https://www.taxtmi.com/caselaws?id=766423 Interest earned by a co-operative society from deposits or investments with co-operative banks qualifies for deduction under section 80P(2)(d), because a co-operative bank is treated as a co-operative society for that purpose. Section 80P(4) excludes only co-operative banks as assessees from claiming deduction under section 80P; it does not withdraw a co-operative society's entitlement to deduct interest income received from such banks. The assessee's claim was therefore allowed in its favour. en-us Thu, 20 Feb 2025 00:00:00 +0530 Tue, 25 Feb 2025 08:24:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766423 Interest earned by a co-operative society from deposits or investments with co-operative banks qualifies for deduction under section 80P(2)(d), because a co-operative bank is treated as a co-operative society for that purpose. Section 80P(4) excludes only co-operative banks as assessees from claiming deduction under section 80P; it does not withdraw a co-operative society's entitlement to deduct interest income received from such banks. The assessee's claim was therefore allowed in its favour. Case-Laws Income Tax Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766423