https://www.taxtmi.com/caselaws?id=438071 The Tribunal allowed the deduction u/s.80P(2)(d) on interest income from cooperative banks, citing eligibility of cooperative societies for such deduction. Additionally, the Tribunal upheld the deduction u/s.80P(2)(a)(i) on interest income from nationalized banks, following the precedent set by the Karnataka High Court due to conflicting views from other High Courts. The impugned order was overturned, and the appeal was allowed for both deductions. en-us Fri, 19 May 2023 00:00:00 +0530 Mon, 22 May 2023 08:58:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438071 The Tribunal allowed the deduction u/s.80P(2)(d) on interest income from cooperative banks, citing eligibility of cooperative societies for such deduction. Additionally, the Tribunal upheld the deduction u/s.80P(2)(a)(i) on interest income from nationalized banks, following the precedent set by the Karnataka High Court due to conflicting views from other High Courts. The impugned order was overturned, and the appeal was allowed for both deductions. Case-Laws Income Tax Fri, 19 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438071