https://www.taxtmi.com/caselaws?id=776482 The ITAT Delhi allowed the assessee's claim for deduction under section 80P on interest income received from cooperative banks, relying on a recent ITAT Pune decision favoring such claims. However, the tribunal upheld the denial of section 80P relief on interest earned from TDS refunds, as this income was not considered derived from the eligible cooperative business under section 80P(2)(a)(i). Thus, the deduction was granted only to the extent of interest from cooperative banks, while the claim related to TDS refund interest was disallowed. en-us Mon, 06 Jan 2025 00:00:00 +0530 Tue, 12 Aug 2025 08:32:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776482 The ITAT Delhi allowed the assessee's claim for deduction under section 80P on interest income received from cooperative banks, relying on a recent ITAT Pune decision favoring such claims. However, the tribunal upheld the denial of section 80P relief on interest earned from TDS refunds, as this income was not considered derived from the eligible cooperative business under section 80P(2)(a)(i). Thus, the deduction was granted only to the extent of interest from cooperative banks, while the claim related to TDS refund interest was disallowed. Case-Laws Income Tax Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776482