https://www.taxtmi.com/caselaws?id=759024 Interest earned by a co-operative society on deposits placed with a co-operative bank was treated as income from investments covered by section 80P(2)(d), rather than business income under section 80P(2)(a)(i). On that basis, the deduction was held allowable because the income was derived from investments with a co-operative society and therefore fell within the statutory scope of section 80P(2)(d). The disallowance was not sustainable and the issue was decided in favour of the assessee. en-us Wed, 14 Aug 2024 00:00:00 +0530 Sat, 21 Sep 2024 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759024 Interest earned by a co-operative society on deposits placed with a co-operative bank was treated as income from investments covered by section 80P(2)(d), rather than business income under section 80P(2)(a)(i). On that basis, the deduction was held allowable because the income was derived from investments with a co-operative society and therefore fell within the statutory scope of section 80P(2)(d). The disallowance was not sustainable and the issue was decided in favour of the assessee. Case-Laws Income Tax Wed, 14 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759024