https://www.taxtmi.com/caselaws?id=462568 ITAT Mumbai-AT allowed deduction under section 80P(2)(d) for interest and dividend income received by an Employees Cooperative Society from other cooperative societies. The assessee society had restricted membership to BSNL employees, with deposits generated through salary deductions and advances given only to members. Following the precedent set in Pathare Prabhu Co-operative Housing Society case, the tribunal held that interest income from investments with cooperative banks qualifies for deduction under section 80P(2)(d). The assessee's claim was allowed. en-us Tue, 25 Feb 2025 00:00:00 +0530 Tue, 01 Jul 2025 19:08:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462568 ITAT Mumbai-AT allowed deduction under section 80P(2)(d) for interest and dividend income received by an Employees Cooperative Society from other cooperative societies. The assessee society had restricted membership to BSNL employees, with deposits generated through salary deductions and advances given only to members. Following the precedent set in Pathare Prabhu Co-operative Housing Society case, the tribunal held that interest income from investments with cooperative banks qualifies for deduction under section 80P(2)(d). The assessee's claim was allowed. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462568