Interest received from co-operative society/bank is deductible u/s. 80P(2)(d): ITAT Bangalore

Prathamika Krushi Pathina Sahakara Sangha Niyamitha Nelaji Vs ITO (ITAT Bangalore)

ITAT Bangalore held that interest income received from co-operative society or co-operative banks is eligible for deduction under section 80P(2)(d) of the Income Tax Act. Accordingly, matter restored to AO to examine the source of interest income.

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