Housing Loan Deduction U/S 80C Disallowed By AO; ITAT Confirms Eligibility Of Co-op Credit Society For Deduction

The ITAT held that interest paid on housing loan obtained from a co-operative credit society is eligible for deduction under Section 80C and reversed the AO’s disallowance. The decision clarifies that co-op society loans are not excluded from deduction entitlements under the Act.