https://www.taxtmi.com/caselaws?id=467650 A co-operative society's claim for deduction on interest earned from investments with a co-operative bank was held allowable under section 80P(2)(d), following the view that such interest falls within the statutory deduction for recipient co-operative societies. The disallowance was therefore not sustained. Separately, the disallowance of property tax under section 43B was sent back for fresh adjudication because the first appellate authority had not examined the assessee's specific factual and legal submissions in a speaking manner. The matter was remanded to ensure consideration on merits after affording an opportunity of hearing. en-us Tue, 18 Feb 2025 00:00:00 +0530 Tue, 24 Mar 2026 10:06:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467650 A co-operative society's claim for deduction on interest earned from investments with a co-operative bank was held allowable under section 80P(2)(d), following the view that such interest falls within the statutory deduction for recipient co-operative societies. The disallowance was therefore not sustained. Separately, the disallowance of property tax under section 43B was sent back for fresh adjudication because the first appellate authority had not examined the assessee's specific factual and legal submissions in a speaking manner. The matter was remanded to ensure consideration on merits after affording an opportunity of hearing. Case-Laws Income Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467650