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2021 (2) TMI 417 - AT - Income TaxDisallowance u/s 80P(2)(d) - interest earned by the assessee society from cooperative banks - HELD THAT:- As decided in own case [2018 (4) TMI 1854 - ITAT MUMBAI] appellant would be entitled for claim of deduction under Sec. 80P(2)(d) of the Act in respect of interest and dividend income earned by it, on the investments held with the co-operative bank i.e. MDC Co-operative Bank Ltd. Accordingly, the AO is directed to allow the deduction u/s 80P(2)(d). Deduction u/s 80P(2)(a)(i) allowed being the income from business activity of providing credit facilities to its members - See SHRI VARDHAMAN URBAN CO-OPERATIVE CREDIT SOCIETY LTD. [2015 (9) TMI 1658 - KARNATAKA HIGH COURT] and QUEPEM URBAN CO-OPERATIVE CREDIT SOCIETY LTD. [2015 (6) TMI 573 - BOMBAY HIGH COURT]
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