https://www.taxtmi.com/caselaws?id=772597 Interest income earned by a cooperative housing society from deposits and investments with cooperative banks was held to qualify for deduction under section 80P(2)(d) of the Income-tax Act, 1961. The Tribunal followed its coordinate bench rulings that cooperative banks are treated as cooperative societies for this purpose, so interest received from such investments falls within the deduction provision. On that basis, the disallowance was deleted in favour of the assessee. en-us Mon, 05 May 2025 00:00:00 +0530 Tue, 24 Jun 2025 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772597 Interest income earned by a cooperative housing society from deposits and investments with cooperative banks was held to qualify for deduction under section 80P(2)(d) of the Income-tax Act, 1961. The Tribunal followed its coordinate bench rulings that cooperative banks are treated as cooperative societies for this purpose, so interest received from such investments falls within the deduction provision. On that basis, the disallowance was deleted in favour of the assessee. Case-Laws Income Tax Mon, 05 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772597