Supreme Court Allows Cooperative Societies to Deduct Interest Income from Fixed Deposits u/s 80P(2)(d) of Income Tax Act.

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....Deduction u/s 80(P)(2)(d) - Interest income earned on investment in Fixed Deposit with a cooperative bank. - The Hon’ble Apex Court categorically stated that the cooperative societies which earned interest income on its investment made with cooperative bank would be eligible for claim of deduction u/s 80P(2)(d) - Claim allowed - AT....