https://www.taxtmi.com/caselaws?id=777734 ITAT PUNE - AT dismissed the revision under s.263 and upheld the AO's allowance of deduction under s.80P(2)(d) for interest income and dividends from cooperative banks. The bench held the issue is settled by consistent precedent that interest on deposits with cooperative banks qualifies for s.80P(2)(d). Since the assessee's claim was supported by records and verified by the AO, the tribunal found no justification for exercise of revisionary powers under s.263. en-us Tue, 19 Aug 2025 00:00:00 +0530 Thu, 04 Sep 2025 08:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777734 ITAT PUNE - AT dismissed the revision under s.263 and upheld the AO's allowance of deduction under s.80P(2)(d) for interest income and dividends from cooperative banks. The bench held the issue is settled by consistent precedent that interest on deposits with cooperative banks qualifies for s.80P(2)(d). Since the assessee's claim was supported by records and verified by the AO, the tribunal found no justification for exercise of revisionary powers under s.263. Case-Laws Income Tax Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777734