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2023 (5) TMI 1244 - AT - Income TaxExemption u/s 80P(2)(d) - income by way of interest from investment made with cooperative banks shall not be entitled to deduction - HELD THAT:- We hold that the assessee is eligible for 80P(2)(d) deduction in respect of interest earned from co-operative banks based on the view taken in M/s. Bhavasar Kshtriya Co-operative Credit Society Ltd. [2022 (10) TMI 850 - ITAT BANGALORE] It is directed that interest earned by the assessee under the head Income from other sources by granting benefit available to the assessee u/s. 57 - We direct the AO to follow the directions therein and to compute the deduction in the hands of the assessee in accordance with law. Appeal filed by assessee stands allowed.
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