https://www.taxtmi.com/caselaws?id=429276 The Tribunal concluded that interest income earned by a cooperative housing society from cooperative banks qualifies for deduction under section 80P(2)(d) of the Income Tax Act, 1961. The Tribunal directed the Assessing Officer to allow the deduction, leading to the allowance of appeals for the relevant assessment years. The Tribunal found that lower authorities' reliance on a Supreme Court decision was misplaced as it did not apply to the specific provision in question. en-us Tue, 18 Oct 2022 00:00:00 +0530 Fri, 21 Oct 2022 07:26:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429276 The Tribunal concluded that interest income earned by a cooperative housing society from cooperative banks qualifies for deduction under section 80P(2)(d) of the Income Tax Act, 1961. The Tribunal directed the Assessing Officer to allow the deduction, leading to the allowance of appeals for the relevant assessment years. The Tribunal found that lower authorities' reliance on a Supreme Court decision was misplaced as it did not apply to the specific provision in question. Case-Laws Income Tax Tue, 18 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429276