No Section 80P(2)(d) deduction on interest from co-operative bank: Karnataka HC

Judicial Employees House Building Cooperative Society Limited Vs ITO (Karnataka High Court) The case involves an appeal by the Judicial Employees House Building Cooperative Society Limited (the assessee) challenging the order of the Income Tax Appellate Tribunal (ITAT), Bengaluru, concerning the assessment year 2017-18. The appeal was filed under Section 260A of the Income Tax Act, 1961 (“the Act”), raising substantial questions of law regarding the eligibility of interest income from investments in a co-operative bank for deduction under Section 80P(2)(d) of the Act. The assessee had cl...