https://www.taxtmi.com/caselaws?id=428843 The Tribunal allowed the appeal, holding that the assessee is entitled to claim a deduction under section 80P(2)(d) of the Income Tax Act for interest income earned from deposits kept with Co-operative banks. The Tribunal emphasized that the term "co-operative society" includes co-operative banks, making the interest income from investments in such banks eligible for the deduction. The order of the CIT(A) was set aside, and the Assessing Officer was directed to allow the deduction. en-us Thu, 06 Oct 2022 00:00:00 +0530 Tue, 11 Oct 2022 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428843 The Tribunal allowed the appeal, holding that the assessee is entitled to claim a deduction under section 80P(2)(d) of the Income Tax Act for interest income earned from deposits kept with Co-operative banks. The Tribunal emphasized that the term "co-operative society" includes co-operative banks, making the interest income from investments in such banks eligible for the deduction. The order of the CIT(A) was set aside, and the Assessing Officer was directed to allow the deduction. Case-Laws Income Tax Thu, 06 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428843