https://www.taxtmi.com/caselaws?id=779492 ITAT, Cochin (AT) allowed the appeals and held the assessee entitled to deduction under s.80P(2)(d) for interest received from co-operative banks. The Tribunal, following Kerala HC precedent, found interest from Treasury and scheduled banks does not fall within s.80P(2)(a)(i) and confirmed the AO should restrict the permissible deduction to interest from co-operative societies/banks registered under the relevant Co-operative Societies Act, directing consequential relief to the assessee. en-us Wed, 22 Jan 2025 00:00:00 +0530 Tue, 07 Oct 2025 08:30:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779492 ITAT, Cochin (AT) allowed the appeals and held the assessee entitled to deduction under s.80P(2)(d) for interest received from co-operative banks. The Tribunal, following Kerala HC precedent, found interest from Treasury and scheduled banks does not fall within s.80P(2)(a)(i) and confirmed the AO should restrict the permissible deduction to interest from co-operative societies/banks registered under the relevant Co-operative Societies Act, directing consequential relief to the assessee. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779492