https://www.taxtmi.com/caselaws?id=756581 ITAT Ahmedabad allowed the assessee's appeal regarding disallowance of deduction under section 80P(2)(d) for interest received from Sabarkantha District Central Co-operative Bank. Following Gujarat HC precedent, the tribunal directed the AO to verify that the bank is duly registered under the Cooperative Societies Act or State Act before granting relief. The appeal was allowed with directions for factual verification of the bank's registration status. en-us Thu, 01 Aug 2024 00:00:00 +0530 Mon, 05 Aug 2024 08:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756581 ITAT Ahmedabad allowed the assessee's appeal regarding disallowance of deduction under section 80P(2)(d) for interest received from Sabarkantha District Central Co-operative Bank. Following Gujarat HC precedent, the tribunal directed the AO to verify that the bank is duly registered under the Cooperative Societies Act or State Act before granting relief. The appeal was allowed with directions for factual verification of the bank's registration status. Case-Laws Income Tax Thu, 01 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756581