https://www.taxtmi.com/caselaws?id=775052 A co-operative society's income attributable to its business of providing credit facilities to members was treated as eligible for deduction under section 80P(2)(a)(i), and interest from co-operative bank deposits was also held deductible under section 80P(2)(d). Receipts from allied activities such as resale of gas cylinders, hall rent, xerox and lamination charges were regarded as part of the society's business income and covered by the basic deduction under section 80P(2)(c)(ii). Amounts described as "Sanugraha Anudan" were accepted as bonus-related expenditure, not a donation, so the corresponding enhanced business income remained deductible under section 80P(2)(a)(i). en-us Wed, 16 Jul 2025 00:00:00 +0530 Thu, 17 Jul 2025 15:43:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775052 A co-operative society's income attributable to its business of providing credit facilities to members was treated as eligible for deduction under section 80P(2)(a)(i), and interest from co-operative bank deposits was also held deductible under section 80P(2)(d). Receipts from allied activities such as resale of gas cylinders, hall rent, xerox and lamination charges were regarded as part of the society's business income and covered by the basic deduction under section 80P(2)(c)(ii). Amounts described as "Sanugraha Anudan" were accepted as bonus-related expenditure, not a donation, so the corresponding enhanced business income remained deductible under section 80P(2)(a)(i). Case-Laws Income Tax Wed, 16 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775052