Housing Society Interest from Co-op Bank Eligible for 80P(2)(d) Deduction: ITAT Mumbai

Lake Florence ABCDEF & G CHS Ltd. Vs DCIT (ITAT Mumbai)

Interest from Co-operative Bank Held Eligible for Deduction – ITAT Allows 80P(2)(d) & 80P(2)(c) Claim of Housing Society

Assessee, a co-operative housing society, claimed deduction u/s 80P(2)(d) & 80P(2)(c) on interest income earned from deposits with co-operative banks. AO disallowed the claim, holding that such interest was not eligible for deduction, & CIT(A) upheld the order.

Before Tribunal, Assessee relied on several decis

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