https://www.taxtmi.com/caselaws?id=436605 The Appellate Tribunal granted condonation of delay for an appeal challenging an order under the Income Tax Act. The Tribunal remanded the deduction dispute regarding section 80P(2)(d) back to the Assessing Officer for reconsideration. It was determined that interest income from investments with co-operative banks is eligible for deduction under section 80P(2)(d) as co-operative banks are considered co-operative societies. The Tribunal upheld the assessee's plea, allowing the deduction and addressing interest levy issues in favor of the assessee. The appeal was allowed, favoring the assessee. en-us Thu, 13 Apr 2023 00:00:00 +0530 Sat, 15 Apr 2023 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436605 The Appellate Tribunal granted condonation of delay for an appeal challenging an order under the Income Tax Act. The Tribunal remanded the deduction dispute regarding section 80P(2)(d) back to the Assessing Officer for reconsideration. It was determined that interest income from investments with co-operative banks is eligible for deduction under section 80P(2)(d) as co-operative banks are considered co-operative societies. The Tribunal upheld the assessee's plea, allowing the deduction and addressing interest levy issues in favor of the assessee. The appeal was allowed, favoring the assessee. Case-Laws Income Tax Thu, 13 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436605