ITAT Allows Section 80P Deduction for Kerala University Co-op Society’s Bank Interest Income [Read Order]
After considering the arguments from both parties, the ITAT held that the interest income earned by the society on its investments with the co-operative bank, SBI, and the Treasury was eligible for deduction under Section 80P.
By Adwaid M S - On April 16, 2025 5:47 pm - 2 mins read
The Income Tax Appellate Tribunal (ITAT) has ruled in favor of the Kerala University Employees Co-operative Society Ltd., granting it a deduction under Section 80P for interest income earned from investments with the District Co-operative Bank, State Bank of India (SBI), and the Treasury. The decision was made in an appeal against the order passed…
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