Cooperative Bank Interest Income Eligible for Section 80P(2)(d) Deduction

Bhairavnath Multi State Co.op. Credit Society Limited Vs ITO (ITAT Pune) Interest from Co-op Banks = 80P(2)(d) Deduction Allowed: Pune ITAT Follows Consistent View The Pune Bench “B” of the ITAT allowed the appeal of Shri Bhairavnath Multi State Co-op. Credit Society Ltd. vs. ITO, Ward-3, Satara, ITA No. 2576/PUN/2025, AY 2020-21, vide order dated 18.12.2025, and held that interest income earned from investments with Cooperative Banks is eligible for deduction u/s 80P(2)(d) The Assessee, a multi-state co-operative credit society, earned interest of ₹3.87 crore from deposits/investments w...