Section 80P(2)(d) Deduction for Co-op Society on Interest from Co-op Bank: ITAT Delhi

Janta Adarsh Co-operative Thrift & Credit Society Ltd Vs ITO (ITAT Delhi)

The Income Tax Appellate Tribunal (ITAT) Delhi, in the case of Janta Adarsh Co-operative Thrift & Credit Society Ltd Vs ITO, dealt with an important issue regarding the eligibility of a co-operative society to claim deduction under Section 80P(2)(d) of the Income Tax Act, 1961, on the interest earned from deposits made with a co-operative bank. This consolidated order addresses the appeals for the assessment years 2018-19 and 2020-21.

Background of the Case

The

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