https://www.taxtmi.com/caselaws?id=750952 ITAT Pune ruled in favor of the assessee regarding deduction under Section 80P(2)(a)(i) for interest income from investments in cooperative/scheduled banks. Following precedents from Karnataka HC and Gujarat HC, the tribunal held that interest income earned by a cooperative society on investments with cooperative banks qualifies for deduction under Section 80P(2)(d) of the Income Tax Act, allowing the claimed deduction. en-us Mon, 18 Mar 2024 00:00:00 +0530 Tue, 24 Mar 2026 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750952 ITAT Pune ruled in favor of the assessee regarding deduction under Section 80P(2)(a)(i) for interest income from investments in cooperative/scheduled banks. Following precedents from Karnataka HC and Gujarat HC, the tribunal held that interest income earned by a cooperative society on investments with cooperative banks qualifies for deduction under Section 80P(2)(d) of the Income Tax Act, allowing the claimed deduction. Case-Laws Income Tax Mon, 18 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750952