No Section 69 Addition Merely for Reflecting Depreciation in Incorrect ITR Schedule

ACIT Vs Zila Sahkari Bank Private Limited (ITAT Delhi) ITAT Allows Deduction Under Section 80P(2)(d) Because Dividend Was Received From Cooperative Societies SEO Description: The Tribunal held that dividend received from cooperative societies qualified for deduction under Section 80P(2)(d), despite the assessee originally claiming exemption under Section 10(34). Relying on earlier decisions in the assessee’s own case, it deleted the sustained addition. The Income Tax Appellate Tribunal (ITAT), Delhi, decided the Revenue’s appeal and the assessee’s cross objection arising from...