https://www.taxtmi.com/caselaws?id=424314 The ITAT dismissed the appeal regarding the eligibility of deductions under section 80P(2)(d) for interest income from nationalized banks and for rental income and miscellaneous income. The decision was based on the lack of nexus between the income earned and the core activities of the cooperative society, as established by legal precedents and interpretations of the Income Tax Act. en-us Fri, 24 Jun 2022 00:00:00 +0530 Mon, 27 Jun 2022 10:25:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424314 The ITAT dismissed the appeal regarding the eligibility of deductions under section 80P(2)(d) for interest income from nationalized banks and for rental income and miscellaneous income. The decision was based on the lack of nexus between the income earned and the core activities of the cooperative society, as established by legal precedents and interpretations of the Income Tax Act. Case-Laws Income Tax Fri, 24 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424314