https://www.taxtmi.com/caselaws?id=771508 The SC/Tribunal upheld a co-operative society's tax deduction claim under section 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act. The court allowed deductions on interest income from investments with co-operative banks, sub-treasuries, SBI, and other co-operative societies. The Assessing Officer's denial was rejected, affirming the CIT(A)'s order and establishing the society's eligibility for tax exemption based on established legal precedents. en-us Wed, 09 Apr 2025 00:00:00 +0530 Tue, 27 May 2025 08:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771508 The SC/Tribunal upheld a co-operative society's tax deduction claim under section 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act. The court allowed deductions on interest income from investments with co-operative banks, sub-treasuries, SBI, and other co-operative societies. The Assessing Officer's denial was rejected, affirming the CIT(A)'s order and establishing the society's eligibility for tax exemption based on established legal precedents. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771508