Deduction u/s. 80P(2)(d) allowable on interest earned by Cooperative Society from deposits with Cooperative Bank: ITAT Ahmedabad

Khedbrahma Taluka Primary Teachers Co-operative Credit Society Limited Vs ITO (ITAT Ahmedabad)

ITAT Ahmedabad held that interest income earned by the assessee (i.e. Cooperative society) from deposits with Co­operative Banks shall be allowed as deduction u/s 80P(2)(d) of the Income Tax Act.

Facts- The assessee is

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