Deduction u/s. 80P(2)(d) admissible on interest received from Kanchipuram Central Co-op. Bank

Tamilnadu Special Police Employees Cooperative Vs ITO (ITAT Chennai) ITAT Chennai held that Kanchipuram Central Co-operative Bank Ltd., is a co-operative society registered under the Tamil Nadu Co-operative Societies Act, 1983 hence deduction u/s. 80P(2)(d) in respect of interest / dividend income received from Kanchipuram Central Co-operative Bank Ltd. admissible. Facts- The assessee is a Thrift and Credit Society registered under the Tamil Nadu Co-operative Societies Act, 1983. The AO completed the assessment u/s.147 r.w.s. 144B of the Act vide order dated 02.03.2023. In the said reassessmen...