https://www.taxtmi.com/caselaws?id=417423 The Appellate Tribunal ruled in favor of the Appellant, setting aside previous orders that denied deduction under section 80P(2)(d) of the Income Tax Act, 1961. The Tribunal held that interest income derived from a cooperative bank without an RBI license should be eligible for deduction under section 80P(2)(d), following the precedent set by the Supreme Court. The Appellant's appeal was allowed, emphasizing that cooperative societies, including banks without an RBI license, are entitled to the deduction. en-us Tue, 18 Jan 2022 00:00:00 +0530 Sat, 22 Jan 2022 08:49:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417423 The Appellate Tribunal ruled in favor of the Appellant, setting aside previous orders that denied deduction under section 80P(2)(d) of the Income Tax Act, 1961. The Tribunal held that interest income derived from a cooperative bank without an RBI license should be eligible for deduction under section 80P(2)(d), following the precedent set by the Supreme Court. The Appellant's appeal was allowed, emphasizing that cooperative societies, including banks without an RBI license, are entitled to the deduction. Case-Laws Income Tax Tue, 18 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417423