Denial of deduction claimed u/s 80P(2)(d) of IT Act regard to interest received from Co-Operative Banks /Scheduled Banks : ITAT Directs Re adjudication [Read Order]

By Aparna. M - On February 9, 2024 4:02 pm - 2 mins read
ITAT Bangalore - Co-Operative Banks - Scheduled Banks - taxscan

The Bangalore bench of Income Tax Appellate Tribunal ( ITAT ) directed re adjudication upon the denial of deduction claimed under Section 80(2)(d) of the Income Tax Act , 1961 with regard to the interest received from cooperative banks /scheduled banks. The assessee  S. K. Goldsmiths Industrial Co-operative Society Ltd., is a co-operative society registered…

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