ITAT Allows 80P(2)(d) Deduction on Interest from Co-op Bank Deposits to Co-op Society

Thane Zilla Vidyasevak Sahakari Patpedhi Ltd. Vs CIT (Appeals) (ITAT Mumbai)

Summary: This appeal was filed by Thane Zilla Vidyasevak Sahakari Patpedhi Ltd. (the assessee), a co-operative society registered under the Maharashtra Co-operative Societies Act 1960, against the order of the Commissioner of Income-tax (Appeals) [CIT(A)] for the Assessment Year (A.Y.) 2018-19.

The Issue and Lower Authorities’ Findings

The assessee, which filed a return declaring Nil income, earned tota

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