https://www.taxtmi.com/caselaws?id=782953 ITAT allowed the assessee-co-operative society's appeal, holding that interest income earned on investments placed with a district co-operative bank constitutes eligible income for deduction under s. 80P(2)(d) of the IT Act. Relying on binding HC precedent that a co-operative bank is itself a co-operative society for the purposes of s. 80P(2)(d), the Tribunal held that interest received from such a bank falls within the scope of "interest or dividends derived from investments with any other co-operative society." The disallowance made by the Revenue was therefore set aside. en-us Tue, 02 Dec 2025 00:00:00 +0530 Sat, 06 Dec 2025 08:46:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782953 ITAT allowed the assessee-co-operative society's appeal, holding that interest income earned on investments placed with a district co-operative bank constitutes eligible income for deduction under s. 80P(2)(d) of the IT Act. Relying on binding HC precedent that a co-operative bank is itself a co-operative society for the purposes of s. 80P(2)(d), the Tribunal held that interest received from such a bank falls within the scope of "interest or dividends derived from investments with any other co-operative society." The disallowance made by the Revenue was therefore set aside. Case-Laws Income Tax Tue, 02 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782953