Co-operative Society Entitled to Deduction u/s 80P(2)(d) of Income Tax for Deposits in Co-operative Banks: ITAT [Read Order]

ITAT held that the disallowance made by the AO under Section 80P(2)(d) of the Act is not justified
By Saagarika Gopinath - On October 1, 2024 3:58 pm - 2 mins read
ITAT - Income Tax Appellate Tribunal - Section 80P(2)(d) - Section 80P(2)(d) of the Income Tax Act - Co-operative Society - Co-operative Bank - TAXSCAN

In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) allowed the appeal filed by the co-operative society and held that it was entitled to deductions under Section 80P(2)(d) of the Income Tax Act, 1961, for deposits in co-operative banks In this case, the assessee, Sumel 6 Commercial Co-op. Service Society Limited, had…

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