https://www.taxtmi.com/caselaws?id=776341 The ITAT Pune held that interest income earned from fixed deposits or investments with Cooperative Banks qualifies for deduction under section 80P(2)(d) of the Act. Relying on coordinate bench decisions, the Tribunal affirmed that Cooperative Banks, being essentially Cooperative Societies with banking licenses, are entitled to this deduction. The assessee's appeal was allowed accordingly. en-us Mon, 06 Jan 2025 00:00:00 +0530 Fri, 08 Aug 2025 05:20:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776341 The ITAT Pune held that interest income earned from fixed deposits or investments with Cooperative Banks qualifies for deduction under section 80P(2)(d) of the Act. Relying on coordinate bench decisions, the Tribunal affirmed that Cooperative Banks, being essentially Cooperative Societies with banking licenses, are entitled to this deduction. The assessee's appeal was allowed accordingly. Case-Laws Income Tax Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776341