https://www.taxtmi.com/caselaws?id=440468 Interest earned by a co-operative housing society from fixed deposits and savings accounts with co-operative banks was treated as eligible for deduction under section 80P(2)(d). The analysis states that this provision covers interest or dividend income from investments made with any other co-operative society, and that section 80P(4), which excludes co-operative banks from claiming deduction, does not control a claim made by a co-operative housing society under section 80P(2)(d). The distinction between co-operative banks and co-operative societies was central, and interest from co-operative bank deposits was viewed as within the scope of the deduction. en-us Fri, 14 Jul 2023 00:00:00 +0530 Tue, 18 Jul 2023 09:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440468 Interest earned by a co-operative housing society from fixed deposits and savings accounts with co-operative banks was treated as eligible for deduction under section 80P(2)(d). The analysis states that this provision covers interest or dividend income from investments made with any other co-operative society, and that section 80P(4), which excludes co-operative banks from claiming deduction, does not control a claim made by a co-operative housing society under section 80P(2)(d). The distinction between co-operative banks and co-operative societies was central, and interest from co-operative bank deposits was viewed as within the scope of the deduction. Case-Laws Income Tax Fri, 14 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440468