https://www.taxtmi.com/caselaws?id=312590 ITAT Mumbai allowed deduction under Section 80P(2)(d) for interest income earned by a cooperative society from deposits with cooperative banks. The tribunal relied on precedent from another cooperative society case and directed the Assessing Officer to allow the deduction claim. The assessee's appeal was allowed, establishing that interest income from cooperative bank deposits qualifies for the statutory deduction available to cooperative societies. en-us Tue, 13 Jun 2023 00:00:00 +0530 Mon, 26 Feb 2024 18:11:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312590 ITAT Mumbai allowed deduction under Section 80P(2)(d) for interest income earned by a cooperative society from deposits with cooperative banks. The tribunal relied on precedent from another cooperative society case and directed the Assessing Officer to allow the deduction claim. The assessee's appeal was allowed, establishing that interest income from cooperative bank deposits qualifies for the statutory deduction available to cooperative societies. Case-Laws Income Tax Tue, 13 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312590