https://www.taxtmi.com/caselaws?id=426119 The Tribunal allowed the appeals for A.Y. 2015-16 and 2017-18, overturning lower authorities' decisions disallowing deduction u/s.80P(2)(a)(i) on interest income earned by a Cooperative Society from banks. The Tribunal, citing conflicting High Court views, favored the assessee based on relevant case laws, distinguishing the primary claim's eligibility for deduction. The favorable outcome was attributed to the specific nature of the Cooperative Society's income and the interpretation of relevant provisions and precedents. en-us Fri, 05 Aug 2022 00:00:00 +0530 Mon, 08 Aug 2022 09:11:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426119 The Tribunal allowed the appeals for A.Y. 2015-16 and 2017-18, overturning lower authorities' decisions disallowing deduction u/s.80P(2)(a)(i) on interest income earned by a Cooperative Society from banks. The Tribunal, citing conflicting High Court views, favored the assessee based on relevant case laws, distinguishing the primary claim's eligibility for deduction. The favorable outcome was attributed to the specific nature of the Cooperative Society's income and the interpretation of relevant provisions and precedents. Case-Laws Income Tax Fri, 05 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426119