Section 80P(2)(d) deduction not eligible on Interest Income from KDCC Bank

Laxminarayana Suvarna Credit Co-operative Society Ltd. Vs ITO (ITAT Bangalore) n the matter of Laxminarayana Suvarna Credit Co-operative Society Ltd. vs. Income Tax Officer (ITAT Bangalore), the appeals were filed by the assessee against the orders of the CIT(Appeals), National Faceless Appeal Centre, Delhi, for the assessment years 2018-19 and 2020-21. The core issue revolved around the eligibility of the assessee to claim deductions under sections 80P(2)(a)(i) and 80P(2)(d) of the Income Tax Act, 1961 (the Act), concerning interest income earned from investments with Karnataka District Centr...