https://www.taxtmi.com/caselaws?id=466841 Whether interest and dividend from deposits with a cooperative bank qualify for deduction under section 80P(2)(d) is addressed by applying the view favourable to the assessee where there are conflicting non jurisdictional High Court decisions; a Supreme Court decision relied on below is distinguished on its facts because it turned on a different provision not invoked here. The legal principle applied is that conflicting High Court precedents favouring the taxpayer govern entitlement to deduction, and the conclusion is that the interest and dividend income is deductible under the statutory provision. en-us Mon, 01 Aug 2022 00:00:00 +0530 Sun, 22 Feb 2026 22:48:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466841 Whether interest and dividend from deposits with a cooperative bank qualify for deduction under section 80P(2)(d) is addressed by applying the view favourable to the assessee where there are conflicting non jurisdictional High Court decisions; a Supreme Court decision relied on below is distinguished on its facts because it turned on a different provision not invoked here. The legal principle applied is that conflicting High Court precedents favouring the taxpayer govern entitlement to deduction, and the conclusion is that the interest and dividend income is deductible under the statutory provision. Case-Laws Income Tax Mon, 01 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466841