https://www.taxtmi.com/caselaws?id=463084 Deduction under section 80P(2)(d) on interest earned from deposits with co-operative banks was examined on identical facts across multiple assessment years, and the Tribunal found that the matter required reconsideration in light of the applicable legal position and the nature of the recipient bank. The earlier denial of the deduction was not finally sustained; instead, the issue was restored to the Assessing Officer for fresh adjudication after de novo examination of the interest income and related treatment. The assessee succeeded only to that limited extent. en-us Tue, 14 May 2024 00:00:00 +0530 Tue, 05 Aug 2025 20:49:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463084 Deduction under section 80P(2)(d) on interest earned from deposits with co-operative banks was examined on identical facts across multiple assessment years, and the Tribunal found that the matter required reconsideration in light of the applicable legal position and the nature of the recipient bank. The earlier denial of the deduction was not finally sustained; instead, the issue was restored to the Assessing Officer for fresh adjudication after de novo examination of the interest income and related treatment. The assessee succeeded only to that limited extent. Case-Laws Income Tax Tue, 14 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463084