https://www.taxtmi.com/caselaws?id=438411 The tribunal held that the Assessing Officer's decision to allow the assessee's deduction claim under Sec. 80P(2)(d) for interest income from cooperative banks was correct. The tribunal found that income from cooperative banks qualifies for the deduction under Sec. 80P(2)(d), citing judicial precedents and the inclusive definition of "co-operative society." Consequently, the tribunal deemed the PCIT's revision unjustified under Sec. 263 and reinstated the Assessing Officer's original assessment order, dated 18.01.2021. en-us Thu, 25 May 2023 00:00:00 +0530 Wed, 31 May 2023 09:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438411 The tribunal held that the Assessing Officer's decision to allow the assessee's deduction claim under Sec. 80P(2)(d) for interest income from cooperative banks was correct. The tribunal found that income from cooperative banks qualifies for the deduction under Sec. 80P(2)(d), citing judicial precedents and the inclusive definition of "co-operative society." Consequently, the tribunal deemed the PCIT's revision unjustified under Sec. 263 and reinstated the Assessing Officer's original assessment order, dated 18.01.2021. Case-Laws Income Tax Thu, 25 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438411