https://www.taxtmi.com/caselaws?id=197716 The Tribunal allowed the appeal, directing the Income Tax Authorities to treat the income from investments of the cooperative society as eligible for deduction under section 80P(2)(a)(i) of the Income Tax Act 1961. Additionally, the interest income received from other cooperative societies was also deemed eligible for deduction under section 80P(2)(d). The Tribunal differentiated the case from a previous Supreme Court judgment and held that both types of income were integral to the banking activities of the cooperative society, warranting the deductions. en-us Wed, 20 Jul 2016 00:00:00 +0530 Fri, 12 Jan 2018 18:36:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197716 The Tribunal allowed the appeal, directing the Income Tax Authorities to treat the income from investments of the cooperative society as eligible for deduction under section 80P(2)(a)(i) of the Income Tax Act 1961. Additionally, the interest income received from other cooperative societies was also deemed eligible for deduction under section 80P(2)(d). The Tribunal differentiated the case from a previous Supreme Court judgment and held that both types of income were integral to the banking activities of the cooperative society, warranting the deductions. Case-Laws Income Tax Wed, 20 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197716