2023 (2) TMI 514 - AT - Income Tax

Deduction u/s 80P(2)(d) - interest received from Co-operative banks - HELD THAT:- As decided in assessee own case 06.10.2022 [2022 (10) TMI 257 - ITAT SURAT] assessee is a co-operative society and therefore is entitled to claim deduction in respect of interest received from another co-operative bank under section 80(P)(2)(d) of the Act. Therefore, respectfully following the binding precedent of Hon'ble jurisdictional High Court of Gujarat in the case of Surat Vankar Sahakari Sangh Ltd [2016 (7) TMI 1217 - GUJARAT HIGH COURT] we confirm the order passed by the ld CIT(A) and dismiss the appeal of Revenue.