13:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416220 The Tribunal allowed the appeal filed by the cooperative housing society for statistical purposes, directing the Assessing Officer to examine the expenditure incurred for earning interest income from cooperative banks under the head 'income from other sources' and allowing it as a deduction under section 57 of the Income Tax Act. The case was remanded back to the A.O. for further examination, with the assessee required to provide necessary evidence for a prompt resolution. The decision was rendered in favor of the cooperative housing society on November 30, 2021. Case-Laws Income Tax Tue, 30 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416220