ITAT allows Deduction u/s 80P(2)(d) for Interest on Deposits with Co-operative Banks, Condones 9 Days Delay [Read Order]

A direction was made to verify that the Sabarkantha District Central Co-operative Bank, Khedbrahma, is a co-operative society duly registered under the Act
By Ashkar Tovarishch - On August 5, 2024 12:09 pm - 2 mins read
ITAT - ITAT Ahmedabad - ITAT allows Deduction under Section 80P(2)(d) - Income Tax Appellate Tribunal - Co-operative Banks - Taxscan

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) has allowed a deduction under Section 80P(2)(d) of the Income Tax Act, 1961, to Khedbrahma Taluka Primary Teachers Co-operative Credit Society Ltd. for interest earned on deposits with The Sabarkantha District Central Co-operative Bank, Khedbrahma. The Tribunal also condoned a nine-day delay in…

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