https://www.taxtmi.com/caselaws?id=751565 ITAT Pune allowed the assessee's claim for deduction under Section 80P(2)(d) on interest income earned from investments/deposits with cooperative banks. The tribunal relied on its coordinate bench decision in Rena Sahakari Sakhar Karkhana Ltd and AP HC ruling in Vaveru Cooperative Rural Bank Ltd, which established that interest income from nationalized and other banks qualifies for Section 80P deduction. The Revenue's contrary position was rejected, and the deduction claims under Section 80P(2)(a)(i) and 80P(2)(d) were accepted in favor of the assessee. en-us Tue, 16 Apr 2024 00:00:00 +0530 Fri, 19 Apr 2024 08:09:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751565 ITAT Pune allowed the assessee's claim for deduction under Section 80P(2)(d) on interest income earned from investments/deposits with cooperative banks. The tribunal relied on its coordinate bench decision in Rena Sahakari Sakhar Karkhana Ltd and AP HC ruling in Vaveru Cooperative Rural Bank Ltd, which established that interest income from nationalized and other banks qualifies for Section 80P deduction. The Revenue's contrary position was rejected, and the deduction claims under Section 80P(2)(a)(i) and 80P(2)(d) were accepted in favor of the assessee. Case-Laws Income Tax Tue, 16 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751565