Interest on FDR of co-op society with co-op bank eligible for Section 80P(2)(d) deduction

Jaipur Zila Dugdh Utpadak Sahakari Sangh Ltd. Vs DCIT (ITAT Jaipur) Conclusion: Interest income derived by assessee, co-operative society from its investments held with a co-operative bank, was entitled for claim of deduction under section 80P(2)(d) as for the purposes of section 80P(2)(d) of the Act, Cooperative Bank Ltd shall be treated as a co-operative society. Held: During the year under consideration, assessee had received interest on FDRs placed with the Cooperative Bank on which deduction u/s 80P was claimed. AO referring to the decision of Hon’ble Supreme Court in case of Totgar’s...