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2022 (12) TMI 741 - AT - Income TaxDeduction u/s 80P(2)(d) - assessee had received interest income from the deposit made with the aforesaid Co-op. Bank - HELD THAT:- We note that the issue is no longer res-integra; and the Tribunal in a recent decision in the case of Palm Court M. Premises Co-operative Society Ltd [2022 (9) TMI 650 - ITAT MUMBAI] held after considering the decision of PCIT Vs. Totagar’s Co-operative Sales Society [2017 (7) TMI 1049 - KARNATAKA HIGH COURT] has held in favour of assessee as concluded that the assessee would be entitled for claim of deduction under Sec. 80P(2)(d) on the interest income earned on its investments/deposits with cooperative banks - Decided against revenue.
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