https://www.taxtmi.com/caselaws?id=431388 The Tribunal allowed the appeal, overturning the denial of deduction under section 80P in respect of interest income received from other Co-operative societies. The Tribunal found that the denial of deduction was not justified based on the specific provisions of the Income-tax Act, 1961, and distinguished the case law cited by the Department. The decision aligned with the precedent set by the Pune Bench, resulting in the assessee's favor. en-us Fri, 09 Dec 2022 00:00:00 +0530 Mon, 12 Dec 2022 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431388 The Tribunal allowed the appeal, overturning the denial of deduction under section 80P in respect of interest income received from other Co-operative societies. The Tribunal found that the denial of deduction was not justified based on the specific provisions of the Income-tax Act, 1961, and distinguished the case law cited by the Department. The decision aligned with the precedent set by the Pune Bench, resulting in the assessee's favor. Case-Laws Income Tax Fri, 09 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431388