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2024 (4) TMI 597 - AT - Income TaxDeduction u/s 80P(2)(d) - interest received from the Co-operative Bank - gross interest calculation - HELD THAT:- We note that issue under consideration is no longer res judicata and the interest received from Co-operative Bank is allowable deduction u/s 80P(2)(d) for that reliance is placed on the decision of Surat VankarSahakari Sangh Ltd [2016 (7) TMI 1217 - GUJARAT HIGH COURT] wherein it was held that assessee-co-operative society was eligible for deduction under section 80P(2)(d) of the Act, in respect of gross interest received from co-operative bank without adjusting interest paid to said bank - Appeal of assessee allowed.
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