https://www.taxtmi.com/caselaws?id=767026 Interest earned by a cooperative society from fixed deposits placed with a cooperative bank was treated as eligible for deduction under section 80P(2)(d) because section 80P remains a beneficial provision for the cooperative sector and section 80P(4) excludes only cooperative banks functioning like commercial banks, not every cooperative society registered under State cooperative law. Applying binding precedent to the facts, the Tribunal's view that the deduction was available was upheld, and the Revenue's challenge was held not to raise any substantial question of law. en-us Mon, 03 Mar 2025 00:00:00 +0530 Sat, 08 Mar 2025 08:32:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767026 Interest earned by a cooperative society from fixed deposits placed with a cooperative bank was treated as eligible for deduction under section 80P(2)(d) because section 80P remains a beneficial provision for the cooperative sector and section 80P(4) excludes only cooperative banks functioning like commercial banks, not every cooperative society registered under State cooperative law. Applying binding precedent to the facts, the Tribunal's view that the deduction was available was upheld, and the Revenue's challenge was held not to raise any substantial question of law. Case-Laws Income Tax Mon, 03 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767026