https://www.taxtmi.com/caselaws?id=754864 Interest earned by a co-operative housing society from deposits with co-operative banks was held deductible under section 80P(2)(d) because a co-operative bank is treated as a co-operative society for that purpose. The Tribunal applied the broad definition of co-operative society under section 2(19) and read the provision to cover income by way of interest derived from investments with any other co-operative society. Section 80P(4) was not treated as defeating the claim on these facts, so the disallowance was unsustainable and the addition was deleted. en-us Fri, 21 Jun 2024 00:00:00 +0530 Tue, 24 Mar 2026 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754864 Interest earned by a co-operative housing society from deposits with co-operative banks was held deductible under section 80P(2)(d) because a co-operative bank is treated as a co-operative society for that purpose. The Tribunal applied the broad definition of co-operative society under section 2(19) and read the provision to cover income by way of interest derived from investments with any other co-operative society. Section 80P(4) was not treated as defeating the claim on these facts, so the disallowance was unsustainable and the addition was deleted. Case-Laws Income Tax Fri, 21 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754864