https://www.taxtmi.com/caselaws?id=438551 The delay in filing the appeal was condoned after the assessee provided satisfactory reasons, leading to the admission of the appeal for disposal on merits. The Tribunal upheld the validity of the claim of deduction under section 80P(2)(d) for a cooperative society on interest income from deposits with a cooperative bank meeting the criteria of a registered cooperative society. The Tribunal determined that the eligibility of a cooperative society for deduction under section 80P(2)(d) was not affected by section 80P(4), ultimately overturning the Principal Commissioner of Income Tax's decision and ruling in favor of the assessee. en-us Thu, 01 Jun 2023 00:00:00 +0530 Fri, 02 Jun 2023 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438551 The delay in filing the appeal was condoned after the assessee provided satisfactory reasons, leading to the admission of the appeal for disposal on merits. The Tribunal upheld the validity of the claim of deduction under section 80P(2)(d) for a cooperative society on interest income from deposits with a cooperative bank meeting the criteria of a registered cooperative society. The Tribunal determined that the eligibility of a cooperative society for deduction under section 80P(2)(d) was not affected by section 80P(4), ultimately overturning the Principal Commissioner of Income Tax's decision and ruling in favor of the assessee. Case-Laws Income Tax Thu, 01 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438551