https://www.taxtmi.com/caselaws?id=463846 A co-operative credit society that confines lending to its members and does not carry on banking business is outside section 80P(4) because it is not a co-operative bank under section 5(b) of the Banking Regulation Act. On that basis, deduction under section 80P(2)(c) remains available within the prescribed monetary limit, and interest or dividend income received from other co-operative societies qualifies under section 80P(2)(d) where the statutory conditions are satisfied. en-us Wed, 24 May 2023 00:00:00 +0530 Thu, 18 Sep 2025 19:36:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463846 A co-operative credit society that confines lending to its members and does not carry on banking business is outside section 80P(4) because it is not a co-operative bank under section 5(b) of the Banking Regulation Act. On that basis, deduction under section 80P(2)(c) remains available within the prescribed monetary limit, and interest or dividend income received from other co-operative societies qualifies under section 80P(2)(d) where the statutory conditions are satisfied. Case-Laws Income Tax Wed, 24 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463846