https://www.taxtmi.com/caselaws?id=448367 A co-operative society engaged in banking and credit to members may claim deduction for income integrally linked to its banking operations under section 80P(2)(a)(i), including commission from chitty-related activity and income from investments made as part of those operations. Interest and dividend earned from investments with co-operative banks may also qualify under section 80P(2)(d). Dividend from unlisted securities, however, is not deductible under section 80P(2)(a)(i) unless it is shown to form part of the banking business, though any residual deduction may still be available within the applicable limit under section 80P. en-us Thu, 28 Dec 2023 00:00:00 +0530 Wed, 17 Jan 2024 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448367 A co-operative society engaged in banking and credit to members may claim deduction for income integrally linked to its banking operations under section 80P(2)(a)(i), including commission from chitty-related activity and income from investments made as part of those operations. Interest and dividend earned from investments with co-operative banks may also qualify under section 80P(2)(d). Dividend from unlisted securities, however, is not deductible under section 80P(2)(a)(i) unless it is shown to form part of the banking business, though any residual deduction may still be available within the applicable limit under section 80P. Case-Laws Income Tax Thu, 28 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448367