https://www.taxtmi.com/caselaws?id=786551 Whether bank interest received by a cooperative credit society is deductible under section 80P(2)(a)(i) was decided by treating the interest as attributable to profits and gains of business; the Tribunal applied precedent holdings of the High Court that similar bank interest qualifies as business income and noted absence of any contrary overruling or AO finding that the receipts were income from other sources, and therefore allowed the deduction to the assessee to that extent. en-us Wed, 11 Feb 2026 00:00:00 +0530 Sat, 14 Feb 2026 08:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786551 Whether bank interest received by a cooperative credit society is deductible under section 80P(2)(a)(i) was decided by treating the interest as attributable to profits and gains of business; the Tribunal applied precedent holdings of the High Court that similar bank interest qualifies as business income and noted absence of any contrary overruling or AO finding that the receipts were income from other sources, and therefore allowed the deduction to the assessee to that extent. Case-Laws Income Tax Wed, 11 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786551