https://www.taxtmi.com/caselaws?id=399741 Interest income earned by a cooperative society from deposits with a cooperative bank registered as a cooperative society was treated as deductible under section 80P(2)(d), because the statutory benefit extends to income derived from investments with another cooperative society. The Registrar's certificate proving the recipient bank's cooperative status was accepted as an official public document, and the objection that it amounted to inadmissible additional evidence was rejected. On that basis, the interest was held to fall within the deduction provision, and the disallowance sustained by the lower authorities was described as unsustainable. en-us Thu, 15 Oct 2020 00:00:00 +0530 Sat, 17 Oct 2020 15:43:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399741 Interest income earned by a cooperative society from deposits with a cooperative bank registered as a cooperative society was treated as deductible under section 80P(2)(d), because the statutory benefit extends to income derived from investments with another cooperative society. The Registrar's certificate proving the recipient bank's cooperative status was accepted as an official public document, and the objection that it amounted to inadmissible additional evidence was rejected. On that basis, the interest was held to fall within the deduction provision, and the disallowance sustained by the lower authorities was described as unsustainable. Case-Laws Income Tax Thu, 15 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399741