https://www.taxtmi.com/caselaws?id=769526 ITAT Kolkata allowed cooperative society's appeal on multiple grounds. Court held interest income from fixed deposits and government securities qualified for deduction under section 80P(2)(a)(i), following judicial precedents including Gunja Samabay Krishi Unnayan Samity Ltd. Addition of overdue interest provisions was deleted as it exceeded limited scrutiny assessment scope. CIT(A) erred in making suo moto additions on miscellaneous and rental income without providing assessee opportunity to respond, violating natural justice principles. All contested additions were deleted. en-us Wed, 23 Apr 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769526 ITAT Kolkata allowed cooperative society's appeal on multiple grounds. Court held interest income from fixed deposits and government securities qualified for deduction under section 80P(2)(a)(i), following judicial precedents including Gunja Samabay Krishi Unnayan Samity Ltd. Addition of overdue interest provisions was deleted as it exceeded limited scrutiny assessment scope. CIT(A) erred in making suo moto additions on miscellaneous and rental income without providing assessee opportunity to respond, violating natural justice principles. All contested additions were deleted. Case-Laws Income Tax Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769526