https://www.taxtmi.com/caselaws?id=430113 The Tribunal allowed the appeal, overturning the denial of deduction under section 80P(2)(d) on interest and dividend income earned by a credit cooperative society from Pune District Cooperative Bank. The Tribunal emphasized that cooperative societies registered under relevant laws remained eligible for the deduction on income from investments in cooperative banks meeting specified criteria, despite certain co-operative banks being excluded from deduction eligibility under section 80P(4) from April 1, 2007. The decision was pronounced on 9th November 2022. en-us Wed, 09 Nov 2022 00:00:00 +0530 Thu, 10 Nov 2022 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430113 The Tribunal allowed the appeal, overturning the denial of deduction under section 80P(2)(d) on interest and dividend income earned by a credit cooperative society from Pune District Cooperative Bank. The Tribunal emphasized that cooperative societies registered under relevant laws remained eligible for the deduction on income from investments in cooperative banks meeting specified criteria, despite certain co-operative banks being excluded from deduction eligibility under section 80P(4) from April 1, 2007. The decision was pronounced on 9th November 2022. Case-Laws Income Tax Wed, 09 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430113