Case Law Details
Case Name : Pathare Prabhu Co–operative Housing Society Ltd. Vs ITO (ITAT Mumbai)
Related Assessment Year : 2018-19
Courts :
All ITAT ITAT Mumbai
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Pathare Prabhu Co–operative Housing Society Ltd. Vs ITO (ITAT Mumbai)
The Income Tax Appellate Tribunal (ITAT) Mumbai recently ruled in favor of Pathare Prabhu Co-operative Housing Society Ltd., allowing deductions under Section 80P(2)(d) of the Income Tax Act, 1961, for interest income earned from deposits in co-operative banks. The appeal was filed against the orders of the Commissioner of Income Tax (Appeals) [CIT(A)] for assessment years 2017-18 and 2018-19. The tribunal also condoned the delay in filing appeals, accepting the society’s justification that it lacked full-tim
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