This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Section 80P(2)(d) Deduction eligible to co-op societies on interest from Co-op Banks
Case Law Details
- Case Name
- Manila Sahayak Gruh Udyogsaha Vs ACIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Ahmedabad
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Manila Sahayak Gruh Udyogsaha Vs ACIT (ITAT Ahmedabad)
There is no dispute that Panchmahal District Co-operative Bank Limited and Dahod Urban Co-operative Bank Limited both are registered under Societies Act and the interest received from these Co-operative Banks are allowable under Section 80P(2)(d) of the Act as per the decision of Hon’ble Gujarat High Court in the case of Surat Vankar Sahakari Sangh Limited (supra). The Hon’ble High Court observed that the provision of Section 80P(2)(d) of the Act does not make any distinction in regard to source of the investment becau...
