https://www.taxtmi.com/caselaws?id=776690 The ITAT Pune - AT held that interest income earned from fixed deposits or investments with Cooperative Banks qualifies for deduction under section 80P(2)(d). The Tribunal affirmed that Cooperative Banks, being cooperative societies with banking licenses, fall within the scope of the provision. Prior decisions by coordinate benches support this view. Consequently, the assessee's claim for deduction on such interest income was allowed, setting aside the CIT(A)'s findings and directing the AO to grant the deduction. The appeal by the assessee was allowed. en-us Tue, 07 Jan 2025 00:00:00 +0530 Sat, 16 Aug 2025 10:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776690 The ITAT Pune - AT held that interest income earned from fixed deposits or investments with Cooperative Banks qualifies for deduction under section 80P(2)(d). The Tribunal affirmed that Cooperative Banks, being cooperative societies with banking licenses, fall within the scope of the provision. Prior decisions by coordinate benches support this view. Consequently, the assessee's claim for deduction on such interest income was allowed, setting aside the CIT(A)'s findings and directing the AO to grant the deduction. The appeal by the assessee was allowed. Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776690