Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (4) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (4) TMI 1854 - AT - Income TaxDisallowance u/s 80P(2)(d) - interest earned by the assessee society from cooperative banks - HELD THAT:- On identical issue in the case of Income Tax Officer vs M/s Presidency Co-operative Housing Society Ltd. [2018 (3) TMI 309 - ITAT MUMBAI],LANDS END CO-OPERATIVE HOUSING SOCIETY LTD [2016 (2) TMI 620 - ITAT MUMBAI] AND DARBHANGA MANSION CHS LTD. [2014 (12) TMI 1112 - BOMBAY HIGH COURT] decided identical issue in favour of the assessee by holding that the deduction in respect of income cooperative society by way of interest from its investment with other co-operative society, the assessee is entitle to deduction in respect of interest received/derived by it on deposit with cooperative bank - Also see M/S. THE TOTGARS´ COOPERATIVE SALE SOCIETY LIMITED [2010 (2) TMI 3 - SUPREME COURT] - Decided in favour of assessee.
|