https://www.taxtmi.com/caselaws?id=773097 The SC condoned a 95-day delay in filing an appeal regarding tax deduction. The Tribunal ruled that interest income from a Central Co-operative Bank qualifies for deduction under section 80P(2)(d) of the Income Tax Act. The court emphasized that revenue authorities must prove the bank is not a cooperative society to deny the deduction, and interpreted the provision liberally in favor of the assessee. en-us Mon, 26 May 2025 00:00:00 +0530 Wed, 18 Jun 2025 09:04:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773097 The SC condoned a 95-day delay in filing an appeal regarding tax deduction. The Tribunal ruled that interest income from a Central Co-operative Bank qualifies for deduction under section 80P(2)(d) of the Income Tax Act. The court emphasized that revenue authorities must prove the bank is not a cooperative society to deny the deduction, and interpreted the provision liberally in favor of the assessee. Case-Laws Income Tax Mon, 26 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773097