https://www.taxtmi.com/caselaws?id=425797 The tribunal reversed the Principal Commissioner of Income Tax's revision directions, allowing the assessee's appeal. It held that interest income from deposits in co-operative banks qualifies for deduction under Section 80P(2)(d), emphasizing that a co-operative bank, as a co-operative society, enables such deductions. The tribunal rejected the Revenue's arguments and ruled in favor of the assessee, emphasizing the eligibility of interest income from co-operative bank deposits for deduction under Section 80P(2)(d). en-us Fri, 29 Jul 2022 00:00:00 +0530 Mon, 01 Aug 2022 09:34:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425797 The tribunal reversed the Principal Commissioner of Income Tax's revision directions, allowing the assessee's appeal. It held that interest income from deposits in co-operative banks qualifies for deduction under Section 80P(2)(d), emphasizing that a co-operative bank, as a co-operative society, enables such deductions. The tribunal rejected the Revenue's arguments and ruled in favor of the assessee, emphasizing the eligibility of interest income from co-operative bank deposits for deduction under Section 80P(2)(d). Case-Laws Income Tax Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425797