Held that interest income earned by a co-operative society from investments made in co-operative banks would be eligible for deduction under section 80P(2)(d) of the Act. (AY. 2018-19, 2020-21)
Sangli Division Telecom Workers Co-op Credit Society Ltd. v. ITO (2024) 206 ITD 529 (Pune) (Trib.)
S. 80P : Co-operative societies-Interest-Investments made in co-operative banks would be eligible for deduction.[S.80P(2)(d)]
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