https://www.taxtmi.com/caselaws?id=461828 ITAT Mumbai allowed the appeal, holding that the assessee was entitled to deduction under Section 80P(2)(d) for interest income earned from deposits with cooperative banks. The tribunal relied on precedent from Ashok Tower case and deleted the disallowance made by lower authorities, confirming that interest earned on deposits with cooperative banks qualifies for the statutory deduction. en-us Mon, 27 May 2024 00:00:00 +0530 Thu, 01 May 2025 19:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461828 ITAT Mumbai allowed the appeal, holding that the assessee was entitled to deduction under Section 80P(2)(d) for interest income earned from deposits with cooperative banks. The tribunal relied on precedent from Ashok Tower case and deleted the disallowance made by lower authorities, confirming that interest earned on deposits with cooperative banks qualifies for the statutory deduction. Case-Laws Income Tax Mon, 27 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461828