Interest Income received from Co-Op Society/Banks entitled to Deduction u/s 80P(2)(d): ITAT [Read Order]

The Income Tax Appeal was accompanied by an application for condoning delay of 11 days which was allowed by the Tribunal
Interest Income Deduction - Bank Interest Deduction - Section 80P Income Tax Deduction - taxscan

The Income Tax Appellate Tribunal ( ITAT ), Bangalore recently affirmed that deductions under Section 80P(2)(d) of the Income Tax Act, 1961 may be availed on interest income received from co-operative societies or banks. The Bangalore ITAT rendered the decision while adjudicating an Income Tax Appeal filed by M/s. Prathamika Krushi Pathina Sahakara Sangha Niyamitha…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here
taxscan-loader