Deduction u/s 80(2)(d) available to co-operative society on interest received on deposits with co-operative bank

Kinjal Heaven Cooperative Society Ltd. Vs ITO (ITAT Mumbai) ITAT Mumbai held that were the co-operative society receives/earns the interest on deposits with the co-operative bank is eligible for claim of deduction under Section 80(2)(d) of the Income Tax Act. Facts- The assessee is a cooperative housing society registered under Maharashtra Society Act 1960. The case was selected for limited scrutiny under CASS. AO found that the assessee has disclosed the interest income on the fixed deposits from six cooperative banks aggregating to Rs. 17,79,348/- and has claimed deduction u/s 80P(2)(d) of ...