https://www.taxtmi.com/caselaws?id=776171 The ITAT Ahmedabad allowed the deduction under section 80P for interest income received from a Cooperative Bank registered under the Cooperative Societies Act, Gujarat. The tribunal relied on the Gujarat HC decision in Surat Vankar Sahakari Sangh Ltd., which held that interest income from Cooperative Banks, derived from investments with other Cooperative Societies or Cooperative Banks, qualifies for the deduction. Consequently, the assessee's claim under section 80P was upheld. en-us Fri, 03 Jan 2025 00:00:00 +0530 Wed, 06 Aug 2025 08:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776171 The ITAT Ahmedabad allowed the deduction under section 80P for interest income received from a Cooperative Bank registered under the Cooperative Societies Act, Gujarat. The tribunal relied on the Gujarat HC decision in Surat Vankar Sahakari Sangh Ltd., which held that interest income from Cooperative Banks, derived from investments with other Cooperative Societies or Cooperative Banks, qualifies for the deduction. Consequently, the assessee's claim under section 80P was upheld. Case-Laws Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776171