Section 80P(2)(d) Deduction Eligible on Interest on Deposits with Co-Op Society 

Balduhak Co-operative Agriculture Service Society Ltd. Vs ITO (ITAT Chandigarh) Introduction: The case of Balduhak Co-operative Agriculture Service Society Ltd. vs ITO (ITAT Chandigarh) revolves around the eligibility of interest income for deduction under Section 80P(2)(d) of the Income Tax Act. The society challenged the disallowance of its claim under this section, pertaining to the Assessment Year 2018-19. Detailed Analysis: The core issue in this case was whether the interest income earned by Balduhak Co-operative Agriculture Service Society Ltd. from deposits placed with Kangra Central C...