ITO v. Yendagandhi Large Sized Co-operative Society Ltd. (2024) 204 ITD 203 (Vishakapatnam) (Trib.)

S. 80P : Co-operative societies-Interest-Co-Operative banks and other nationalised banks-Eligible for deduction. [S.80P(2)]

Held that interest income received by assessee, a co-operative society, on deposits pertaining to reserved fund with co-operative banks and other nationalized banks is  eligible for deduction under section 80P. (AY. 2018-19)

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