ITAT Allows Section 80P Deduction on Interest Earned from Bank Deposits by Co-operative Credit Society:

ITAT Allows Section 80P Deduction on Interest Earned from Bank Deposits by Co-operative Credit Society

The ITAT Pune holds that interest earned from deposits with nationalised, scheduled and co-operative banks is eligible for deduction under Section 80P(2)(a)(i)

ITAT Allows Deduction Under Section 80P(2)(a)(i)

authorSaimadateJul 13, 2026
Last update on Jul 11, 2026
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ITAT Allows Section 80P Deduction on Interest Earned from Bank Deposits by Co-operative Credit Society

The ITAT Pune holds that interest earned from deposits with nationalised, scheduled and co-operative banks is eligible for deduction under Section 80P(2)(a)(i)

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Saima

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Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
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Delhi, Delhi, India
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