ITAT Pune Allows Section 80P(2)(a)(i) Deduction on Co-op Bank Interest

Advertisement Dapodi Workshop Employees Co-operative Credit Society Limited Vs ITO (ITAT Pune) The Pune Bench of the Income Tax Appellate Tribunal allowed the assessee’s appeal for Assessment Year 2020-21 after condoning the delay in filing. The assessee, a co-operative credit society registered under the Maharashtra State Co-operative Societies Act and engaged in providing credit facilities to its members, had filed its return declaring gross total income of ₹39,43,019 and nil taxable income after claiming deduction under Section 80P of the Income-tax Act. During assessment, the As...