M/S. JUDICIAL EMPLOYEES HOUSE BUILDING CO-OPERATIVE SOCIETY LIMITED,MYSURU vs. INCOME-TAX OFFICER, WARD-2(2), MYSORE

This appeal by the assessee is disposed of by order dated 11.4.2023. In para 8 of the order, the sentence towards end of the para reads as under:-

8. On the other hand, the ld. DR supported the orders of lower authorities and submitted ………………………………….. He further submitted that in the case of PCIT & Ors. v. Totagars Co-operative Sale Society reported in 392 ITR 0074 (Karnataka), the Hon’ble Court had decided that deduction u/s. 80P(2)(d) is allowable on the interest income received from co-operative society.