The Pune Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of a cooperative credit society, holding that interest income earned from deposits made with cooperative banks qualifies for deduction under Section 80P(2)(d) of the Income-tax Act, 1961. The bench of Dr.Manish Borad (Accountant Member) that cooperative banks continue to retain their…
Membership Required
Already a member? Log in here
