https://www.taxtmi.com/caselaws?id=436454 The Tribunal dismissed the appeal, upholding the decision to disallow the deduction under Section 80P(2)(d) for interest income from fixed deposits with cooperative banks and nationalized banks. The Tribunal relied on the jurisdictional High Court's judgment and legislative intent, stating that cooperative banks are excluded from the benefits of this deduction. The assessee can still avail of setting off losses as per the law. en-us Tue, 11 Apr 2023 00:00:00 +0530 Thu, 13 Apr 2023 08:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436454 The Tribunal dismissed the appeal, upholding the decision to disallow the deduction under Section 80P(2)(d) for interest income from fixed deposits with cooperative banks and nationalized banks. The Tribunal relied on the jurisdictional High Court's judgment and legislative intent, stating that cooperative banks are excluded from the benefits of this deduction. The assessee can still avail of setting off losses as per the law. Case-Laws Income Tax Tue, 11 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436454