https://www.taxtmi.com/caselaws?id=779841 ITAT allowed the appeal and directed the AO to grant deduction under section 80P(2)(d) for interest income from investments with cooperative banks. Although the return was filed belatedly (after the CBDT-prescribed due date) and the AO had denied the deduction for non-compliance with section 80AC, the Tribunal followed binding precedents that had permitted the same deduction in identical circumstances and therefore set aside the denial. en-us Wed, 22 Jan 2025 00:00:00 +0530 Tue, 14 Oct 2025 09:39:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779841 ITAT allowed the appeal and directed the AO to grant deduction under section 80P(2)(d) for interest income from investments with cooperative banks. Although the return was filed belatedly (after the CBDT-prescribed due date) and the AO had denied the deduction for non-compliance with section 80AC, the Tribunal followed binding precedents that had permitted the same deduction in identical circumstances and therefore set aside the denial. Case-Laws Income Tax Wed, 22 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779841