Interest Income of Co-Operative Society from Co-operative Bank entitled for Deduction under Sec 80P (2)(d): ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT) held that interest income derived by a co-operative society from its investments held with a co-operative bank would be entitled to claim of deduction under Sec.80P(2)(d) of the Act. The ruling was made by the Tribunal in the case of M/s Solitaire CHS Ltd. v. Principal Commissioner of Income-tax. […]

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