https://www.taxtmi.com/caselaws?id=760673 The Tribunal allowed the appeals, overturning the CIT(A)'s disallowance of deductions under Sections 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act. It determined that the interest income from investments in cooperative and nationalized banks, made from operational funds, qualifies for deductions. The assessee's claims for the assessment years 2018-19 and 2020-21 were upheld. en-us Tue, 01 Oct 2024 00:00:00 +0530 Thu, 24 Oct 2024 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760673 The Tribunal allowed the appeals, overturning the CIT(A)'s disallowance of deductions under Sections 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act. It determined that the interest income from investments in cooperative and nationalized banks, made from operational funds, qualifies for deductions. The assessee's claims for the assessment years 2018-19 and 2020-21 were upheld. Case-Laws Income Tax Tue, 01 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760673