Interest earned by co-operative society from deposit with co-operative banks eligible for deduction u/s 80P(2)(d)

Gautam Dhan Co-op Housing Society Ltd Vs ITO (ITAT Mumbai) ITAT Mumbai held that deduction u/s 80P(2)(d) of the Income Tax Act is duly available to co-operative society on the interest income/dividend received/earned from deposits with the co-operative banks. Facts- The assessee is a Housing cooperative society and has filed the return of income for the A.Y 2019-20 disclosing a total income of Rs. Nil after claiming deduction u/s 80P(2)(d) of the Act of 1,58,305/-and setoff of loss of Rs1,20,750/-. The return of income was processed u/s 143(1) of the Act. Whereas the AO/CPC has denied the clai...