https://www.taxtmi.com/caselaws?id=338020 Interest earned by a co-operative society from deposits placed with a co-operative bank is deductible under section 80P(2)(d) because, for that provision, a co-operative bank falls within the expression "co-operative society". The analysis also distinguishes an earlier Supreme Court ruling on section 80P(2)(a)(i), holding that it concerned business income and did not control the present deduction question under section 80P(2)(d). On that basis, the deduction was treated as rightly available and the Revenue's challenge failed. en-us Thu, 05 Jan 2017 00:00:00 +0530 Fri, 13 Feb 2026 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338020 Interest earned by a co-operative society from deposits placed with a co-operative bank is deductible under section 80P(2)(d) because, for that provision, a co-operative bank falls within the expression "co-operative society". The analysis also distinguishes an earlier Supreme Court ruling on section 80P(2)(a)(i), holding that it concerned business income and did not control the present deduction question under section 80P(2)(d). On that basis, the deduction was treated as rightly available and the Revenue's challenge failed. Case-Laws Income Tax Thu, 05 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338020