Deduction claimed u/sec. 80P(2)(d) - In the instant case, the ...

Assessee Wins Deduction Claim for Interest Income from Co-operative Bank u/s 80P(2)(d) of Income Tax Act.

March 27, 2021

Case Laws Income Tax AT

Deduction claimed u/sec. 80P(2)(d) - In the instant case, the Assessee has earned interest income from Krishna District Co-operative Central Bank (KDCCB) and it is not the case of the Revenue Department that KDCCB is not a co-operative society. Therefore on the aforesaid consideration and analyzations, the decision of the ld. CIT(A) qua issue in hand is set aside and the AO is directed to allow the deduction claimed u/sec. 80P(2)(d) of the Act by the Assessee . - AT

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Deduction claimed u/sec. 80P(2)(d) - In the instant case, the ...

Assessee Wins Deduction Claim for Interest Income from Co-operative Bank u/s 80P(2)(d) of Income Tax Act.

March 27, 2021

Case Laws Income Tax AT

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