https://www.taxtmi.com/caselaws?id=456582 The ITAT allowed the assessee's appeal, directing the AO to delete the disallowance of deductions under Section 80P(2)(d) of the Income Tax Act. The Tribunal concluded that interest income earned from cooperative banks qualifies for deduction, aligning with prior decisions and interpreting cooperative banks as cooperative societies. en-us Thu, 22 Feb 2024 00:00:00 +0530 Thu, 01 Aug 2024 20:47:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456582 The ITAT allowed the assessee's appeal, directing the AO to delete the disallowance of deductions under Section 80P(2)(d) of the Income Tax Act. The Tribunal concluded that interest income earned from cooperative banks qualifies for deduction, aligning with prior decisions and interpreting cooperative banks as cooperative societies. Case-Laws Income Tax Thu, 22 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456582