https://www.taxtmi.com/caselaws?id=776554 The ITAT Delhi allowed the assessee's appeal, holding that interest income earned from investments of surplus funds in cooperative societies, cooperative banks, and nationalized banks qualifies for deduction under section 80P(2)(a)(i) and 80P(2)(d). The tribunal affirmed the principle established in a prior Pune bench decision, directing the Assessing Officer to grant the exemption on such interest income, as it is deemed to be derived from a cooperative society. en-us Mon, 06 Jan 2025 00:00:00 +0530 Wed, 13 Aug 2025 07:27:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776554 The ITAT Delhi allowed the assessee's appeal, holding that interest income earned from investments of surplus funds in cooperative societies, cooperative banks, and nationalized banks qualifies for deduction under section 80P(2)(a)(i) and 80P(2)(d). The tribunal affirmed the principle established in a prior Pune bench decision, directing the Assessing Officer to grant the exemption on such interest income, as it is deemed to be derived from a cooperative society. Case-Laws Income Tax Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776554