https://www.taxtmi.com/caselaws?id=313943 ITAT Bangalore allowed the assessee's appeal regarding deduction under Section 80P(2)(d). The tribunal held that interest on investment from co-operative banks is eligible for deduction under Section 80P(2)(d), following precedent in Totgars Cooperative Sale Society Ltd. The AO was directed to treat interest from commercial banks as income from other sources and grant relief under Section 57. The appeal was allowed in favor of the assessee. en-us Thu, 14 Dec 2023 00:00:00 +0530 Wed, 08 May 2024 20:12:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313943 ITAT Bangalore allowed the assessee's appeal regarding deduction under Section 80P(2)(d). The tribunal held that interest on investment from co-operative banks is eligible for deduction under Section 80P(2)(d), following precedent in Totgars Cooperative Sale Society Ltd. The AO was directed to treat interest from commercial banks as income from other sources and grant relief under Section 57. The appeal was allowed in favor of the assessee. Case-Laws Income Tax Thu, 14 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313943