#Deduction Eligibility

ITAT Mumbai rules that co-operative societies earning interest from deposits with co-operative banks qualify for deduction under Section 80P(2)(d), reinforcing the co-operative character of such banks under tax law. The decision clarifies eligibility for co-operative societies, impacting tax assessments for similar entities.

ITAT Ahmedabad rules that CSR donations, even if mandatory under the Companies Act, qualify for deduction under Section 80G if the donee institution is approved. The tribunal rejects the tax department's argument that such expenditures, being obligatory, cannot be treated as voluntary donations for tax benefits. This clarifies that compliance with statutory CSR obligations does not preclude eligibility for Chapter VI-A deductions.