https://www.taxtmi.com/caselaws?id=360981 The Tribunal upheld the denial of deduction under section 80P(2)(d) of the Income-tax Act for interest received on investments with sub-treasuries and co-operative banks, stating they do not qualify as income from co-operative societies. However, the Tribunal directed a fresh assessment to determine if the interest income could be allowed as a deduction under section 80P(2)(a)(i), emphasizing the need to establish the connection between the investments and the normal business activities of providing credit facilities to members. en-us Fri, 25 May 2018 00:00:00 +0530 Sat, 26 May 2018 08:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360981 The Tribunal upheld the denial of deduction under section 80P(2)(d) of the Income-tax Act for interest received on investments with sub-treasuries and co-operative banks, stating they do not qualify as income from co-operative societies. However, the Tribunal directed a fresh assessment to determine if the interest income could be allowed as a deduction under section 80P(2)(a)(i), emphasizing the need to establish the connection between the investments and the normal business activities of providing credit facilities to members. Case-Laws Income Tax Fri, 25 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360981