Deduction u/s 80P(2)(d) duly available on interest income earned from cooperative bank

Premium Tower Co-operative Housing Society Ltd Vs Commissioner (Appeals) of Income Tax (ITAT Mumbai) ITAT Mumbai held that deduction under section 80P(2)(d) of the Income Tax Act duly available on interest income earned from FDs and RDs invested with cooperative bank. Facts- The assessee is a co-operative housing society registered under Maharashtra Co-operative Housing Society Ltd. Assessee has claimed deduction of Rs. 13,85,628/- u/s. 80P(2)(d) of the Act in respect of bank interest and interest on FDs and RDs received from cooperative banks. AO held that by insertion of Sub-Section (4) in s...