https://www.taxtmi.com/caselaws?id=462507 Interest earned by a co-operative credit society from deposits placed with a district co-operative bank was treated as deductible under section 80P(2)(d), because the income fell within the specific allowance for interest from co-operative institutions. The Tribunal followed the jurisdictional High Court and a co-ordinate bench, holding that the claim was not to be tested under section 80P(2)(a)(i) where the specific provision applied. On that basis, the assessee's deduction claim was accepted and the corresponding tax addition did not survive. en-us Fri, 04 Apr 2025 00:00:00 +0530 Fri, 27 Jun 2025 08:36:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462507 Interest earned by a co-operative credit society from deposits placed with a district co-operative bank was treated as deductible under section 80P(2)(d), because the income fell within the specific allowance for interest from co-operative institutions. The Tribunal followed the jurisdictional High Court and a co-ordinate bench, holding that the claim was not to be tested under section 80P(2)(a)(i) where the specific provision applied. On that basis, the assessee's deduction claim was accepted and the corresponding tax addition did not survive. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462507