https://www.taxtmi.com/caselaws?id=433619 The Tribunal upheld the grant of deduction u/s.80P for interest and dividend income by co-operative societies, citing consistent decisions by the Pune Benches. The Tribunal favored the view supporting the assessee, following the Karnataka High Court's decision due to conflicting views from other High Courts. It affirmed that co-operative societies, including those with investments in co-operative banks, are eligible for the deduction under u/s.80P(2)(d). The Tribunal dismissed the Revenue's appeals, concluding that the established precedent supported the co-operative societies' entitlement to the deduction. en-us Wed, 21 Dec 2022 00:00:00 +0530 Sat, 04 Feb 2023 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433619 The Tribunal upheld the grant of deduction u/s.80P for interest and dividend income by co-operative societies, citing consistent decisions by the Pune Benches. The Tribunal favored the view supporting the assessee, following the Karnataka High Court's decision due to conflicting views from other High Courts. It affirmed that co-operative societies, including those with investments in co-operative banks, are eligible for the deduction under u/s.80P(2)(d). The Tribunal dismissed the Revenue's appeals, concluding that the established precedent supported the co-operative societies' entitlement to the deduction. Case-Laws Income Tax Wed, 21 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433619