https://www.taxtmi.com/caselaws?id=784381 Interest earned by a co-operative society on fixed deposits made pursuant to a statutory reserve fund and other mandated funds was treated as attributable to its eligible business activity, so deduction under section 80P(2)(a)(iii) was allowed. The disallowance based on Totgars Co-operative Sale Society Ltd. was found unsustainable because the investments were made under a statutory mandate, not as mere deployment of surplus funds. The addition relating to interest from fixed deposits was directed to be deleted. en-us Wed, 31 Dec 2025 00:00:00 +0530 Fri, 02 Jan 2026 11:49:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784381 Interest earned by a co-operative society on fixed deposits made pursuant to a statutory reserve fund and other mandated funds was treated as attributable to its eligible business activity, so deduction under section 80P(2)(a)(iii) was allowed. The disallowance based on Totgars Co-operative Sale Society Ltd. was found unsustainable because the investments were made under a statutory mandate, not as mere deployment of surplus funds. The addition relating to interest from fixed deposits was directed to be deleted. Case-Laws Income Tax Wed, 31 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784381