https://www.taxtmi.com/caselaws?id=773893 ITAT Mumbai allowed the appeal of a Co-operative Housing Society regarding deduction under section 80P(2)(d) for interest earned on fixed deposits and savings bank accounts with Co-operative Banks. The Tribunal held that the assessee, being a Co-operative Society that collects maintenance funds from members, is entitled to claim deduction on interest income from deposits maintained with Co-operative Banks. The decision was based on consistent precedent from the assessee's own case in previous assessment years and following the ruling in Salsette Catholic Co-operative Housing Ltd. en-us Thu, 26 Jun 2025 00:00:00 +0530 Mon, 30 Jun 2025 08:43:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773893 ITAT Mumbai allowed the appeal of a Co-operative Housing Society regarding deduction under section 80P(2)(d) for interest earned on fixed deposits and savings bank accounts with Co-operative Banks. The Tribunal held that the assessee, being a Co-operative Society that collects maintenance funds from members, is entitled to claim deduction on interest income from deposits maintained with Co-operative Banks. The decision was based on consistent precedent from the assessee's own case in previous assessment years and following the ruling in Salsette Catholic Co-operative Housing Ltd. Case-Laws Income Tax Thu, 26 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773893