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2021 (6) TMI 312 - AT - Income TaxDeduction u/s 80P - Income from other sources - Treatment to Interest earned from Cooperative Bank' and Commercial Bank - HELD THAT:- As decided in own case [2020 (7) TMI 715 - ITAT DELHI] assessee being a co-operative society not involved in banking operation is not eligible for deduction u/s. 80P(2)(a)(i).The assessee being a co-operative society is eligible for deduction u/s. 80P(2)(d) on the interest earned from other co-operative societies. The assessee is eligible for the expenditure u/s. 57 incurred in earning the interest income which is taxable under the head "income from other sources" as per Section 56. Thus addition is hereby deleted.
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