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Interest from co-op banks ITAT Mumbai Allows Section 80P(2)(d) Deduction to Housing Society
Case Law Details
- Case Name
- Sterling Court E Wing Cooperative Housing Society Limited Vs ITO (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Mumbai
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Sterling Court E Wing Cooperative Housing Society Limited Vs ITO (ITAT Mumbai)
The Income Tax Appellate Tribunal (ITAT) Mumbai ruled in favor of Sterling Court E Wing Cooperative Housing Society Limited, allowing the deduction under Section 80P(2)(d) of the Income Tax Act, 1961. The appeals were filed for four different assessment years, challenging the disallowance of deductions on interest income earned from cooperative banks. The Tribunal overturned the decisions of the lower authorities and directed the Assessing Officer (AO) to grant the deductions.
The primary issue in these appeals was ...
