80P deduction admissible on interest earned by co-operative society from deposits with co-operative and nationalized banks

Sangli Salary Earners Co Op Society Ltd. Vs ITO (ITAT Pune) ITAT Pune held that deduction under section 80P of the Income Tax Act admissible on interest income received by co-operative society from deposits with co-operative banks and nationalized banks. Accordingly, appeal of the assessee is allowed. Facts- This appeal is filed by the Assessee against the order of Commissioner of Income Tax(Appeals)[NFAC], passed under section 250 of the Income Tax Act, 1961 for A.Y.2020-21, dated 27.08.2025 emanating from Assessment Order u/s. 143(3) read with section 143(3) r.w.s 144B of the Income Tax Act...