https://www.taxtmi.com/highlights?id=61133 Deduction u/s 80P(2)(d) - Interest income earned by the Society comes with the category of income from other sources and Section 80P(2)(d) deals with the eligible deduction in this behalf. It has been held in the connected cases that the assessee is entitled to deduction of interest income earned from Co-operative Banks/Societies/ Federation registered under the Co-operative Societies Act and the income earned from Treasury is not included in Section 80P(2)(d) and is not entitled for deduction from computation of income. - HC en-us Sat, 25 Dec 2021 13:48:08 +0530 Sat, 25 Dec 2021 13:48:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61133 Deduction u/s 80P(2)(d) - Interest income earned by the Society comes with the category of income from other sources and Section 80P(2)(d) deals with the eligible deduction in this behalf. It has been held in the connected cases that the assessee is entitled to deduction of interest income earned from Co-operative Banks/Societies/ Federation registered under the Co-operative Societies Act and the income earned from Treasury is not included in Section 80P(2)(d) and is not entitled for deduction from computation of income. - HC Highlights Income Tax Sat, 25 Dec 2021 13:48:08 +0530 https://www.taxtmi.com/highlights?id=61133