https://www.taxtmi.com/caselaws?id=456436 The Tribunal allowed the appeal, ruling in favor of the appellant, a cooperative agricultural society, by deleting the addition of Rs.34,62,146. It found that the appellant was eligible for the deduction under section 80P(2)(d) of the Income Tax Act, 1961, for interest income from investments in a cooperative bank. The Tribunal concluded that the CIT(A)'s order was flawed and not aligned with the facts and legal precedents, thus reversing the disallowance. The decision was pronounced on 16.04.2024. en-us Tue, 16 Apr 2024 00:00:00 +0530 Wed, 24 Jul 2024 21:19:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456436 The Tribunal allowed the appeal, ruling in favor of the appellant, a cooperative agricultural society, by deleting the addition of Rs.34,62,146. It found that the appellant was eligible for the deduction under section 80P(2)(d) of the Income Tax Act, 1961, for interest income from investments in a cooperative bank. The Tribunal concluded that the CIT(A)'s order was flawed and not aligned with the facts and legal precedents, thus reversing the disallowance. The decision was pronounced on 16.04.2024. Case-Laws Income Tax Tue, 16 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456436