https://www.taxtmi.com/caselaws?id=435433 The appeal against the CIT(A)'s order for the Assessment Year 2018-19 was successful. The dispute revolved around whether interest received from Mehsana Urban Co-operative Bank qualified for deduction under Section 80P(2)(d). The Supreme Court's interpretation of Section 80P favored the assessee, recognizing the Mehsana Urban Co-operative Bank as eligible for the deduction. Consequently, the disallowance of Rs.17,30,372 was rejected, allowing the deduction claimed under Section 80P(2)(d) for the interest received from Mehsana Urban Co-operative Bank. en-us Fri, 17 Mar 2023 00:00:00 +0530 Sat, 18 Mar 2023 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435433 The appeal against the CIT(A)'s order for the Assessment Year 2018-19 was successful. The dispute revolved around whether interest received from Mehsana Urban Co-operative Bank qualified for deduction under Section 80P(2)(d). The Supreme Court's interpretation of Section 80P favored the assessee, recognizing the Mehsana Urban Co-operative Bank as eligible for the deduction. Consequently, the disallowance of Rs.17,30,372 was rejected, allowing the deduction claimed under Section 80P(2)(d) for the interest received from Mehsana Urban Co-operative Bank. Case-Laws Income Tax Fri, 17 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435433