https://www.taxtmi.com/caselaws?id=420729 The Tribunal allowed the assessee's appeal by vacating the disallowance of Rs. 3,83,047/- under Section 80P(2)(d) of the Income Tax Act, 1961. It directed the AO to re-examine the evidence for the deduction claimed under Section 80P(2)(e) related to rent received from letting out industrial sheds. The Tribunal emphasized the eligibility of interest income from cooperative banks for deduction under Section 80P(2)(d) by interpreting "cooperative society" under Section 2(19) broadly. en-us Wed, 06 Apr 2022 00:00:00 +0530 Fri, 08 Apr 2022 08:04:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420729 The Tribunal allowed the assessee's appeal by vacating the disallowance of Rs. 3,83,047/- under Section 80P(2)(d) of the Income Tax Act, 1961. It directed the AO to re-examine the evidence for the deduction claimed under Section 80P(2)(e) related to rent received from letting out industrial sheds. The Tribunal emphasized the eligibility of interest income from cooperative banks for deduction under Section 80P(2)(d) by interpreting "cooperative society" under Section 2(19) broadly. Case-Laws Income Tax Wed, 06 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420729