https://www.taxtmi.com/caselaws?id=778743 ITAT COCHIN allowed the appeal, holding that the taxpayer is entitled to deduction under section 80P(2)(d) for interest received from the District Co-operative Bank and the Treasury. The Tribunal followed Kerala HC authority rejecting Revenue's broader disallowance and clarified that permissible 80P deductions are confined to co-operative societies/banks registered under the Kerala Co-operative Societies Act; prior CIT(A) and Tribunal conclusions to the contrary were modified and directions given to the AO accordingly. en-us Tue, 21 Jan 2025 00:00:00 +0530 Fri, 19 Sep 2025 12:49:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778743 ITAT COCHIN allowed the appeal, holding that the taxpayer is entitled to deduction under section 80P(2)(d) for interest received from the District Co-operative Bank and the Treasury. The Tribunal followed Kerala HC authority rejecting Revenue's broader disallowance and clarified that permissible 80P deductions are confined to co-operative societies/banks registered under the Kerala Co-operative Societies Act; prior CIT(A) and Tribunal conclusions to the contrary were modified and directions given to the AO accordingly. Case-Laws Income Tax Tue, 21 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778743