Co-operative Societies Eligible for Exemption u/s 80P(2)(d) of Income Tax Act on interest on investments in Co-operative Banks: ITAT [Read Order]

By Devanand T R - On June 7, 2023 6:00 pm - 2 mins read

Co-operative Societies Eligible for Exemption- Income Tax Act on interest on investments in - Co-operative Banks - ITAT - TAXSCAN

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT), held that Co-operative Societies are eligible for Exemption under Section 80P(2)(d) of the Income Tax Act, 1961 on the interest income received by it from investments made in Co-operative Banks. The decision came out when the University of Agricultural Employees House Building Co-operative Society filed…

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