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2023 (8) TMI 1265 - AT - Income TaxDeduction u/s 80P(2)(a)(i) - eligibility of exemption of income received by the assessee from cooperative banks/banks - HELD THAT:- We hold that the assessee is eligible for 80P(2)(d) deduction in respect of interest earned from co-operative banks based on the view taken in UNIVERSITY OF AGRICULTURAL EMPLOYEES HOUSE BUILDING CO-OP SOCIETY LTD. [2023 (5) TMI 1244 - ITAT BANGALORE] It is directed that any interest earned by the assessee from commercial banks may be considered under the head Income from other sources by granting benefit available to the assessee u/s. 57 of the Act. We direct the Ld.AO to follow the directions therein and to compute the deduction in the hands of the assessee in accordance with law.
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