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Whether on the facts and in circumstances of thecaseand in law. the Ld. CIT(A) in allowing deduction u/s 80P(2)(d) of the I. T. Act. 1961, without appreciating legislative intent of the inserted provision of 80P) which specifically provides that section shall not apply in relation to any Co-operative bank other than a primary agricultural credit society or primary cooperative agricultural and rural developer bank.

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Sec. 80P(2)(d) of Income Tax Act, 1961— Deduction — Assessee entitled for claim of deduction u/s 80P(2)(d) in respect of interest income on the investment made in the Co-operative bank - ITO V/s OBEROI SPRING CO-OPERATIVE HOUSING SOCIETY LTD. - [2020] 28 ITCD Online 064 (ITAT-MUMBAI)