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Co-operative Society Denied Deductions for Interest Income from Co-operative Bank u/s 80P(2)(d) for 2007-2012.

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Full Text of the Document

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....Deduction u/s. 80P(2)(d) - interest income - the income by way of interest earned by the assessee co-operative society during the Assessment Years 2007-2008 to 2011-12 on the investments made in the co-operative bank are not eligible for deductions under Section 80P(2)(d) - AT....