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2022 (10) TMI 401 - AT - Income TaxDeduction u/s 80P(2)(d) in respect of interest income earned from deposits kept with Co-operative banks - HELD THAT:- As relying on Kaliandas Udyog Bhavan Premises Co-op Society [2018 (4) TMI 1678 - ITAT MUMBAI] and Rena Sahakri Sakhai Karkhana Ltd [2022 (1) TMI 419 - ITAT PUNE] assessee is entitled for deduction under section 80P(2)(d) of the Act in respect of interest income earned from the cooperative banks. Accordingly, set aside the order passed by learned CIT(A) and direct the Assessing Officer to allow deduction under section 80P(2)(d) of the Act in respect of interest income earned from the cooperative banks. Appeal filed by the assessee is allowed.
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