https://www.taxtmi.com/caselaws?id=786546 A co-operative society's profits from milk procurement and supply were treated as eligible for deduction under section 80P(2)(b), with the Tribunal applying the principle of consistency and following an earlier coordinate bench view in the same assessee's case. Interest income already forming part of the profit and loss account was not permitted to be taxed again as income from other sources, as duplication of the same income in the taxable base was not acceptable on the facts. Interest from co-operative banks and dividend from co-operative societies was regarded as deductible under section 80P(2)(d), consistent with the applicable precedent. The disputed additions and disallowances therefore did not survive. en-us Tue, 10 Feb 2026 00:00:00 +0530 Sat, 14 Feb 2026 08:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786546 A co-operative society's profits from milk procurement and supply were treated as eligible for deduction under section 80P(2)(b), with the Tribunal applying the principle of consistency and following an earlier coordinate bench view in the same assessee's case. Interest income already forming part of the profit and loss account was not permitted to be taxed again as income from other sources, as duplication of the same income in the taxable base was not acceptable on the facts. Interest from co-operative banks and dividend from co-operative societies was regarded as deductible under section 80P(2)(d), consistent with the applicable precedent. The disputed additions and disallowances therefore did not survive. Case-Laws Income Tax Tue, 10 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786546