Ijmima Imitation Jewellery Market Society Ltd. v. Assessing Officer (2024) 115 ITR 72 (SN)(Mum)(Trib)

S. 80P : Co-operative societies-Interest income on investments made with Co-Operative Banks-Entitle to deduction. [S.2(19), 80P(2)(d)] Co

Held that interest or dividend income was derived by a co-operative society from investment with another co-operative society, the whole of such income is eligible for deduction under section 80P(2)(d). Oder of CIT(A) affirming  the order of the Assessing Officer is set aside.  (AY. 2018-19)

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