https://www.taxtmi.com/caselaws?id=781662 ITAT Mumbai allowed the assessee's claim under s.80P(2)(d) for interest earned from investments in co-operative banks, holding that co-operative banks qualify as co-operative societies for the provision. The tribunal followed settled precedent of the Apex Court and coordinate benches treating co-operative banks as societies (not as banks under the Banking Regulation Act), and accordingly permitted the deduction for interest income under s.80P(2)(d). en-us Thu, 10 Jul 2025 00:00:00 +0530 Mon, 17 Nov 2025 17:58:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781662 ITAT Mumbai allowed the assessee's claim under s.80P(2)(d) for interest earned from investments in co-operative banks, holding that co-operative banks qualify as co-operative societies for the provision. The tribunal followed settled precedent of the Apex Court and coordinate benches treating co-operative banks as societies (not as banks under the Banking Regulation Act), and accordingly permitted the deduction for interest income under s.80P(2)(d). Case-Laws Income Tax Thu, 10 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781662