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Income Tax - Highlights / Catch Notes

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Deduction u/s 80P - interest has been received from Cooperative ...


Interest from Cooperative Banks Qualifies for Section 80P Deduction, Tribunal Rules in Favor of Assessee's Claim.

February 5, 2024

Case Laws     Income Tax     AT

Deduction u/s 80P - interest has been received from Cooperative Bank - Tribunal while allowing the claim of the assessee, held that, though the interest has been received from Cooperative Bank, but basically it is a Cooperative Society, which has taken a banking license.

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