https://www.taxtmi.com/caselaws?id=464483 ITAT-Ahmedabad held that deduction under s.80P(2)(d) is available to a cooperative society on interest income from deposits with a cooperative bank that is itself a cooperative society, following HC precedent. The Tribunal found the invoking of revisional powers under s.263 by the PCIT unjustified, as the assessment was neither erroneous nor prejudicial to revenue. Revision was reversed and the assessment allowing the s.80P(2)(d) deduction was upheld in favour of the assessee. en-us Fri, 29 Nov 2024 00:00:00 +0530 Fri, 31 Oct 2025 19:09:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464483 ITAT-Ahmedabad held that deduction under s.80P(2)(d) is available to a cooperative society on interest income from deposits with a cooperative bank that is itself a cooperative society, following HC precedent. The Tribunal found the invoking of revisional powers under s.263 by the PCIT unjustified, as the assessment was neither erroneous nor prejudicial to revenue. Revision was reversed and the assessment allowing the s.80P(2)(d) deduction was upheld in favour of the assessee. Case-Laws Income Tax Fri, 29 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464483