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2022 (10) TMI 968 - ITAT MUMBAIDeduction u/s. 80P(2)(d) - interest earned from deposits in cooperative bank - as per AO amendment made by Finance Act, 2015 in section 194A(3)(v) of the Act which excludes the Cooperative Banks from the definition of "Co-operative Society and requiring them to deduct income tax at source under Section 194A - HELD THAT:- As relying on Kaliandas Udyog Bhavan Premises Co-op Hsg Society [2018 (4) TMI 1678 - ITAT MUMBAI] and KSHATRIY GADKARI MARATHA COOPERATIVE CREDIT SOCIETY LTD. [2019 (4) TMI 1932 - ITAT MUMBAI] we hold that the assessee a cooperative society is eligible for deduction u/s. 80P(2)(d) of the Act in respect of the interest income earned by the assessee from either any other cooperative society or from a cooperative bank. Thus, we do not find any infirmity in the order of the Ld. CIT(A) and accordingly, grounds raised by the revenue are dismissed.
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