https://www.taxtmi.com/caselaws?id=461164 The ITAT Surat held that cooperative societies are entitled to deduction under section 80P(2)(d) for gross interest received from cooperative banks without adjusting interest paid to such banks. Following its own precedent from A.Y. 2018-19, the Tribunal allowed the assessee's appeal regarding interest earned from a district cooperative bank. However, interest from other institutions excluding cooperative societies remains ineligible for deduction. The assessee was granted partial relief limited to cooperative bank interest only. en-us Wed, 08 May 2024 00:00:00 +0530 Tue, 18 Mar 2025 12:51:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461164 The ITAT Surat held that cooperative societies are entitled to deduction under section 80P(2)(d) for gross interest received from cooperative banks without adjusting interest paid to such banks. Following its own precedent from A.Y. 2018-19, the Tribunal allowed the assessee's appeal regarding interest earned from a district cooperative bank. However, interest from other institutions excluding cooperative societies remains ineligible for deduction. The assessee was granted partial relief limited to cooperative bank interest only. Case-Laws Income Tax Wed, 08 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461164