Non-Bank Co-op Society Eligible for 80P(2)(d) on Interest from Co-op Banks: Sikkim HC

Sikkim State Cooperative Supply and Marketing Federation Limited Vs DCIT (Sikkim High Court)

Non-Bank Cooperative Society Entitled to Section 80P(2)(d) Deduction on Interest from Cooperative Banks | Sikkim High Court Sets Aside ITAT Order

Executive Summary

The High Court of Sikkim has delivered a landmark judgment clarifying the scope of section 80P(4) and 80P(2)(d) of the Income Tax Act, 1961, holding that non-banking cooperative societies are entitled to claim deductions under section 80P(2)(d) on i

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