https://www.taxtmi.com/caselaws?id=438370 The Tribunal allowed the appeal by the co-operative credit society, directing the Assessing Officer to grant the deduction under section 80P(2)(d) of the Income Tax Act for the interest income earned from the investment with the co-operative bank. The Tribunal clarified that section 80P(4) is applicable only to co-operative banks, not credit societies, and upheld that a credit society is entitled to exemption under section 80P(2). en-us Fri, 26 May 2023 00:00:00 +0530 Tue, 30 May 2023 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438370 The Tribunal allowed the appeal by the co-operative credit society, directing the Assessing Officer to grant the deduction under section 80P(2)(d) of the Income Tax Act for the interest income earned from the investment with the co-operative bank. The Tribunal clarified that section 80P(4) is applicable only to co-operative banks, not credit societies, and upheld that a credit society is entitled to exemption under section 80P(2). Case-Laws Income Tax Fri, 26 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438370