https://www.taxtmi.com/caselaws?id=782507 Interest earned by a co-operative society from deposits or investments with a co-operative bank qualifies for deduction under section 80P(2)(d) because a co-operative bank remains a co-operative society for that purpose, and the restriction in section 80P(4) does not limit that clause. The commentary also notes that, if the interest is treated as business income, deduction may alternatively be available under section 80P(2)(a)(i) where the income is attributable to the business of providing credit facilities. en-us Mon, 04 Aug 2025 00:00:00 +0530 Mon, 01 Dec 2025 08:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782507 Interest earned by a co-operative society from deposits or investments with a co-operative bank qualifies for deduction under section 80P(2)(d) because a co-operative bank remains a co-operative society for that purpose, and the restriction in section 80P(4) does not limit that clause. The commentary also notes that, if the interest is treated as business income, deduction may alternatively be available under section 80P(2)(a)(i) where the income is attributable to the business of providing credit facilities. Case-Laws Income Tax Mon, 04 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782507