https://www.taxtmi.com/caselaws?id=423233 The Tribunal upheld the deletion of disallowance of deduction claimed under section 80P on interest income, citing precedents and consistent legal interpretations. The Revenue's appeal was dismissed, affirming the decision of the Ld. CIT(A) in favor of the assessee, a cooperative society. The Tribunal emphasized that the interest income was exempt under section 80P(2)(i) as it was attributable to the business activities of the cooperative society. en-us Tue, 31 May 2022 00:00:00 +0530 Thu, 02 Jun 2022 08:42:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423233 The Tribunal upheld the deletion of disallowance of deduction claimed under section 80P on interest income, citing precedents and consistent legal interpretations. The Revenue's appeal was dismissed, affirming the decision of the Ld. CIT(A) in favor of the assessee, a cooperative society. The Tribunal emphasized that the interest income was exempt under section 80P(2)(i) as it was attributable to the business activities of the cooperative society. Case-Laws Income Tax Tue, 31 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423233