https://www.taxtmi.com/caselaws?id=777306 ITAT AHMEDABAD (AT) allowed the appeal and held that amounts received as interest and dividend from a cooperative bank qualify as receipts from a cooperative society for the purposes of deduction u/s 80P. Relying on the HC decision, interest from the district cooperative bank and dividends from the cooperative institution were treated as arising from a cooperative society and thus allowable, reversing the denial of the 80P deduction. en-us Thu, 09 Jan 2025 00:00:00 +0530 Thu, 28 Aug 2025 08:32:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777306 ITAT AHMEDABAD (AT) allowed the appeal and held that amounts received as interest and dividend from a cooperative bank qualify as receipts from a cooperative society for the purposes of deduction u/s 80P. Relying on the HC decision, interest from the district cooperative bank and dividends from the cooperative institution were treated as arising from a cooperative society and thus allowable, reversing the denial of the 80P deduction. Case-Laws Income Tax Thu, 09 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777306