https://www.taxtmi.com/caselaws?id=333565 Income earned by a co-operative society from deposits made in the course of its credit business, including interest and dividend from investments with co-operative banks or societies, is stated to qualify for deduction under section 80P of the Income-tax Act, 1961. The text explains that the expression "attributable to" has a wider scope than "derived from", and covers income that is incidental to and inextricably linked with the society's business of providing credit facilities to members. On that basis, the Tribunal sustained the assessee's claim and the disallowance was deleted. en-us Fri, 26 Aug 2016 00:00:00 +0530 Tue, 18 Oct 2016 08:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333565 Income earned by a co-operative society from deposits made in the course of its credit business, including interest and dividend from investments with co-operative banks or societies, is stated to qualify for deduction under section 80P of the Income-tax Act, 1961. The text explains that the expression "attributable to" has a wider scope than "derived from", and covers income that is incidental to and inextricably linked with the society's business of providing credit facilities to members. On that basis, the Tribunal sustained the assessee's claim and the disallowance was deleted. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333565