Deduction on Interest Income Earned from Co-Operative Bank u/s 80P(2)(d) allowed: ITAT sets aside order of CIT(A) [Read Order]

Deduction - Interest - Income - Co-operative Bank - ITAT - income tax -taxscan

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) set aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)] and directed the Assessing officer to allow the claim of deduction under Section 80P(2)(d) of the Income Tax Act,1961 on the interest income/dividend received /earned from the co-operative banks. The assessee Gautam Dhan Co-op…

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