https://www.taxtmi.com/caselaws?id=754184 Interest income earned by a cooperative society from deposits of surplus funds with a cooperative bank and scheduled banks was treated as eligible for deduction under section 80P(2)(a)(i) and section 80P(2)(d) of the Income-tax Act, following the Tribunal's coordinate bench view. The contrary approach of the lower authorities was not accepted, and the deduction was allowed in respect of that interest income. en-us Mon, 01 Jan 2024 00:00:00 +0530 Wed, 13 May 2026 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754184 Interest income earned by a cooperative society from deposits of surplus funds with a cooperative bank and scheduled banks was treated as eligible for deduction under section 80P(2)(a)(i) and section 80P(2)(d) of the Income-tax Act, following the Tribunal's coordinate bench view. The contrary approach of the lower authorities was not accepted, and the deduction was allowed in respect of that interest income. Case-Laws Income Tax Mon, 01 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754184