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2018 (8) TMI 2033 - ITAT MUMBAIDeduction u/s 80P(2)(d) on interest earned from co-operative Banks - according to AO the deduction cannot be allowed as income from co-operative bank is not allowable under section 80P(2)(d) of the Act in view of insertion of section 80P(4) in the Act with effect from 01.04.2007 differentiating a co-operative bank in comparison to co-operative society.CIT (A) disallowing the claim of Deduction u/s. 80P(2)(d) on the ground that co-operative bank does not fan under the purview of a Co-operative Society referred in section 80P(2)(d) - HELD THAT:- We find that the issue is squarely covered by Tribunals decision in the case of Kaliandas Udyog Bhavan Premises Co-op Society [2018 (4) TMI 1678 - ITAT MUMBAI]. Respectfully following the same, we delete the disallowance and allow the assessee’s claim of deduction under section 80P(2)(d) - Decided in favour of assessee.
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