|Court:||INCOME TAX APPELLATE TRIBUNAL PUNE BENCH|
Interest income earned by the cooperative society from the cooperative banks qualifies for deduction u/s 80(P)(2)(d) of the Income Tax Act. Such interest also qualifies for exemption u/s 80P(2)(a)(i) of IT Act. PCIT was not justified in passing revision order U/s 263 of the Act on this issue.
|Section(s):||263, 80P(2)(d), 80P(2)(a)(i)|
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|Date of upload:||December 4, 2022|