Interest Income from Co-operative Banks to be considered for Deduction u/s 80P(2)(d) of Income Tax Act: ITAT allows Appeal [Read Order]

The bench sets aside issues for fresh adjudication, providing relief to the assessee.
ITAT Bangalore - Tax news -I ncome Tax Deduction - Taxscan

The Bangalore bench of the Income Tax Appellate Tribunal allowed the appeal filed by the assessee against the order of the National Faceless Appeal Centre (NFAC), disallowing the deduction under Section 80P(2)(d) of the Income Tax Act, 1961. The assessee GSSS Credit Co-operative Society Limited, claimed a deduction under the provisions of Section 80P(2)(d) of…

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