Section 80P(2)(d) Deduction: Dividend from Co-op Banks & Credit Society

Mahapalika Kshetra Madhyamik Shikshak Sahakari Pat Sanstha Maryadit Vs CIT(A) (ITAT Mumbai) Dividend which is earned by the Society registered under Maharashtra Co-operative Society Act, 1960 from shares of the co-operative banks and co-operative credit society is also eligible for deduction under section 80P(2)(d) of IOncome Tax Act, 1961 The brief facts of the case are that the assessee is a registered Society under Maharashtra Co-operative Society Act, 1960. The said society is a society of municipal secondary teachers and other municipal employees. The said Society registration No. is BOM/...