https://www.taxtmi.com/caselaws?id=461702 ITAT Pune allowed deduction under section 80P(2)(a)(i) for interest income earned by a credit cooperative society from a nationalized bank. Relying on precedent Tribunal decisions and the Karnataka HC ruling, the Tribunal distinguished conflicting High Court views and permitted the deduction of Rs. 5,16,876, thereby allowing the appeal and overturning the lower authorities' denial. en-us Tue, 16 May 2023 00:00:00 +0530 Tue, 22 Apr 2025 19:03:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461702 ITAT Pune allowed deduction under section 80P(2)(a)(i) for interest income earned by a credit cooperative society from a nationalized bank. Relying on precedent Tribunal decisions and the Karnataka HC ruling, the Tribunal distinguished conflicting High Court views and permitted the deduction of Rs. 5,16,876, thereby allowing the appeal and overturning the lower authorities' denial. Case-Laws Income Tax Tue, 16 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461702