https://www.taxtmi.com/caselaws?id=430834 The Appellate Tribunal ITAT PANAJI allowed the assessee's appeal, determining that interest income earned from a cooperative bank was eligible for deduction under sections 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act, 1961. The Tribunal's decision was based on legal interpretations and precedents establishing the eligibility of such income for the deduction, emphasizing the nature of income derived from cooperative banks as part of the banking business. en-us Fri, 25 Nov 2022 00:00:00 +0530 Mon, 28 Nov 2022 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430834 The Appellate Tribunal ITAT PANAJI allowed the assessee's appeal, determining that interest income earned from a cooperative bank was eligible for deduction under sections 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act, 1961. The Tribunal's decision was based on legal interpretations and precedents establishing the eligibility of such income for the deduction, emphasizing the nature of income derived from cooperative banks as part of the banking business. Case-Laws Income Tax Fri, 25 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430834