Deduction u/s80(P0(2)(d)

Save Share

This query is : Resolved

Quick Summary

This discussion seeks to pinpoint the exact paragraph in the Hon'ble High Court judgement of Pr. Commissioner of Income Tax vs. Totagars Cooperative Sale Society (2017) that confirms interest earned by a cooperative society from investments with Cooperative Banks is eligible for deduction under Section 80P(2)(d). The reference points to paragraph 10 of the judgement, which states that such interest is deductible from gross income. A link to the judgement extract is provided for verification.

Sachin

Sachin (Querist)
Follow

13 September 2022 Where exactly in the judgement in the Hon’ble High Court in the case of Pr. Commissioner of Income Tax and Anr. Vs. Totagars Cooperative Sale Society (2017) 392 ITR 74 (Karn) is it stated that Interest earned by a cooperative society from investments with Cooperative Banks is eligible for deduction u/s 80(P)(2)(d)

Deepa B

Deepa B (Expert)
Follow

13 September 2022 It's paragraph 10 wherein it's mentioned that interest earned on deposits with Co-operative Society Bank are deductible from gross income as per Sec. 80P(2)(d) of the I.T. Act. Kindly refer the link of judgement extract: https://indiankanoon.org/doc/74130805/

Sachin

Sachin (Querist)
Follow

13 September 2022 Dear Deepa,

Thanks for the reply. How is https://indiankanoon.org/doc/164274360/ different from what you sent ?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now