https://www.taxtmi.com/caselaws?id=785726 Deduction under section 80P(2)(d) concerns interest or dividend income a cooperative society derives from investments with other cooperative societies; the statutory definition of cooperative society encompasses both cooperative banks and non-bank cooperative societies, so interest on deposits with other cooperative societies or cooperative banks qualifies for deduction. Reliance on prior high court authority supporting entitlement to deduction for inter-society interest was accepted, resulting in allowance of the interest income deduction for deposits placed with other cooperative banks. en-us Tue, 27 Jan 2026 00:00:00 +0530 Fri, 30 Jan 2026 09:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785726 Deduction under section 80P(2)(d) concerns interest or dividend income a cooperative society derives from investments with other cooperative societies; the statutory definition of cooperative society encompasses both cooperative banks and non-bank cooperative societies, so interest on deposits with other cooperative societies or cooperative banks qualifies for deduction. Reliance on prior high court authority supporting entitlement to deduction for inter-society interest was accepted, resulting in allowance of the interest income deduction for deposits placed with other cooperative banks. Case-Laws Income Tax Tue, 27 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785726