https://www.taxtmi.com/caselaws?id=466243 Interest earned on fixed deposits with co-operative banks was treated as not automatically attributable to the business of providing credit facilities, so deduction under section 80P(2)(a)(i) was not accepted on the facts. Entitlement under section 80P(2)(d) depended on whether the payer was a co-operative society or a co-operative bank, and because the record did not clearly establish that status, verification by the Assessing Officer was required. The matter was therefore accepted only to the extent of further verification under section 80P(2)(d). en-us Fri, 28 Feb 2025 00:00:00 +0530 Fri, 30 Jan 2026 19:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466243 Interest earned on fixed deposits with co-operative banks was treated as not automatically attributable to the business of providing credit facilities, so deduction under section 80P(2)(a)(i) was not accepted on the facts. Entitlement under section 80P(2)(d) depended on whether the payer was a co-operative society or a co-operative bank, and because the record did not clearly establish that status, verification by the Assessing Officer was required. The matter was therefore accepted only to the extent of further verification under section 80P(2)(d). Case-Laws Income Tax Fri, 28 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466243