Held interest income derived by a co-operative society from its investments held with a co-operative bank would be eligible for deduction under section 80P(2)(a)(i)/80P(2)(d). (AY. 2020-21)
Shree Parashar Vividh Kary Kari Sahakari Vikas Sanstha Maryadit. v. ITO (2024) 206 ITD 663 (Pune)(Trib.)
S. 80P : Co-operative societies-Interest-co-operative bank-Eligible for deduction. [S.80P(2)(a)(i), 80P(2)(d)]
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