https://www.taxtmi.com/caselaws?id=467601 Processing adjustments under section 143(1)(a) cannot be used to disallow a section 80P(2)(d) deduction unless the claim falls within the limited categories of an apparent incorrect claim or other specified adjustment; the intimation was therefore unsustainable. Interest earned by a co-operative society from co-operative banks remained eligible for deduction under section 80P(2)(d), because a co-operative bank is treated as a co-operative society for the relevant purpose and the restriction in section 80P(4) did not apply to the assessee. The additions made in processing were set aside and the deduction claim was allowed. en-us Fri, 28 Jun 2024 00:00:00 +0530 Wed, 25 Mar 2026 20:41:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467601 Processing adjustments under section 143(1)(a) cannot be used to disallow a section 80P(2)(d) deduction unless the claim falls within the limited categories of an apparent incorrect claim or other specified adjustment; the intimation was therefore unsustainable. Interest earned by a co-operative society from co-operative banks remained eligible for deduction under section 80P(2)(d), because a co-operative bank is treated as a co-operative society for the relevant purpose and the restriction in section 80P(4) did not apply to the assessee. The additions made in processing were set aside and the deduction claim was allowed. Case-Laws Income Tax Fri, 28 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467601