https://www.taxtmi.com/caselaws?id=463271 ITAT MUMBAI - AT allowed the assessee's deduction under s.80P(2)(d) for interest earned on deposits with cooperative banks, directing the AO to permit the claim consistent with tribunal precedent holding such interest deductible for cooperative societies. The Tribunal also deleted interest charged under s.234A for the relevant assessment year, noting the statutory due date for filing was extended and the return was filed within the extended period, rendering s.234A interest non-chargeable. en-us Thu, 16 May 2024 00:00:00 +0530 Wed, 20 Aug 2025 14:22:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463271 ITAT MUMBAI - AT allowed the assessee's deduction under s.80P(2)(d) for interest earned on deposits with cooperative banks, directing the AO to permit the claim consistent with tribunal precedent holding such interest deductible for cooperative societies. The Tribunal also deleted interest charged under s.234A for the relevant assessment year, noting the statutory due date for filing was extended and the return was filed within the extended period, rendering s.234A interest non-chargeable. Case-Laws Income Tax Thu, 16 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463271