Interest earned by Co-operative Society on its Investments in Co-operative Bank eligible for Deduction: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai held that the interest income earned by a co-operative society on its investments held with a co-operative bank would be eligible for claim of deduction under Sec. 80P(2)(d) of the Income Tax Act. The assessee which is a co-operative society had filed its return of income for A.Y. […]

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