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RU
ITAT Pune Sets Aside Denial of Section 80P(2)(d) Deduction on Interest Income
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AdvertisementAlaknanda Sahakari Gruharachana Sanstha Maryadit Vs ITO (ITAT Pune) The assessee, a co-operative housing society registered under the Maharashtra State Co-operative Societies Act, appealed against the order of the Addl./Jt.
Commissioner of Income Tax (Appeals), Delhi, arising from an intimation under Section 143(1) of the Income-tax Act for AY 2021-22.
The assessee had earned interest income of ₹1,47,640 from fixed/term deposits and ₹3,979 from savings account balances maintained with Pune District Central Co-operative Bank (PDCC) and claimed deduction of ₹1,51,620 under Section 80P(2)(d...