https://www.taxtmi.com/caselaws?id=431638 The Tribunal allowed the appeal of the assessee, granting the deduction for interest income earned from investments with a cooperative bank under section 80P(2)(d) of the Income Tax Act. The Tribunal held that as a cooperative society engaged in banking activities, the assessee was eligible for the deduction, distinguishing between income from members and income from investments with other cooperative societies. This decision reversed the CIT(A)'s ruling and confirmed the allowance of the deduction for the interest income. en-us Thu, 15 Dec 2022 00:00:00 +0530 Sat, 17 Dec 2022 09:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431638 The Tribunal allowed the appeal of the assessee, granting the deduction for interest income earned from investments with a cooperative bank under section 80P(2)(d) of the Income Tax Act. The Tribunal held that as a cooperative society engaged in banking activities, the assessee was eligible for the deduction, distinguishing between income from members and income from investments with other cooperative societies. This decision reversed the CIT(A)'s ruling and confirmed the allowance of the deduction for the interest income. Case-Laws Income Tax Thu, 15 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431638