https://www.taxtmi.com/caselaws?id=781352 HC refused to admit the appeal and dismissed it, upholding the ITAT view that a cooperative society may claim deduction under section 80P(2)(d) for interest on surplus funds parked with another entity that is itself a cooperative society. The court found no substantial question of law, noting the cooperative character of the bank was not seriously disputed and the disputed sum was modest (Rs. 5,72,311). The appeal was dismissed without deciding potential applicability of the CBDT circular exception. en-us Thu, 06 Nov 2025 00:00:00 +0530 Fri, 14 Nov 2025 09:42:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781352 HC refused to admit the appeal and dismissed it, upholding the ITAT view that a cooperative society may claim deduction under section 80P(2)(d) for interest on surplus funds parked with another entity that is itself a cooperative society. The court found no substantial question of law, noting the cooperative character of the bank was not seriously disputed and the disputed sum was modest (Rs. 5,72,311). The appeal was dismissed without deciding potential applicability of the CBDT circular exception. Case-Laws Income Tax Thu, 06 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781352