https://www.taxtmi.com/caselaws?id=462339 ITAT Mumbai ruled in favor of a cooperative society's claim for deduction under Section 80P(2)(d) for interest income earned from deposits with cooperative banks. The Tribunal relied on judicial precedents establishing that cooperative societies are eligible for such deductions on interest received from cooperative banks. The AO was directed to allow the deduction under Section 80P(2)(d) and basic exemption under Section 80P. The appeal was allowed. en-us Fri, 10 May 2024 00:00:00 +0530 Wed, 11 Jun 2025 20:03:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462339 ITAT Mumbai ruled in favor of a cooperative society's claim for deduction under Section 80P(2)(d) for interest income earned from deposits with cooperative banks. The Tribunal relied on judicial precedents establishing that cooperative societies are eligible for such deductions on interest received from cooperative banks. The AO was directed to allow the deduction under Section 80P(2)(d) and basic exemption under Section 80P. The appeal was allowed. Case-Laws Income Tax Fri, 10 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462339