https://www.taxtmi.com/caselaws?id=442970 The ITAT remanded the case to the Assessing Officer, emphasizing that interest income from credit facilities provided to members by the credit cooperative society is eligible for deduction under section 80P(2)(a)(i). The ITAT also ruled that interest income from investments in other cooperative societies qualifies for deduction under section 80P(2)(d). The lower authorities were instructed to reevaluate the case, considering all relevant facts and providing the appellant with a hearing opportunity. The appeal was allowed for statistical purposes. en-us Thu, 22 Jun 2023 00:00:00 +0530 Thu, 14 Sep 2023 09:00:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442970 The ITAT remanded the case to the Assessing Officer, emphasizing that interest income from credit facilities provided to members by the credit cooperative society is eligible for deduction under section 80P(2)(a)(i). The ITAT also ruled that interest income from investments in other cooperative societies qualifies for deduction under section 80P(2)(d). The lower authorities were instructed to reevaluate the case, considering all relevant facts and providing the appellant with a hearing opportunity. The appeal was allowed for statistical purposes. Case-Laws Income Tax Thu, 22 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442970