https://www.taxtmi.com/caselaws?id=420828 The Tribunal remitted the case back to the Assessing Officer to verify the source of interest income received by a cooperative society to determine the eligibility for deduction under section 80P(2)(d) of the Income Tax Act. The Tribunal emphasized the need for a detailed examination to ascertain if the interest income was solely from cooperative banks or other sources, partially allowing the appeal for statistical purposes. The decision was influenced by legal interpretations and precedents, particularly following the stance taken by the Hon'ble Karnataka High Court in a similar matter. en-us Wed, 06 Apr 2022 00:00:00 +0530 Mon, 11 Apr 2022 08:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420828 The Tribunal remitted the case back to the Assessing Officer to verify the source of interest income received by a cooperative society to determine the eligibility for deduction under section 80P(2)(d) of the Income Tax Act. The Tribunal emphasized the need for a detailed examination to ascertain if the interest income was solely from cooperative banks or other sources, partially allowing the appeal for statistical purposes. The decision was influenced by legal interpretations and precedents, particularly following the stance taken by the Hon'ble Karnataka High Court in a similar matter. Case-Laws Income Tax Wed, 06 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420828