https://www.taxtmi.com/caselaws?id=772100 ITAT Ahmedabad held that deduction under section 80P(2)(d) is available to cooperative societies on interest income from cooperative banks. The tribunal ruled that cooperative banks qualify as cooperative societies for deduction purposes, following the Gujarat HC precedent in Ashwinkumar Arban Co-Operative Society Ltd. The case was decided in favor of the assessee, confirming that interest earned on investments with cooperative banks is eligible for the statutory deduction under section 80P(2)(d). en-us Wed, 02 Apr 2025 00:00:00 +0530 Wed, 04 Jun 2025 08:40:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772100 ITAT Ahmedabad held that deduction under section 80P(2)(d) is available to cooperative societies on interest income from cooperative banks. The tribunal ruled that cooperative banks qualify as cooperative societies for deduction purposes, following the Gujarat HC precedent in Ashwinkumar Arban Co-Operative Society Ltd. The case was decided in favor of the assessee, confirming that interest earned on investments with cooperative banks is eligible for the statutory deduction under section 80P(2)(d). Case-Laws Income Tax Wed, 02 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772100